As traders worried that a developing banking crisis may slow down global economic development, oil prices fell dramatically on last Wednesday.
West Texas Intermediate futures hit...
Uganda has officially began drilling for crude oil in the Kikuube and Hoima districts' Kingfisher Oil Field (KFDA).
Several government representatives and President Yoweri Museveni...
Oil prices hovered near two-month lows on Monday as supply fears receded while concerns over China’s fuel demand and rising interest rates weighed on...
India's foreign minister says purchasing oil from a "steady and time-tested partner" is economically advantageous.
Foreign Minister Subrahmanyam Jaishankar said during his first visit to...
The National Petroleum Authority (NPA) has fined nine oil marketing companies GH¢2.22 million for engaging in illicit Third-Party trading of petroleum products, and unlawful...
Russia has become China's biggest supplier of oil as the country sold discounted crude to Beijing amid sanctions over the Ukraine war.
Imports of Russian...