Nigerian fuel marketers warn of a potential petrol price increase to N1,000/litre as global crude oil prices surge past $70/barrel. Learn more.

"But while crude oil price increased by 6.2 per cent, the local retail price increased by 14.3 per cent, indicating that local oil companies more than doubled the rate of increases in their main input ...

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 ...

Discover how Nigeria's oil revenue reached N55.5tn in 2025 from 530.41m barrels of crude oil, despite production challenges ...

Exxon Mobil (XOM) and Chevron (CVX) offered insights into their perspectives about Venezuela during earnings conference calls on Friday, even as neither company announced long-term investment ...

ExxonMobil CEO Darren Woods in a CNBC interview stood by comments on Venezuela's oil industry that angered President Donald ...

The Trump administration says it has completed the first sale of Venezuelan oil to the U.S. Will it mean lower prices at the pump?

Gasoline and heating oil both come from the same barrel. But the latter is more expensive, and there are a few reasons for ...

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

The U.S. pumps more crude than any other nation in the world but it still wants Venezuela's oil. Here's why.

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

OnlyFans viewers in sparsely populated counties in the Permian Basin spent more per capita than any others in the state, ...