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

The Brent/WTI spread has historically ranged between $4/bbl and $8/bbl, but it can expand or contract based on factors ...

Buffett's biggest purchase last quarter was in Occidental Petroleum. Berkshire Hathaway owns a whopping 27.25% of ...

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 ...

Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, analysts told CNBC on ...

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

Phoenix Capital Group, an unprofitable oil firm selling high-yield debt to retirees is led by a CEO whose past guilty plea ...

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

Ensuring the security of the country’s energy supplies and addressing energy poverty were objectives of the South African ...