Downstream Oil & Gas

ADNOC Assures Customer Supply despite Habshan Pause

ADNOC Gas PLC on Monday confirmed casualties including one fatality at its Habshan natural gas processing complex and said the affected area has been...

India Back to Buying Venezuelan Crude

India is set to import the most oil from Venezuela in almost six years, helping the world’s third-largest crude importer replace Middle East grades...

Trump Says Iran Could ‘Die Tonight’

President Donald Trump threatened Iran with civilizational destruction as the US attacked military targets on the country’s key oil export hub, ramping up pressure...

Nigeria exports 950,000 barrels of new crude blend

The Nigerian National Petroleum Company Limited has marked a major milestone with the lifting of 950,000 barrels of Cawthorne blend crude into the global...

Crude Oil Markets Holding Firm

Crude oil markets are holding firm in a geopolitically driven but macro-sensitive environment, Naeem Aslam, CIO at Zaye Capital Markets, said in a statement...

Five fuel vessels arrive Lagos amid supply worries

Lagos has received five vessels carrying petrol and diesel amid growing concerns about the stability of Nigeria’s fuel supply. The PUNCH reports that the vessels...

Oil prices dip as Trump extends Iran attack pause

Oil prices were heading towards a weekly drop on 27 March after US President Donald Trump prolonged a temporary halt on attacks targeting Iran’s...

Dangote refinery refutes listing reports, cautions public

Dangote Petroleum Refinery and Petrochemicals has clarified that it has not announced any Initial Public Offering for its listing, warning the public against relying...

USA Crude Oil Stocks Rise by Almost 7MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 6.9 million barrels from the week ending March 13...

Oil Jumps as War Risks Intensify

Oil pushed higher as traders braced for a protracted conflict in the Middle East that could further roil energy markets. Global benchmark Brent rose 4.2%...

CNOOC Ltd Achieves New Production Record

CNOOC Ltd, majority-owned by China National Offshore Oil Corp, on Thursday reported 777.3 million barrels of oil equivalent (MMboe), or 2.13 MMboe a day,...

USA Crude Oil Stocks Rise More Than 6MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), increased by 6.2 million barrels from the week ending March 6...

Oil Surges as Iran War Escalates

The global oil benchmark eased from the highest levels since mid-2022 as President Donald Trump said he was considering "winding down" US military efforts...

Texas Leads Nation in Oil, Gas Jobs

Texas “led the nation” in oil and gas jobs last year with 476,777 people employed in the industry, according to the Texas Independent Producers...

Dangote, marketers collaborate to strengthen fuel supply

The Dangote Petroleum Refinery partnered with major fuel marketers to safeguard nationwide supply and reduce risks associated with a single-source system, the Major Energies...

USA Crude Oil Stocks Rise Almost 4MM Barrels

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR) increased by 3.8 million barrels from the week ending February 27...

UAE Cuts Crude Shipments to Partners

Abu Dhabi National Oil Co. cut the volume of crude for its onshore partners by about a fifth for this month, although the flows...

TotalEnergies Raises Production in Lapa offshore Brazil

TotalEnergies SE and its partners have started up the Lapa Southwest project, increasing production capacity in the Lapa field in the Santos basin offshore...

North America Drops 8 Rigs WoW

North America dropped eight rigs week on week, according to Baker Hughes’ latest North America rotary rig count, which was published on March 6. The...

Indian Refiners Buy 30MM Barrels of Russian Oil after US Waiver

Indian refiners have bought about 30 million barrels of Russian oil since the US provided a green light for purchases to help the country...

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