The Chairman of Heirs Energies, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s economic diversification and development.Speaking on Thursday in Abuja at Heirs ...

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 Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil production of 4 million barrels per day.

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 ...

President Trump's push for lower energy costs by increasing oil production may inadvertently raise prices, experts caution.

The discount for Mexican Maya crude, that country’s benchmark, is about $5 a barrel, EPRINC said. Putting those prices against import totals provides a total value in 2024 of $92 billion in Canadian ...

When markets close Wednesday, there will be just eight sessions left until March 4, the date when tariffs on Canada and Mexico are scheduled to take effect. Similarly, there are only 28 business days ...

The oil market is becoming increasingly numb to the array of changes that Donald Trump is trying to make now that he’s US President again.

Brazil has joined OPEC+ two years after the group extended an invitation, but its membership will not be binding with regard ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...

Brazil’s government on Tuesday approved joining OPEC+, a group of major oil-exporting nations, signaling the country’s ...