In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6 percent from 103.7 million barrels per day in 2024 to around 123 mbd in 2050.

When you click on “Accept all”, you consent to ads on this site being customized to a personal profile we or our advertising ...

India is close to discovering a Guyana-scale oil field in the Andaman sea, Minister of Petroleum & Natural Gas Hardeep Singh ...

India’s crude oil imports from the United States and Brazil witnessed the sharpest year-on-year growth in the first half of ...

Dangote Industries Limited says it expects its 650,000-barrel-per-day refinery to be fully supplied with crude oil from Nigerian producers by the end of 2025 -- a major step towards cutting dependence ...

West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $67.36 per barrel, up from Wednesday’s close at $67.32. Brent Oil Exchange Rate (Brent crude) ...

Dangote refinery will use only Nigerian crude by end-2025 as export contracts expire • In June, 53% of crude was locally sourced; past reliance on imports was due to supply issues • Shift aims to cut ...

NUPRC says oil sector is rebounding, with rig count rising from 8 in 2021 to 46, reflecting investor confidence ...

Dubai Senior officials from Saudi Arabia, the United Arab Emirates and Kuwait have defended the August production boost of 548,000 barrels per day, stating that global markets are absorbing the extra ...

U.S. President Donald Trump's signature budget bill slashed funding for refilling U.S. emergency oil reserves, violating his ...

Nigeria’s upstream oil and gas sector is experiencing a resurgence, with the country’s rig count rising by 48%, from 31 in ...