The Federal Government is considering adding a fresh liability of $2.2 billion to the existing debt overhang as part of its plans to fund ...

China's oil refiners in October processed 4.6% less crude than a year earlier, falling year-on-year for a seventh month, amid the closures of some plants and reduced operating rates at smaller ...

The volume of Premium Motor Spirit (petrol) imported into Nigeria surged in October, a report by the Organisation of the ...

A supply glut tends to reduce prices, which could prove challenging for President-elect Trump’s plan to boost U.S. oil ...

Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Nigeria has cranked up its oil production to a respectable 1.8 million barrels per day, and now claims it could hit 2 million bpd of production by year's end ...

The Organisation of Petroleum Exporting Countries (OPEC) has said that Nigeria's crude oil production for October 2024 stood ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, the ...

The International Energy Agency (IEA) on Thursday raised its projection for 2024 oil demand growth but trimmed its forecast ...

The Paris-based organization forecasts global demand to grow by 921,000 barrels a day in 2024 from 862,000 barrels a day previously, largely due to stronger-than-expected gasoil deliveries in OECD ...

Marco Rubio has been selected by Trump for secretary of state. Rubio has long pushed for tougher US policy on Iran and China, ...

The Nymex December RBOB contract was 0.65ct lower at $1.9565/gal and the January contract was off by 0.75ct at $1.9285/gal. The December ULSD contract was down by 0.8ct at $2.2025/gal and January ULSD ...