By Charles Ellinas The US Energy Information Administration has just published new forecasts for oil production, consumption and prices to the end of...

Oil prices declined following President Trump's statement about convincing Saudi Arabia and OPEC to reduce crude costs. WTI futures dropped below $75...

TRIPOLI, Jan. 22 (Xinhua) -- Libya's daily oil output has topped 1.43 million barrels, the state-run National Oil Corporation (NOC) said on Wednesday,...

HOUSTON, Jan. 23 (Xinhua) -- U.S. crude oil production averaged 13.477 million barrels per day (b/d) during the week ending Jan. 17, down by 4,000 b/d...

 The Dangote Petroleum Refinery is awaiting up to 12 million barrels of crude oil from the United States.The refinery resorted to crude importation...

West Texas Intermediate (WTI) halted its six-day losing streak, trading around $74.40 a barrel during Asian hours on Friday. Crude oil prices are on...

Arvinder Singh Sahney, chairman of IndianOil, expressed confidence that US sanctions on Russian oil exports will not affect India's crude supply due...

  There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and sell refined products...

Libya needs between $3 billion and $4 billion to reach an oil production rate of 1.6 million barrels per day (bpd), the acting oil and gas minister,...

US weekly ethanol production fell by 84,000 barrels per day to 1.015 million bpd in the week to Friday January 24, according to data published by the...