Oil prices edged lower on Friday, heading for a weekly loss, as investors digested waning Chinese demand and a possible ...

Weak oil demand has limited refinery intake of crude oil for processing into refined products. Read more here.

Oil prices have fallen against a backdrop of a “looming surplus, even as the U.S. appears headed for a soft landing,” said Michael Lynch, president of Strategic Energy & Economic Research. He pointed ...

The U.S. Energy Information Administration lowered its Brent spot average price forecast for next year in its latest short ...

QatarEnergy sharply cut the term price for al-Shaheen crude oil loading in January, trade sources said on Friday, in line with a recent fall in Middle East spot premiums.

Experts believe prices would remain bearish in the short term and might further collapse as the oil market witnesses rising ...

ExxonMobil announced on Wednesday it has reached 500M barrels of oil produced from Guyana's offshore Stabroek block ...

Reports from IEA and EIA highlight rising global oil production and possibility of oversupply, alleviating market concerns - ...

Oil prices fell on Friday on signs demand in China, the world's biggest crude importer, continues to underperform amid its ...

Oil prices have fallen against a backdrop of a "looming surplus, even as the U.S. appears headed for a soft landing," said Michael Lynch, president of Strategic Energy & Economic Research.

The Federal Government is set to earn about N6.99tn monthly from the oil sector as the Nigerian National Petroleum Company ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...