News

Crude oil pulls back after U.S. inventories post surprise rise, OPEC issues cautious report
Crude oil fell after four straight sessions of gains, as government data showed U.S. crude oil stockpiles rose unexpectedly ...
OPEC Signals Cautious Optimism on Trade, Holds Oil Demand Forecast
The Organization of the Petroleum Exporting Countries trimmed its economic growth outlook and kept its oil demand forecast ...
Oil dives on US-Iran hopes as stocks surge stalls
Oil tumbled nearly 4% as a potential U.S.-Iran nuclear deal raised the prospect of increased global crude supply on Thursday, ...
Nairametrics5h
OPEC maintains 2025 oil demand growth at 1.3 mb/d, projects sustained momentum for 2026
The Organization of the Petroleum Exporting Countries (OPEC) has maintained its global oil demand growth forecast for 2025 at ...
OilPrice.com20h
OPEC Cuts Forecast of Oil Supply Growth From Rival Producers
OPEC's latest report projects slower oil supply growth from non-OPEC+ producers due to declining upstream investments in 2025 ...
Why OPEC Plus Is Increasing Oil Supplies Despite Falling Prices
The group agreed to raise output in June, a sign that Saudi Arabia and its allies appear to be weary of cutting output and ...
OPEC April oil output edges lower despite plans for hike, survey finds
OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...
WTI drops to near $60.50, crude Oil slides 3% on US-Iran nuclear deal hopes
West Texas Intermediate (WTI) Oil price fell by approximately 3% on Thursday, extending the previous session’s losses of over ...
Oil Prices Fall as OPEC Increases Supply Despite Fears of an Economic Slowdown
U.S. oil prices fell to $57 a barrel after the OPEC Plus cartel said this weekend that it would pump more oil.
Nairametrics4h
Nigeria averages 1.486mbpd in April 2025 according to OPEC
Nigeria averaged a crude oil production output of 1.468mbpd in the first quarter of 2025, much lower than the 2mbpd ...
Nymex Overview: Oil Eases on OPEC Report, U.S. Stock Build After Four-Day Rally -- OPIS
In the spot market, Chicago RBOB prices rose by around 4cts to $2.21/gal, which was the most expensive east of the Rockies, driven by active refiner buying after the latest EIA data showed a 1.5 ...