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LONDON (Agencies): The North Sea Transition Authority (NSTA) in the UK has issued an additional 31 licenses for North Sea exploration, marking the final phase of the 33rd oil and…
Abuja (Agencies): Nigeria, Africa’s largest crude oil producer, is set to receive a $1 billion loan from the African Export-Import Bank (Afreximbank) as part of a larger crude oil prepayment…
NEW YORK (Agencies): As the U.S. summer driving season approaches, retail gasoline prices are poised to rise. Experts predict that the average national price could hit $4 a gallon, although…
NEW DELHI (Agencies): As the transition to renewable energy sources continues, crude oil remains a primary energy source, according to the chairman of a state-owned company. Oil India Limited, a…
Tel Aviv (AP): A liquor store has opened in Saudi Arabia for the first time in over 70 years, a diplomat reported Wednesday, a further socially liberalizing step in the…
NEW YORK (Agencies): In a recent interview with CNBC, Daan Struyven, Goldman Sachs’ head of oil research, cautioned that global crude oil prices could potentially double if disruptions caused by…
WASHINGTON (Agencies): Following significant withdrawals of 180 million barrels from the Strategic Petroleum Reserve (SPR) in response to rising gasoline prices, there is a growing discussion about the need to…
NIAMEY (Agencies): Niger is gearing up to commence its first-ever crude oil exports in January, according to statements from the country’s military leader, General Abdourahamane Tiani. The commercial phase of…
ISLAMABAD (Agencies): In a significant move, the caretaker government of Pakistan has announced a substantial reduction in the prices of petrol and high-speed diesel (HSD) for the next two weeks.…
Niamey (Agencies): Niger is set to enter the global crude oil market next month, marking a significant milestone for the landlocked African nation, as reported by Reuters. The country’s military…