Global oil markets are again showing the impact of emotions and misinterpretation. The so-called surprise production increase taken by eight (8) leading members of OPEC is, in principle, not ...

OPEC is implementing a long-term strategy to regain market share and maintain high oil prices, leveraging geopolitical ...

The focus of this post is an overview of World oil production along with a more detailed review of the top 11 Non-OPEC oil-producing countries. Read more here.

Exactly 55 years ago this month, Nigeria joined Organization of Petroleum Exporting countries, OPEC, the global club using ...

The oil cartel - which produces 40 percent of the world’s total oil output - agreed to further increase output in August.

The OPEC+ Joint Ministerial Monitoring Committee (JMMC) reiterated its call for member states to adhere to agreed production ...

In collaboration with its allies, OPEC is set to boost oil production in response to anticipated robust demand.

OPEC said the global economy may perform better than expected in the second half of the year despite trade conflicts and ...

Crude oil holds above key MAs as traders eye OPEC+ output signals, Iran talks, and Venezuela supply. Read the latest oil outlook and technical analysis.

Speaking to Argus Media, NNPC’s Group Chief Executive Officer, Bashir Ojulari, said the country’s current crude oil output is ...

A trade deal between the US and EU proved positive for sentiment this morning in the oil market. However, attention will ...

NNPC plans to push for a 25% increase in Nigeria’s oil output quota by 2027, citing refinery growth and improved production.