The Nigerian National Petroleum Corporation Limited (NNPC) has reported a remarkable 98 percent surge in remittances to the ...

Trump has also targeted Brazil with a 50 per cent tariff over what he has termed as a “witch hunt” against former Brazilian ...

China Concord Resources Corp has begun developing two Venezuelan oilfields, planning to invest more than $1 billion in a project to produce 60,000 barrels per day of crude oil by end-2026, an ...

The large increase in refining capacity has created a pricing conundrum thanks to Middle East petroleum products now reaching ...

Three operators – Dangote Petroleum Refinery, Aiteo and AA Rano have reduced the depot prices of Premium Motor Spirit, PMS, also known as petrol and adjusted their prices marginally to N823 per litre ...

Asharq Al Awsat Iraq has raised its oil refining capacity to 1.3 million barrels per day from 1.1 million bpd in 2024, the prime minister's office said in a statement on Sunday.The OPEC member aims to ...

Oil prices steadied after their first weekly gain in three weeks, supported by US stock drawdowns and supply cuts, while ...

The restaurant chain got its start in 1969 as a roadside stop for sit-down meals. It's since expanded to over 400 locations.

That has helped drive the Breakwave Tanker Shipping ETF to $12.58 on Friday, its highest level since a brief spike in June.

At the centre of this transformation is Nigeria’s 650,000-bpd Dangote Refinery, which began operations in 2024 and has already started reshaping West Africa’s fuel trade.

Rather than send a message about the past, Lavrov’s sweatshirt served as a reminder of the future playbook: bankrupt Russia, and President Trump using his “American Energy Dominance” agenda can do ...

NEW YORK (Reuters) -Oil prices climbed about 2% on Wednesday on a bigger-than-expected weekly drop in U.S. crude inventories ...