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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …
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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 …