Up to 10% of China's oil refining capacity faces closure in the next ten years as an earlier-than-expected peak in Chinese ...

Oil prices rise as U.S. sanctions tighten supply and seasonal demand surges. Can crude break through $80 and sustain its bullish momentum this week?

Oil prices saw a strong start in 2025, with Brent oil rising over 9% in January. Factors such as fresh US sanctions on ...

The increase in crude oil production in Abia State, has been attributed to the engagement of a local security firm in the ...

With the 2025 national budget targeting crude oil production of 2.062 million barrels per day (bpd) at $75 per barrel, the ...

China’s fuel demand may peak sooner than expected, which will reduce profit margins and force the closure of older, smaller, ...

The NUPRC said Nigeria’s current production was averaging 1.7 million barrels, leaving a deficit of about 350,000 barrels to ...

US drivers could see lower gas prices this year and next as oil supply outpaces demand. The US will continue to ramp up ...

Many of the vessels transporting Russia’s oil from the Arctic and Far East Pacific fields and production clusters to Asia ...

Oil prices surge to three-month highs as U.S. broadens sanctions on Russian oil and winter weather lifts demand for heating ...

Oil and gas giant, Seplat, has said it aims to double its crude oil production capacity within six months after moving in to ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally ...