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Strong draw in Crude inventories lifts Oil prices

A day after API contributed to WTI’s reaching its highest price level since 2015 with an estimated 5-million-barrel draw in crude oil inventories, the...

Oil prices to rise as OPEC extends cuts to Dec, 2018

Oil prices is expected to rise further as the Organisation of Petroleum Exporting Countries (OPEC) and non-OPEC talks ended with an agreement to extend...

Extension of oil production cuts threatens Nigeria’s budget

Thursday’s OPEC decision in Vienna means that Nigeria would no longer be able to increase oil revenue in 2018 by increasing output, even if...