The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026. Read more at The Business ...

The Asian Development Bank (ADB) has approved a $200 million loan to support the ongoing Mahaweli Development Program, Sri ...

The Nigerian Content Development and Monitoring Board (NCDMB) says that the recent acquisition of Saipem, an Italian oil servicing firm by Marconi NG EPC, as a major boost to the Nigerian Content ...

The US Energy Information Administration (EIA) recently released its forecast for OPEC’s crude oil production in 2026, ...

Nigeria's crude oil production rose slightly in November to 1.436 million barrels per day (bpd), up from 1.401 million bpd in October, according to the OPEC Monthly Oil Market Report (MOMR) released ...

Escalating tensions could lead to a short-term squeeze in Venezuela’s supply, but a regime change away from Maduro could lead ...

Texas is about to deploy a potential solution to the oil industry’s toxic wastewater problem — but it’s a move that carries ...

Iran raised the price of its subsidized gasoline for most users on Saturday, a government spokesperson said, as the OPEC member seeks to control rising fuel demand without triggering public anger.

Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the ...

The recent seizure of an oil tanker known as Skipper by the U.S. off the coast of Venezuela marks a dramatic escalation of ...

Venezuela has been sidestepping a US oil export embargo for years, selling crude at a discounted price mainly to China.Since ...