Oil trades near two-year high as U.S. stocks shrink ahead of OPEC meeting next week
Oil headed for its highest close since June 2015 while trading volume surged after U.S. industry data showed crude stockpiles ...
Monday, July 27, 2026
Tag: Oil & gas
Oil trades near $55 as investors await clarity on OPEC action
Oil held near $55 a barrel as traders who were once certain OPEC and Russia would extend their output cuts ...
BP sends in big guns as majors jostle for Abu Dhabi oil riches
When BP Plc goes to Abu Dhabi this week, where big oil companies will be jostling for access to the Emirate’s offshore ...
NNPC pledges support for indigenous participation in Nigeria’s oil industry
The Nigerian National Petroleum Corporation (NNPC) has pledged to provide more support to indigenous companies in Nigeria’s Oil and Gas ...
Oil steadies near $57 per barrel before U.S. crude inventory data
Oil steadied in New York before weekly data on crude inventories in the U.S., the world’s biggest oil consumer. Futures ...
Nigeria supports OPEC cut extension until end of 2018 under “the right terms”
Emmanuel Ibe Kachikwu, Nigeria's oil minister said the country supports an extension of a deal between OPEC, Russia and other ...
Is $60 oil too tempting for OPEC?
By Irina Slav Last week, a Bloomberg energy journalist tweeted from Riyadh, wondering why there are no mass ...
Quarter of oil refineries risk closure under climate goals by 2035, report reveals
A quarter of the world’s oil refineries risk closure by 2035 if governments of countries meet targets to limit fossil ...
OPEC oil output drops in October as Kurdistan tensions weigh on Iraq
Tensions in Iraq between the semi-autonomous northern region of Kurdistan and the central government in Baghdad weighed on OPEC’s production ...
Nigeria’s gas flare rate worsens in August to 12% despite clean development projects by NNPC
Gas flare rate in Nigeria’s petroleum industry worsened in August to stand at 12 percent, up 1.97 basis points from ...
BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.