Despite five consecutive months of lower prices, taxpayers should be paying a lot less than R20 a litre, says minister at ...

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 ...

The Valero oil company and Amports, owner of terminals that ship oil products, have agreed to pay $3.3 million to settle a ...

Major U.S. equities indexes traded in positive territory on Tuesday, boosted by a resurgence among tech stocks. The S&P 500 ...

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

California lawmakers are passing a bill that is at best pointless showboating, but at worst might make matters worse.

bp has let an integrated engineering, procurement, construction, and installation (EPCI) contract to TechnipFMC for its greenfield Kaskida development in the US Gulf of Mexico. The award follows an ...

In this month's outlook, EIA educed its 2025 forecast for US Lower 48 states (L48) crude oil production from last month by 1% ...

The New York Times reported Israel's military was more likely to target Iranian military facilities and sites linked to intelligence assets and leadership. The market had rallied in large part 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, ...

Alhaji Aliko Dangote, the President of Dangote Group, on Tuesday, said that the Dangote Refinery was constructed without any government incentives. Dangote made this known during his keynote address ...

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