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Government receives interim report on possible restart of oil refinery
06 Dec 2025 20:34 GMT
… regional and extra-regional demand for low-sulphur fuels.
Prime Minister Persad-Bissessar … approximately 100,000 barrels of crude oil a day for the refinery. That means spending … the price you pay for fuel,” he said during a November …
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Oil prices expected to stay weak in 2026
06 Dec 2025 21:46 GMT
… between $61 and $71 per barrel. This is certainly positive news … in prices due to rising demand, especially if production is … oil and petroleum products. Such a move would increase the supply of crude … .
On the other hand, OPEC+ countries cannot fully commit to …
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‘Crippling prices’: Manufacturers demand gas reservation
06 Dec 2025 18:37 GMT
Global prices surged in 2022 when Russia invaded Ukraine, resulting in sanctions on Russian gas exports and a global energy crunch. Meanwhile, the cheapest domestic gas reserves, including vast Bass Strait oil and gas fields that have supplied the south- …
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Oil climbs to two-week high on Fed rate-cut signals, supply concerns
06 Dec 2025 18:14 GMT
… 25 basis points.
Brent crude futures settled at $63. … US West Texas Intermediate (WTI) crude finished at $60.08. … determine whether oil supplies from the two sanctioned Opec+ members will … sources estimated.
Weaker coal demand weighed on prices, with weather …
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Qatar stated that AI demand and insufficient investment could lead to LNG shortages
06 Dec 2025 17:25 GMT
… of Energy stated that global demand for liquefied natural gas will … that the biggest problem for oil prices is a global … Kaabi noted that the ideal oil price for financing the … 80 per barrel. Qatar withdrew from the Organization of the Petroleum Exporting …
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India’s Russian oil boom undermines Western sanctions, Ukrainian officials warn
06 Dec 2025 16:36 GMT
… refiners continue buying discounted Russian crude and exporting refined fuel … $200 per barrel." He … demand that analysts say would collapse if Russian-origin crude … petroleum products produced out of Russian oil, they should shut down Turkish refineries …
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NNPC Settles $3bn Loan Using N991bn Worth of Crude – Report
06 Dec 2025 14:27 GMT
… National Petroleum Company Limited (NNPC Ltd) has reportedly used crude oil … partly used to ease demand pressure in the forex … loan, including repayment schedules, barrels pledged, and the long- … NNPC. Although the Dangote Refinery and other domestic refining …
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Production Outages in Nigeria and Other Members Push OPEC Crude Output Down in November
06 Dec 2025 14:10 GMT
… in the Organisation of Petroleum Exporting Countries’ output … balancing supply and demand, taking into account … create ripple effects across fuel prices, refining operations … oil extraction and export logistics.
In conclusion, the November decline in OPEC crude …
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Delta Oil Communities Want NOSDRA DG Sacked, NEPL Management Overhaul
06 Dec 2025 12:36 GMT
… compensation for spills, hazardous oil waste pollution
Omon-Julius … realities in the Ijaw oil producing communities by defending … mincing words about their demand for compensation and remediation … in line with the Petroleum Industry in Nigeria ( EGASPIN …
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Oman’s refinery output rises 10.9% in 2025 as fuel and petrochemical production climbs
06 Dec 2025 12:13 GMT
… dip in car fuel output compared to September. Key oil derivatives and … to 2.16 million barrels.
Premium 95 fuel recorded an even stronger … 5.28 million barrels, reflecting softer aviation-sector demand.
Liquefied petroleum gas (LPG …