Brent crude was up 4 cents to $119.76 a barrel after touching an intraday high of $121.95. U.S. West Texas Intermediate crude futures rose 8 cents,...
Italian oil company Eni SpA and Spain’s Repsol SA could begin shipping Venezuelan oil to Europe as soon as next month to make up for Russian...
The Interim Administrator of Niger Delta Development Commission, Dr. Effiong Akwa, has said that the forensic audit on NDDC opened a can of worms in the...
Oil rose higher on Friday, supported by expectations that OPEC’s decision to increase production targets by slightly more than planned won’t much affect tight global supply...
The Organisation of the Petroleum Exporting Countries (OPEC) has raised Nigeria’s oil production quota from the 1.772 million barrels per day (mbpd) target approved in June...
A shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel...
European Union leaders have agreed an embargo on Russian crude oil imports that will take full effect by the end of the year, but Hungary and...
Oil prices climbed above $120 a barrel on Monday, hitting their highest in more than two months as traders priced in expectations that the European Union...
Russian gas producer Gazprom said on Sunday its supply of gas to Europe through Ukraine via the Sudzha entry point stood at 44.1 million cubic metres,...
In a special address at the World Economic Forum Annual Meeting 2022, Amir of Qatar Tamim Bin Hamad Al Thani said his country is in the...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) says it is drafting six regulations on midstream and downstream operations to bring clarity, improve business processes...
Russia’s Gazprom on Saturday halted gas exports to neighbouring Finland, in the latest escalation of an energy payments dispute with Western nations. Gazprom Export has demanded...
Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), says it will partner Oil Trading and Logistics (OTL) Africa Downstream to ensure effective regulation and standards in...
African Export-Import Bank has signed an Agreement with the African Petroleum Producers Organisation according to which both parties will collaborate on the establishment of an African...
Oil prices rebounded from earlier losses in another volatile session on Thursday as Chinese officials planned to ease restrictions in Shanghai, which could further tighten global...