Nigerian petroleum marketers are increasingly aligning with the Dangote Refinery in response to a rise in depot fuel prices. ...

Oil prices were stable in early trade today, Jan. 16, after gaining nearly 3% the day before on a larger-than-expected drop ...

Oil prices steadied on Thursday a day after settling at multi-month highs on the latest U.S. sanctions on Russia and a larger ...

Oil prices were edging lower, but remain supported by concerns about the effect of U.S. sanctions on Russian flows and a ...

The Biden administration on Friday announced sweeping sanctions targeting Russian producers and tankers, disrupting supply ...

Spot prices for Middle East crude hit their highest level in over two years due to strong demand from China and India. The ...

Qatari Prime Minister and Foreign Minister Mohammed bin Abdulrahman Al-Thani confirms cease-fire agreement during press ...

Crude oil prices continued to rally on Thursday as a drop in US stockpiles and a softer inflation buoyed sentiments in the ...

Oil prices jumped in the wake of the new measures aimed at preventing Russia from shipping crude using a so-called "dark ...

Oil prices gained for a second session on Thursday, supported by worries over supply amid U.S. sanctions on Russia, a ...

Occidental Petroleum is poised for long-term growth and potential outperformance in 2025 due to stricter oil sanctions. Read more on OXY stock here.

(Bloomberg Opinion) -- A barrel of oil fetches about $80 on the global market. Consider the power of that price: It has ...