The successive price adjustments aim to lower the cost at which fuel marketers procure petrol, potentially reducing retail pump prices and alleviating economic pressures on Nigerian consumers amid ...

NEW YORK] Oil prices edged up to a two-week high on Tuesday on forecasts for less US oil production, renewed Houthi attacks ...

Despite the recent rise in crude oil prices, which pushed both Brent and West Texas Intermediate (WTI) crude to their highest ...

The American Petroleum Institute reportedly shows a surprise build of 7.1M barrels of oil in U.S. commercial stockpiles for the week ending July 4.

Here’s why oil prices are climbing to their highest levels in two weeks, despite a group of oil producers agreeing to open ...

The Dangote oil refinery has reduced the price of petrol from N840 to N820 per litre, marking the second price cut within a ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose sharply this week, ...

This unexpected surge in crude inventories suggests a weaker demand for oil, a situation that is bearish for crude prices. The API’s inventory levels of US crude oil, gasoline, and distillates stocks ...

Dangote Petroleum Refinery has reduced its ex-depot price of premium motor spirit (PMS), commonly known as petrol, from N840 ...

Nigeria’s crude oil production is set to receive a modest boost as indigenous oil firm Petralon Energy prepares to add 2,500 barrels ...

The weekly rig count from Baker Hughes drops by seven oil rigs and one gas rig to the lowest U.S. tally in nearly four years. The breakout for horizontal drilling is down a whopping sixteen rigs.

The latest U.S. sanctions on Iran come as members of the Organization of the Petroleum Exporting Countries and its allies, together known as OPEC+, agreed over the weekend to lift oil production by ...