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Queues of motorists jostling to buy petrol resurfaced at most filling stations in Abuja on Monday following an unconfirmed report that oil workers have...

The Nigerian National Petroleum Corporation (NNPC) on Monday said it had taken necessary measures to avert the proposed strike by the oil workers over...

Nigerian crude oil differentials stayed low on Monday, with buyers standing back amid ample supply from competing grades. There were still 20-25 cargoes...

SHANGHAI(AFP) Chinese oil giant Sinopec will sell a 30 percent stake in its marketing arm to outside investors for more than $17 billion, the company said,...

crude oil barrels Nigerian crude oil differentials were weak on Thursday as a global glut of physical supply encouraged buyers to choose competitively...

Shares in Italian energy giant ENI slid on Thursday after it emerged that the company’s chief executive is being investigated over suspected corruption...

¬†Oil prices rose in Asia Wednesday as dealers awaited the latest US supply report for clues about demand in the world’s top crude consumer, analysts said. US benchmark West Texas Intermediate for October rose four cents to $92.79 while Brent crude for October gained 19 cents to $99.35 in afternoon trade. “The US stockpiles numbers out later today are in focus...

Oil’s slide below $100 a barrel on Monday adds to financial worries for OPEC members, prompting some in the producer group to voice concern about...

Somalia filed a suit against Kenya at the U.N.’s highest court, seeking to resolve a long-running dispute over which country has proprietary right...

Oil  prices rose on Tuesday on geopolitical tensions in crude producers Iraq and Libya as well as Ukraine, a key conduit for Russian gas exports to Europe,...