The U.S. Department of Energy announced Friday it has approved an exchange from the Strategic Petroleum Reserve, or SPR, with ...

The Conference of Nigeria Political Parties, CNPP, has rebuked the Group Chief Executive Officer of the Nigerian National ...

Oil prices rose over 2% on Friday as investors weighed a tight short-term market against the potential surplus this year ...

Energy Secretary Chris Wright authorized the exchange "to help maintain stable regional supply of transportation fuels across Louisiana and the broader Gulf Coast," the department said. It added that ...

The International Energy Agency has hiked its forecasts for global oil supply this year and next, while noting that 2025 ...

NNPC CEO Bayo Ojulari discusses the challenges in repairing Nigeria’s refineries, the ongoing strategic review, and the rising costs of crude oil production.

Limited has hinted that it may sell off the nation’s ageing refineries, as efforts to revamp them have become more complex ...

ULSD futures were seeing strong gains following two days of declines that saw contracts cut by nearly 6cts/gal. The August ULSD contract was ahead 5.46cts to $2.4381/gal, a gain of about 2.3%. The ...

The Department of Interior (DOI) is proposing to reopen up to 82%of the 23-million-acre National Petroleum Reserve in Alaska ...

Russia’s oil and gas revenues plunged 14% in June year-on-year, with budget income hitting its lowest since January 2023 ...

The energy major warned that lower oil and gas sales could drag on its results, though upstream production is expected to rise quarter-on-quarter. Find insight on BP, oil prices, Embraer and more in ...

The U.S. Energy Department on Friday said it would provide up to 1 billion barrels of crude oil from the Strategic Petroleum ...