Downstream Oil & Gas

US-Iran war boosts Dangote refinery fortunes – Report

The Wall Street Journal has reported that billionaire industrialist Aliko Dangote is among the biggest beneficiaries of the disruption caused by the recent US-Iran...

Hormuz Tanker Traffic Stops

In a market update sent to Rigzone on Wednesday by Rystad Energy, Jorge Leon, Head of Geopolitical Analysis at Rystad, noted that tanker traffic...

US Strikes Iran for 2nd Straight Day

The US military struck Iran for the second straight day, an escalation of violence that threatens efforts to reach a permanent peace deal. US Central...

Oil Rockets Higher as Trump Declares Iran Ceasefire Over

During a press meeting in Ankara, Türkiye, where he is attending the 2026 NATO Summit, U.S. President Donald Trump said he thought the ceasefire...

NNPC begins evaluation of Chinese refinery partnership deal

The Nigerian National Petroleum Company Limited has said the recently signed Memorandum of Understanding with Chinese firms for the rehabilitation and operation of the...

Which Countries Produce and Consume the Most Natural Gas?

The country that produces the most natural gas is the United States, according to the Energy Institute’s (EI) latest statistical review of world energy,...

Russia Gasoline Shortage Starts to Spill Into Central Asia

Russia’s gasoline-supply crunch is starting to ripple into Central Asia, where some countries lack sufficient domestic fuel production and have long relied on Russian...

Supreme Court Orders Immediate Handover of FPSO Tamara Tokoni Crude Oil to General Hydrocarbons, Voids Appeal Court Judgment

The Supreme Court on Friday morning ordered the Chief Registrar of the Court of Appeal and the Admiralty Marshal to immediately hand over the...

NNPC, Partners Begin Evaluation Phase of P’Harcourt, Warri Refineries

In spite of sustained public criticism over plans to hand over the operations of the Port Harcourt and Warri refineries to private partners after...

Genel to Acquire Capricorn for $360 Million

Genel Energy PLC has entered into an agreement to acquire Capricorn Energy PLC for an expected price of $360 million (GBP 271 million) and...

Fuel cost must reflect crude prices

THE Federal Government’s latest intervention in the fuel pricing debate is both timely and necessary. When the Minister of State for Petroleum Resources (Oil),...

Dangote, importers battle as petrol holds above N1,000

Fuel prices in Nigeria may not drop below N1,000 per litre any time soon unless importers decide to initiate a price war against the...

USA Crude Oil Stocks Drop Almost 4MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 3.8 million barrels from the week ending June 21...

Iran Struggles to Woo Oil Buyers before US Waiver Expires

A hoard of Iranian oil is building up at sea, as the Islamic Republic struggles to find buyers before the expiry of a 60-day...

Dangote refinery imports first UAE crude cargoes

The Dangote Petroleum Refinery has purchased two cargoes of crude oil from the United Arab Emirates, marking its first-ever procurement of Middle Eastern crude...

Crude Falls On Rising Gulf Supplies

US oil plunged, erasing nearly all its gains made during the war, as vessel traffic through the Strait of Hormuz continued to rise and...

Fuel Supply: NMDPRA grants new import permits to seven oil marketers

Nigeria’s downstream petroleum regulator has approved a fresh round of fuel import permits for major oil marketers as concerns grow over domestic supply levelThe...

Nigeria exports N105bn petrol to Togo in three months

Nigeria exported Premium Motor Spirit, popularly known as petrol, worth N105.5bn to Togo in the first quarter of 2026 amid recent revelations that Nigerian...

Oil asset protection linked to production recovery

Recent security and oil sector data have highlighted a link between efforts to protect oil infrastructure in the Niger Delta and improvements in crude...

NNPC unveils new crude grade, ships 950,000 barrels to Netherlands

The Nigerian National Petroleum Company Limited has commenced the export of a new crude oil grade, Cawthorne, in a move aimed at boosting Nigeria’s...

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