OPEC strategy still a winner for members despite oil slump

2019-01-06 08:31

Crude prices in London have sunk back to the same range when the OPEC began production cuts in early 2017

Ghana could be Africa's number four oil producer by 2020 -report

2016-09-22 10:12

Ghana could become the fourth biggest oil producer in sub-Saharan Africa by 2020 once two new offshore fields come on stream, to push total output above 240 000 barrels per day.

Oil drops $2 to five-year low

2014-12-08 17:35

Brent crude oil has fallen more than $2 a barrel to a new five-year low on predictions that oversupply will keep building until next year.


OPEC raises forecast based on US oil production

2018-09-25 08:28

The OPEC oil cartel raised its global production forecast based on higher-than-predicted US output in a report outlining a long-term rise in net demand, particularly in developing countries.

Oil up as Kuwait revives hope for output freeze deal

2016-04-06 07:33

Oil prices have climbed after Kuwait said an agreement to freeze output during a producers' meeting this month could still be reached despite conflicting statements.

Saudis may face tighter budget

2014-12-02 18:50

Plunging oil prices may mean the first budget cuts for major exporter Saudi Arabia in years, but they are not expected to be large enough to stop growth.

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