The Minister of State Petroleum (oil), Heineken Lokpobiri has said that the 2.06 million barrels per day oil projection in the 2025 budget is realisable. The minister made the statement following the ...

Oil steadied after a two-day drop as an industry report signaled a sizable drawdown in US commercial crude inventories. Brent crude traded above $73 a barrel after shedding 1.8% over the previous ...

Two stricken oil vessels, both more than 50 years old, have spilled oil along a vast stretch of the Black Sea coast in Russia. The contaminated area includes popular tourist beaches where hundreds ...

ABUJA, Dec 18 (Reuters) - Shell (SHEL.L), opens new tab has received approval from Nigeria's oil minister for the sale of $2.4 billion in onshore and shallow-water assets to Renaissance Group ...

(Bloomberg) -- Oil rose as strong US crude exports signaled ... Crude has traded in a narrow band for the past two months, supported by geopolitical tensions in the Middle East and Europe, and ...

The pan-European STOXX 600 index ended 0.4% lower, its lowest closing level since Dec. 2. The oil and gas index dropped 1.3% to its lowest level in 17 months as crude prices slid after economic ...

Unverified social media videos showed one tanker split in two, surrounded by an oil slickImage: Russian Southern Transport Prosecutor's Office via AP/dpa/picture alliance Officials had yet to ...

Two massive Russian oil tankers were split in half by strong storms in the Black Sea. Each carried thousands of tons of oil. NBC News' Priya Sridhar reports.Dec. 16, 2024 ...

A massive oil spill involving two Russian tankers is underscoring the dangers of the dark fleet of ships that's been boosting President Vladimir Putin's war chest. On Sunday, the Volgoneft 212 and ...

Maintenance at the Primorsk port and pressure to comply with OPEC+ production cuts have reduced Russian oil exports. Western sanctions, including the targeting of the Russian shadow fleet ...

Shock footage has captured the moment a Russian tanker carrying over 4,000 tonnes of oil has sunk in the Black Sea. Two vessels, Volgoneft-212 and Volgoneft-239, ran aground on Sunday in the Kerch ...

(The Russian Southern Transport Prosecutor’s Office via AP) MOSCOW (AP) — An estimated 3,700 tons of low-grade fuel oil had spilled into the Kerch Strait after two Russian ships were seriously damaged ...