Crude oil futures climbed to a two-week high, as concerns over sanctions on Russian and Iranian oil supplies and rising ...

Globally, the average price of gasoline around the world is 1.25 U.S. Dollars (1941.46 Naira) per litre, with a substantial ...

The 10 percent tariff the president said he might impose in March could cause U.S. refineries to cut production and lead to ...

OPEC has rejected U.S. calls for increased oil production, stating that the cartel's decisions are based on market fundamentals and not political considerations.

U.S. President Donald Trump will restore his "maximum pressure" campaign on Iran and drive its oil exports to zero, a U.S.

Neither OPEC nor US shale firms appear willing to increase oil supply, despite President Trump's pledge to bring down energy ...

Oil prices edged up on Thursday, held in check by threatened U.S. tariffs on Canadian and Mexican crude imports that could ...

One chart shows why US gas prices could spike under Trump's tariff plans.

Nigeria’s cost of producing crude oil has risen to about $40 per barrel, a report by the Nigerian Upstream Petroleum Regulatory Commission has said. This is 300 per cent higher than the cost of ...