The IEA forecasts a major oil supply glut in 2025, and even if OPEC+ continues to limit production, it won't be enough to ...

Global oil production is forecast to increase by 1.6 million b/d in 2025, and almost 90% of that growth will come from ...

OPEC's crude oil production increased in November, primarily due to higher output from Libya and Iran, despite the OPEC+ ...

By bne North Africa bureau The declaration of force majeure at Libya’s Zawiya Refinery by Libya’s National Oil Corporation ...

The U.S. oil industry broke another production record this year, averaging 13.4 million barrels per day (b/d) of crude oil in ...

MoPNG supports allocating OID cess to ONGC and OIL for E&P activities, enhancing exploration and production capabilities.

Methane emissions from the largest oil- and natural gas-producing basins fell 44% between 2011 and 2013, according to newly ...

The Federal Government has declared that Nigeria’s oil production, including condensates, increased by 9.9 percent to 1.69 million barrels per day in November 2024, up from 1.538mbpd recorded in ...

Oriental Energy Resources Limited has unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost Nigeria’s oil production ...

Nigeria's oil production has recovered significantly in recent months, reaching a 2024 high of 1.7 million bpd in November, ...

Nigeria’s crude oil production in November has reached 1.485 million bpd, nearly meeting OPEC’s target of 1.5 million bpd.

Oil markets are expected to remain oversupplied next year despite OPEC+ production cuts, the International Energy Agency (IEA ...