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 ...

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

WTI Oil is a type of Crude Oil sold on international markets. The WTI stands for West Texas Intermediate, one of three major types including Brent and Dubai Crude. WTI is also referred to as “light” ...

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 ...

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 ...

Continuing concerns over global oil supply also appeared to be supporting futures. President Trump on Monday signed an executive order imposing 25% tariffs on imports from any country that buys crude ...

U.S. crude oil inventories fell unexpectedly last week despite an increase in imports and a small rise in refinery runs, according to data released Wednesday by the U.S. Energy Information ...