Tradenewswire.net

OPEC says ample oil supply to persist in 2013 LONDON (Reuters) - OPEC trimmed its forecast for world oil demand growth in 2013 due to a slowing global economy and said it expected a trend for ample supply to persist, reinforcing its message that producers...

Quote of the Week “For a brief, brave moment this year there was a sense the worst was over for the oil sector. This week, that feeling evaporated.” Gregory Meyer, The Financial Times, July 17, 2015 Contents 1.  Oil and the Global Economy 2.  The...

While the price of oil has been declining, Nigerian government assumes rising oil price in its budget for 2015-2017. Is it misguided or valid? According to the government’s 2015-2017 budget frameworks, Nigeria’s oil production per day is expected to...

in case you haven't heard, the Army Corps of Engineers reneged on its commitment to conduct a thorough environmental review of the Dakota Access pipeline, approved the final easement needed to complete the pipeline, and granted the permit that will allow...

The Organisation of Petroleum Exporting Countries (OPEC) has revealed that Nigeria’s crude oil production has increased by 34,000 barrels per day (bpd) from the 1.865 million bpd in the month of August to 1.9 mbpd in September. According to OPEC in...