The world, in perspective.

Oando Plc has reduced its production operating costs by 22% to $15.39 per barrel in the nine months ended September 2026, as daily production rose by 14%. Read More: https://punchng.com/oando-reduces-production-costs-to-15-39-per-barrel/

U.S. stocks are soaring Wednesday after President Donald Trump's party lost its sole control of Washington in the midterm elections.

Crude oil prices tumbled Wednesday after Vice President JD Vance blamed the Republicans' steep midterm election losses on the Iran war.

The disruption of shipping through the Strait of Hormuz has drained nearly one billion barrels from global oil inventories, exposing the need for a fundamental rethink of energy security, the Adipec conference in Abu Dhabi heard on Monday. “Simply put, the world has eroded its supply buffers,” said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Te

You'd think someone else would've successfully taken gore to the next level.

Four oil tankers, including a 'supertanker' carrying more than two million barrels of oil, have hit mines and caught fire while travelling through the Strait of Hormuz.

Eleven EU countries have pledged to jointly release 42.6 million barrels of oil from strategic reserves by January 2027, following a G7 agreement. Read More: https://punchng.com/eu-to-release-42-6m-barrels-of-oil-after-g7-pledge/

Europe will release 42 million barrels of oil reserves into the market over the next three months as part of its commitment to ease prices, France’s economy minister Roland Lescure said on Thursday. Half of that release will be diesel, Mr Lescure said ahead of a meeting of EU energy ministers in Luxembourg. Group of Seven nations agreed last month to release

After a 57-year drought, one of the game's great franchises has its first championship.

Stubbornly high prices at the pump offered little hope for drivers looking for some relief.

<p>President at Texas campaign rally hails deal struck with post-Maduro government as ‘greatest oil victory in history’</p><p>Donald Trump suggested Venezuela would become the 51st state of the United States on Tuesday as the president showed off a tanker he claimed had “one million barrels of oil on it” from the country, nine months after <a href="https://w

President Donald Trump and Secretary of State Marco Rubio on Tuesday plan to show off a newly arrived oil tanker filled with Venezuelan crude to be processed in Texas refineries.

Nigerian domestic refineries received over 127 million barrels of crude oil and condensate between January and September 2026, the NUPRC has disclosed. Read More: https://punchng.com/domestic-refineries-receive-127m-barrels-of-crude/

Nigerian domestic refineries received over 127 million barrels of crude oil between January and September 2026, the NUPRC has disclosed. Read More: https://punchng.com/refineries-received-127-million-barrels-of-crude-in-nine-months-nuprc/

US Central Command says more than 3,000 commercial vessels have transited the Strait of Hormuz with its support.

Investors have grown increasingly concerned that the war in Iran could escalate again, putting energy supplies at greater risk.

<p>Brent crude increase follows Tehran threatening retaliatory attacks on Gulf refineries and datacentres</p><p>Oil has hit its highest level in more than six months as fears of fresh escalation in the Middle East conflict grip the energy markets.</p><p>Brent crude, the international benchmark for oil, rose by about 3.5% on Friday to pass $117 a barrel at on

The defence secretary says the UK is "back in the business of making weapons" for its armed forces.

"Basically, your sales curve becomes like a roller coaster."