OPEC

North African OPEC member Algeria has raised output by at least 75,000 over the past few months, with the country targeting major production increases until 2020,…

The global glut shows little signs of easing, the International Energy Agency (IEA) signalled in its report on Wednesday, pointing to the increase in floating storage…

Kuwaiti acting Oil Minister and Deputy Prime Minister Anas Al Saleh on Tuesday reiterated the government’s plans to sell minority stakes in local oil and gas…

June 30, 2016 marked the re-entry of Gabon into OPEC. Recent and ongoing discussions between Abdalla Salem El Badri, OPEC’s acting secretary-general, and Gabonese…

OPEC produced a record volume of crude in June, a survey released late on Thursday found, as the combined output from the countries gathered under the organisation’s…

ExxonMobil’s 2009 bid that secured it oil rights to some of Nigeria’s most prolific fields is under investigation, the Guardian newspaper reported on Friday.…

Behrouz Beik Alizadeh, senior oil market analyst at the Iranian Ministry of Petroleum, has been named Iran’s new representative at OPEC, industry information…

The Nigerian government has reached a one-month truce with Niger Delta militants, including the Niger Delta Avengers, an official from the Ministry of Petroleum…

Crude futures hit a three-week low on Wednesday, continuing a downward trend for the fifth day in a row. Analysts pointed to fears over the UK leaving the EU and…