Oil prices reversed gains on Wednesday, as official government figures showed U.S. crude stockpiles rose last week, contradicting an earlier report showing...
Oil giants, ExxonMobil and Chevron corporations have announced 2017 earnings of $19.7 billion and $9.2 billion respectively. In the announcements made at...
BP’s profits more than doubled in 2017 to $6.2 billion powered by higher prices and output of oil and gas, allowing the...
Despite the expiration of a seven day ultimatum given the Nigerian National Petroleum Corporation (NNPC) to clear fuel queues in the country,...
The Nigerian government is set to develop and introduce new commodities aimed at boosting the nation’s non-oil and gas sector’s export earnings....
French oil giant, Total, has agreed to sell a 25 percent stake in the Exploration Block 11B/12B, located offshore South Africa, to...
The United States is considering restricting imports of Venezuelan crude oil and exports of U.S. refined products to Venezuela, U.S. Secretary of...
Oil prices slipped further in early Monday trading, as declines in stock markets and increased U.S. drilling continue to knock months of bullish sentiment...
Ship management firm Anglo-Eastern said that it has lost contact with one of its managed oil products tanker as of February 1....
Chinese officials said Thursday that an Iranian oil tanker that sank following a deadly collision in December in the East China Sea...