Oil traded near $46 a barrel as crude production rebounded in Libya, an OPEC member exempt from output kerbs. Futures gained 0.3

Recovery in oil production in Nigeria and Libya led to a hike in total Organisation of Petroleum Exporting Countries (OPEC) output in

A proposal that Libya and Nigeria could have to accept limits on their crude production probably would not be enough to put OPEC’s

Crude oil could end the year selling at $60 per barrel if a call by Citigroup senior energy analyst, Eric Lee, is anything to go by,

Nigeria and Libya, which have both boosted oil production since they were exempt from global cuts this year, may be asked to cap their

Now is the time to maximize the impact of OPEC’s oil production cuts, yet the market is still waiting for the group’s biggest member

Libya’s oil production has climbed to more than 1 million barrels a day for the first time in four years, further complicating OPEC’s

The Russian government is sticking to its conservative assumptions for oil prices as it drafts the budget for the next three years,

Amid current global oil glut that have seen oil prices slump to a 10-month low despite OPEC members agreed cuts that have been

Saudi Energy Minister Khalid al-Falih said the oil market is heading in the right direction but still needs time to rebalance, the