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.

Crude oil futures drop as US inventories rise, impacting prices; natural gas, castorseed, and cottonseed futures also ...

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

On Monday, the Whitehouse announced its pausing tariffs on Canada for 30 days, but tariffs are not off the table. This ...

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 ...

Cushing inventories—the benchmark crude stored and traded at the key delivery point for U.S. futures contracts in Cushing, Oklahoma—rose by 110,000 barrels, according to API data, after sinking by 144 ...

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 ...

Marathon Petroleum saw revenue and earnings fall year over year in Q4, leading to a significant profit decline.