-
US-Israel strike Iran: Why is Strait of Hormuz important & how its possible closure could hike global crude oil prices?
28 Feb 2026 12:50 GMT
… million barrels per day of crude oil, condensates and refined fuels moved … through the Strait of Hormuz last year.Members of OPEC … of Donald Trump that fuel costs have remained … about 90% of its crude oil demand and also depends …
-
Israel, US strike Iran: What it means for oil flow via Strait of Hormuz, what are India’s concerns
28 Feb 2026 10:04 GMT
… fifth of global liquid petroleum consumption and global … million barrels per day (bpd)—9% of global demand—would … , over 40% of crude oil imported by India transits … barrel.
If the US or Israel attack Iranian oil infrastructure like platforms, refineries …
-
OPEC+ could consider a larger increase in oil production, according to sources after the Iran strike
28 Feb 2026 12:40 GMT
… the Organization of the Petroleum Exporting Countries (OPEC) and their allies, … increase in the oil production of 137,000 barrels a day … the UAE oil producer, will export more Murban?crude this April. … , or roughly 3% global demand. They then paused further …
-
Pakistani refinery faces supply delay for March as Saudi Aramco tightens allocations
28 Feb 2026 09:47 GMT
… allocated a crude oil cargo for March to a Pakistani refinery amid heightened … buyers in response to stronger demand from key markets, resulting in … and Adnoc. One refinery has also sourced crude from the United States …
-
Abu Dhabi expands Murban crude exports for April markets
28 Feb 2026 11:49 GMT
… Eastern producers to keep barrels flowing even as market … National Petroleum Corp, Inpex of Japan, Zhenhua Oil and … oil market stability with longer-term demand trends. Saudi Arabia, OPEC … suitable for refinery processes geared towards high-value fuels, plays …
-
OPEC+ may consider larger oil output boost, sources say after Israel-U.S. strikes on Iran
28 Feb 2026 12:31 GMT
… of the Organisation of the Petroleum Exporting Countries and allies — Saudi … of 1,37,000 barrels per day in oil output for April … demand, led by the U.S. driving season, and as crude prices …
Bloomberg News earlier reported that OPEC+ would consider a bigger …
-
US-Israel strikes on Iran: Crude oil prices in focus; OPEC+ may weigh bigger output hike
28 Feb 2026 12:33 GMT
… at preparing for stronger summer demand, particularly from the US … Bloomberg News earlier reported that OPEC+ would consider a bigger … oversupply could pressure prices, crude has rallied this year as … the Strait of Hormuz. Oil hit $73 a barrel on Friday, its …
-
Advisers Emerge For Dangote Refinery Planned Listing On Nigerian Exchange
28 Feb 2026 10:58 GMT
… refinery by the Group Chief Executive Officer of Nigerian National Petroleum … executives of the state-owned oil firm.
Dangote had unveiled … to meet the increasing gas demand as production capacities in … the adoption of cleaner fuel for both Autogas through …
-
Nigeria remains top African crude supplier to US with 46.6m barrels
28 Feb 2026 11:48 GMT
Nigeria supplied 46.618 million barrels of crude oil to the United States in … ’s crude shipments fell sharply from 18.497 million barrels in 2024 … market rather than through expanded demand.
Also, the relatively stable gap …
-
Fuel sales in Cyprus jump 11.2% in January as stocks fall
28 Feb 2026 09:26 GMT
… recorded in heating oil sales (25.2%), liquefied petroleum gas (13.4% … of light fuel oil plunged by 62.3%, while heavy fuel oil declined by … lower, falling 1.6%. Gasoline demand was broadly unchanged, posting a …