Angola’s oil production fell below 1 million barrels per day in July, missing government forecasts and highlighting ongoing ...

OPEC on Tuesday raised its global oil demand forecast for next year and trimmed its estimate for growth in supply from the ...

The raised forecast comes as the global economy was now projected to grow 3% this year, up from 2.9% previously.

At the forefront of Africa’s refining expansion is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and is already reshaping regional fuel trade dynamics. Further developments ...

The return of previously curtailed oil production by OPEC+ members is killing U.S. shale growth, with industry executives ...

Senator Heineken Lokpobiri, has assured that Nigeria remains fully committed to the rules of the Organisation of Petroleum Exporting Countries despite recent gains in crude oil output.Lokpobiri said ...

OPEC's oil output rose further in July after an OPEC+ agreement to raise production, a Reuters survey found on Friday, ...

U.S. shale producers are cutting rigs, slashing budgets, and pulling back hard as cheap oil from OPEC pushes prices deep ...

The world faces a record glut of oil next year as a Saudi-led cartel ramps up production – just as global demand slumps.

OPEC announces cuts to oil production Oil markets shuddered after a surprise announcement this weekend that Saudi Arabia and other oil-producing countries would cut their output of crude oil ...

Oil supply from countries outside the Declaration of Cooperation - the formal name for OPEC+ - will rise by about 630,000 ...