Crude oil prices have been pretty quiet so far this year. WTI, the primary U.S. oil price benchmark, has hovered around $70.

Crude oil stocks, not including the SPR, stood at 432.5 million barrels on February 14, according to the EIA. Image by mouu007 via iStock U.S. commercial crude oil inventories, excluding those in ...

According to the data published by the NUPRC, Nigeria’s crude oil production stood at 1.737 million barrels per day in January 2025. This represents an increase from the 1.667 million barrels ...

Sinopec Corp said on Monday the Chinese government has certified about 180 million metric tons, or about 1.3 billion barrels, ...

U.S. West Texas Intermediate crude futures fell $1.13, or 1.7 percent, to $66.55 a barrel on Thursday. This comes as the International Energy Agency reported that global oil supply could exceed ...

Distillate fuel inventories grew by 3.9 million barrels from the previous week. Crude oil imports increased by 98,000 bpd, averaging 5.9 million bpd. Over the past four weeks, crude oil imports ...

The Nigerian Upstream Petroleum Regulatory Commission has revealed that the volume of stolen crude oil in the country has reduced to 5,000 barrels per day, enabling oil production to rise to 1.75 ...

More recent transactions of April-loading cargoes were likely done at premiums of just above $2 a barrel, traders said. Prices differ for different oil producers and vessels, they added.

11 minutes Perovskites, a ‘dirt cheap’ alternative to silicon, just got a lot more efficient Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the ...

THE price of Nigeria’s Bonny Light crude oil fell by 10.6 per cent to $73.53 per barrel from $84.02 per barrel on January 15th, fuelling fears over achievement of the Federal Government’s ...

According to its latest short term energy outlook, the EIA sees U.S. crude oil production, including lease condensate, averaging 13.59 million barrels per day this year. Image by Pavel Muravev via ...