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Business

Oil Slips As Demand Fears Outweigh Strong U.S. Stocks Draw

Oil prices eased on Wednesday on concerns that U.S. fuel demand may not recover as quickly as expected amid stalled talks on an economic...

Energy

Oil Price Threatened Over Iraq’s Non-Compliance With Oil Cut Deal

Ahead of the Organization of Petroleum Exporting Countries and non-member countries known as OPEC+ Technical Monitoring Committee Meeting next week, there is a palpable...

Business

OPEC+ To Ease Record Cuts From August As Sec-Gen Says Oil Cuts Brought Stability

As oil demand begins to recover after falling to a record low in April, the Organization of the Petroleum Exporting Countries, OPEC+ group has...

Business

Oil Price Crisis: OPEC’s Breach Of Output Cut Triggers Fresh Russia, Saudi Arabia Clash

*Nigeria, Iraq Fail To Uphold Commitments To Output Cut, Says Survey By Babajide Okeowo( The New Diplomat’s Content editor) A trending survey findings based on a...

Energy

Oil Crisis: Hope Rises As FG Moves To Ship Highest Oil Cargoes To China

Respite is coming the way of Nigeria which has been battling with the double crisis of falling oil price occasioned in main by the...

Energy

Oil Revenue Crisis: Hope Rises For Nigeria As Global Oil Market Is Expected To Re-Balance in 2 Months

Following reaffirmation by countries like Saudi Arabia, the United Arab Emirates (UAE) and Iraq to comply with the decision of the Organization of the...

Business

OPEC Deal Collapse Sparks Price War: ‘$20 Oil In 2020 Is Coming’

Experts are calling dramatically lower crude prices as major OPEC and non-OPEC producers prepare for an all-out price war, in a sudden U-turn from...

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