Agora Policy, an Abuja-based think tank, says Nigeria faces risks of low  foreign exchange (FX) inflows and higher inflation ...

The world’s largest metamorphic rock oilfield has commenced production. The billion-tonne Phase I project of Bohai 26-6 started production on February 7, according to its developer, China National ...

The Nigerian Navy said that the ongoing Operation DELTA SANITY II has recorded great successes against crude oil theft as ...

Producing light crude, Bozhong 26-6 is expected to reach 22,300 barrels of oil equivalent a day in peak production this year.

Perhaps most interesting this week was what oil markets didn’t react to – comments from US President Donald Trump that the US ...

CNOOC Limited announced on Friday that the Bozhong 26-6 oilfield development project (phase I) has commenced production.

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 8.7 million ...

Oil prices were steady in early Asian trade. The outlook for oil appears bearish, Harbourfront Wealth—Sonora Wealth Group said.

Chevron is speeding up its expansion of Kazakhstan's Tengiz oilfield, two sources familiar with the plans told Reuters, raising its output to around 1% of global crude supply.