The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 6.037 million ...

Commercial crude oil stocks are seen down by 700,000 barrels at 432.9 million barrels for the week ended March 28, according to the average estimate of nine analysts and traders. Six expect a drop and ...

Our correspondents observed that filling stations with agreements with the Dangote Refinery have adjusted their pumps to the new price.

As President Donald Trump enters the first 100 days of his second term, he is once again making his stance on the oil and gas ...

Oil futures rose as the EIA reported an unexpected 3.3 million barrel weekly draw in U.S. crude inventories and a fourth straight drop in gasoline stocks.

A veteran oil expert says benchmark crude prices are likely to remain within a tight range for the foreseeable future as tariff uncertainty continues to rattle global markets.

Shares of energy companies fell, but not by as much as the broad market, as oil futures hovered near the psychologically significant $70 per barrel level.

The Railroad Commission reports Texas produced over 2 billion barrels of oil in 2024, crossing the 2-billion-barrel threshold ...

Petroleum product marketers have predicted that petrol prices could hit N1,000 per litre following the collapse of the naira-for-crude deal between NNPC and Dangote.

A motoring expert has shared predictions that the cost of diesel could fall significantly in the coming weeks as the ...