Oil near $44 as Saudi Arabia’s output increase raises doubts
Oil futures were little changed in New York, trading near $44 a barrel following a report that Saudi Arabia exceeded its agreed-upon
Goldman sees risk of oil below $40 without OPEC ‘shock and awe’
OPEC needs to “shock and awe” the oil market for prices to gain, according to Goldman Sachs Group Inc. The Organization of Petroleum
OPEC caps for Libya, Nigeria crude output not enough to fix oil glut
A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s
Patience wears thin in Nigeria’s oil heartlands putting peace at risk
The patience of indigenes of the heartlands of Nigeria’s oil production appears to be running thin, according to a report by the
Why it’s too early to send oil bears into hibernation
Oil bulls got their first ray of hope last week from the US Energy Information Administration. Weekly data showed a sharp fall in
Nigeria Delta communities demand stake in ex-Shell oil block
A group of communities in Nigeria’s Niger River delta demanded a stake in an oil block it said it was promised when Royal Dutch Shell
Oil prices plunge 3% on oversupplied market
Oil prices fell three percent on Friday after data showed U.S. production rose last week just as OPEC exports hit a 2017 high, casting
Saudi Arabia silent over ‘whatever it takes’ at OPEC’s critical moment
Now is the time to maximize the impact of OPEC’s oil production cuts, yet the market is still waiting for the group’s biggest member
Erin Energy announces farm-out deal approval with FAR in The Gambia
Erin Energy Corporation has announced that the Government of the Republic of The Gambia has approved the farm-out agreement with FAR
Oil, gold and bitcoin
The falling price of oil did not garner any mainstream financial media attention until today, when U.S. market participants woke up to