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 ...

The Nigerian National Petroleum Company Limited (NNPC) has debunked reports that it has ended petrol imports in Nigeria and ...

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 ...

Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a ...

The Company elected to participate in six non-operated wells in the D-J Basin with a working interest of approximately 28% in Q3 2024 with production impact anticipated in Q4 2024, and an additional ...

Oil prices closed slightly higher in choppy trading on Thursday, as a steep draw in US fuel stocks outweighed oversupply concerns and demand worries stemming from a stronger dollar.

Both United States and global oil production are set to rise to slightly larger record highs this year than prior forecasts, ...

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 prices closed slightly higher in choppy trading on Thursday (Nov 14), as a steep draw in US fuel stocks outweighed ...

Oil futures settled higher for a third session in a row on Thursday, but that wasn’t enough to shake off their losses for the week so far, with prices for ...

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