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Oil Demand Newsletter
  • 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 …

  • Indonesia officially opens upgraded Balikpapan refinery 12 Jan 2026 15:41 GMT

    … 260,000 barrels, is the largest refinery in Indonesia. … longer import jet fuel, only importing crude oil.” The comprehensive modernisation … -sulphur fuel and an increase in liquefied petroleum gas … reducing reliance on imported fuels, Indonesia aims to shield …

  • 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

  • Jill On Money: Venezuela’s oil — What it means for your wallet 12 Jan 2026 16:02 GMT

    … the Organization of the Petroleum Exporting Countries (OPEC) in 1960 ( … hard to extract and to refine and (2) the … Additionally, with crude oil prices currently below $60 per barrel, there may … existing global supply and demand, rather than anything happening …

  • Drilling Into The Details Of Venezuela’s Oil 12 Jan 2026 15:37 GMT

    … Venezuela’s deep reserves of crude oil. So today on the … President of the Society of Petroleum Engineers and head of … Definitely need a special refinery. When the refinery processes are happening, … a big financial demand for Venezuelan kind of oil, enough to …

  • The Energy Report: Crazy Oil Cocktail 12 Jan 2026 16:36 GMT

    … prospect of more Venezuelan oil is giving refiners a specialty cocktail mix … ’s heavy crude could eventually toss another 2 million barrels per day … ’s stimulus supports demand, but overall conditions remain bearish. OPEC+ is not …

  • 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 …

  • 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 …

  • 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 …

  • 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 …

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