GLOBAL oil prices settled around $68 per barrel on June 25, after nearly reaching $80 just days earlier during the tensions ...

Well-supplied markets and weakening demand for crude concern American drillers.

OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at ...

More companies, governmental entities and regular people have been joining a class-action lawsuit in federal court involving allegations that some of the country’s largest oil producers have colluded ...

AFTER a hefty price increase in petroleum products last week, oil companies announced Monday that pump prices will drop by more than P1 per liter this week. Motorists will enjoy a P1.40 per liter ...

The refinery’s ability to unilaterally set prices or utilise penetration pricing strategies to eliminate competitors raises ...

Despite the ex-depot petrol price reduction by the Dangote Petroleum Refinery on Monday, many marketers have refused to adjust their pump prices, saying they could run into losses.

Low global oil stockpiles were a major motivating factor in prompting OPEC+ members to raise production by 548,000 barrels ...

Filipino consumers can expect a reprieve from high oil prices next week with a possible oil price rollback of as much as ...

A 24-page letter offers recommendations to Gov. Newsom. The commission also says refinery closures will add 15-30 cents to ...

The U.S. has urged China, Iran’s biggest oil customer, to stop Tehran from closing the Strait of Hormuz, which handles about 20% of global petroleum. WSJ’s Austin Ramzy looks at just how much ...

The Nigerian National Petroleum Company, NNPC, Limited and other petroleum marketers, on Monday, raised petrol pump price in Abuja and Lagos, following rise in crude oil price at the international ...