Crude oil closed at the lowest settlement price this year, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.

The Chairman of Heirs Energies, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s ...

Oil futures fell, giving up gains of previous sessions that were fueled by near-term supply concerns and expectations that OPEC+ may put off returning barrels to the market in April as planned.

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil ...

ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its interests in the Ursa and Europa ...

The U.S. has pressured Iraq to restart Kurdish oil exports via Turkey--and that pressure appears to be successful.

Washington is pressuring Baghdad to allow Kurdish oil exports to restart or face sanctions, as the US works to isolate Iran ...

Months before COP30, Brazil's president Lula da Silva seeks the expedited approval of a controversial oil drilling project in ...

Flows of crude oil through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey could restart soon ...

Heineken Lokpobiri says Nigeria’s oil production has increased from about 1 million (bpd) to 1.8 million bpd since he took ...

The U.S. Energy Information Administration (EIA) released its weekly report on Thursday for the week ending February 14. The ...