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Angola’s departure from OPEC exposes the tensions with the oil cartel as it seeks to cut output to maintain prices just as the United...
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Business
Angola said on Thursday it would leave OPEC over a disagreement on production quotas following the oil cartel’s decision last month to further slash...
World
Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and...
World
Slowing demand growth and rising US crude production will make it more difficult for OPEC+ to continue to prop up prices, the IEA said...
Business
BP on Wednesday denied its former chief executive of more than £32-million ($40-million) payout because of his failure to disclose past personal relationships with...
Business
Nigeria’s huge oil refinery built by Africa’s richest man Aliko Dangote received its first crude deliveries, the company said on Saturday, in the latest...
World
Once operational, the distillation column alone will be responsible for the production of 30,000 barrels of oil per day.
World
Guyana and Venezuela agreed Wednesday to “keep the communication channels open” in a fast-worsening feud over a disputed, oil-rich region as Brazil reinforced troops...
Business
Saudi Arabia’s energy minister has slammed the door shut on agreeing to phase out fossil fuels at the UN’s COP28 climate talks, setting the...
World
Fifty oil and gas companies representing 40 percent of global production pledged to decarbonise their operations by 2050 at the UN’s COP28 climate talks...