DUBAI – The Organisation of Petroleum Exporting Countries (OPEC) reduced crude production in November to the lowest level in more than two years as output dropped...
ABUJA – Socio-Economic Rights and Accountability Project (SERAP) has advised President Goodluck Jonathan to “urgently query the Nigerian National Petroleum Corporation (NNPC) over alleged failure to...
SAN FRANCISCO – West Texas Intermediate crude swung between gains and losses after dropping the most in two weeks as gasoline and distillate inventories rose more...
WASHINGTON – Marathon Oil Corp. announced plans to become much more U.S.-centric, and the stock was rewarded Wednesday. Marathon also increased its share buyback program by...
NEW YORK – Oil futures declined Wednesday as traders were cautious ahead of a closely-watched inventory report expected to show a second straight week of declining...
JOHANNESBURG – Sonangol EP, Angola’s state-owned oil company, will explore five onshore blocks and tender them for development if successful, according to a decree by President...
ABUJA – The Nigerian National Petroleum Corp. said it is not withholding $49.8 billion in oil revenue as alleged by the central bank. “The allegation is...
LONDON — Iran’s oil exports are already rebounding after an interim deal with the West but the Islamic Republic won’t flood markets even if international sanctions...
DUBAI – The Venezuelan ambassador to Tehran says his country supports Iran’s candidacy for the position of the Organization of Petroleum Exporting Countries (OPEC) secretary-general. Venezuelan...
…Says There’s a Campaign of Falsehood Against Her ABUJA – The N8 trillion fraud President Goodluck Jonathan in cohort with the Petroleum and Okonjo-Iweala is attempting...
