A decision by major oil producers this weekend could pull prices for crude down to their lowest levels since 2021, with ...

U.S. crude oil output rose to a monthly record high in March, while demand for oil products declined to the lowest in a year, ...

Petroleum minister Hardeep Singh Puri on Friday said oil prices will be around $65 per barrel as ample supplies are available ...

Petroleum prices, however, are being helped by a weaker dollar, which remains near a 52-week low against a basket of foreign currencies on the U.S. Dollar Exchange. A weaker U.S. currency makes dollar ...

U.S. crude oil production surged to an all-time high in March, reaching 13.488 million barrels per day, according to newly ...

The industry is bracing for the OPEC Plus oil cartel’s meeting on Saturday, which is widely expected to further increase oil ...

Despite some bullish signals this week, the expectation that the OPEC+ group will increase output again in July dominated the ...

Nigeria’s oil and gas sector has recorded modest achievements against long-standing challenges. The Federal Government, ...

Oil prices were mixed in the early Asian session, but may be weighed by a larger-than-expected decline in U.S. crude inventories.

West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $60.41 per barrel, down ...

Crude oil prices declined by nearly 1.5% on Friday after President Donald Trump reignited trade tensions with China, saying ...

Efforts by the federal government to recommence crude oil production in Ogoniland with capacity for 200,000 barrels per day ...