The oil market had a strong end to 2024 and a strong start to 2025 with ICE Brent trading above $76/bbl in early January, ING’s commodity analysts note. “In early December, OPEC+ agreed to a further ...

Shell Nigeria Exploration and Production Company Limited (SNEPCo), a subsidiary of Shell Plc, recently announced a $5 billion Final Investment Decision (FID) on Bonga North, a deep-water project off ...

The United States on Friday imposed sanctions on eight Venezuelan officials and increased to $25 million the reward it is ...

Mr. el-Badri, who is also oil minister in Libya, added that the final decision will be up to OPEC's oil ministers when they gather in Abu Dhabi on December 5 but his words frustrated hopes that ...

Nigeria has achieved OPEC quota for that first time in four years, producing 1.51 million bpd in December 2024 ...

Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than oversupplied this year, despite ...

Oil prices recouped losses from early Tuesday even as the market seems to be running out of steam amid oversupply concerns in ...

European stocks are seen opening broadly lower on Wednesday, though U.K. markets may open on a steady note as oil extended overnight ...

By Sheila Dang HOUSTON - Hess CEO John Hess on Tuesday said he sees the oil market as closer to being balanced than ...

From natural gas supply and demand dynamics to OPEC+ decisions, heightened volatility could be ahead in 2025. Read more here.

China may import less crude oil from Saudi Arabia on a month-on-month basis in February after the Kingdom hikes prices for ...

Venezuelan President Nicolás Maduro on Friday will face more international rebuke than at any time in his 12 years in power ...