China has identified newly proven oil equivalent reserves of 55.56 million tons in the Tarim Basin, located in the Xinjiang ...

OTTAWA — Statistics Canada says manufacturing sales rose 0.8 per cent to $71.5 billion in November, helped by higher sales in ...

Following a 2.1% increase in October, total manufacturing sales rose 0.8% to $71.5 billion in November, on higher sales in 13 of 21 subsectors. The aerospace product and parts industry group (+9.3%) ...

The Lukoil refinery is one of the largest producers of petroleum products in the Southern Federal District, processing 13.5 ...

Iraq and British oil giant BP are set to finalize a major agreement involving four oil and gas fields in the northern city of Kirkuk in early February, ...

Indonesia points way Oluwatayo Aduloju, chief executive officer at Nigerian Economic Summit Group (NESG) has expressed regret that Nigeria, ...

Sentiment has been boosted Wednesday after data showed the headline consumer price index increased by 0.4% month-on-month in December, slightly faster than a pace of 0.3% in the prior month. Compared ...

Taxes now account for 45.8 percent or Sh80.91 in the price of a litre of petrol and 41.14 percent (Sh69.2) per litre of ...

Opec, in a monthly report, said demand will rise by 1.43 million barrels per day in 2026, a similar rate to the growth of ...

The US government’s Energy Information Administration projected a widening oil surplus in its own first look at 2026 on ...

Oil prices crept higher on Wednesday as the market focused on potential supply disruptions from sanctions on Russian tankers, ...

Occidental Petroleum just rewarded shareholders with a quarterly dividend. This Buffett favorite had hiked its payout ...