Tide turns for sulphur-rich oil in a sea of light crude
The world is awash with oil, but in pockets of the market lower-quality, sulphur-rich crude is limited and buyers are ...
Saturday, May 30, 2026
Tag: OPEC
Nigeria gets 2018 budget alert in OPEC’s ominous global demand warning
Nigeria, Africa’s largest economy by gross domestic product, presently on a crude oil life support, owing to decades of dependency ...
Numbers show huge challenges facing OPEC members
The price of a barrel of Brent crude has more than halved over the past five years, triggering an existential ...
Nigeria, Libya responsible for hike in OPEC June oil output to 32.47mbpd
Recovery in oil production in Nigeria and Libya led to a hike in total Organisation of Petroleum Exporting Countries (OPEC) ...
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 ...
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 ...
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 ...
Russia new stumbling block to OPEC production curbs
Russia has been reported to have opposed any proposal to deepen OPEC-led production cuts, which has led to crude oil ...
OPEC’s output rose to the highest this year
OPEC’s crude production rose to the highest this year in June as member nations exempt from output curbs pumped more. ...
Libya oil output at 4-year high loosens OPEC grip on supply
Libya’s oil production has climbed to more than 1 million barrels a day for the first time in four years, ...
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