State geologists estimate 250 million barrels of oil could be extracted if companies were to build as many as 600 more oil ...

The Nigerian National Petroleum Company Limited may continue servicing its crude-for-loan obligations till 2029 as the demand for oil by domestic refineries increases. NNPCL’s debt burden ...

Tsvetana is a writer for Oilprice.com with over a decade of experience writing for news outlets such as iNVEZZ and SeeNews. Weaker oil demand growth in key consuming regions and reshuffled trade ...

The combination of these factors has led to a significant decline in Russian oil exports. Russian crude oil exports by sea have dropped by 11% from a recent high in October, due to maintenance at ...

Crude Oil is bouncing off vital support around $70.00 and heads back to $71.00, after earlier selling pressure emerged on the back of Chinese Retail Sales data for November which dampened hopes ...

The US Dollar Index trades below 107.00 and fails to hold onto gains. Crude Oil is making its way back above $70.00 this Friday in the US trading session with markets reluctant to dive into the ...

Because the crude oil industry has developed hardly at all in recent years due to a lack of investment capital for discovery, extraction and further processing, global production can barely meet ...

Nigeria has solidified its position as a premier oil producer, supplying its crude to several countries globally. The country's crude oil, renowned for its exceptional quality and strategic ...

2-Year U.S. Treasury Note Continuous Contract $102.785 0.004 0.00% 5-Year U.S. Treasury Note Continuous Contract $106.102 0.023 0.02% 10-Year U.S. Treasury Note Continuous Contract $108.250 0.031 ...

The EIA’s December STEO forecasts that U.S. crude oil production will average 13.24 million barrels per day overall in 2024. Lower 48 states, excluding the GOM, will contribute 11.05 million ...

LAUNCESTON, Australia, Dec 16 (Reuters) - China's crude oil imports in November hit a 14-month high, but much of the additional volume is likely to have ended up in storage as refinery processing ...