Russia appears to be on the cusp of a debilitating oil-freight transportation problem because of US sanctions, writes ...

If demand rises with greater strength than expected in 2025, the oil price rally could be even more significant.

Oil edged higher in early Asian trade after falling overnight, but may continue to be weighed by rising U.S. stockpiles and trade uncertainty.

Mexican state-owned oil firm Pemex is set to have a wider berth to operate jointly with private companies under a bill sent to Congress on Wednesday, loosening restrictions implemented by the previous ...

Iran's President Masoud Pezeshkian has urged OPEC members to unite against possible U.S. sanctions after U.S. President ...

OPEC decided ... to stick with its plan - to lift production by 120,000 barrels per day every month for 18 months starting ...

Colombian president Gustavo Petro has ordered the state-run oil company Ecopetrol to cancel a joint venture with U.S.

YENAGOA – The Organisation of Oil Exporting Countries (OPEC) has commended Nigeria and other member-countries over their conformity with the crude oil production quota for November and December 2024.

Nigeria has set a target of boosting daily production to 2.7 million barrels of crude and condensate by 2027.This was disclosed by President Bola Tinubu’s Special Adviser on Energy, Olu Verheijen, ...