nigeria's oil output

Crude oil price extended gains toward $47 a barrel as Saudi Arabia promised deep cuts to crude exports next month to help ease a global glut. U.S. crude stockpiles probably fell for a fourth week through July 21, according to a Bloomberg survey data Wednesday. Oil remains in a bear market amid...

The Organisation of Petroleum Exporting Countries (OPEC) has called for an informal meeting which is scheduled to take place on the side lines of an International Energy Forum meeting in Algeria on September 26. On Monday, the U.S. West Texas Intermediate (WTI) crude futures settled at $43.02 a...

Oil prices dropped more than three per cent yesterday due to return of Nigerian and Canadian crude output from outages and as traders booked profits at the end of the best quarter in seven years. According to Reuters, the market soared more than 25 per cent in the second quarter, as part of an...