NNPC and Chevron confirm significant hydrocarbons in Awodi-07 well, boosting Nigeria’s production outlook and energy security ...

Most of the country's oil is extra-heavy crude from the Orinoco Belt, which requires more energy to extract, transport and refine than lighter grades. The crude is also sour, meaning it contains high ...

Venezuela's official 300 billion barrels of proven oil reserves is largely the result of reclassification and political ...

SANTIAGO, Chile, Oct. 23 (UPI) --Latin America is gradually positioning itself as a key player in the global energy landscape. Investments in oil and gas are revealing a different side of the region, ...

Crude oil is historically very undervalued versus gold, with the gold-to-oil ratio near modern record highs above 70x. Market sentiment may be overly bearish on oil, as commercial traders are nearly ...

CNOOC Ltd announced Wednesday a "major" discovery in the Qinhuangdao 29-6 oilfield in the central Bohai Sea with estimated in-place resources of over 100 million oil equivalent tons. "The main ...

The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the discovery of a new oil well, Awodi-07, in the shallow offshore western Niger Delta region.The disclosure was contained in a ...

India significantly reduced its Russian crude oil imports in December 2025, falling 29% month-on-month. This decline, the lowest since the G7 price cap, was driven by cuts at Reliance's Jamnagar ...