Crude oil closed at the lowest settlement price this year, fueled by near-term supply concerns and expectations that OPEC+ will postpone returning barrels to the market in April as planned.

Founder of Heirs Energies, Tony Elumelu, has said Nigeria must ramp up oil production to generate revenue for economic ...

Flows of crude oil through a pipeline from the semi-autonomous Kurdistan region in northern Iraq to Turkey could restart soon ...

The Organisation of the Petroleum Exporting Countries has sent a new challenge for Nigeria government to achieve crude oil ...

The Chairman of Heirs Energies, Mr Tony Elumelu, has stressed the need for increased oil production to fund Nigeria’s ...

The U.S. has pressured Iraq to restart Kurdish oil exports via Turkey--and that pressure appears to be successful.

Heineken Lokpobiri says Nigeria’s oil production has increased from about 1 million (bpd) to 1.8 million bpd since he took ...

ConocoPhillips (NYSE: COP) today announced it has entered into an agreement to sell its interests in the Ursa and Europa ...

Months before COP30, Brazil's president Lula da Silva seeks the expedited approval of a controversial oil drilling project in ...

A Russia-Ukraine peace deal could cut crude prices by $10 per barrel, but the real impact will be felt elsewhere ...

The U.S. Energy Information Administration (EIA) released its weekly report on Thursday for the week ending February 14. The ...