The Organisation of the Petroleum Exporting Countries (OPEC) warns that the oil sector will need $10.6tn in new investments by 2040—and up to $18.2tn by 2050—to meet rising global demand and maintain ...

Oil prices surged over 2% due to IEA's report of a potentially tighter global market driven by strong summer demand. Concerns about new US tariffs and potential sanctions on Russia further fueled the ...

Revenue Sharing Contracts (RSC), Discovered Small Fields (DSF), and Coal Bed Methane (CBM) regimes, and is aimed at reducing ...

The Nigerian National Petroleum Company Limited (NNPCL) has set 2028 as the target year for its listing on the stock ...

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...

Saudi Arabia’s energy ministry stated that the kingdom remained fully compliant with its voluntary OPEC+ production target in ...

India significantly increased its crude oil imports from the United States and Brazil in the first half of 2025, driven by ...

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, has declared that the company is now on track and has ...

BofA said it still expects the Brent price to average $64/bbl in H2. On Friday morning, London-based September Brent prices traded at around $70/bbl, which was well below their 2025 high at above ...