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Petrol to hit N1,000/litre as crude crosses $70 — Marketers
31 Jan 2026 02:08 GMT
… in crude oil prices on the international market.
Fuel marketers … Petroleum Refinery raised petrol prices from N739 to N839. Also, oil … the biggest crude producers of the Organisation of Petroleum Exporting Countries. … at $70.71 a barrel, while US West Texas …
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Petrobras scoops up multibillion-dollar oil deals in India
30 Jan 2026 22:37 GMT
… Petrobras has sealed oil sales agreements with Indian Oil Corporation (IOC), Bharat Petroleum … of our portfolio of oil export clients. We are … s largest state-owned refiner, the new contract is … from 6 million barrels to 18 million barrels.
Petrobras added: “ …
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PM unveils major relief for industry, export sectors
31 Jan 2026 02:01 GMT
… investment (FDI) in export-oriented projects, stressing that … immense hardship for investors, exporters, and the business community … also controlled smuggling of petroleum products which helped … reforms, privatization, and export promotion, terming the progress …
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China offers Indian exporters helping hand amid Trump tariffs
31 Jan 2026 01:13 GMT
… India’s purchases of Russian oil. India has a significant … reflecting strong Chinese demand for petrochemical feedstocks.
Electronics also showed “unusually … “a well-diversified and resilient” export footprint.
“This diversification is particularly …
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Venezuela Approves Pro-Business Oil Reform as Trump Issues New Sanctions Waiver
31 Jan 2026 01:33 GMT
… purchase and market Venezuelan crude while demanding that contracts … of the Venezuelan oil industry by administering crude transactions. Proceeds from … including financial sanctions and an export embargo, in an effort … in the Venezuelan petroleum sector.
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Trump’s Cuba oil tariff threat creates new diplomatic challenge for Mexico’s Sheinbaum
30 Jan 2026 22:52 GMT
… violation of Mexican sovereignty. Mexican crude has taken on a new … with about 20,000 barrels a day of oil for much of … sources for Cuba include the oil-exporting nations of Russia, Angola, … s attempt to halt Mexican oil exports to Cuba. But more conservative …
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Market Outlook: Chevron and Exxon earnings slide amid oil price pressure
30 Jan 2026 23:40 GMT
… comes down to commodity prices. Crude oil generally traded lower through 2025 … of about 2.5 million barrels per day by 2030. … finally, the largest U.S. exporter of natural gas.
BRIAN: … The company continues to expand export capacity without issuing new equity …
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Week Ahead Highlights: Central Banks in Focus, US Jobs Data, PMIs, OPEC Watch
31 Jan 2026 00:58 GMT
OPEC MEETING (SUN): OPEC+ is widely expected to keep its pause on oil … still-soft underlying demand. Export orders fell at the fastest … higher new business inflows. Export demand weakened sharply, with … services exports falling at the fastest …
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Asean could lead in sustainable aviation fuel production by 2050
31 Jan 2026 00:02 GMT
… 8.5 million barrels per day of sustainable aviation fuel (SAF) by … in” fuel. Asean’s key SAF feedstocks include used cooking oil, … position themselves as net SAF exporters. Vietnam, Thailand, Indonesia, Malaysia … 2030 to over 700,000 barrels per day by 2050.
…
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Trump’s threatened tariffs over oil to Cuba put Mexico in a bind
31 Jan 2026 00:44 GMT
… Sheinbaum, who has previously described oil exports as “a sovereign decision” … from a dwindling supply of fuel. Cuban officials have said … a lack of electricity and fuel to run generators.
Cuban … a “total blockade” on fuel supplies.
Mirroring the language of …