The Nigerian National Petroleum Company Limited (NNPC) has lowered its petrol prices in Abuja by N35 from N945 per litre ...

Oil futures are higher as the market takes a sanguine view of the OPEC+ decision to raise its output target by 548,000 barrels a day in August, equivalent to four monthly increments. “The quick and ...

Russia’s oil data show crude output was below its OPEC+ target in June, according to people familiar with the figures.

Nigeria has lost crude oil worth about $25.7 billion (₦39.3 trillion) to theft, worsening poverty, reducing government income, and increasing public debt, which now stands at ₦149.4 trillion.Data from ...

As the 900-mile East African Crude Oil Pipeline project takes shape in Uganda, there is the promise of economic benefit. But ...

Despite concerns over excess supply, oil prices overturned declines from earlier in Monday’s session, as downside risks appeared contained.

OPEC+ to Increase Output by 548,000 Barrels a Day in August. What it Means for Oil Markets. Crude futures settled lower. The market was restrained by the widely held view that OPEC+ will agree to ...

Canada is moving closer to approving a new oil pipeline from Alberta to the Pacific coast, with strong backing from the ...

Fuel oil imports into the refinery hub on the U.S. Gulf Coast hit a record low in June as tighter global supplies prompted refiners to run more heavy, sour crude.

OPEC leader Saudi Arabia is aiming to regain market share amid US shale competition and slow Chinese demand. Oil prices could ...

Ecuador suspended crude exports on tankers after storms halted operations involving two key pipelines. State oil company ...

Asian shares are mostly down as the Trump administration steps up pressure on trading partners to quickly make new deals ...