-
Dangote Refinery V. NNPC Cabal
15 Jan 2026 08:34 GMT
… s largest oil producer. According to a 2024 OPEC report, … million barrels daily, accounting for 90% of export earnings … Petroleum Regulatory Authority (NMDPRA)—could not get the refineries … out diesel, kerosene, and petrol, directly challenging the importers …
-
Global oil market reshuffle: US moves ahead at Russia’s expense
15 Jan 2026 07:41 GMT
… — and even increase — crude oil exports, as shipments of refined petroleum products have fallen following … from OPEC+ countries. “This mainly involves Saudi Arabia, which could increase exports … Agency forecasts, around 4 million barrels a day will enter the …
-
OPEC forecasts ongoing oil demand growth for 2027
15 Jan 2026 08:49 GMT
… builds, particularly for transport fuels, amid seasonal demand-side … further upward momentum as refineries continued to ramp up … 6 mb/d. Crude exports increased by almost 10%, m … led by naphtha and fuel oil. India’s crude imports remained above the …
-
With turmoil in Venezuela, Canada must urgently increase oil production and exports
15 Jan 2026 09:23 GMT
… on roughly 300 billion barrels of oil but produces less than … and complex to extract and refine, and typically sells at … compared to other large non-OPEC producers in production relative … nature of its crude and self-imposed export capacity limitations. The …
-
America Took the Oil Prize, Now Comes the Hard Part of Rebuilding It
15 Jan 2026 09:30 GMT
… at 303.2 billion barrels.
US President Donald … crude oil has dropped below $57 a barrel, and Bred crude under $61 a barrel … its oil fields, pipelines, refineries, power grid, and export terminals … BP, Mitsubishi, Itochu, Vitol, PetroChina, and many more.
He…
-
Middle East Crude-Benchmarks steady; Brent crude’s premium to Dubai widens further
15 Jan 2026 08:49 GMT
… the country’s top refiner expands its oil sourcing to partly replace … some Russian oil.
IOC bought 2 million barrels of medium-heavy … cents to -37 cents a barrel.
NEWS
Oil major BP BP. expects … a strict U.S. oil embargo as crude exports resume under U.S …
-
Drones hit two Greek crude tankers at Novorossiisk: Kazakh energy ministry
15 Jan 2026 08:11 GMT
… were engaged in carrying Kazakh oil for export, the ministry said in … Harmony was due to load barrels from Kazakhstan at the CPC … Telegram Jan. 11.
Loadings of crude at Novorossiisk have declined in … ,000 metric ton cargo of crude from the Black Sea to …
-
Dated Brent crude differential surges to 15-month high on supply crunch
15 Jan 2026 08:49 GMT
… with all basket grade crude differentials touching multi-month … two crude tankers engaged in carrying Kazakh oil for export near … a Europe-based North Sea crude oil trader said. “There is … contracts across the European crude derivatives complex also responded …
-
Asian Diesel: More Feb refinery offers emerge for diesel; market structure firms
15 Jan 2026 09:18 GMT
… barrel in line with the firmer paper market structure.
For jet fuel … Commodity Insights.
REFINERY NEWS
– Marathon Petroleum Corp MPC.N … .S. embargo, as crude exports resume with two shipments … OPEC producer, traders and analysts said.
– China’s crude oil …
-
Dangote Refinery Appoints New Ceo And Announces Massive Capacity Double To 1.4 Million Barrels
15 Jan 2026 09:08 GMT
… 000 to 1.4 million barrels per day by 2028. … National Petroleum Company Limited to increase the volume of crude supplied … economy while stabilizing domestic fuel prices.
The CEO emphasized … Nigeria into a dominant exporter of refined products across West and …