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Oil Demand Newsletter
  • Ghana commits to importing fuel from Dangote refinery 05 Feb 2026 10:18 GMT

    … as the 650,000 barrels-per-day refinery says it has sufficient … small refineries lack the capacity to meet the country’s domestic fuel demand … will continue to import both crude oil and refined petroleum products from Nigeria. He …

  • Kuwait Eyes 4 Million Bpd Oil Production Capacity by 2035 05 Feb 2026 17:56 GMT

    … million bpd now, Kuwait Petroleum Corporation’s CEO and deputy … below $10 per barrel of oil, while global oil demand will stay at … oil company has told CNBC Arabia. Kuwait, a founding member of OPEC … model of Kuwait’s domestic crude oil ‍pipeline network, the …

  • Ringside: Can California’s Oil Industry Survive? 05 Feb 2026 16:28 GMT

    … 70 percent to 119 million barrels. Demand also fell, but only by … refinery in Long Beach. These two refineries together processed 104 million barrels of crude oil … decades, if ever, before petroleum-based fuel can be completely replaced in …

  • India’s Top Refiner Cashes In as Oil Prices Slide 05 Feb 2026 17:56 GMT

    … per barrel from a year earlier.   Indian Oil and other major refiners in … of refiners. Total fuel demand in India, the world’s third-biggest crude oil importer … jumped to $8.41 per barrel, more than double compared to …

  • Russian oil sellers cut prices in China to attract demand as India wavers 05 Feb 2026 15:27 GMT

    … on how and when. Future Demand Outlook A halt by India … ;s Russian oil imports peaked around 2 million barrels per day last … its limit for Russian crude imports if state refiners continue to sit … more demand as CNPC plans to restart a unit at its refinery

  • Oil falls more than 1% on easing supply concerns after US, Iran agree to talks 05 Feb 2026 15:12 GMT

    … per barrel at 1154 GMT. U.S. West Texas Intermediate crude was … between Oman and Iran. Other OPEC members, Saudi Arabia, the United … supply side, discounts on Russian oil exports to China widened to … week to attract demand from the world’s top crude importer and …

  • Oil falls 3% on easing supply concerns after US, Iran agree to talks 05 Feb 2026 16:43 GMT

    … between Oman and Iran. Other OPEC members, Saudi Arabia, the United … supply risks and more Venezuelan barrels heading to the U.S … supply side, discounts on Russian oil exports to China widened to … prices to attract demand from the world’s top crude importer and …

  • Brent Crude Falls Below US$68 on Iran Nuclear Talks Confirmation 05 Feb 2026 16:45 GMT

    crude futures dropped more than 2 percent below $68 per barrel … regional conflict could disrupt oil supplies. Iranian Foreign … crude inventories fell by 3.5 million barrels to 420.3 million barrels … 489,000-barrel rise, signaling stronger demand. Oil prices had …

  • Clean Cosmetics: Savor Confronts Beauty’s Palm Oil Problem with Carbon-Derived Fats 05 Feb 2026 14:17 GMT

    … The ubiquitous use of palm oil in cosmetics formulations is an … can replace butter and palm oil. It has already launched … on tropical fats like palm oil, which is linked to … of petroleum. “When we mapped our molecular output against market demand, the …

  • United States imposes sanctions on illegal oil traders, citing support for the Iranian population 05 Feb 2026 14:02 GMT

    … global politics and growing public demand for financial transparency and accountability … stock markets, such as the crude oil market, have become increasingly responsive … of dollars’ worth of Iranian petroleum products. These shipments have historically …

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