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 ...

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 ...

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.

The President of the Dangote Group, Alhaji Aliko Dangote, on Tuesday claimed that International Oil Companies (IOCs) are the ...

This agreement further strengthens our partnership with BASF. Natural gas not only provides energy security to Europe but ...

Investing.com -- Norwegian oil and gas production decreased in June compared to the same month last year, but exceeded the ...

DNO ASA, the Norwegian oil and gas operator, today confirmed a gas and condensate discovery on the Vidsyn prospect close to its producing Fenja oil and gas field, both within the Norwegian Sea license ...

Pipelines are the critical infrastructure that underpins global energy trade and geopolitical power, and these nine projects ...

Nigeria’s FIRST Exploration & Petroleum Development Company (FIRST E&P) has entered into a strategic agreement with the Tanzania Petroleum ...

Africa is repositioning itself in the global oil market – not merely as a supplier to international markets, but as a rising energy consumer and industrial growth hub. The newly released OPEC World ...