The Independent Petroleum Producers Group (IPPG) has pledged support for the Project One Million Barrels Incremental ...

Losses to oil production targets, yesterday, hits $5.7 billion (about N8.7 trillion) in the first five months of 2025, as the ...

Oil prices jumped over 10% Thursday night after Israel launched strikes against Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate (CL=F) rose to nearly $77 ...

Iran is a meaningful oil producer, pumping 3.3m b/d of crude oil and exporting in the neighbourhood of 1.7m b/d. In a scenario where we see further escalation, it’s not too difficult to envisage a ...

Oil prices jumped over 8% Thursday night following Israel’s military strikes on Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate ( CL=F) rose to nearly $74 ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.05 during the Asian trading hours on Friday.

The oil market can absorb OPEC's production increases through summer, but sustaining that pace risks leading to sharp price declines and a shift to contango, where future prices are higher than spot ...

Efforts by the Federal Government to ramp up oil production to over two million barrels per day suffered another setback last month, The PUNCH reports.

After reaching a high of $81/bbl on Jan. 15, the spot price of WTI crude fell sharply in April to below $60/bbl, the lowest ...

Thursday closed down -0.11 (-0.16%), and July RBOB gasoline (RBN25) closed down -0.0239 (-1.10%). Crude oil and gasoline ...

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said the country produced 97% of the 1.5million barrels of oil ...

W&T Offshore, Inc. remains a solid company, driven by its natural gas segment and healthy Balance Sheet. Click here to find ...