Oil prices rose on Wednesday as investors weighed strong U.S. gasoline demand data, attacks on shipping in the Red Sea, and a forecast for lower U.S. oil production. Brent crude futures were up 38 cents,

TANZANIA has made major strides in enhancing local participation in the oil and gas industry, with the Petroleum Upstream Regulatory Authority (PURA) announcing that Tanzanian involvement in sector operations has reached an impressive 85 percent.

Oil prices edge higher in volatile trading as investors weigh a sharp rise in U.S. crude inventories and global trade risks against attacks on shipping in the Red Sea. Brent crude rises 0.4% to $70.45 a barrel,

U.S. crude oil stockpiles rose unexpectedly last week, while gasoline drew down on the back of strong driving demand ahead of the July 4 weekend.

Crude oil inventories in the US increased more than expected in the week ended July 4, marking the second consecutive weekly rise, according to a repo

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a significant rise in the nation’s oil rig count, increasing from

Crude oil inventories in the United States increased by 7.1 million barrels during the week ending July 4, according to new data from the U.S. Energy Information Administration (EIA) released on Wedne

WTI crude oil is rebounding from its long-term support at $66, while natural gas prices are consolidating within the ascending channel, awaiting the next move.

Crude oil futures traded lower on Wednesday morning after an industry report showed an increase in US inventories for the week ending July 4. At 9.52 am on Wednesday, September Brent oil futures were at $70.04, down by 0.16 per cent, and August crude oil ...