A warning of potential supply constraints in oil production, impacting prices and investments despite institutional forecasts ...

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while ...

Oil prices will be under pressure over the next two years as global production growth outpaces demand, the U.S. Energy ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

U.S. oil production is poised to set a larger record this year than prior estimates, the U.S. Energy Information ...

With the 2025 national budget targeting crude oil production of 2.062 million barrels per day (bpd) at $75 per barrel, the ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally ...

Oil prices are expected to face downward pressures over the next 2 years due to global oil production outpacing demand, ...

The NUPRC said Nigeria’s current production was averaging 1.7 million barrels, leaving a deficit of about 350,000 barrels to ...

The increase in crude oil production in Abia State, has been attributed to the engagement of a local security firm in the ...

World oil production decreased by 1,014 kb/d in September to 80,795 kb/d. The largest decreases came from Libya, 350 kb/d, ...

Production cost is one of the critical variables that fundamental analysts use to project the path of least resistance for market prices. In the crude oil market, output costs vary according to ...