In the wake of the demand collapse and lower refinery utilization rates, storage levels for crude oil have finally peaked and are starting to decline as the economic recovery from COVID-19 begins.

Oil prices were little changed on Wednesday, pressured by a large surprise build in U.S. gasoline stocks and worries about ...

In middle distillates, the EIA estimated an inventory decline of 100,000 barrels for the week to November 15, with production ...

Di four state-owned refineries for Nigeria wey dey Port Harcourt, Kaduna, and Warri stop operations since 2019, wey force di Federal Goment into foreign refining of dia crude oil. Dis really affect ...

U.S. crude oil stockpiles fell last week, while gasoline and distillate inventories rose, the Energy Information ...

Senator Heineken Lokpobiri, on Wednesday, said Nigeria's quest to boost crude oil production is making significant strides, ...

The American Petroleum Institute reportedly shows a much larger than expected draw of 5.93M barrels of oil in U.S. commercial stockpiles for the week ending November 22, after API reported a ...

China awarded additional crude import quotas to independent refiners, potentially boosting imports despite a weak overall ...

NNPC’s new FPSO has ramps up production to 60,000 bpd, while Utapate crude blend has entered the global oil market.