Oil continued to rebound from the year’s lows as US President Donald Trump threatened to ramp up sanctions against Iranian crude if a nuclear deal with the OPEC member isn’t reached.

Saudi Arabia’s direct crude burn for power generation is likely to rise this summer compared to last year, potentially easing part of the concerns about a global oil glut as the OPEC+ group ...

Crude oil futures traded lower on Wednesday morning after industry data showed an increase in US inventories for the week ending May 9. At 9.59 am on Wednesday, July Brent oil futures were at $66. ...

Oil dropped after a government report showed US crude inventories rose the most in two months, overshadowing the lingering relief from the trade truce between the world’s two largest economies.

The crude oil markets continue to see a lot of buyers on dips, and we have seen more of the same on Wednesday in the early hours of trading. The light sweet crude oil market has shown that there ...

The Nigerian Upstream Petroleum Regulatory Commission says the first cargo of the new Obodo crude blend has been shipped. In a statement by the NUPRC Chief Executive, Gbenga Komolafe, on Tuesday ...

Crude oil futures traded lower on Thursday morning after official data showed an increase in US inventories. At 9.55 am on Thursday, July Brent oil futures were at $64.69, down by 2.12 per cent ...

Saudi Arabia’s crude oil flows to China are expected to stay at a one-year high of about 48 million barrels in June—roughly the same volume arriving in China from the world’s top crude ...

Ghana is encouraging investors to get the country’s crude out of the ground to avoid the assets from getting stranded amid a global decarbonization push. The government is ready to roll out the ...

NEW YORK: Oil prices edged lower on Wednesday after government data showed U.S. crude oil stockpiles rose unexpectedly last week, prompting investor concerns of excess supplies. Brent crude ...

LAUNCESTON, Australia, May 19 (Reuters) - The volume of surplus crude oil in China available for storage surged in April for a second straight month as imports stayed relatively high and refinery ...

The Crude Oil Refiners Association of Nigeria has faulted the Technical Sub-Committee on the Crude and Refined Product Sales in Naira over the continued exclusion of modular and smaller local ...