OPEC

Oil markets remained jittery Tuesday as a long-awaited meeting between OPEC and non-OPEC producers neared and several key participants expressed doubts about a…

Saudi Aramco’s Ras al Khair shipbuilding and repair complex will carry an estimated price tag of more than USD 5 billion, Minister of Energy, Industry and Mines…

Iraq will work with OPEC on ways to combat the global oil supply glut and ensure the stability of prices, the country’s prime minister, Haider Al Abadi, said on…

Oil prices hit a several-week high on Monday after comments by Iran, Iraq and Russia suggested that a deal between OPEC and non-OPEC producers was likely to be reached…

A jump in crude oil inventories weighed on prices early on Thursday, as both Brent and WTI futures dipped.

Brent futures were going for USD 46.47 barrel while WTI…

Saudi Arabia is going to publish independently audited oil reserves figures in an effort to ensure the transparency of Saudi Aramco’s initial public offering,…

Crude futures inched up in early trading on Monday, with Brent reaching USD 44.78 per barrel while WTI prices arrived at USD 43.38 per barrel.

Traders were…

OPEC’s oil production jumped in October, the organisation reported on Friday, projecting a higher-than-expected surplus next year and sending jitters through oil…

Nigeria’s oil production has nearly recovered after a series of attacks earlier this year slashed it by about a third, Minister of State for Petroleum Emmanuel Ibe…