It was a week when oil prices jumped broke its losing streak, while natural gas futures continued the southward journey. The headlines revolved around oil biggies BP plc BP and Diamondback Energy’s ...

The Nigerian Upstream Petroleum Regulatory Commission has declared the country’s official petroleum reserves position, revealing a staggering 37.28 billion barrels of crude oil and condensate ...

2-Year U.S. Treasury Note Continuous Contract $103.473-0.020-0.02% 5-Year U.S. Treasury Note Continuous Contract $107.398-0.008-0.01% 10-Year U.S. Treasury Note Continuous Contract $109.750 0.016 ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID ... including at state oil company PDVSA. He also declared an economic emergency in the South ...

The price of Brent crude oil has fallen to $61 per barrel ... This effectively squeezed the marketing margins of oil marketing companies (OMCs) as the retail prices of the two fuels were not ...

U.S. crude oil futures jumped more than 4% on Wednesday, booking its best day since October of 2024 after President Donald Trump announced a lower tariff rate for countries except China.

But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 years, it has made America the world’s top crude ... damn” if oil companies drilled ...

“The fear is that if crude collapses, the already undervalued shares of China’s oil majors could come under even greater pressure.” All three companies stressed that their buybacks would be ...

However, according to NNPC figures, the national oil companies delivered roughly 280,000 b/d of crude to Dangote in naira by March 10, falling shy of the 385,000 b/d agreed under the deal ...

The ongoing plunge in crude prices is "scary," but oil projects run by Brazil's Petrobras (PETR4.SA), opens new tab are resilient, said a director at the state-run oil company on Wednesday ...

Oil and gas companies drill for enviable amounts of crude oil from thousands of wells in the westernmost region of the state, federal data shows, with no signs of slowing — until this week.

Crude prices climbed back above $60 a barrel ... Wednesday afternoon’s recovery put prices back around the level that many U.S. oil companies require to make money drilling new wells.