China's weak economy and record US production will lead to a surplus of one million barrels of oil a day next year, IEA says
Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...
What Do Diesel And Gasoline Tell Us About Oil Prices?
Weak oil demand has limited refinery intake of crude oil for processing into refined products. Read more here.
Crude Oil Prices13h
Exxon Hits 500 Million-Barrel Oil Milestone In Guyana
ExxonMobil announced on Wednesday it has reached 500M barrels of oil produced from Guyana's offshore Stabroek block ...
Crude oil heads to weekly loss as looming surplus depresses market
Crude oil futures were on pace Friday for loss for the week, as a supply gut and a strong dollar depresses the market. U.S.
Former Court Center bar owner to pay $277,000 after losing lawsuit
NORTH MYRTLE BEACH, S.C. (WBTW) — A tentative settlement has been reached in a young woman’s federal lawsuit against the city ...
The Punch Newspapers10h
Oil earnings may hit N6.9tn monthly as production rises
The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company ...
U.S. Crude Oil Stockpiles Rise More Than Expected
U.S. crude oil inventories rose 2.1 million barrels to 429.7 million barrels, surpassing analyst expectations for an increase ...
Oil heads for weekly loss as Chinese demand continues to underperform
Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its ...
Crude prices expected to stay weak around $75/bbl until Feb 2025 amid low demand, higher supply
Experts believe prices would remain bearish in the short term and might further collapse as the oil market witnesses rising ...
Upstream3h
'War room' success boosts Nigeria oil output, with 2 million bpd on radar
Nigeria is aiming to produce 2 million barrels per day of oil by the end of this year, as the revival of the West African ...
US gasoline inventories hit a two-year low amid surprise fuel drawdown, EIA says
U.S. gasoline inventories fell to their lowest levels in two years as fuel supplies drew down unexpectedly last week amid ...
Oil prices end higher to pare some of the week's losses
Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...