The Lagos Chamber of Commerce and Industry has called on the Federal Government to boost crude oil refining and petrol export to meet its inflation reduction target and strengthen the naira.President ...

London-based pools company Tankers International has revealed a growth of Middle East Gulf crude shipments on sanctioned VLCCs. But the company believes this trend could reverse if the US ramps up ...

Trump’s promotion of fossil fuel-driven growth poses significant challenges, but there are mitigating factors as well.

As has been widely reported, the U.S. policy of “maximum pressure” towards Iran has returned. On February 4, 2025, the Trump administration ...

Once a relatively rare presence in the US oil industry, firms overseeing the assets of ultra-rich families — including the ...

At 427.9 million barrels, U.S. crude oil inventories are about four percent below the five year average for this time of year ...

Oil prices declined on Thursday amid growing optimism about a potential peace deal for Ukraine, which could lead to increased ...

Oil prices fell as Trump initiated peace talks between Russia and Ukraine, combined with rising U.S. crude stockpiles and Fed ...

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

Russia's Volgograd oil refinery, which had halted operations following a Ukrainian drone attack on February 3, has partially resumed processing.

The American Petroleum Institute, an industry trade group, reported late Tuesday that U.S. crude inventories rose 9.04 million barrels last week, according to a source citing the data, while gasoline ...