Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally ...

Independent Petroleum Marketers Association of Nigeria (IPMAN) said its members now patronise Dangote Refinery following the ...

The petition argues that the allocations violate the provisions of the Petroleum Industry Act (PIA) and the 1999 Constitution ...

The Organization of the Petroleum Exporting Countries (OPEC) has forecast global oil demand growth rate at 1.4 million ...

The Organisation of the Petroleum Exporting Countries, OPEC, has said that the production of petroleum products, including ...

LONDON (Reuters) -BP will cut over 5% of its global workforce, it said on Thursday, as part of CEO Murray Auchincloss' ...

China's oil imports decline for the first time in two decades. Electric vehicles and LNG reshape China's energy consumption ...

Spot prices for Middle East crude hit their highest level in over two years due to strong demand from China and India. The ...

West Texas Intermediate (WTI) Oil price retreats after reaching six-month highs, gaining more than 3%, in the previous ...

Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al-Thani confirms cease-fire agreement during press ...