Nigeria has accumulated up to $3 billion in debts to trading houses such as Vitol and oil majors such as BP for fuel supplies and is...
Fuel scarcity in the UK has worsened in the last few days, forcing the government to suspend competition laws and allow firms to work together to...
Exxon Mobil Corp on Tuesday posted a historic annual loss after the COVID-19 pandemic hammered energy prices and reduced the value of the company’s shale gas...
Crude oil price has climbed above 80 dollars per barrel for the first time in three-and-a-half years amid simmering global tensions over Iran. Brent crude has...
US oil producers are reaping the benefits of OPEC’s efforts to balance the crude market by flooding Europe with a record amount of crude, hurting traditional...