Nigeria’s cost of producing crude oil has risen to about $40 per barrel, a report by the Nigerian Upstream Petroleum ...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has accused oil producers of diverting 500,000 barrels of crude oil daily. The crude oil alleged to have been diverted is ...

Crude oil futures rise as Saudi Aramco hikes prices for March delivery, impacting global market dynamics significantly.

Petrol marketers have made a strong accusation to the Nigerian oil-producing companies about the diversion of 500,000bpd of ...

The Organisation of the Petroleum Exporting Countries’ crude production dipped for a second consecutive month in January as a drop in exports from Nigeria and Iran affected crude outputs.

African Refinery Group (ARG), the LOT1 Concession and operator of several of NNPC’s downstream crude oil and refined petroleum products pipelines, storage depots, supply distribution facilities and ot ...

U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...

In cooperation with foreign partners, the EGPC is working to boost its daily production to 565,000 barrels, compared to 475,000 barrels per day at the close of the last fiscal year ...

India imported 1.67 million barrels per day (bpd) of crude oil from Russia—up 13 percent from December 2024—showed data from ...

The latest Energy Information Administration data showed U.S. commercial crude oil stocks jumped 8.7 million bbl for the week ended Friday. Gasoline inventories also jumped 2.2 million bbl, while ...

While President Donald Trump campaigned on a pledge to lower fuel prices for U.S. consumers with an edict of "drill, baby, ...

The U.S. Energy Information Administration reported Wednesday that commercial crude inventories climbed for a second week in a row, up 8.7 million barrels for the week that ended Jan. 31, according to ...