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Crude Oil News
OPEC+ to Weigh Rollover or Oil Output Cut at Sunday Meeting
The meeting, planned as an in-person gathering, may be made a partly or fully virtual…
November 30th 2022
Oil Up on Lower U.S. Crude Stocks and Dollar, OPEC+ and China Concerns Limit Gains
Official figures are due by the U.S Energy Information Administration on Wednesday.
November 30th 2022
Nigeria Lost $15.4 Billion Due to Oil Output Shortfalls
When compared with the production of 497.55 million barrels in Jan-Oct ’21, the production was…
November 29th 2022
Exxon to Exit Equatorial Guinea Amid Wider Africa Crude Phaseout
As crude output in West Africa shrinks, production in the Americas is expected to grow…
November 29th 2022
EU Fails to Agree on Russian Oil Price Cap, Say Diplomats
With Russian production costs estimated at around $20, Moscow has a very large profit from…
November 29th 2022
Chevron Granted License to Resume Oil Production in Venezuela
The company announced that it has received a six-month license from OFAC, which allows it…
November 28th 2022
BP Wins Contract to Market Guyana’s Share of Oil Production
Its proposal to take over as marketing agent was chosen over 13 others, the ministry…
November 28th 2022
Oil Falls over $2 a Barrel as China’s COVID Protests Fuel Demand Fears
The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, will meet on…
November 28th 2022
Nigeria Launched First Oil Drilling Project in the North
The current discovery unveils one billion barrels of oil reserves and 500 billion cubic feet…
November 25th 2022
City Lodged Legal Challenge Against LNG Terminal Project
The preliminary operations have already begun in Piombino, but construction works on the pipeline that…
November 25th 2022