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Oil Price
Oil Climbs on Pressure From Ukraine Conflict, Tight Market
Oil prices jumped $2 on Monday as Ukrainian forces dug in against heavy Russian attacks, while major oil producers reported they are struggling to produce their…
Crude Oil
Japan to Call on Middle East Oil Producers to Raise Output
Japan will ask oil producing countries in the Middle East to ramp up production in the face of surging prices triggered by Russia’s invasion of Ukraine, Prime …
Crude Oil
Africa: Nigeria to Maintain Top Positions As Africa's Biggest Oil Producer, Production to Peak in 2023 - Report
Nigeria will retain its number one position as Africa's biggest oil producer as well as maintain the top three gas suppliers on the continent between 2022 and 2…
Oil Price
Can African Oil Producers Take Advantage of Increasing Oil Prices?
Russia's invasion of Ukraine has pushed the price of oil to over $100 per barrel. But, it's also opened an opportunity for African oil producers like Nigeria, A…
Oil Price
Arab Oil Producers Say OPEC+ Should Stick to Current Output Agreement
OPEC+ should stick to its current agreement to add 400,000 barrels of oil per day each month to output, ministers of Arab oil-producing countries said on Sunday…
Oil Price
White House: No Oil Producer Should Hold Back Supply As Oil Hits $90
The White House says as oil hit $90, noting that the U.S. Administration has left “all options on the table” to address high oil and gasoline prices and could…
Net Zero Emission
Chevron Adopts Net Zero Emissions 'Aspiration'
Under pressure to move more aggressively on the energy transition front, US oil producer Chevron committed to a 2050 net zero "aspiration" for operational emiss…
Natural Gas
Russian Oil Giant Rosneft Seeks Approval To Export Natural Gas
State-controlled Rosneft, the largest oil producer in Russia, has asked Russian President Vladimir Putin to be allowed to export natural gas with giant Gazprom …
Crude Oil
Lukoil Plans to Ramp up Oil Output at West Qurna 2 Field to 480,000 b/d in 2022
Russia ‘s second-largest crude oil producer Lukoil hopes to increase oil output at the West Qurna 2 project in Iraq to 480,000 b/d next year, the company said …
Oil Price
Saudi Aramco Hikes Oil Prices to Asia for Second Consecutive Month
The pricing of Saudi crude oil generally sets the trend for the pricing for Asia of other Gulf oil producers such as the United Arab Emirates, Kuwait, Iraq, and…
Crude Oil
Shell Could Resume Oil and Gas Exploration in Libya
North Africa’s second-largest oil producer is gradually increasing crude exports after a blockade last year cost it $11bn in lost fiscal revenue
Energy Transition
Chevron Sets up Energy Transition Unit, Names Company Insider As Head
Chevron Corp on Thursday announced the creation of a new unit to manage the second largest U.S. oil producer's low-carbon investments, with an initial focus on …
Crude Oil
Russia Was World’s Second-Largest Oil Producer In H1 2021
Russia was the world’s second-largest producer in the first five months of this year after the United States, data from Rosstat, the state statistics bureau, h…
OPEC
OPEC+ Deadlock is Bad News for Oil Producers and Consumers, IEA Warns
The International Energy Agency on Tuesday warned that world oil markets are likely to remain volatile following a breakdown in talks between OPEC members and t…
Oil & Gas Supply
Uganda Stands to be one of Sub-Saharan Africa’s Top Five Oil Producers by 2025
With the East African Oil Pipeline project recently getting the go-ahead, Uganda is set to produce its first oil as early as 2025 and production in the next fiv…
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