Oil prices edged up on Wednesday amid worries of oil supply disruptions in the U.S. and Russia, and as markets awaited clarity on the Ukraine peace talks ...

The discount for Mexican Maya crude, that country’s benchmark, is about $5 a barrel, EPRINC said. Putting those prices against import totals provides a total value in 2024 of $92 billion in Canadian ...

Brazilian state-run oil firm Petrobras expects to boost its diesel output by some 120,000 barrels per day (bpd) this year due to the expansion of S-10 diesel production in some of its refineries, the ...

GMT on Tuesday, oil trading was playing out as a repeat of the previous session, with prices holding steady as expectations ...

US supermajor ExxonMobil has submitted an application for an environmental authorisation to develop the Hammerhead discovery ...

ORGANIZATION of the Petroleum Exporting Countries Plus (Opec+) is considering pushing back a series of monthly supply increases due to begin in April despite calls from US President Donald Trump to ...

Crude prices are hovering in a tight trading range, with the benchmarks dropping a few cents on Friday heading toward a ...

Over the past 5 and 10 years, Dated Brent (North Sea Dated) crude oil prices have averaged US$75.40/bbl and US$66.27/bbl, ...

The NUPRC said oil production in Nigeria now averages 1.75 million barrels per day, with a gas production rate of 7 billion ...

BP’s share price has risen on promises of a strategy reset, which I think will extend its more pragmatic energy transition ...

An economist, financial analyst and Chief Executive Officer, Centre for the Promotion of Private Enterprise, Dr. Muda Yusuf, has warned that the 2025 federal budget benchmarked at a crude oil price of ...

News Report, February 6, 2025. Later in the release, tucked in the middle was this statement which should be of interest to ...