If OPEC+ does decide to start the process of ramping up production in October, it will be largely offset by OPEC member Libya’s significant oil production losses that began this week.

In mid-August, one government’s ousting of the leadership of the central bank, custodian of the OPEC nation’s vast oil wealth, sparked a new standoff and an order by the rival government to halt crude ...

The US estimates global palm oil reserves are heading for the lowest level in three years, with the world’s second-largest grower — Malaysia — also facing supply issues due to old trees and ...

The US estimates global palm oil reserves are heading for the lowest level in three years, with the world’s second-largest grower — Malaysia — also facing supply issues due to old trees and a labor ...

HOUSTON (Reuters) -Oil prices settled 3% higher on Monday as production cuts in Libya added to supply concerns stemming from reports of escalating conflict in the Middle East. Brent crude futures ...

The North African country's eastern government has reportedly announced a halt to output and exports Much of the focus in the oil market has been on the Middle East for months - but on Monday ...

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets ...

The graphic includes a night-time photo of an oil tanker in flames. The Visayan-language Facebook post repeated the claim, and added that the Greek-owned oil tanker "remains afloat after being hit ...

The outlook for Indonesia’s palm oil harvest has dimmed as dry weather and aging trees crimp production in the world’s top grower, which will likely tighten global supply and keep prices elevated.

Libya’s eastern government said it will shut down crude output and exports, as a struggle with its Tripoli-based rival for control of the central bank and the nation’s oil riches threatens a ...

Lokpobiri, while speaking about the divestment of international oil companies and the need to ramp up production, emphasised that Nigeria also needs to repair its pipelines, which he said are old ...