The Organisation of Petroleum Exporting Countries (OPEC) yesterday lowered the demand forecast for crude oil amid tumbling prices as Nigeria pumped 1.4 million barrels of oil per day in October. The ...

Signs point to stable to lower crude oil prices in 2025 because global production is expected to easily keep up with ...

While Africa currently exports around 5 million barrels of crude oil daily, it still imports nearly half of that in refined petroleum products. He highlighted this supply-demand imbalance as both a ...

Nigeria’s crude oil production grew 35,000 barrels per day in October, rising to about 1.085 million barrels for the month ...

The American Petroleum Institute industry group data is due at 4:30 p.m. EST (2130 GMT) on Wednesday. Analysts polled by ...

The Nigerian Upstream Petroleum Regulatory Authority has announced plans to capture up to 250 million cubic feet of gas ...

The KSE-100 index of Pakistan Stock Exchange (PSX) lost on Tuesday more than 400 points, weighed down by institutional profit ...

A major US oil industry lobbying group is pushing for President-elect Donald Trump and the Republican-controlled Congress to ...

The Energy Department announced the end of replenishing the nation's strategic oil reserves, which were depleted by nearly ...

Traders continued to weigh the impact of Republican Donald Trump's victory in the U.S. presidential election, with oil prices Tuesday off the session's highs after the Organization of the Petroleum ...

Oil and natural gas companies for the first time will have to pay a federal fee if they emit dangerous methane above certain ...

Oil futures rose Tuesday, bouncing after back-to-back losses that sent the U.S. benchmark back below the $70-a-barrel ...