Reports of a rising importation of petroleum products at a time Nigeria is hosting the Dangote Refinery, the largest productive refinery complex in Africa is worrisome.

The EIA's crude oil price estimates were little changed from those of the previous report, with Brent forecast to average $74 a barrel this year and $66 a barrel the next. WTI is forecast at $71 and ...

THE Organisation of Petroleum Exporting Countries (OPEC), said Nigeria’s average daily crude oil production has increased significantly to 1.539 million Barrels Per Day (bpd) in January.According to ...

Muhammad Ali Tamim, Iraq’s deputy prime minister and minister of planning, says the decision to raise production will be examined strictly according to the interests of OPEC.

"Fresh U.S. sanctions on Russia and Iran roiled markets at the start of the year but they have yet to materially impact global oil supply," the IEA said. "Iranian crude oil exports are only marginally ...

Stamatis Tsantanis says demand for crude is declining and Iranian supplies can easily be made up for from elsewhere ...

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

OPEC oil production declined in January, primarily due to lower output from Iran and Nigeria, despite the JMMC reaffirming ...

French oil and gas giant TotalEnergies said Wednesday it would reduce its low-carbon energy investments while Norwegian peer ...

Chord Energy has a very cheap valuation, coupled with a focus on capital efficiency. Click here to see why CHRD stock is a ...

The U.S. aims to impose 'maximum pressure' on Iran to reduce its oil exports to zero. Historically, Iran was a key oil producer, but U.S. sanctions have fluctuated its output. The latest rise in ...

A U.S. official stated on Tuesday that U.S. president Donald Trump would restore his "maximum-pressure" campaign against Iran ...