President Trump on Thursday reiterated his plans to put a 25% tariff on imports from Mexico and Canada, where automakers build many of their products for sale in the US. Ford CEO Jim Farley believes ...

There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and ...

Commercial crude stockpiles rose by 3.5 million barrels. Analysts had predicted inventories would increase by 1.1 million ...

U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...

The 2024 export figure would amount to approximately 2.3 million barrels per day if the 7.33 crude oil conversion ratio of ...

There is a raging concern that the Naira-for-Crude initiative, which ensures local refineries receive crude oil in Naira and sell refined products to marketers in the local currency, may be threatened ...

Several independent oil refineries in eastern China have halted operations, or plan to do so, for indefinite maintenance ...

With the rise in crude oil prices to more than $80 per barrel from $74 per barrel last week, Dangote Petroleum Refinery increased its wholesale price to N950 per litre from N895 per litre ...

SINGAPORE (Reuters) - China's crude oil imports from top supplier Russia were up 1% in 2024 to a record high versus 2023, while purchases from Saudi Arabia dropped 9%, data showed on Monday ...