The levies on FO also impact local oil refineries, as they now face a shortage of buyers for the FO they must produce.

This comes after the California Energy Commission sent a letter of recommendations to ensure there's adequate fuel supplies.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $66.85 during the early Asian trading hours on Tuesday. The WTI price edges lower amid oversupply concerns triggered by the ...

Nigeria’s Minister of State for Petroleum Resources (Oil) Senator Heineken Lokpobiri, has reaffirmed the country’s push to attract more strategic investments into its oil sector, positioning Africa’s ...

Oil prices experienced a surge following Saudi Arabia's unexpected decision to increase prices for its primary crude grade ...

Nova Scotia is giving offshore petroleum development another try. The joint provincial-federal offshore energy regulator announced Monday it's issuing a call for bids for offshore oil and gas ...

The USD/CAD pair edges higher to near 1.3670 during the early Asian session on Tuesday. The US Dollar (USD) strengthens ...

We're living in a moment where the administration and Congress and the courts are aligning, for once,” said Sen. Kevin Cramer ...

The New Patriotic Party’s (NPP) Minority Caucus in Parliament has accused the Mahama administration of alleged dishonesty and disingenuousness ...

Canadian natural gas prices are poised to jump nearly 60 per cent this year — marking the end of years-long discounts — as a ...

Mexican authorities report seizing 4 million gallons of stolen fuel from two abandoned trains in Coahuila state ...

U.S. stocks closed lower after President Donald Trump said in social media posts he sent letters to Japan and Korea notifying them that their tariffs would be 25%, The tariffs will be levied beginning ...