Crude futures settled lower as the market awaits the outcome of Saturday's OPEC+ meeting where the group is expected to decide on another large unwind of voluntary output cuts for July. A cadre of ...

A high-level discussion between representatives of the Abu Dhabi National Oil Company (ADNOC) and a Sri Lankan delegation was ...

One of the wrecks by soil spillage in OgonilandPORT HARCOURT – Crude oil exploration in Ogoniland will resume soon as Pipeline Infrastructure Nigeria Limited (PINL) on Thursday brokered a peace deal ...

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

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

The U.S. Energy Information Administration reported in its Petroleum Supply Monthly Report on Friday that U.S. crude output ...

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

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 ...

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

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, ...

Oil prices extended losses on Friday, poised for a second consecutive weekly decline amid growing expectations of an OPEC+ ...

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