The Trump administration awarded $500 million in contracts for Venezuelan oil sales to two firms with a history of bribery ...

Oil prices surged Thursday after US President Donald Trump ramped up geopolitical tensions with threats of a military strike ...

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There are also concerns about what this could mean for regional oil supplies. Any escalation may pose a risk to Persian Gulf oil flows through the Strait of Hormuz, where around 20 million barrels a d ...

By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, Jan 30 - OPEC+ is likely to keep its pause on oil output increases ...

After five days of gains, oil prices came under significant pressure yesterday, with ICE Brent settling 4.15% lower. The sell-off came as the US avoided taking immediate action against Iran amid ...

The Pakistan Petroleum Dealers Association (PPDA) on Thursday warned that the operating licences (Form K) of fuel stations across the country will expire ...

OPEC+ is expected to maintain its current oil production policy for March. Sources indicate no changes are likely when the ...

Crude oil futures gained for a third straight session, with Brent crude back above $70/bbl, as US military moves into the Middle East raised expectations of possible action against Iran.

Iran is not a major oil producer. The country pumps about 3.4 million barrels per day, according to Kpler. That number pales in comparison with the U.S. and Saudi Arabia, which pump about 13.5 million ...

However, Nigeria's current output of about 1.5 to 1.6 million barrels per day (bpd) remains below its 2 million bpd capacity ...