Forces from the regional Kurdish government have taken control of some oil wells in northern Kirkuk, Iraq's state-run North Oil Company said on Su...
The Nigerian Army on Thursday, said that soldiers on internal security operations in the Niger Delta have discovered and destroyed 49 illegal refineri...
The All Progressives Congress (APC) in Rivers State has accused Governor Nyesom Wike of encouraging illegal oil bunkering. The APC disclosed this i...
The price of lubricant, which is also called "engine oil", has jumped over 70 per cent this year due to the scarcity of base oil in the global market...
Oil prices traded higher on Monday morning to maintain a three-week-long bullish momentum. Brent the internationally traded benchmark cru...
Oil prices jumped on Monday, recovering from a seven-day losing streak due to a weaker dollar despite concerns about pandemic effects on demand. ...
Governor Aminu Bello Masari of Katsina State has advised his colleagues to look for alternative sources of revenue apart from oil. He gave the advi...
India, one of the world's largest importers of crude oil, has experienced a drop in oil imports by 7% to 3.9 million barrels per day (BP...
Oil prices rose on Tuesday, canceling most of the previous day's losses, as tight supply and expectations of a further drop in U.S. crude inv...
Oil prices edged up slightly on Monday as investors awaited crucial talks by OPEC+ following a disagreement over output within the group, causing...
A member of the House of Representatives, Mr. Dennis Idahosa, has said that the passage of the Petroleum Industry Bill (PIB) will engender global comp...
Oil prices rose on Wednesday, extending the previous day's small gains after an industry report showed U.S. crude stockpiles fell last week. ...
The coming week looks promising for the black gold markets, as investors are already bullish on the optimism of rising global demand. Although worr...
Oil prices extended gains on Wednesday after industry data indicated U.S. crude stocks fell much more than expected last week, reinforcing bullis...
Oil edged higher on Thursday after closing at a six-week high as signs of strengthening demand in key markets conquered fears that surging coronavirus...