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.

The American Petroleum Institute reportedly shows a surprise build of 1.23M barrels of oil in U.S. commercial stockpiles for the week ending November 29, after API reported a 5.93M-barrel draw a week ...

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

SET-listed Prima Marine, a provider of marine transport as well as crude oil and petroleum product storage, expects a better performance next year, driven by long-term charter contracts and a focus on ...

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

This image shows China's first independently developed FPSO unit "Haikui No. 1." Photo: VCG Workers unmoor "Haikui No. 1" in Qingdao, East China's Shandong Province, on May 12, 2024. Photo: VCG ...

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 ...

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.