On the upside, the 55-day Simple Moving Average (SMA) at $70.05 is the first barrier to consider before the hefty technical level at $73.17, which aligns with the 100-day SMA. The 200-day SMA at ...

Nigeria is one of Africa’s largest crude oil producers and most of its exploration happens in the south of the country. A ...

Oil prices rose by more than 3% after Russia’s massive strike against Ukraine on Sunday – the largest of its kind since Aug.

At the same time, oil consumption in China, the world’s largest crude consumer, has declined for six consecutive months ...

Nigeria’s low oil production could affect major projections in the 2025 budget, putting the nation’s revenue target at ...

President-elect Donald Trump may find the road to cheaper gas prices is a little rocky. “Frack, frack, frack and drill, baby, ...

Last month, France’s TotalEnergies greenlit its US$10.5 billion GranMorgu project in Suriname, which borders Guyana. Off the ...

India unlikely to reduce Russian crude imports under Trump administration due to price advantages, potential US collaboration ...

Brent and WTI slid more than 3% last week on weak data from China and after the International Energy Agency forecasted that global oil supply will exceed demand by more than 1 million barrels per day ...

SYDNEY, Nov 18 (Reuters) - China's crude oil surplus nearly halved in October, but this was a further sign of weakness as both imports and refinery runs dipped. The volume of excess crude was about ...

OIL companies on Monday announced that they will decrease fuel pump prices this week. In separate advisories, the companies said they will reduce gasoline prices by P0.85 per liter, diesel by P0.75 ...

Prime Minister Narendra Modi is making his first official trip to Nigeria at the invitation of President Ahmed Tinubu, ...