Shale billionaire ... global oil supplies while the U.S. shale patch had been placed in a "weakened condition," unable to raise production. "They have drained the SPR, and refinery inventories ...

FREDERIC J. BROWN / AFP via Getty Images ExxonMobil said lower oil prices and refining margins will lower third quarter profit as compared to the second quarter. The company predicted that the ...

LeBron James and Anthony Davis will play at some point during the Los Angeles Lakers' first two preseason games this weekend, getting the two superstars back to work quickly after a busy summer ...

So when the new oil refinery built by Aliko Dangote, Africa's second-richest person, went online in January, Nigerians were hopeful. But the end to shortages and drastic fuel price cuts they were ...

The Nigerian Navy has destroyed 19 illegal refining sites and arrested eight suspected oil thieves in three weeks operations. A statement by the Director Information, Naval Headquarters ...

What is the current oil price today? WTI futures traded at $67.30 per barrel, as of 9 a.m. ET. Year to date, WTI prices are down by 8.36%. Brent futures traded at $70.78/bbl, a drop of 0.84% in ...

Lawyers for the Come By Chance refinery and one of its contractors were back in Clarenville provincial court yesterday in connection with a fatal explosion at the refinery two years ago. Braya ...

HOUSTON (Reuters) - Oil prices settled higher on Friday but fell on the week as investors weighed expectations for higher global supply against fresh stimulus from top crude importer China.

According to sources familiar with the situation, Validus Energy, a privately held oil and natural gas producer, has agreed to purchase Citizen Energy, a rival company, for over $2 billion including ...

The lawmakers also asked NNPC to disclose the amounts the refinery is paying for crude oil. This resolution followed a motion moved by Oboku Oforji on Thursday during plenary. DAILY POST reports ...

Oil marketers are seeking to deal directly with the Dangote Petroleum Refinery instead of buying the company’s Premium Motor Spirit, popularly called petrol, from the Nigerian National Petroleum ...

Blue Origin’s New Glenn rocket hit a significant milestone this week, completing its first second-stage hot fire test that validates the interactions between the subsystems, its two BE-3U ...