Wall Street is bracing for a sharp decline in U.S. oil refiners' fourth-quarter profits as fuel demand softened, while ...

U.S. refineries, with a capacity of 18.4 million barrels per day, play a significant role in international trade—importing ...

South Korea is interested in importing more U.S. oil and gas to diversify energy sources and ensure stable supplies given tensions in the Middle East.

The removal of fuel subsidy in the 2023 federal budget triggered a series of negative developments in the Nigerian economy, ...

has revealed its crude oil production forecast for the first half of 2025. Per the report, nine Nigerian refineries will process 143 million barrels of crude in the first half of the year ...

Sources in the government and India’s refining sector indicate that ample supply is available from other major sources markets. Notably, prior to the war in Ukraine, Iraq, Saudi Arabia, and the UAE ...

U.S. crude oil inventories fell for an eighth consecutive week amid declines in imports and domestic production, while product stocks saw further large weekly builds, according to data released by ...

First Bank is battling Mr Obaigbena over some credit facilities, which the bank claimed has missed several repayment ...

Petronas and partners let a contract for delivery of a new hydrogen production unit to be installed at the planned grassroots biorefinery to be built in southern ...

Telephone : Consumer Price Inflation Enquiries: +44 1633 456900. Consumer Price Inflation recorded message (available after 8am on release day): +44 800 0113703 ...

UMUAHIA – The increase in crude oil production in Abia State, has been attributed to the engagement of a local security firm in the surveillance and protection of oil pipelines and installations ...