OPEC+ controls over 50 percent of the global supply of crude. That gives it tremendous sway over oil prices, which the cartel can influence by boosting or cutting…
by Staff WriterOil prices rose by more than one percent on Monday after top exporter Saudi Arabia announced a December supply cut, a measure likely aimed at halting a market…
by Staff WriterMinister of energy Jeff Radebe says they will be engaging with OPEC to look at ways and options to address the escalating global oil prices.
by Staff WriterOPEC and Russia’s efforts to curb oil output, combined with forecasts for strong global demand growth, are expected to keep crude prices close to $60 a barrel in…
by Staff WriterNigeria has been on a gasoline buying spree after fuel queues built up at filling stations this month, even as the government sought to reassure drivers that there…
by Staff WriterST PETERSBURG, Russia - OPEC moved on Monday to cap Nigerian oil output and called on several members to boost compliance with production cuts to help clear excessive…
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