Oil prices are likely to be constrained near $70 a barrel in 2025 as weak demand from China and rising global supplies are expected to cast a shadow...

Oil prices were little changed on Thursday as investors weighed firm winter fuel demand expectations against large US fuel inventories and...

US weekly ethanol production increased by 4,000 barrels per day to 1.107 million bpd in the week to Friday December 20, according to data published by...

West Texas Intermediate extends its gains for the third successive day, trading around $71.40 per barrel during the Asian session on Tuesday. Crude...

U.S. crude stocks fell while gasoline and distillate inventories rose in the week ending December 27, the Energy Information Administration […]

VIENNA: OPEC+ has announced that it will extend its voluntary oil output cuts of 2.2 million barrels per day (bpd) into the first quarter of 2025,...

Oil prices fell around 3% in 2024, slipping for a second straight year, as the post-pandemic demand recovery stalled, China's economy struggled, and...

The Dangote Petroleum Refinery took 13% of Nigeria’s crude oil exports in 2024, thereby raising domestic supply by 11% from the 2% recorded in 2023....

The price of Azerbaijan’s Azeri LT CIF oil in the world market increased by $0.15, or 0.19%, to $79.63 per barrel, Report informs. March...

Naija247news reports that the Organization of Petroleum Exporting Countries (OPEC) is facing a significant erosion of its influence on global oil...