U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) decreased by 2.0 million barrels from the week ending January 3 to the week ending January 10 ...

According to the Executive Director of Okposon Security Services, Mr David Nwogu, crude oil production in Abia State has increased from 8,000 /10,000 barrels per day it hovered before August 2024 ...

The cap is a ground-breaking initiative introduced by G7 allies in late 2022 to limit the seaborne trade of Russian crude oil at $60 per barrel. The mechanism prohibits Western companies from ...

U.S. and global benchmark crude-oil prices settled Monday at their highest since August, with investors assessing the potential hit to supply from a further tightening of U.S. sanctions on Russia ...

Iran has shipped nearly 3 million barrels of oil from a storage site in China, people familiar with the matter said, in a bid to raise funds that could be used to shore up Iran’s allied militia ...

"When we realised that we need drums, cartons, and shipping for importing and exporting our products, we expanded our business towards all of these from our basic business of edible oil," he added.

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HOUSTON, Jan 3 (Reuters) - Oil prices edged higher on Friday and ... Brent crude futures were up 69 cents, or 0.9%, at $76.62 a barrel by 12:49 p.m. ET (1749 GMT) after settling on Thursday ...

Minister Counsellor of the Embassy of PNG in Jakarta, Indonesia, and Kepson Pupita, the General Secretary of the Oil Palm Industry Corporation of PNG presented the accession document to the Secretary ...

Global oil demand was seen growing between 0.4 million and 1.3 million bpd in 2025, the poll showed. That compares with OPEC's 2025 growth estimate of 1.45 million bpd. Markets are also bracing ...

NEW YORK, Jan 2 (Reuters) - Oil prices settled up by more than $1 a barrel on Thursday as investors returned for the first trading day of 2025 with an optimistic eye on China's economy and fuel ...

Global oil prices rose slightly on Thursday, the first day of trade in 2025. Brent crude futures rose to $74.80 a barrel by 0547 GMT, gaining 17 cents, or 0.06%, while the U.S. West Texas Intermediate ...