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Oil Price - Nigeria Eyes 1.7 Billion Barrels in New Oil Supply
Nigeria has approved 43 new oil and gas field development plans worth $20 billion, aiming to boost output and reverse years of decline caused by theft and vandalism.
Saudi crude oil price cut is just enough to stay competitive
The decision by Saudi Aramco to cut the price of its crude oil for Asian refiners for December cargoes has been viewed as a move to build market share amid concerns of looming global oversupply.
A New Oil Price War Is Now Underway
OPEC+’s surprise output increase signals a strategic shift from price defense to market-share dominance, reigniting the power struggle with U.S. shale and testing the balance of global oil economics.
Crude Oil Price Outlook – Crude Oil Drifting in Early Monday Trading
Crude oil markets turned slightly positive on Monday but struggled to hold gains. Both WTI and Brent face strong resistance near key moving averages, suggesting short-term rallies remain selling ...
Trump’s oil price sweet spot is ‘no man’s land’ for everyone else
Oil prices have oscillated in a relatively narrow range of $60 to $70 a barrel in recent months, reflecting both warnings over rising oil supplies as well as concerns about trade wars and geopolitical ...