ONGC had in June last year floated a tender seeking foreign partners to reverse declining output at its flagship Mumbai High ...

Brent crude was down around 1.2 per cent to $76.16/bbl, while US West Texas Intermediate crude fell around, or 1.05 per cent, ...

Global energy major BP has pledged to lift oil production by 44% and gas output by 89% from India's largest field off its ...

A top APC governor has given two reasons why Nigeria, despite its "capacity", is not producing 3 million fuel barrels per day ...

Chairman of Tantita Security Services Nigeria Limited (TSSNL), Chief Government Ekpemupolo, alias Tompolo, said the group ...

The oil market faces strong resistance, while natural gas positions for a positive move driven by robust heating demand.

Oil marketing companies (OMCs) update petrol and diesel prices every day at 6 AM to ensure transparency and reflect the ...

Oil prices fell on Thursday, extending losses from the previous day, pressured by large builds in U.S. fuel inventories last ...

KUALA LUMPUR: Malaysian palm oil futures settled lower on Wednesday, weighed down by export demand concerns and uncertainty over Indonesia’s biodiesel mandate.

The EIA reported that gasoline stocks rose last week by 6.3 million barrels last week to 237.7 million barrels, compared with expectations for a 1.5 million barrel build; and distillate stockpiles ...

THE price of prompt Brent crude futures on Wednesday rose to a near five-month high over the price for oil six months later due to tightening supply and expectations for a revival in Chinese demand.

Donald Trump’s claim that the United States doesn’t need anything from Canada is “simply false,” said Jonathan Wilkinson, ...