This move aims to compensate for pumping above agreed levels, with monthly reductions ranging from 189,000bpd to 435,000bpd.

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Investors are responding to opportunities in Africa’s oil and gas sector with optimism and caution, influenced by a variety ...

Compensations until July 2026 will total 4.203 mln barrels per day. Plans were presented by seven out of eight OPEC+ countries that followed voluntary adjustments, specifically Iraq, Kuwait, Saudi ...

OPEC+ on Thursday issued a new schedule for seven member nations to make further oil output cuts to compensate for pumping ...

The Dangote Petroleum Refinery has look again to another African country for crude oil after Algeria and Angola as it nears ...

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...

Africa's oil and gas sector is set to attract $43 billion in investments in 2025, with projections indicating a decade-high ...

Thursday's IEA report comes as Brent crude trades at $71 a barrel, while the U.S. oil gauge, West Texas Intermediate, is around $67 a barrel. Futures are pressured by growing concerns over the chaotic ...

A tanker controlled by Greek owner Enesel is importing the first Algerian crude for Nigeria's giant Dangote refinery. Oil ...

The Organization of the Petroleum Exporting Countries (OPEC) on Wednesday affirmed its growth outlook for oil demand and ...

It appears that Algeria is moving towards a review of its foreign policy with the United States, as evidenced by recent Algerian actions and statements that send messages to Washington ...