Jackson Gaius-Obaseki, the former Group Managing Director of the Nigerian National Petroleum Company (NNPC) has advised the Federal

When OPEC agreed to exempt Nigeria from its oil production-restraint deal last year, it knew the country faced a huge challenge in

Oil prices at the international market opened Thursday stable supported by ongoing OPEC-led supply cuts, tensions in the Middle East

By Robert Rapier This year the U.S. has averaged more than 900,000 barrels per day (BPD) of crude oil exports while continuing to

World stocks and commodities rose Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as

If Iraq’s Kurdish territory were a country, it would probably qualify for OPEC membership. It wouldn’t even be the smallest member,

Oil markets jumped Monday on concerns over potential renewed U.S. sanctions against Iran as well as conflict in Iraq. An explosion at

Saudi Aramco plans to make “the deepest customer allocation cuts in its history” in oil supplies in November to help reduce global

OPEC and its allies indicated that they’ll wait a bit longer to see if further action is required in their bid to clear a global oil

By Nick Cunningham     With Brent oil prices hovering right around $55 per barrel—the highest level in months—the oil market