Gasoline prices—now well below an average of $3 per gallon nationally—and crude oil costs have plunged to their lowest levels ...

A new Nigerian crude grade, medium sweet Obodo, is set to enter the market in April, The PUNCH has learned. According to Argus Media on Thursday, an independent energy and commodity price benchmarks ...

Indian Oil Corp (IOC) reportedly skipped buying U.S. oil in its latest tender and instead turned to African and Middle Eastern grades. According to a Reuters report, IOC purchased 2 million barrels of ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a large draw of 4.8 ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Cierra Murry is an expert in banking, ...

According to the U.S. Energy Information Administration’s (EIA) latest weekly petroleum status report, which was released on August 27 and included data for the week ending August 22, there were 404.2 ...

Saudi Arabia cut the price of its flagship crude grade to the lowest level in five years, amid persistent signs of a surplus in global oil markets.

Crude oil stocks, not including the SPR, stood at 425.7 million barrels on December 5, the EIA's latest weekly petroleum ...