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OPEC: Nigeria’s Oil Production Falls Again!

By Ken Afor Nigeria's crude oil production declined for the second consecutive month in March 2024 to 1.231 million barrels per day, according to the...
Energy

Oil Prices Rise As Crude Oil Inventories Build, Products Fall

By Julianne Geiger The American Petroleum Institute (API) has reported a build of 1.586 million barrels in U.S. crude inventories, compared to last week’s large 5.25-million-barrel...
Energy

OPEC Cuts Reignite Inflation Worries As Energy Prices Rise

The International Energy Agency warns of a deepening oil market deficit in the fourth quarter due to extended Saudi and Russian production cuts. ...
Energy

IEA Claims Global Oil Demand Will Peak Before 2030

The head of the International Energy Agency has said that new projections show demand for coal, natural gas, and oil all peaking in...
Energy

Guyana’s Oil Boom Challenges OPEC+ Dominance

Guyana is expected to pump 1.2 million barrels of crude oil per day by 2027, surpassing many OPEC members, driven by Exxon's development...
Energy

Goldman Claims Oil Prices Could Hit $107 If OPEC+ Extends Cuts Next Year

Goldman Sachs believes oil prices could hit $107 next year if Russia and Saudi Arabia maintain their production cuts. The bank does emphasize...
Energy

Analyst: Oil Is Heading Well Into The $90 Range

McNally: “Oil prices are climbing a wall of doubt and skepticism,”. McNally: The Saudis are unlikely to reverse the cuts at $90 or...
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