The Major Energies Marketers Association of Nigeria (MEMAN) has reaffirmed that the implementation of the Petroleum Industry Act (PIA) ...

The pump prices of Premium Motor Spirit (petrol) may rise further in the coming days as the landing cost of imported PMS has increased again, amid the recent rise in the importation of the commodity, ...

China's Rongsheng Petrochemical , a major independent refiner, has opened an office in Canada to buy Canadian crude and made ...

The gains were said to be capped by a U.S.-brokered truce between Russia and Ukraine on sea and energy targets, with analysts ...

Refining margins of Indian refiners and OMCs have been on a downward trend from the highs reached in FY23 amid large ...

Oil edged higher in the early Asian trade. Despite the economic risks from trade tensions, the current balance between strong U.S. demand and supply constraints due to geopolitical factors is creating ...

Can New Delhi's negotiations with the US for a bilateral trade agreement help India navigate Donald Trump's reciprocal ...

The United States' latest sanctions on Iranian oil, targeting Chinese refineries, are increasing geopolitical tensions and potentially disrupting global energy markets as the US aims to push Iran back ...

Commercial crude stockpiles in the US unexpectedly fell last week as motor gasoline posted a draw, government data showed Wednesday. Inventories of crude, excluding the strategic petroleum reserve, ...

At 433.6 million bbl, US crude oil inventories are about 5% below the 5-year average for this time of year, the EIA report indicated.

Oil prices were edging higher in early trade, supported by market concerns over global supplies after the U.S. stepped up ...

MEMAN has reaffirmed that the implementation of the Petroleum Industry Act (PIA) remains firmly on track, despite ongoing ...