The U.S. Energy Information Administration forecasts non-OPEC crude oil production to increase by 1.8 million barrels per day this year. OPEC+ has maintained output cuts for three years ...

U.S. commercial crude inventories fell by 1.0 million barrels, bringing total stockpiles to 411.7 million barrels, 6% below the five-year average ... Trump challenged OPEC to lower oil prices ...

The Chairman of Heirs Holdings, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s ...

Venezuela's oil output production fell 5% from May of 2022 ... Russia's output is expected to fall this year. OPEC insisted that strong demand and tight supply have led to a strong upward trend ...

(Bloomberg) -- Oil snapped a three-session ... group has delayed plans to revive output. That’s eased worries about a supply surplus developing this year. The International Energy Agency is ...

(Bloomberg) -- Oil steadied after an advance as OPEC delegates said the group was considering delaying restoring output ... has had a rocky start to the year, giving up all of its gains as ...

Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic diversification.

Brazil has joined OPEC+ two years after the group extended ... Minister Alexandre Silveira described OPEC as “a forum for discussing strategies among oil-producing countries.

OPEC+ is unlikely to alter existing plans to raise output gradually when it meets today ... the sidelines of the Arab Energy Fund's 50th anniversary celebration in Riyadh, and were not a planned OPEC ...

In January, Nigeria made real its focus to ramp up oil production, raising average daily crude output to ... 103 per cent of OPEC quota (1.5 mbpd),” the NUPRC stated. For years, crude oil ...