OPEC's Monthly Oil Market Report, which was released on Tuesday, showed that the organization's daily crude oil production decreased by an average of 744,000 barrels. The lowest monthly average for...

The British independent energy company Savannah Energy PLC has announced that it has entered into a Share Purchase Agreement ("SPA") with PETRONAS International Corporation Limited ("PETRONAS") to purchase all of...

Speaking during a panel session at the ongoing 1th Practical Nigerian Content Forum (PNCF) in Uyo, Akwa Ibom State, the Chief Investment Officer, NNPC Upstream Investments Management Services (NUIMS), Bala...

H.E. Timipre Sylva, the Minister of State for Petroleum Resources, expressed confidence that Nigeria will reach its 1.8 million barrels per day (bpd) crude oil production target by the end...

The 34th OPEC and non-OPEC Ministerial Meeting took place by videoconference on Sunday, 4 December 2022. According to the decision made by the OPEC and non-OPEC Participating Countries in the...

According to an official in the Indian Oil Ministry, India would continue to purchase Russian crude oil even after the embargo and price cap go into effect on Monday, December...

An EU diplomat told Reuters on Thursday that the EU has made a provisional decision to fix the price restriction on Russian crude oil at $60 per barrel. However, Poland,...

Libya's central bank governor, Sadiq Al-Kabir, told Bloomberg from the capital city of Tripoli that the war-torn OPEC country has to increase oil production to implement ambitious development plans and...

At the ongoing Angola Oil & Gas (AOG) 2022 Conference and Exhibition, the Ministry of Mines and Hydrocarbons in Equatorial Guinea and Hydrocarbons and the Ministry of Hydrocarbons of the...

The Energy Ministers of Saudi Arabia and Iraq reaffirmed their support for the reduction in oil production following a bilateral meeting on Thursday. Prince Abdulaziz bin Salman said in a...