Oil stable on OPEC-led supply cuts, tighter U.S. market

Oil prices held steady on Thursday as U.S. crude inventories fell despite a rise in production, while outside the United States an OPEC-led supply...

Oil prices surge as OPEC’s compliance with cuts improves

Oil prices rose to near recent highs on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia...

Bitcoin blasts to new all-time high of $6,450

Bitcoin climbed to a new all-time high of $6,450 on Wednesday, boosted by bets the cryptocurrency could enter the financial mainstream after the world's...

Oil prices near two-year highs as supply cuts bite

Oil prices eased on Tuesday after a week of gains as the prospect of increasing U.S. exports dampened bullish sentiment that has driven Brent...

Brent oil holds above $60 on expected output cut extension

Brent oil held above $60 a barrel on Monday, near its highest since mid-2015, on expectations OPEC-led production cuts would be extended beyond March...

Oil market set to move from rebalancing to tightening: Kemp

The oil market is now well into a cyclical upswing and within the next year the narrative about "rebalancing" is likely to be replaced...

Oil up 1 pct, Brent hits $60 a barrel on support...

Oil prices rose more 1 percent on Friday on support among the world's top producers for extending a deal to cut output and as...

Oil prices inch lower on increases in U.S. crude inventories, production

Oil prices inched lower on Thursday, pressured by an unexpected increase in U.S. crude inventories and as oil output and exports from the United...

Oil eases but still near four-week highs after Saudi supply pledge

Oil steadied on Wednesday near a four-week high after top exporter Saudi Arabia said it was determined to end a supply glut that has...

Nigeria’s gasoline price cap hurting industry, costing economy

Nigeria must remove its gasoline price cap to prevent shortages, enable investment and keep the government from using valuable resources to import fuel, delegates...

Average price for petrol drops, kerosene increases – NBS

The average price paid by consumers for Premium Motor Spirit (petrol) dropped by 1.2 per cent year-on-year, the Nigeria Bureau of Statistics, NBS, has...

Crude oil market re-balancing in sight, says OPEC Secretary-General

OPEC Secretary-General Mohammad Barkindo said on Thursday there is no doubt that in the wake of efforts by global oil producers to curb production,...

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