Wildcat Petroleum Bamboo Oil field to be called Wildcat field (VIDEO)

Oil prices rose on Tuesday with the Brent benchmark rising above $80 a barrel, supported by expectations that the OPEC+ producer group may deepen and extend output cuts due to concern over softer global demand. OPEC+, which combines

Oil futures nudged higher on Monday, extending gains on expectations of OPEC+ deepening supply cuts to shore up prices, which have fallen for four weeks on easing concern of Mid-East supply disruption brought about by the Israel-Hamas conflict.

The London ICE (InterContinental Exchange Futures) saw the Brent crude oil rose $0.19 to trade at $82.71, while the price of the Light crude oil at the NYMEX (New York Mercantile Exchange) increased $0.17 to stand at $78.43.

Oil prices edged up on Thursday as markets shrugged off deflationary indicators in China and looked for further clues on the status of demand from the world’s two biggest oil consumers. Brent crude futures rose 62 cents, or

Oil prices edged up on Monday after top exporters Saudi Arabia and Russia said they would stick to extra voluntary oil output cuts until the end of the year, keeping supply tight, while investors watched out for tougher

Oil gained 1% on Thursday to snap its three-day decline, as risk appetite returned to financial markets after the U.S. Federal Reserve kept benchmark interest rates on hold. Brent crude futures rose 82 cents, or 1%, to $85.45

Oil benchmark Brent held above $88 on Wednesday as concerns about war escalating in the Middle East offset demand worries stemming from gloomy economic prospects in Europe. Brent crude futures were up 11 cents to $88.18 a barrel

Oil prices extended gains on Friday and were on track to rise for a second week on heightened fears that the Israel-Gaza crisis may spread in the Middle East and disrupt supply from one of the world’s top-producing

Oil prices climbed about 2% to a two-week high on Wednesday on a bigger-than-expected U.S. storage draw and concerns about global supplies after Iran called for an oil embargo on Israel over the conflict in Gaza. Brent futures

The oil ministry has relocated to Port Sudan due to the on-going conflict in Sudan. The Sudanese oil sector has not been affected to any great extent. The amount of oil South Sudan ispumping through the Sudanese pipeline

Oil prices surged more than 2 percent on Monday as military clashes between Israel and the Palestinian group Hamas ignited fears of a wider conflict in the Middle East. Brent crude was up $2.28, or 2.7 percent, to

Oil prices stabilised on Tuesday, after falling to a three-week low in the previous session, on a stronger U.S. dollar, a darkening global macroeconomic outlook and mixed supply signals. Brent futures crept up 2 cents to $90.73 a