Nigeria has solidified its position as a premier oil producer, supplying its crude to several countries globally.

Oil prices settled more than 1% higher on Friday and recorded a weekly gain in low trading volume ahead of year-end, buoyed ...

The decision by OPEC to delay the future ramp up in output from Jan 2024 to April 2024 likely dropped the STEO estimate for ...

Kuwait Oil Company (KOC) has announced the addition of 90,000 barrels of heavy crude to its production, with more to come.

A report by Afrinvest, a Lagos-based investment firm, said that the naira would depreciate to N1,800 per dollar in the coming ...

The oil patch is unlikely to see the kind of breakneck growth it saw in Trump’s first term, when daily crude production shot ...

The Defence Headquarters, DHQ, has announced that troops on internal security operations arrested two terrorist ammunition couriers and 256 other suspects ...

US officials have claimed that North Korea is suffering mass casualties on the front lines of Russia’s war against Ukraine, as Biden pushes to send a £1bn boost to Kyiv. At such a critical moment in ...

By Milana Mazaeva and Ivan Nechepurenko Russia has assembled a fleet of hundreds of vessels to covertly ship its oil. With so many ships at sea, the idea of using some to cause havoc may be ...

The president-elect made the announcement on Truth Social on Sunday. ABC News’ MaryAlice Parks discusses President Joe Biden's invitation for President-elect Donald Trump to visit the White ...

The real-time price of Brent crude oil is at $73.41 per barrel, and the price of WTI crude oil is at $70.26 per barrel. Oil prices are customarily quoted in dollars (USD) around the world, not only in ...