India experienced an 18.4% increase in petroleum product imports in June 2025, even as the total oil and gas import bill decreased to $10 billion. The article delves into the details of crude oil ...

Nigeria’s reliance on China as a primary source of imports has sparked fresh concern among economists and trade analysts, who ...

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.50 during the early Asian trading hours on ...

Oil rose in early Asian trade, aided by an unexpected fall in U.S. crude inventories.

China’s oil demand growth has stalled as electric vehicle sales surge and gasoline and diesel consumption decline.

Commercial crude oil stocks excluding the Strategic Petroleum Reserve fell by 3.9 million barrels to 422.2 million barrels in the week ended July 11, and were about 8% below the five-year average for ...

Oil major Exxon Mobil bought Mars crude for August delivery, two sources said on Wednesday, after briefly halting purchases ...

Nigeria has achieved its crude oil production target for the second time in 2025, reaching a daily output of 1,505,474 barrels in June, PM News has learnt.This figure, released by the Nigerian ...

The markets, however, are overlooking the oil giant's cash flows and moves to repay debt.

In September 2008, after hurricanes Gustav and Ike decimated Gulf communities, the DOE authorized an SPR exchange of nearly 5 ...

U.S. crude oil inventories fell last week amid a rise in exports, reversing some of the large stock builds seen the previous two weeks, according to data.

Oil prices fell by about 1% on Wednesday as signs of stronger Chinese crude consumption were outweighed by investor caution ...