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Oil Demand Newsletter
  • Governor Newsom Ineptly Self-Congratulates on Benicia Valero Refinery News 12 Jan 2026 12:37 GMT

    … fragile fuel supply system,” the California Fuels … to stabilize the petroleum fuels market, cut pollution … crude production. Venezuela to U.S. refineries: … demand for oil is declining. Global oil demand and consumption increased to 203 million barrels

  • Does Washington’s Global War Against China’s Oil Suppliers Stand Any Chance of Success? 12 Jan 2026 14:36 GMT

    … months. Almost 82 million barrels is currently on tankers in … purveyor to China whose crude oil reserves are the world’s … ’s Gazprom and China National Petroleum Company (CNPC) agreed to … to helping Ukraine target Russian oil refineries. There is also talk …

  • Why 2026 could see a global oil surplus despite Middle East chaos 12 Jan 2026 15:09 GMT

    … 63.16 per barrel, while West Texas Intermediate crude slipped to $ … 58.87 per barrel. The … disruptions from one of OPEC’s key producers. More … oil prices to face downward pressure as global supply growth outpaces demand

  • No more petrol imports as Dangote Refinery meets local demand – Oil marketers  12 Jan 2026 11:30 GMT

    … the fuel supply arrangement between the Dangote Refinery and 20 major petroleum marketers … rising demand and enhance access, competition, and efficiency. Also, independent oil marketers … in the downstream petroleum market. The 650,000 barrels-per-day facility …

  • Dangote Refinery Now Main Petrol Supplier As Marketers Play Down Imports 12 Jan 2026 13:50 GMT

    fuel supply dynamics appear to be shifting as oil … insufficient to meet national demand consistently. Marketers Report … Dangote Refinery Rejects Import Claims Dangote Petroleum Refinery strongly rejected … 650,000-barrels-per-day refinery described the reports …

  • WoodMac Sees USA Tight Oil Output Shrinking in 2026 12 Jan 2026 13:30 GMT

    … .S. crude oil output, including lease condensate, averaged 13.23 million barrels per … meet next decade demand. Rising data center power demand adds weight to … . Rigzone has contacted the American Petroleum Institute (API), the U.S …

  • Prabowo inaugurates Indonesia's largest oil refinery in Balikpapan 12 Jan 2026 14:04 GMT

    … Indonesia’s largest oil refinery. In a … refinery has a processing capacity of up to 360,000 barrels of oil … per day, equivalent to about one quarter of national demand … . Its output includes fuel products, liquefied petroleum gas …

  • Goldman forecasts lower oil prices in 2026 due to rising supply 12 Jan 2026 11:41 GMT

    … , and Iran will continue to fuel volatility. This was reported by … to slowing non-OPEC production and continued strong demand growth. The investment … ; 0.5 million barrels per day, respectively. Oil prices rise amid protests …

  • Global Oil Trading Faces Critical Market Disruption in Brussels 2026 12 Jan 2026 15:09 GMT

    … shifting demand patterns converge to reshape the movement of crude oil across … governments, producers, refiners, and traders to rethink how oil is sourced, priced … force shaping global oil trading, with emerging economies sustaining demand despite broader …

  • Palm ends higher on strong export demand, anticipation of weaker output 12 Jan 2026 12:24 GMT

    oil futures edged higher on Monday, supported by stronger export demand … global vegetable oils market. Oil prices dipped, after … OPEC producer, while investors also weighed efforts to resume oil … exports from Venezuela. Weaker crude oil futures …

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