U.S. crude oil inventories increased more than expected as production picked up, while the build in gasoline stocks extended ...

Nigeria’s cost of producing crude oil has risen to about $40 per barrel, a report by the Nigerian Upstream Petroleum ...

Despite Nigeria's plans to increase crude production, it has seen a major decline in daily crude production in January 2025, ...

Crude oil futures pared previous gains after OPEC+ agreed to maintain its policy of gradually raising oil production starting ...

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

China National Offshore Oil Corp has commenced production at the Bozhong 26-6 oilfield development project (Phase I), the ...

Crude oil inventories and gasoline stocks saw larger than expected builds last week, leading to a renewed sell off in oil ...

Crude oil futures decline as Trump plans to boost US production, while zinc and castorseed contracts show mixed trends.

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

OPEC has dropped the U.S. Energy Information Administration from its list of secondary sources used to monitor crude oil ...

CNOOC Ltd. started production at the Bozhong 26-6 Oilfield Development Project (Phase I) in central Bohai Bay in about 20 m of water.

Petrol marketers have made a strong accusation to the Nigerian oil-producing companies about the diversion of 500,000bpd of ...