U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve, surged by 6.2 million barrels from the previous week to 439.8 million barrels, about 4 percent below the five ...

After initial hesitation, the Nigerian National Petroleum Company Limited has increased the pump price of petrol to N925 per litre at its retail stations in Lagos and N950 per litre in Abuja.The new ...

The U.S. has imposed a 26 percent broad-based tariff on Indian exports, impacting key sectors like jewellery, petroleum, and ...

President Bola Ahmed Tinubu’s decision to sack the board of the Nigerian National Petroleum Company Limited (NNPC Ltd) and appoint Bayo Ojulari as the new Group CEO marks the end of an era under ...

President Bola Tinubu’s decision to sack Mele Kyari and other board members of the Nigerian National Petroleum Company Limited stems from mounting concern over performance and a failure to meet key ...

Almost unnoticed in the sweeping new import tariffs announced by U.S. President Donald Trump is that energy commodities have ...

Imports of oil, gas and refined products were exempted from U.S. President Donald Trump’s sweeping new tariffs, the White ...

Crude oil remained in positive territory, but the gains were lukewarm with the May contract up 22cts at $71.42/bbl. Even with mostly nominal West Texas Intermediate gains, the contract's current price ...

The 15 countries that are likely to be the ones affected are responsible for more than 70% of all U.S. imports.

Fuel analysts blame tight supplies due to refinery outages and the switch to more expensive summer blended gasoline ...

Dangote Petroleum Refinery (DPR), the biggest player in Nigeria’s renewed local crude oil refining market, just gave a crude wake-up call. It could soon start selling its refined products in dollar, ...

The government of Uganda has entered an agreement with Alpha MBM Investments to advance development and construction of the country’s long-planned but delayed first crude oil ...