Crude oil remained in positive territory, but the gains were lukewarm with the May contract up 22cts at $71.42/bbl. Even with mostly nominal West Texas Intermediate gains, the contract's current price is close to the highs of the day. June Brent was also marginally higher, picking up just 11cts with a last print of $74.60/bbl.

U.S. crude oil stockpiles rose sharply last week as refinery utilization declined and imports rose and the market braced for new tariffs from the Trump administration, the Energy Information Administration said on Wednesday.

President of the United States, Donald Trump, on April 2, 2025, announced the enforcement of sweeping tariffs on all goods imported into the country, a move that has placed over N323.96bn worth of Nigerian exports at risk.

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has accused domestic refineries of importing substandard crude into Nigeria.

Crude oil and refined product contracts were lower at midday Friday, but remained on track to end the week with solid gains. The declines come as equity markets were sharply lower on concerns over ...

Tariffs on Canadian and Mexican energy imports disrupt trade flows, adding volatility to crude oil and refined product markets. OPEC+ raises output for the first time since 2022, sparking supply ...

The US is India's largest exporter, with total outbound trade reaching $60 billion in the April-December period of FY25

After a few months of solace, Nigerians could be facing another hardship as fuel prices surged due to the Federal Government’s reluctance to sell crude oil to the Dangote refinery in naira, largely influenced by the brazen activities of oil mafias,

This will require both technical and economic derisking to ensure returns on investment Uganda is part of the 14 Eastern Africa regional countries as defined by the African Union, others include Kenya,

Canadian oil producers are benefiting from the strongest demand for their product in years, as threatened U.S. tariffs and stronger sanctions against competitors such as Venezuela lifted their crude to a four-and-a-half year high versus the U.

The imposition of US tariffs on India’s energy sector is not merely a geopolitical concern—it is a complex legal issue with broad ramifications for corporates which will increase legal discourse between corporates across the industry supply chain,