Israel has launched extensive strikes against Iran, targeting nuclear facilities and military assets to prevent Tehran from ...

Chinese refiners are main buyers Iran exempt from Opec+ cuts Israel carried out strikes on Iran on Friday, targeting its nuclear facilities, ballistic missile factories and military commanders ...

Oil prices rallied over 7% today after Israeli airstrikes on Iran. This elevated geopolitical uncertainty and requires the ...

Iran, the third largest producer in the Organization of the Petroleum Exporting Countries, extracts about 3.3 million barrels of oil per day (bpd), or around 3% of global output. Following are some ...

The escalating tensions between Israel and Iran are injecting significant uncertainty into the oil market, independent of ...

The latest escalation in tensions in Iran has paved the way for the return of risk premiums on oil prices once again.

The Independent Petroleum Producers Group (IPPG) has pledged support for the Project One Million Barrels Incremental ...

Losses to oil production targets, yesterday, hits $5.7 billion (about N8.7 trillion) in the first five months of 2025, as the ...

Oil prices jumped more than 10% Thursday night after Israel launched airstrikes on Iran, marking a significant escalation in ...

Oil prices jumped over 8% Thursday night following Israel’s military strikes on Iran, marking a significant escalation in the Middle East conflict. West Texas Intermediate ( CL=F) rose to nearly $74 ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.05 during the Asian trading hours on Friday.

Efforts by the Federal Government to ramp up oil production to over two million barrels per day suffered another setback last month, The PUNCH reports.