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 ...

Fuel import prices were notably higher by 1.5% on month as global oil prices increased amid tensions in the Middle East. Prices of other imported goods also rose, albeit less strongly.

The closures highlight the struggles of the Russian refining industry, which has been caught in the crosshairs of Ukrainian ...

In a welcome relief to Ghanaian motorists, fuel prices are expected to decrease starting tomorrow, November 16, 2024.

The Zacks Oil and Gas - Exploration and Production - Canadian industry faces mixed dynamics. Weaker Chinese consumption, a critical factor in global oil pricing, has prompted OPEC+ production cuts. If ...

Oil prices are set to end the week lower than they started as expectations of weaker global economic growth fuel expectations ...

At least three Russian refineries had to halt processing or cut runs due to heavy losses amid export curbs, rising crude prices and high borrowing costs, according to five industry sources.

The October consumer price index shows that low oil and gasoline prices due to geopolitical pressures have kept inflation in ...

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

Being a low-lying delta, we are highly susceptible to sea-level rise, which is causing coastal erosion, displacement of ...

A volatile rand and weak demand for oil are lining South African motorists up for a chaotic drive to the finish for fuel ...

Meanwhile, gasoline stocks fell by 4.4 million barrels last week to the lowest since November 2022, the EIA said, compared with analysts' expectations in a Reuters poll for a 600,000-barrel build.