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South Korean refiners target 400 mil barrels of clean oil products exports to Asia-Pacific region in 2026
26 Jan 2026 03:29 GMT
… refiners plan to collectively supply about 400 million barrels of clean oil … supply of gasoline, jet fuel/kerosene and gasoil … access to cheaper Venezuelan crude. This has intensified competition … billion in 2025, but petroleum products exports declined to $45.50 …
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Nigeria may miss generational opportunity due to failure to supply enough crude to Dangote refinery – Expert says
26 Jan 2026 06:05 GMT
… crude supply, which have constrained the 650,000 barrel per day Dangote Petroleum Refinery … to structural relevance in global fuel markets by mid-2026.
Hamzat … Clarity: NMDPRA must fast track export, pricing, and product evacuation approvals …
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US Gulf Coast refiners seen benefiting from increased use of heavy Venezuelan crude
26 Jan 2026 04:12 GMT
… utilization and improving overall refinery economics.
Venezuelan crude exports to the US are … history between Venezuela and US oil companies.
ExxonMobil CEO Darren Woods … .
However, China, denied heavy Venezuelan crude barrels, is likely to increase shipments …
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Product Tankers: Clean Barrels and Russian EU Sanctions
26 Jan 2026 02:51 GMT
… ban on imports from refineries which process Russian crude oil. However, further clarification … shipbroker added that “more Russian barrels have ended up as floating … mainstream, price cap compliant Russian crude exports from Western terminals has also …
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Reliance stays away from Russian oil, public sector firms lap it up
26 Jan 2026 06:06 GMT
… of Russian crude oil, has not bought any barrels from Kremlin … Lakshmi Mital — Mangalore Refinery and Petrochemicals Ltd and HPCL too … 2025.
State-owned Bharat Petroleum Corporation Ltd (BPCL) bought … Russia’s two biggest oil exporters, that came into effect …
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Oil retailers to raise prices Tuesday as global risks mount
26 Jan 2026 05:57 GMT
… ., Seaoil Philippines Inc., Petro Gazz, and the local … availability of crude grades typically favored by regional refiners.
While … within the Organization of Petroleum Exporting Countries, any threat to … oil production fell slightly to 10.28 million barrels …
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Iran’s growing political unrest exposing cracks in regime’s oil revenue model
26 Jan 2026 03:48 GMT
… s analysis shows Iranian crude production is expected to … practice of sourcing discounted barrels from sanctioned producers, and … not changed explicitly, expected oil exports have now been brought … volatile as quotas and refinery runs change.’’
Aditya Saraswat …
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First Venezuelan Oil Tanker Sails to US Louisiana Port
26 Jan 2026 05:04 GMT
… million barrels of heavy Venezuelan crude, bound for the Louisiana Offshore Oil Port … allowing them to load and export Venezuelan crude as part of the … , from where the crude was marketed and sold to refiners worldwide.
According …
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BMP slams energy mismanagement as circular debt fuels economic uncertainty
26 Jan 2026 04:48 GMT
… key ministries, stating that power, petroleum, water resources and finance continue … and exports. He said manufacturers are facing unpredictable tariffs, frequent fuel price … continued reliance on expensive imported fuels despite Pakistan’s indigenous energy …
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Sanctions on Illicit Petroleum Traders to Support the People of Iran
26 Jan 2026 03:48 GMT
… restrict Iran’s ability to export petroleum and petroleum products through obscure and … , which targets Iran’s petroleum and petrochemical sectors. It continues the … robust sanctions campaign to restrict Iranian oil …