OPEC has little scope to reverse its oil production cuts, which have triggered a wave of rival supply from the US shale industry, Iran’s representative to the group said.

Nigeria's petroleum marketers said that the Premium Motor Spirit (Petrol) price may be reduced to between N900 and 1000 per ...

Making Sarawak the sole aggregator of natural gas will be costly for the state and for Petronas, say experts. (FMT) – Cool heads must prevail in negotiations between Petronas and Sarawak over demands ...

BP’s CEO revealed that the company aims to reach an agreement to develop Iraq's massive Kirkuk oil field in the upcoming ...

The price of Kuwait oil went down by 57 cents to US$74.54 per barrel on Monday as opposed to US$75.11 pb last Friday, said the Kuwait Petroleum Corporation (KPC) on Tuesday.Global ...

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has clarified that its crude oil production figures align with ...

NNPC Ltd clarified no discrepancies with NUPRC's crude oil figures, citing reporting period differences, confirming Nigeria's ...

NEW ORLEANS (WVUE) - A Tulane University environmental law expert said he believes Governor Jeff Landry has effectively ...

The Oil Companies Advisory Council (OCAC) has pressed the Petroleum Division to increase the margins of oil marketing ...

Amidst doubt over the increase in Nigeria’s oil production to 1.8 million barrels per day, Nigerian National Petroleum Company ...

The Presidency said plans have been concluded to privatise Nigeria's four government-owned refineries in PortHarcourt, Warri ...