Global oil prices may rebound to about $100 per barrel in the second half this year as Chinese demand recovers while supply ...

OPEC Secretary General Haitham Al Ghais said on Monday the collective decision to cut output in October was the right move ...

The Secretary General of OPEC believes the OPEC+ group deserves recognition for its role in maintaining oil market stability ...

Iran’s OPEC representative said that oil prices could hit $100 in the second half of the year as Chinese demand rebounds amid ...

Nigeria’s oil production which began rebounding in November and December last year after a prolonged lull, stayed stagnant in ...

China will need more oil after its reopening and tighten supplies again, he added. Oil rose for a third straight day on ...

Crude oil prices reversed their losses on Thursday after the Organisation of Petroleum Exporting Countries (OPEC) agreed to maintain its planned monthly oil output. OPEC on Wednesday disclosed this at ...

Domestic crude production climbed to the highest level since 2020 as demand for petroleum products pushed ahead last week, ...

The Government has hiked windfall profit tax levied on domestically-produced crude oil, as well as on the export of diesel and ATF, in line with firming international oil prices, according to an ...

Meanwhile, OPEC has made another cut to its global oil demand growth forecast, trimming around 100,000 bpd from its projections for both 2022 and 2023. This year’s growth is now pegged at 2.55 ...