Energy

Saudi Arabia may raise the price of its crude oil for the third month in a row for September cargos, according to sources from...

Russia’s diesel and gasoil exports by sea increased by 5% in July compared to June as more refining capacity in Russia returned from seasonal...

President Bola Tinubu says the federal government has saved N1 trillion in two months in funds that would have been used for the payment...

Britain prime minister Rishi Sunak pledged to issue hundreds of new licences for oil and gas production in the North Sea. The move seems to...

Oil prices were poised early on Monday to end July trading with the biggest monthly gain since January 2022, buoyed by tightening supply, expectations...

Seplat Energy Plc reported a sharp fall in second-quarter operating profit from bumper 2022 earnings as oil and gas prices weakened, while foreign exchange...

One of Europe's main markets for gasoline has shrunk, threatening to squeeze European refiners, after Nigeria removed fuel subsidies, which destroyed much of the...

The Chairman of the Northern Independent Petroleum Marketers Forum (NIPMF),Musa Yahya Maikifi, has revealed that Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) owes...

For years, OPEC has warned that not enough is being invested in future oil and gas production on a global scale. For years activists...

Crude oil prices were set for another weekly rise earlier on Friday morning despite a slight dip from Thursday’s close. Brent crude, which topped $84...