Commercial crude oil stocks excluding the Strategic Petroleum Reserve declined by 3.2 million barrels to 419 million barrels in the week ended July 18, and were about 9% below the five-year average ...

Meanwhile, the U.S. Strategic Petroleum Reserve (SPR) saw another rare decline, falling by 200,000 barrels to 402.5 million barrels. The draw was linked to a loan to ExxonMobil to resolve quality ...

U.S. crude oil and gasoline inventories fell last week, buoyed by stronger demand and exports, while distillate stockpiles ...

U.S. shale producer Continental Resources has dropped a lawsuit it filed against rival Hess Corp in May, which alleged it was ...

Nigeria is spearheading an initiative to establish a regional pricing benchmark for refined petroleum products across West Africa, aiming to create a more unified and transparent fuel market. This ...

Equinor ASA (NYSE: EQNR) reported strong second-quarter 2025 results, with adjusted operating income of $6.53 billion and net ...

The President/Chief Executive, Dangote Industries Limited, Aliko Dangote, has stated that Africa loses $90 billion annually to importation of substandard petrol fuel due to lack of refineries in the ...

The American Petroleum Institute reportedly shows a draw of 577K barrels of oil in US commercial stockpiles for the week ending July 18.