Oil markets are facing a supply glut, with non-OPEC producers on track expand production by 1.5 million barrels of oil a day, ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...

The surplus could provide a buffer for prices against potential supply-side price shocks from conflicts in West Asia and ...

ExxonMobil announced on Wednesday it has reached 500M barrels of oil produced from Guyana's offshore Stabroek block ...

The company also stated that it is set to hit the two million barrels per day target set by President Bola Tinubu by December ...

U.S. crude oil inventories rose 2.1 million barrels to 429.7 million barrels, surpassing analyst expectations for an increase ...

Global oil markets face a surplus of more than 1 million barrels a day next year as Chinese demand continues to falter, ...

Oil prices edged down early on Friday as oversupply concerns and demand worries stemming from a stronger dollar outweighed a ...

UBS slashed its price forecast for global benchmark Brent to $80 per barrel on weakening demand in China, the world’s largest ...

The Nigerian National Petroleum Company Limited, NNPCL, and its partners have increased crude oil and gas production to 1.8 ...

Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar's ...

The Organization of Petroleum Exporting Countries (OPEC) has reported Nigeria’s crude oil output, excluding condensates, as 1 ...