In December, the OPEC Reference Basket (ORB) rose by nine cents, or 0.1 percent, m-o-m, to average USD 73.07/b, according to OPEC Monthly Oil Market Report January 2025 ...

The OPEC basket crude oil prices advanced on a monthly basis in November and December 2024, after declining three times in ...

Brent crude futures rose $1.20 to $80.96 a barrel by 1022 GMT, while U.S. West Texas Intermediate crude was up $1.30 at ...

A shareholder of the Caspian Pipeline Consortium (CPC), which exports Kazakhstan's oil via the Black Sea, estimates that the ...

However, copious oil supplies amid growing global output and slowing Chinese oil consumption will put India in a better ...

Countries like the UAE and Oman are developing local oil exchanges to push for more influence on global oil markets.

Oil prices eased about 1% in volatile trade on Monday following some weak economic news from the U.S. and Germany. Earlier in ...

Oil prices hovered at their highest since October on Monday as investors eyed the impact on global fuel demand from colder ...

The price of OPEC basket of thirteen crudes stood at US$86.20 a barrel on Tuesday, compared with US$84.18 the previous day, according to OPEC Secretariat calculations.The OPEC Ref ...

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Similar price drops were reported for other crude benchmarks, including Brent and the OPEC Reference Basket. Despite the setbacks in the oil sector, Nigeria’s economy grew by 3.46% in Q3 2024 ...