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.

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 ...

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

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

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.

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

Commodities including crude have struggled this week as a gauge of the dollar rallied to the highest in two years, powering ...

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