The chairman of Heirs Holdings, Mr Tony Elumelu, has stated that Nigeria needed increased oil production to fund the country’s economic diversification and development. Elumelu made the declaration at ...

At least 1.5 million tons of crude oil has been split in the Niger Delta since 1958, according to the UN's Environment Program (UNEP).

Clarke County EMA responded to a spill on a private road off Highway 18 East of Quitman near County Road 446, involving crude ...

Kolo stream crude trunkline in Bayelsa has ceased receiving crude feeds after an oil spillAccording to the Shell Petroleum ...

South African petrochemical giant Sasol has seen its earnings tank in the first half of the year, with no dividend in sight.

Will Kurdistan’s exports ease supply constraints? Learn how geopolitical tensions impact natural gas and oil prices.

Oil prices slipped in Asia on Monday, extending losses from last week, on the prospect of a resumption of exports from Kurdistan's oilfields, while investors awaited clarity on talks to resolve Russia ...

Also, recent data from the EIA reinforce oil prices' bearish trend, the research strategist said adding that the increase of 4.6 million barrels in U.S. crude inventories for the week ended Feb. 14 ...

The rupee has depreciated against USD by close to 4 percent over the last five months, triggering hand-wringing. The anxiety is misplaced as a weaker rupee can boost key export-intensive segments even ...

Oil prices slipped in early trade on Monday, extending losses from last week, on the prospect of a resumption of exports from ...

Oil prices were mixed in the early Asian session, but may be weighed by prospects of more supply.