By Irina Slav for Oilprice.com Italy’s former PM, Mario Draghi, suggested it first, then U.S. Treasury Secretary, Janet Yellen took up the...
The European Union (EU) has agreed to cap Russian seaborne oil prices to other destinations at $60/bbl. The deal was made after...
Oil fell sharply on Wednesday after slumping in the previous session, weighed down by concerns about weak demand due to the state...
OPEC leader Saudi Arabia said that OPEC stands ready to cut production to correct a recent drop in oil prices caused by...
Oil prices fell in volatile trading on Wednesday, extending Tuesday’s heavy losses as growing fears of a global recession outweighed supply concerns....
Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the easing of Chinese COVID-19 related lockdowns and...
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says the nation’s oil and condensate reserves status as at Jan. 1, 2022 is 37.046...
As European countries look to wean themselves off of Russian energy, Moscow is looking to fill at least part of the gap...
Oil prices rallied early on Monday amid EU consultations about potentially joining the U.S. in banning imports of Russian oil. As of...
Oil prices climbed to almost $120 a barrel on Thursday, their highest in nearly a decade, as sanctions disrupted Russian oil sales....