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OPEC’s Smallest Producer Sees Crude Oil Exports Drop To Zero

By Charles Kennedy Equatorial Guinea, a small West African country and OPEC’s smallest oil producer, did not export any crude oil in May due to...

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Nigeria Expands Exploration To Boost Oil Reserves To 50 Billion Barrels

By Tsvetana Paraskova Nigeria’s state oil firm has started exploration in the onshore frontier basins, aiming to boost the OPEC producer’s proven crude oil reserves...

Business

China Is Still The Biggest Driver Of Oil Prices

China likely accelerated the pace of crude oil stockpiling last year. Since China doesn’t report crude oil inventories, it’s all guesswork as to...

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Platts Survey: OPEC+ Oil Production Rose By 140,000 Bpd In December

The OPEC+ group saw its combined crude oil production rise by 140,000 barrels per day (bpd) to 42.71 million bpd in December, but the...

Business

OPEC Cuts Oil Demand Growth Estimates Yet Again

OPEC has cut its oil demand growth forecast yet again, the fifth such reduction since April. The group cited significant economic uncertainty and...

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OPEC Boosts Global Oil Demand Forecast

OPEC has increased its global oil demand forecast in both the long and medium term, revising its previous forecast for 2023 higher by 1.4...

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OPEC Raised Oil Production In September But Remained Below Target

OPEC raised its crude oil production by 146,000 barrels per day (bpd) in September compared to August, but the ten OPEC members in the...

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