Despite the difficulties in delivering cargoes, a surge in shipments from the Black Sea last week saw four-week average crude ...

Eight OPEC+ member countries will go forward with plans to increase oil production amid President Donald Trump’s calls for reducing the cost of oil. The organization, headed by Saudi Arabia and Russia ...

Oil prices extended losses on Tuesday after reports of OPEC+ plans to proceed with output increase in April while further ...

The Trump administration is imposing 25 per cent tariffs on Mexico and Canada and it will take effect on Tuesday.

Members of OPEC+ are planning to gradually unwind production curbs in April, which would add supply and could lead to lower ...

VC Engr. Prof. Akpofure Rim-Rukeh The Vice Chancellor of the Federal University of Petroleum Resources, Effurun (FUPRE), Engr. Prof. Akpofure Rim-Rukeh, has reaffirmed the institution’s commitment to ...

Evolution Petroleum agrees to acquire non-operated oil and natural gas assets in New Mexico, Texas and Louisiana for $9M, ...

California and other states and counties are using a legal strategy that took down Big Tobacco, hoping to make fossil fuel ...

Tariffs are essentially taxes paid by importers, which typically pass on at least a portion of those costs to consumers. The ...

The premium shipowners are charging to haul Russia’s flagship oil is soaring as farewell sanctions imposed by the outgoing ...

On 24 February 2025, the third anniversary of Russia's illegal invasion of Ukraine, the EU's 16th sanctions package was ...

Gold futures were up 0.75% at $2,922 a troy ounce on safe-haven demand. Base metals have fallen after the U.S. enforced its tariff program, with LME three-month copper and LME three-month aluminum ...