The oil market is absorbing additional crude supplies from Opec+ without creating excess inventories, underscoring robust ...

Crude oil futures firmed up gains for the week on prospects of potential US sanctions on Russian oil and reports that OPEC+ is considering a pause in production increases after August.

The Nigerian National Petroleum Company Limited (NNPCL) has set 2028 as the target year for its listing on the stock ...

Bayo Ojulari, Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), has announced the ...

According to the IEA, the global oil market could be under more pressure than anticipated, even though official figures point ...

Oil futures posted gains for a second straight week as the market shrugged off higher OPEC+ production plans, a second large weekly build in U.S. crude oil stocks and the return of U.S. tariff wars to ...

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 ...

Conflicting supply/demand market signals this week had oil prices gyrating daily. The second-consecutive weekly inventory ...

Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by ...

Saudi Arabia's energy ministry said on Friday the kingdom had been fully compliant with its voluntary OPEC+ output target, ...

Saudi Arabia’s energy ministry stated that the kingdom remained fully compliant with its voluntary OPEC+ production target in ...

WTI Crude Oil trades near $67.00 as price consolidates in a well-defined range. EIA cuts 2025 US production outlook, ...