Where does a giant refinery in Nigeria, Africa’s largest oil producer, go to source the raw materials it needs to make fuels ...

Banks are cutting estimates for the average oil price this year to below $60 a barrel amid production hikes from OPEC+ and ...

West Texas Intermediate (WTI), futures on NYMEX, trades sideways around $62.20 during European trading hours on Friday. The Oil price consolidates as investors await the United States (US) Nonfarm ...

Texas oil and gas drilling permits hit a three-year low as operators cut spending and drilling plans in response to falling ...

West Texas Intermediate (WTI) Oil price remains steady after registering more than 3.50% gains, trading around $62.50 during ...

Brent traded around $65 a barrel and was on track for its first weekly gain since mid-May, while West Texas Intermediate was ...

The West Texas Intermediate for July delivery went up 52 cents, or 0.83 percent, to settle at 63.37 U.S. dollars a barrel on the New York Mercantile Exchange. Brent crude for August delivery gained 48 ...

Oil prices surged Monday over renewed concerns about Russia's war in Ukraine and relief over OPEC+ production, while stock ...

Saudi Arabia's past oil price wars in 2014–2016 and 2020 backfired, as U.S. shale producers became leaner and more efficient.

Oil futures climbed Wednesday, with U.S. benchmark July West Texas Intermediate crude settling at $61.84 a barrel — its highest level since May 20. Prices got a boost from a [report that the U.S. has ...

An estimated 350,000 b/d of Canadian oil production has been shut in by wildfires in Alberta near the province's border with Saskatchewan. According to local press reports, Cenovus Energy, MEG Energy ...