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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …