At 420.9 million bbl, US crude oil inventories are about 10% below the 5-year average for this time of year, the EIA report indicated.

The Independent Petroleum Marketers Association of Nigeria, IPMAN, Rivers State Chapter, has described as “bold and strategic ...

Guwahati: Chief minister Himanta Biswa Sarma has urged Union petroleum and natural gas minister Hardeep Singh Puri to direct ...

Petrobras, U.S. companies Exxon and Chevron, and Chinas CNPC paid $153 million to seek reserves in a controversial area ...

Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.

Justice Yusuf Halilu of the High Court of the Federal Capital Territory (FCT), sitting in Maitama, Abuja, on Wednesday ordered the continuation of the ongoing trial of 20 former leaders of the ...

Nippon Steel Finalizes Purchase of U.S. Steel After Reaching Security Deal With Trump Administration Nippon Steel has finalized its acquisition of U.S. Steel, days after securing a national-security ...

Petroleum futures were down late Wednesday morning, despite a bullish government report that showed a large drop in crude oil stocks and higher gasoline and distillate demand in the week ended Friday.

Nasdaq 100 rises ahead of the Fed’s rate call and Juneteenth break. Oil and bonds gain as traders weigh Middle East war risks and U.S. policy moves.

Oil prices could surge from a current level of about $73 per barrel up to $120 per barrel if the Israel-Iran conflict damages Iranian oil infrastructure or impedes the passage of some oil tankers in ...

Oil stocks in the U.S. fell by well more than anticipated by surveyed analysts, and are 10% off from their average size.

Oil prices bounced back on Wednesday morning after the EIA confirmed a very significant draw in crude inventories ...