Discount has increased from about $2 per barrel in October to up to $8 in January. The lower price of Urals crude will help ...

Nigeria's current account surplus narrows to $3.42bn despite rising crude oil and refined petroleum exports, as remittances ...

Investors are balancing oversupply concerns against geopolitical risks, including the war in Ukraine and Venezuela exports.

The Brent and WTI benchmarks recorded annual losses of nearly 20% in 2025, the steepest since 2020, as concerns about ...

India is working to finalise a trade agreement with the United States while closely monitoring crude oil imports from both ...

India is asking refiners for weekly Russian and US oil import data to provide accurate figures to Washington amid trade deal ...

Oil has long been the backbone of Venezuela’s economy. The state-owned oil company PDVSA was once regarded as one of the most ...

Ghana’s demand for petrol imports from Nigeria may decline following the resumption of operations at the country’s ...

The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said that the Nigerian oil sector ...

No fewer than 41 vessels carrying petroleum products, food commodities and other assorted cargoes are scheduled to berth at ...