… friendly practices by the Oil and Gas Regulatory Authority … Refinery Limited, was also copied to the Federal Minister for Energy (Petroleum … Secretary of Petroleum, and the DG Oil, highlighting the … demand and supply dynamics. They warned that linking jet fuel …

… to exceed demand by as much as 4 million barrels a day … cost of producing a barrel of oil in Saudi Arabia is … reasons, extreme pessimism about global oil prices in 2026 is unwarranted … and curtail Russian oil exports, while Venezuelan barrels continue to be …

… downward pressure on benchmarks. Demand growth, meanwhile, is proving … of barrels per day of new supply. For OPEC+, 2026 … their oil into higher-value products such as fuels, petrochemicals … compelling. Even if crude prices soften, refined product exports can …

… be an increased demand for secure and efficient … reforms, including removing fuel subsidies, unifying exchange … strategy include: – Removing Fuel Subsidies: Redirecting funds to … crude oil benchmark of $64.85 per barrel, oil production of 1.84 million barrels …

… Tuesday, with Brent crude climbing above $62 a barrel and US benchmark … States intensified efforts to disrupt crude exports from Venezuela, which … US authorities seized two Venezuelan oil tankers in the Caribbean Sea … shifting geopolitics and uncertain demand.

… complete. In addition, the crude oil pipeline project is 90 percent … said, “During the fuel and oil products crisis, Mongolia relies … is to build a domestic oil refinery. Once the plant becomes … percent of its domestic demand for oil products. The main …

… appetite for fossil fuels. Crude oil Energy analysts warn … oil production has repeatedly fallen below its OPEC … s transition fuel. With global demand for cleaner fuels rising, … Petroleum Regulatory Commission (NUPRC), which oversees the management of oil …

… 50 million barrels of Nigerian crude in the … from the Nigerian Upstream Petroleum Regulatory Commission indicates that … of domestic refineries like the Dangote Refinery is also … global oil industry despite shifting demand patterns.   As global crude oil …

… Dangote Petroleum Refinery has ramped up its crude oil processing capacity to 610,000 barrels … meet domestic demand while providing surplus products for export. The refinery’s … the increased production impacts local fuel prices, government subsidy policies, …

… at $62.24 per barrel. US crude futures fell 3 cents, representing … . It reached $58.35 per barrel. Both contracts had gained approximately … significant recovery. Despite this, Brent crude prices are expected to drop … to a sharp decrease in oil demand then.