BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be ...

In 2021, Elumelu invested over $1.1 billion to acquire a 45% stake in the OML 17 oil drilling asset, a venture in which Shell ...

WTI crude fell to its 52-week low of $64.78 per barrel on Sep. 10, 2024. It reached its 52-week high of $91.09 on Oct. 20, ...

The House of Representatives on Tuesday issued a seven-day ultimatum to the Managing Director/CEO of Agip Petroleum Plc (now ...

The Independent Petroleum Producers Group (IPPG) says Nigeria should not be importing crude oil to meet domestic refineries' ...

Gasoline prices in the U.S. are ultimately linked to the global Brent price of oil which is now caught in a tightening ...

Crude oil inventories in the United States rose by a shocking 10.9 million barrels for the week ending October 4 ...

The US Dollar Index eases for a second day in a row as the short squeeze in the DXY looks to end.

Ahead of Election Day, Sen. Ted Cruz reiterated his support for expanding petroleum exports from Corpus Christi in an ...

Nigerian billionaire and Chief Executive Officer of the Dangote Refinery, Aliko Dangote, has disclosed that his $20 billion ...

The planned law will facilitate exploration of major offshore oil deposits located in previously blocked zones.

The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company ...