Oil prices have dropped by more than $20 since October, falling to $65.37 per barrel on November 13 from a peak of $86.29 on October 3, Al Mal reported. Oil prices have lost a quarter of their value since early Octobe...
Production disruptions in Iraq contributed to an overall decline in OPEC oil output during the month of October, Reuters reports. OPEC crude production dropped by 80,000 barrels per day (b/d) last month, according to ...
Anglo-Dutch oil firm Shell is testing the Trans Forcados crude export pipeline in Nigeria to check the possibility of restarting the activities at the infrastructure, Reuters reported. Ecofin Agency informed that the ...
Iran’s oil output is currently close to 3. 9mb/d, according to Oil Minister, Bijan Zanganeh, Hellenic Shipping News informed. Speaking on the sidelines of a government cabinet late January, Zanganeh indicated that Ira...
The Nigerian National Oil Corporation (NNPC) announced that the country is planning new oil and gas policies aimed at attracting more private investors and boost crude production by 500,000b/d by 2020, Ecofin Agency r...
The Organization of Petroleum Exporting Countries (OPEC) showed that Nigeria’s crude oil output rose by 280,700b/d to 1.385mb/d in September, Oil Price reported. Yet, Nigeria is unable to claim its position as Africa’...
According to the Central Bank of Nigeria (CBN), the country’s federal government earned $1.7b from oil and gas exports during the second quarter of 2016, Today.ng reported. This was lower than the provisional qu...
Iraq’s oil exports from its southern ports rose to 3.2mb/d on average in July, up from 3.175mb/d in June, as the Arabic nation increased crude production to bring in a $3.744b in oil export revenues, Reuters rep...
Sonatrach group, Algerian national company for transportation and marketing of hydrocarbons inked a study, supply, construction and commissioning contract with the Japanese company JGC Corporation and JGC Algeria Spa,...
Libya’s National Oil Corporation (NOC) stated that country’s total oil production had recently decreased to between 360,000 and 370,000b/d due to the ongoing attacks conducted by Islamic State on LibyaR...