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 ...

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

Saudi Arabia’s vast reserves make production as easy as turning on a garden hose in our backyards for the country. Meanwhile, the Saudi economy depends on oil revenues. The rising costs of ...

The Energy Information Administration (EIA), in its January Short-Term Energy Outlook, is forecasting global oil prices ...

"You've got to bring down the oil price, you've got to end that war. They should have done it long ago," President Donald ...

Oil prices edged up in volatile trade on Monday but closed at a one-month low on the expiration of a higher-priced contract, ...

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

Some oil refineries will probably struggle to replace imported crude oil if President Trump imposes 25 percent tariffs on ...

The Midwest has become increasingly reliant on cheap Canadian oil over the last two decades, and switching to another source ...

OIL prices settled lower on Thursday after US President Donald Trump repeated a pledge to raise US oil production, unnerving ...

Oil prices started the week lower after Trump called on OPEC to increase production and potentially lower prices to help end the war in Ukraine.

Russia pumped 2.8% lower volumes of crude oil and condensate in 2024 from a year earlier, while its natural gas production ...