Crude Production

Crude Production News

Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end
Business

Oil prices slip as wary traders eye upcoming OPEC Plus meeting, to discuss extending record production cuts beyond June-end

The price falls in oil come after front-month Brent and WTI prices posted their strongest monthly gains in years in May

Saudi-Mexican clash halts record oil output cut deal despite Donald Trump's mediation offer
Business

Saudi-Mexican clash halts record oil output cut deal despite Donald Trump's mediation offer

Mexico President Andres Manuel Lopez Obrador said on Friday Trump had offered to make extra US cuts on his behalf, an unusual offer by a president who has long railed against OPEC.

Nigerian militant group, Niger Delta Avengers' account, suspended by Twitter
News & Analysis

Nigerian militant group, Niger Delta Avengers' account, suspended by Twitter

Twitter on Monday suspended the account of Niger Delta Avengers, a militant group that has carried out a series of attacks on oil facilities in Nigeria in the last few months which pushed the country's crude production to 30-year lows.