Oil futures looked to post a loss Wednesday, their first in four sessions, after official U.S. data revealed a third straight ...

World oil output without the US increased by 692 kb/d to 68,304 kb/d. November’s production is expected to increase by 238 kb ...

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

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

Russia may be forced to throttle back its oil output in the coming months as U.S. sanctions hamper its access to tankers to ...

Oil prices rose marginally in early Asian trade on Friday but were on track for a third straight week of decline, hurt by U.S ...

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.

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 ...

After all, OPEC members have voluntarily held back output in the past two years to increase market prices. Many of these ...