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

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

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

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

While the illegal seizure of oil after hijacks may seem like the criminal exploits of a bygone age, the threat remains a ...

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.

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

Oil futures declined on Friday with expectations for a supply surplus next year, strength in the U.S. dollar, and continued ...

Inflation has helped push the oil giant’s hydrocarbons spending to a record level, reported Statistics Norway.

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

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 ...

An economist, Bismark Rewane, has faulted the $75 per barrel crude oil price benchmark for Nigeria’s N47.9 trillion 2025 ...