The government stopped publishing official output figures after November 2023, just weeks before its departure became effective in January 2024, but exports tell the story.

Global oil prices are signalling that the market is tipping into a protracted period of oversupply, but the huge disparity in forecasts for OPEC’s production will likely limit the selloff.

The Organization of the Petroleum Exporting Countries pointed to high debt levels in key economies and tariff uncertainty as areas of concern.

The national average gas price fell below $3 per gallon for the first time since December 2024. The drop is largely attributed to increased oil pro

OPEC maintains its bullish forecast for global oil demand growth in 2025 and 2026, driven by robust economic activity and increased demand from emerging markets.

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said Nigeria will demand a higher oil production quota at the next meeting of the Organisation of Petroleum Exporting Countries scheduled for November.

After enjoying lower gas prices for a while, Michigan is now witnessing a rise due to a fire at a Midwest refinery. Experts are hopeful that once the issue is resolved, prices will fall.

OPEC Secretary General Haitham Al Ghais states that significant investment in oil and gas is crucial as these resources will remain a large part of the global energy mix through 2050.

A report released by OPEC on Wednesday revealed that Iraq continued to be the organization’s second-largest oil producer during September.

Gas prices have fallen below $3 a gallon for the first time since President Donald Trump returned to the White House in January, according to the latest nationwide data.

Ignoring OPEC’s warning could affect the entire world. The clean energy shift requires urgent and massive investment in oil and gas.