The U.S. has bought 6 million barrels of oil for the Strategic Petroleum Reserve for delivery through May 2025, the ...

NNPCL has pledged 272,500 barrels per day of crude oil through a series of crude-for-loan deals totalling $8.86bn.

U.S. jet fuel demand has fully recovered to pre-COVID levels, averaging 1.852 million barrels per day, surpassing its July 2019 peak. Revised EIA data shows increases in gasoline and distillate ...

Though trading below $80 a barrel, on August 9 ... and under-recovery on sale of LPG. Whither, fuel price cut? Minister of ...

The Nigerian National Petroleum Company Limited has pledged 272,500 barrels of crude oil per day through a series of ...

The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels in an effort to control fuel ...

“The average Brent crude oil price decreased from $83.55 to $78.54 per barrel, during the period ... This led to lower contributions to the Basic Fuel Prices of petrol by 85.59 cents a litre ...

Nigeria’s state oil firm NNPC Ltd has raised petrol prices by 11%, the second such increase in two weeks, a day after it ...

The Biden administration has been releasing oil from the Strategic Petroleum Reserve to try to lower fuel prices. Releases are at a record pace of roughly 1 million barrels a day, bringing the ...

The price of the variant of crude oil that India imports is currently around $73 a barrel. The last time crude ... the government has little incentive to cut fuel prices on purely economic grounds.