2025 has seen the crude oil market as a crucible of volatility, shaped by a cascade of global events that demand the ...

W ASHINGTON, 12th April, 2025 (WAM) – U.S. crude oil exports in 2024 surpassed the previous record set in 2023, exceeding an annual average of 4.1 million barrels per day (b/d). Despite this new ...

Operatives of the Nigerian Security and Civil Defence Corps have arrested one person over illegal oil bunkering. This is as the operatives destroyed a boat containing illegally obtained crude oil ...

Oil-dependent governments are coming under pressure from the lowest crude prices since the COVID-19 pandemic, with officials preparing policy responses for a drop in revenue such as issuing more ...

Officials say the amount of crude oil spilled, near Fort Ransom, is estimated at 3,500 barrels (147,000 gallons). The pipeline was shut down after the leak was found. The release is confined to a ...

The price of WTI Crude oil is around $57.70, and Brent is at $60.69. Experts warn of further declines due to escalating trade tensions.(Photo: Bloomberg) Both benchmarks have tumbled over the five ...

But there are probably few industries feeling more aggrieved right now than US shale oil. Over the last 15 years, it has made America the world’s top crude producer, lowered energy costs and ...

NEW YORK, April 9 (Reuters) - U.S. crude oil stockpiles rose last week as imports increased and exports fell to their lowest since January, while gasoline and distillate inventories drew down ...

Crude prices climbed back above $60 a barrel as investors breathed a sigh of relief. By Rebecca F. Elliott U.S. oil prices bounced back to around $62 a barrel on Wednesday afternoon, more than ...

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in ...

The rupture occurred at milepost 171, near Fort Ransom, South Bow said. A release of crude oil from the pipeline was confined to an agricultural field south of the pump station, Suess said.