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India’s oil demand to rise by 8.2 mbpd by 2050, led by transport and petrochemicals: OPEC
29 Jan 2026 06:13 GMT
… barrels per day (mbpd), according to the OPEC World Oil … for other refined products including bitumen, petroleum coke, lubricants … transport alone. Petrochemicals and other refined products will … destination market for global exporters, particularly from the …
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Crude oil futures rise over 1% after US threatens military action against Iran
29 Jan 2026 05:49 GMT
… 3.3 million barrels a day of crude oil, while exporting around 1.5 … 4.7 million barrels from last. Total commercial petroleum inventories decreased by … same period last year. Jet fuel product supplied was up 5 …
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Trump is in a hurry for Venezuelan oil; oil majors are not
29 Jan 2026 07:51 GMT
… to 50 million barrels of its crude to the U. … those 30 to 50 million barrels as possible. But urgency … the legal right to export the oil they produce, Reuters … crude to U.S. refineries could eventually increase competition for Canadian oil sands exports …
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Iran concerns, weak dollar push oil prices to four-month high
29 Jan 2026 06:04 GMT
… country’s crude oil inventories fell by 2.3 million barrels to 423 … build and a larger crude draw. Strong crude exports and lower imports helped … the price rally, though the OPEC+ member hopes that output at …
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Global oil sector needs $18.2 trillion in investments by 2050 to avoid supply risks: OPEC
29 Jan 2026 06:13 GMT
… Department at OPEC, said while presenting the OPEC World Oil Outlook … at just under 60 million barrels per day,” Benyoucef noted … ,” Benyoucef said.
Global crude and condensate trade is … OPEC projects.
The Middle East will remain the world’s dominant export …
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30,000 refinery workers face contract expiration amid growing working class struggle
29 Jan 2026 04:56 GMT
… refinery [Photo: Marathon Petroleum Corporation]The national contract covering roughly 30,000 oil refinery … with the lead negotiator, Marathon Petroleum, began only last week, with … . The cutoff of Russian oil and gas exports to Europe greatly benefited …
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At Joint Forum With NACCIMA to Boost Air Exports, NAHCO Restates Support for Nigeria’s Non-Oil Revenue Drive
29 Jan 2026 08:27 GMT
… Nigeria seeks to reduce oil dependence and fuel a more resilient and … approximately 90% of our crude oil earnings. Non-oil exports contribute less than 10% … economic development. A vibrant non-oil export sector will deliver multiple benefits …
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Oil prices gain 1.5% on increasing concerns of Iran attack
29 Jan 2026 04:46 GMT
… the Petroleum Exporting Countries with output of 3.2 million barrels per … crude stockpiles in the U.S., the world's biggest oil … consumer, also supported prices.
U.S. crude inventories … fell by 2.3 million barrels to 423 …
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ADNOC leases Singapore fuel oil storage for first time, sources say
29 Jan 2026 07:38 GMT
… ADNOC Trading, focused on crude oil, and ADNOC Global Trading … OMV, focused on refined products.
Onshore oil storage is seen … Trafigura and PetroChina.
AGT typically buys high-sulphur fuel oil cargo produced … with 19.7 million barrels in 2024, data from …
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India and Canada relaunch energy dialogue; Oil India to explore Canadian critical minerals
29 Jan 2026 07:08 GMT
… to boost crude exports to Asian markets.
Refining: Supply of refined petroleum products from … renewable infrastructure. State-owned Oil India Ltd (OIL) has been tasked with …