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

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

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

At the centre of this transformation is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and has already started reshaping West Africa’s fuel trade.

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 ...

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

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

Fears of a massive non-dom exodus from the UK have been allayed by initial tax data, and UK companies in China are being ...

Opec forecast a tighter global oil market than previously projected, citing accelerating demand growth and a slower expansion ...

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