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Again, Nigeria’s OPEC Oil Output Slips Despite FG’s Assurances
16 Jan 2026 04:06 GMT
… Organisation of Petroleum Exporting Countries (OPEC) based on … Elsewhere across Africa, crude oil production trends were … fuels will take place more slowly than some predictions.
OPEC expects oil demand … to rise by 1.34 million barrels …
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Asia’s Diesel backwardation narrows; jet fuel Feb sales emerge
16 Jan 2026 06:24 GMT
… February refiner spot activity staying brisk and jet fuel offers … 60-70 cents a barrel, following softer performance in … .
NEWS
– OPEC on Wednesday said world oil demand would rise at … Organization of the Petroleum Exporting Countries, or OPEC, but added …
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BPCL, HPCL, IOC stocks rally up to 4% on sharp retreat in crude oil prices
16 Jan 2026 07:06 GMT
… 63.76 per barrel, while WTI crude futures fell 4. … Organization of the Petroleum Exporting Countries (OPEC), is facing its …
On Wednesday, OPEC said oil supply and demand would remain balanced … Cheaper crude lowers the overall expense of refining and fuel …
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Oil Prices Slide as Global Supply Signals Strengthen
16 Jan 2026 07:26 GMT
…
Brent crude retreated to the mid-$64 per barrel range, … same time, OPEC maintained its outlook that oil demand growth in … from recent highs.
Fuel oil prices in Fujairah reflected … ongoing adjustments in shipping fuel demand and regulatory compliance.
Taken …
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Asia Fuel Oil Differentials improve on higher marine fuel uptake
16 Jan 2026 04:52 GMT
… noting better downstream demand for marine fuel in recent days. … 3.50 a barrel.
INVENTORY DATA
– Singapore residual fuel inventories (STKRS- … price for al-Shaheen crude oil loading in March at … , Taiwan’s largest private refiner, will extend the shutdown …
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Oil traders wrestle with geopolitical trifecta and elusive glut: Bousso
16 Jan 2026 05:10 GMT
… market.
Brent crude opened the year at $61 a barrel before slipping … global crude supplies appear to be rising sharply, threatening to outpace demand … -called “oil on water” typically rises when supply is outstripping demand.
Of …
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After Farouk’s exit, Dangote Refinery petrol supply up 64%
16 Jan 2026 06:14 GMT
… supply from the Dangote Petroleum Refinery and Petrochemicals has surged … supply fell below national demand benchmarks.
Nigeria’s … Automotive Gas Oil (diesel) supply from domestic refineries remained limited … supply gap and strengthening fuel security in the …
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Oil oversupply expected to cushion major price shock if US attacks Iran
16 Jan 2026 06:28 GMT
… driven moves, versus where the demand supply fundamentals are.”
The … a significant amount of global crude oil supplies taken off the market … lasting impact on oil prices, because the demand supply balance is … lower at $63.76 a barrel at 6.23pm UAE time …
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Oil palm farmers worry over increasing smuggling
16 Jan 2026 07:18 GMT
… monthly through illicit vegetable oil imports, arising from under … oil palm industry has the 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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Oil falls from multi-month highs as tech stocks lift Wall Street
16 Jan 2026 05:05 GMT
… , while oil and gold fell off recent highs as demand for safe … of the Organization of the Petroleum Exporting Countries, in response to … .
US crude fell 4.34pc to $59.33 a barrel and Brent … .09pc to $63.80 per barrel.
Gold, which thrives as a …