Top executives at Canadian oil producers Suncor Energy (SU.TO)(SU) and MEG Energy (MEG.TO) say 2025 is off to a strong start ...

Oil prices edged lower on Wednesday, after bouncing back from a sharp sell-off earlier in the week, as investors turned their focus to US-China trade talks this weekend. Brent crude futures were down ...

Mozambican President Daniel Chapo on Wednesday announced the construction of the country's first oil refinery, a project to be completed within two years and produce 200,000 barrels of fuel per day.

The oil market appears to be telling Saudi Arabia that its shift to pumping more oil after five years of cutting output was ...

Crude oil inventories in the United States saw a decrease of 2 million barrels during the week ending May 2, according to new data from the U.S. Energy Information Administration released on Wednesday ...

U.S. crude stocks and distillate inventories fell last week, while jet fuel demand rose to a five-year high, the Energy ...

M barrels. Crude inventory change: -2.0M barrels vs. -2.7M barrels for the week ended April 25. Consensus estimate -1.700M ...

U.S. crude oil inventories fell by 2 million barrels to 438.4 million barrels in the week ended May 2 and were about 7% below ...

Recently, we saw crude oil prices dip below $60 per barrel, a sharp drop from over $65 earlier this year. In the latest episode of MoneyBrief with UgoDre, we nosedive into this decline, which raises ...

Crude futures rebound on China trade talk optimism, lower U.S. output, and bullish chart signals—setting up a potential ...

Q1 2024 Snapshot In Q1 2024, global oil trade flows highlighted the shifting balance of supply and demand: 🔹 United States sustained strong refined product exports (6.4 mb/d), maintaining its net ...

ExxonMobil has affirmed its long-term commitment to Nigeria’s oil and gas sector with a planned $1.5 billion investment in deepwater ...