Crude oil prices surged over 18% in June, driven by consistent demand and increasing geopolitical uncertainty, the analyst points out. Iran holds 3% of global oil supplies.

U.S. crude-oil production was at 13.44 million barrels per day for the week ended June 20, down from 13.57 million three months ago, according to the Energy Information Administration.

Green Energy completes first onshore Otakikpo terminal Conoil launches Obodo crude grade Renaissance Energy plans $15 bln investment over 5 years LAGOS, June 3 (Reuters) - Nigeria is witnessing a ...

Alan Brugler, A&N Economics, says bean oil got support from a nearly $5 rally in crude oil but was mostly a reaction to the EPA’s proposed Renewable Volume Obligations, which were especially ...