Tuesday, September 23, 2025
Oil rises on hopes for delay to OPEC+ supply increase- oil and gas 360

Oil rises on hopes for delay to OPEC+ supply increase

CNBC Oil prices firmed on Wednesday as hopes that producer group OPEC and its allies will delay a planned increase in oil output to offset a bigger than expected build in U.S. crude inventories. Brent crude futures rose 50 cents, or 1.14%, to $44.25 per barrel, while U.S. West Texas Intermediate crude gained 27 cents, or 0.65%, to trade at $41.70 per

Oil companies tighten Nigeria security as protests, job losses stoke tension- oil and gas 360

Oil companies tighten Nigeria security as protests, job losses stoke tension

Reuters PORT HARCOURT/LAGOS  – Oil companies have asked security services to tighten surveillance as violent anti-police brutality protests and the expected sacking of hundreds of workers worsen desperation in the region, industry sources told Reuters. Already unemployment is above 40% in Nigeria’s energy regions and observers say further job losses could aggravate problems of pipeline tapping, illegal oil refining and