With global oil demand at 104 million barrels per day and supply at 105.2 million, the market is now oversupplied by over one ...

Bayo Ojulari, the group chief executive officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, says the ...

The Central Bank of Kenya (CBK) has revealed that global oil prices have risen ahead of the Energy and Petroleum Regulatory ...

While US President Donald Trump’s chaotic tariff strategy has disrupted the oil market for months, his renewed attacks on trading partners this week have solidified consensus on at least one matter: ...

Sen. Heineken Lokpobiri, has called on the international community, particularly the Global North, to recognise Africa as a ...

There are no comparative figures from previous years because PDVSA has not published its results since 2016, and it did not ...

Saudi Arabia is asking the companies that OPEC uses for independent analysis of oil-production levels to submit a lower figure for the kingdom’s June output, according to people familiar with the ...

Brent crude futures settled up $1.72, or 2.5 per cent, at $70.36 a barrel. US West Texas Intermediate crude gained $1.88, or ...

The potential sale of the refineries comes amid growing criticism of NNPC’s past spending. Although the facilities did not undergo full Turnaround Maintenance (TAM) in recent years, the National ...

The Organisation of the Petroleum Exporting Countries (OPEC) warns that the oil sector will need $10.6tn in new investments by 2040—and up to $18.2tn by 2050—to meet rising global demand and maintain ...

US stocks retreated Friday after President Trump threatened Canada with a 35% tariff on its imports to the US and floated ...