It’s no secret that countries with outsized oil production maintain an advantage over other countries. This typically ...

The price of octane-95 fuel is N839 per litre. For comparison, the average price of fuel in the world for this period is N2035.40. However, there is a substantial difference in these prices among ...

The supply of crude oil is limited, however, and cannot be increased further, since it has become increasingly difficult to find and develop new oil reserves in recent years. As a result ...

Donald Trump threw yet another tantrum Thursday about Federal Reserve Chair Jerome Powell ... “Other than that, I like him very much! “Oil and Energy way down, almost all costs (groceries ...

Saudi Arabia wants U.S. help developing its own civil nuclear program, and the Trump administration says it is “very excited” ...

May 7 (UPI) --The Federal Reserve on Wednesday announced the lending ... just off the record 3,425.30 on April 25. A barrel of oil has been at the lowest level since 2021. On Wednesday, West ...

Plans to transition the Libyan economy away from Qadafi’s socialist-leaning model have all-but stalled amid persistent political chaos. Despite the nation’s robust oil reserves and the revenue ...

With 264.251 mb, Saudi Arabia is the world's country with the largest proven oil reserves followed by Iran 138.400 mb; the group of countries formerly belonging to the Soviet Union 128.254 mb ...

U.S. oilfield services provider Weatherford is resuming operations in Libya after a ten-year absence, signaling increased ...

OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in ...

Some 250 executives explored business opportunities during last month's Libyan-American Forum for Development and ...