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Oil Demand Newsletter
  • Govt may levy duty to mop up windfall gains of fuel retailers 19 Jan 2026 20:34 GMT

    … given global geopolitical uncertainty. Refiners are currently earning gains … pricing of these sensitive fuels, the people cited … and the ministries of petroleum and finance did not … oil demand… We forecast the Brent crude oil price will average $56 per barrel

  • Energy Chamber: V'zuelan oil could be viable option 19 Jan 2026 20:48 GMT

    … , TT imported over 18 million barrels of crude oil from Venezuela, which at … the TT Energy Conference (or Petroleum Conference as it was originally … meet this demand; therefore, imports were necessary to keep the refinery operational …

  • Fuel war: NNPC Retail buckles under vicious Dangote/MRS challenge  19 Jan 2026 17:12 GMT

    … with the struggling national oil company. NNPC Retail, … fuel importation, NNPCL became the sole importer and supplier of refined petroleum … 650,000 barrels per day capacity Dangote Refinery in … compete with cheaper Dangote fuel, demand for their products fell …

  • Tema Oil Refinery can cut Ghana's fuel imports by half if fully revived – Deputy MD 19 Jan 2026 19:53 GMT

    … Director of the Tema Oil Refinery (TOR), Alhaji Mustapha … Akwaaba Refinery and other facilities, could refine enough crude locally … barrels of petroleum products per day, compared to Ghana’s national demand … only critical to reducing fuel imports but also …

  • FUEL PUMP PRICE SHOCK TUESDAY: Diesel up P2/liter, gasoline by P1 19 Jan 2026 17:56 GMT

    … volatility in global crude trading. “The prices of crude oil and refined fuel products have … largest oil producer among members of the Organization of the Petroleum … Exporting Countries. “Since the difference between world supply and world demand

  • Smuggled oil products undermining local industry 19 Jan 2026 18:23 GMT

    … monthly through illicit vegetable oil imports – arising from … oil palm industry has enough capacity to meet domestic demand, … noting that existing crude palm oil refineries have a … against an estimated national demand of 300,000 tonnes …

  • Non-Oil Exports Boost Nigeria’s FX Earnings As Trade Value Hits $6.1bn In 2025 – NEPC 19 Jan 2026 20:38 GMT

    … foreign exchange earnings away from crude oil, according to data from … global demand and policy reforms aimed at strengthening non-oil trade … The increase in non-oil export earnings aligns with … , and reduce vulnerability to oil price shocks. However, NEPC …

  • Russia's oil, gas revenues to drop by 46% in January year-on-year, Reuters reports 19 Jan 2026 18:03 GMT

    … since August 2020. Globally, oil prices have experienced the steepest … sanctions against the Russian fossil fuel sector to undermine its … the end of 2027. With demand in Europe declining, Russia … , and elsewhere, offering its oil at steep discounts. The Trump …

  • Alcoholic Flavors Market US$10.7 Bn by 2033 Driven by Premiumization and Craft Beverage Demand 19 Jan 2026 21:00 GMT

    … and beverage industry, increasing consumer demand for premium and experiential products … profiles inspired by aged spirits, barrel finishes, and regional alcohol varieties … Essential Oil Market Opportunities: Cardamom Essential Oil is one kind of oil that …

  • China need not fear the new US oil order 19 Jan 2026 16:44 GMT

    … Assembling an oil cartel with the sway to rival OPEC, and … petroleum being used as a geopolitical weapon, occasions when fossil fuel … 10 percent of China’s crude, and most major suppliers … about 1.76 million barrels of Chinese oil demand this year, roughly …

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