Crude oil futures closed Friday at their lowest settlement price this year, with both WTI and Brent benchmarks tumbling more than $2/bbl, fueled by near-term supply concerns and expectations that ...

Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic ...

The Federal Government, through the Nigerian National Petroleum Company Limited, has achieved a 319.88 per cent increase in the production of Utapate Nigeria’s newly introduced low-sulphur crude oil ...

Nigeria’s aspiration to produce 2.5 million barrels of crude oil daily is achievable if a collaborative effort is forged ...

Indian refiners have cancelled orders for 100,000 metric tons of crude palm oil scheduled for delivery between March and June due to a surge in Malaysian prices and negative refining margins.

The US investment bank Goldman Sachs estimates the proportion of crude oil used for primary materials production to be 45 per cent. Because the crude oil industry has developed hardly at all in ...

Oil prices dropped by 2% on Friday but remained steady for the week as supply concerns in Russia and uncertainty about a ...

Oil prices fell on Friday but were still poised for a weekly gain on supply disruption in Russia while uncertainty looms over ...

In Brent crude oil’s instance, these reserves are under the seafloor, while WTI crude oil is extracted from reserves located under dry land. That’s the first component of oil prices — the extraction ...

SM Energy is projected to generate $883 million in free cash flow at 2025 strip prices. Read here for SM stock's Q4 results ...

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil ...

Guyana's average oil production fell to some 620,000 barrels per day in January from 656,000 bpd in December, the lowest ...