Axis Capital said ONGC’s earnings are expected to moderate amid a weak crude oil price outlook. It said crude prices were likely to remain under pressure due to rising supply and muted demand.

President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has called for an investigation of the operations ...

The IEA, meanwhile, projects output will exceed consumption by 3.8 million barrels a day in 2026. Read more at The Business ...

The Standing Committee of the National Board for Wildlife (NBWL) is considering a proposal to allow state wildlife boards to ...

The U.S. is targeting Cuba to destabilize Venezuela, with Secretary of State Marco Rubio backing a strategy that cuts off ...

The U.S. is weighing its military options in oil-rich Venezuela, influencing elections in other South American petroleum nations, and increasingly trying to control natural resources in the Americas.

The refinery subsists beyond Dangote’s personal triumph. It is Nigeria’s proof of concept: that greatness is possible here ...

Firms with ties to Cuba are getting a larger share of Venezuelan oil exports, as the island’s security agents boost President ...

While Gov. Newsom touted the state’s environmental efforts at the UN climate summit, toxic spills and a new law speeding ...

The Trump White House confirms efforts to restore the nation's emergency oil reserve following its depletion during the ...

Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the ...

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