In a historic moment for Nigeria’s oil and gas industry, the new Otakikpo crude oil terminal, the country’s first indigenous ...

U.S. oil prices were up by about 1.8% at about 11:20 a.m. ET, with the July West Texas Intermediate contract up by $1 to $64.37/bbl. The August WTI contract was 87cts higher at $63.32/bbl.

Here is a look at what happened in oil markets in the week of June 2-6 and what the focus will be in the days to come.

Nigeria’s Dangote Refinery is importing rising volumes of U.S. WTI crude as domestic supply struggles and American grades ...

More than 30,000 people from 100 countries are expected to descend on the white-collar heart of Canada's oilpatch next week ...

Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » What's so special about ...

Broker Clarksons puts the newbuilding price of a conventional marine fuelled VLCC at $125m, down 3% from last year’s pricing ...

Iraq's oil ministry said on Thursday it holds the Kurdish regional government (KRG) legally responsible for the continued ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

New oil industry data shows Powder River Basin wells breaking even at $60 per barrel as global market forces create challenges and opportunities.

Brent crude futures dipped 23 cents, or 0.4%, to $65.40 a barrel by 0318 GMT, while US West Texas Intermediate crude was down ...

In 1977, in the aftermath of a devastating oil embargo by Arab members of OPEC, America's political leaders called for strong action. Congress responded by creating a strategic petroleum res ...