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Russian Oil-for-Export Plummets to 5-Year Low Not Seen Since COVID
14 Jan 2026 19:02 GMT
… – Russian Urals crude oil – fell below $40 per barrel for the first … As a result, Russian oil exported in January 2026 was priced … overseas energy sales. Low oil export prices directly threaten Russian state … drone raids on local refineries for the past eight …
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Expert Says Cooking Oil Can Convert Into Biodiesel To Power Industrial Equipments
14 Jan 2026 15:52 GMT
… its potential as a renewable fuel feedstock.
“What many people … when we export crude oil but still depend on imported fuels due to … waste cooking oil avoids the food-versus-fuel debate and … said biodiesel burns cleaner than petroleum and diesel, and could …
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OPEC releases global oil demand forecast for 2027
14 Jan 2026 18:21 GMT
… Petroleum Exporting Countries (OPEC) has announced its forecast for the average daily global oil … daily global oil demand will be 107.86 million barrels, which is … will be 106.52 million barrels (the forecast has not changed …
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Diesel and gas prices dip across U.S. as 2026 fuel trends begin to emerge
14 Jan 2026 18:56 GMT
… back in March of 2021. Crude oil prices remain relatively unchanged from … is strong, as OPEC+, the coalition of oil-exporting countries, says it’s …
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Nigeria Has Moved From Fuel Scarcity To Fuel Abundance — Dangote Refinery
14 Jan 2026 15:39 GMT
… fuels, produced to Euro 5 standards, because the refinery also exports … READ ALSO: Dangote Refinery Denies Petrol Supply Disruption Claims
… litres of finished fuel daily, sometimes exceeding … Petroleum Company (NNPC) Limited and the government, to improve crude …
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Top 10 African countries with the lowest fuel prices at the start of 2026
14 Jan 2026 17:45 GMT
… for a considerable drop in petrol prices, with consumers already witnessing … ;s crude oil production has increased to nearly 70,000 barrels per day … keep local fuel prices consistent but also gives opportunities for export earnings …
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OPEC unveils daily oil production figures in Azerbaijan
14 Jan 2026 18:22 GMT
… ’s average daily crude oil production was 453,000 barrels, APA-Economics reports … daily crude oil production was 460,000 barrels, which is 21,000 barrels less … of the Petroleum Exporting Countries (OPEC) and non-member countries to reduce oil production …
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In first look at 2027, OPEC forecasts ongoing oil demand growth
14 Jan 2026 15:34 GMT
… of the Petroleum Exporting Countries' view that oil demand … fuels will take place more slowly than some predictions.
OPEC expects oil … demand to rise by 1.34 million barrels … report forecast demand for OPEC+ crude will average 43 million …
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IOCL, BPCL joint venture discovers light crude oil in Abu Dhabi’s Onshore Block 1; Hardeep Puri hails breakthrough
14 Jan 2026 15:31 GMT
… energy Maharatna @IndianOilcl and Bharat PetroResources Ltd (BPCL) in Abu Dhabi … consumes about 5.6 million barrels of crude oil per day, up from … million metric tons of crude oil and petroleum products and exported approximately 65 million …
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OPEC forcasts higher global oil demand in 2027
14 Jan 2026 16:45 GMT
… of the Organization of the Petroleum Exporting Countries (OPEC) outside their headquarters in … of the Petroleum Exporting Countries (OPEC) said on Wednesday that the global oil demand … for 2027 is estimated to be 107.86 million barrels …