The Organisation of the Petroleum Exporting Countries (OPEC) failed to reach a consensus on oil output strategy leaving oil prices at about $50.19 per barrel on Friday. Oil prices dropped
Tag "Iran"
The Saudi Arabian authorities have banned Iran’s Mahan Air from using its airports and air space. The country’s general authority of civil aviation issued the order in a statement issued
Nigeria, alongside Iraq and the United Arab Emirates, is responsible for the rise seen in oil prices, the International Energy Agency (IEA) has said. In its latest Oil Market Report (OMR)
Nigerian crude oil, bonny light, is currently trading at an all-year high of $35.76 per barrel, the Central Bank of Nigeria (CBN) has confirmed. Bonny light, which opened the year
Oil production has declined in Nigeria as Royal Dutch Shell’s Nigerian venture suspended the flow of Forcados crude to the
Ali al-Naimi, Saudi Arabia’s oil minister, says cutting production levels does not make sense, while Iran insists that freezing output
The Islamic Republic of Iran says the Organisation of Petroleum Exporting Countries (OPEC) is illogical with its request for Iran to
From all indications, oil-dependent economies are heading for a recession with the return of Iran to the global market, as
The Organisation of Petroleum Exporting Countries (OPEC) basket price for oil took a deep dive on Thursday as the commodity
There is a growing list of countries cutting diplomatic ties with Iran over the country’s retaliation on the execution of Shi’ia
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