Crude Oil

Oil prices rose on Thursday, extending gains in the prior session and hitting its highest since October 2018, after the EIA data showed that US crude oil inventories fell by a more than expected 7.61 million barrels in the June 18th week, a…

Oil prices fell on Friday, extending declines in the prior session, as the dollar strengthened on the prospect of interest rate hikes in the US. Demand worries also resurfaced after new coronavirus cases jumped in Britain,…

Crude oil prices have risen further, after the Energy Information Administration (EIA) reported a 7.4-million-barrel draw/build in inventories for the week to June 11. While Brent crude traded at $74.44 a barrel, West Texas Intermediate…

Oil futures regained ground on Friday, with West Texas Intermediate (WTI) crude settling above the $62 a barrel level after upbeat economic data for the US, including PMIs and new homes sales, lifted hopes of a fast recovery in fuel demand.…

Nigeria’s total crude oil and condensate production from January to October 2020 fell by 10.25 percent when compared to similar period in 2019, latest data from the Nigerian National Petroleum Corporation, NNPC, has shown. Data contained…

Oil prices dropped for the fourth day in a row on Wednesday, with the West Texas Intermediate (WTI) crude trading around $64.80 a barrel on a gloomy demand outlook for Europe due to a slow vaccination campaign. Germany, France…

The Organization of the Petroleum Exporting Countries (OPEC) has projected global oil demand to increase by 5.9million barrels per day (mb/d) year-on-year  in 2021. https://twitter.com/OPECSecretariat/status/1370393648735600642…

Saudi Arabia and Russia are once again heading into an OPEC+ meeting come March 4 on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices…