Downstream Oil & Gas

Libya Restarts Gasoline Production at Sarir

Libya's National Oil Corp (NOC) said Thursday the Sarir refinery is back to producing gasoline after a three-year hiatus.Sarir, which went online 1989, has...

Industry leaders Meets with Chancellor in UK for Oil & Gas issues

Industry body Offshore Energies UK (OEUK) announced, in a statement sent to Rigzone, that the group’s CEO, David Whitehouse, and “industry leaders” met the...

War Sees Energy Exporters Scramble for Routes Out of Gulf

  The widening conflict in the Middle East is stoking fears over a global energy crunch as exporters scramble for routes out of the region...

Crude Closes Near $91 After Historic Rally

US oil posted the biggest weekly gain on record as the war in Iran upends critical energy market flows, with shipping through the Strait...

Crude Volatile as Hormuz Risks Increase

Oil fluctuated as investors assessed the widening impact of the US-Iran war on Middle East energy markets, with the conflict entering a fifth day. West...

QatarEnergy Stops LNG, Some Downstream Production

QatarEnergy has announced the halt of LNG and “some” downstream production in separate statements posted on its website this week.In a statement posted on...

Kayrros Says Saudi Oil Storage Filling Fast

Major oil storage sites in Saudi Arabia are filling rapidly as the key export route through the Strait of Hormuz effectively remains closed to...

Oil Could Pass $100 as Strait of Hormuz Traffic Halts

Higher oil and gas prices are certain as the closure of the Strait of Hormuz threatens to disrupt 15 percent of global oil supply...

Crude Jumps on Iran War Escalation

  Oil surged as the first impacts of the war in the Middle East began to be felt, with a near halt to traffic through...

UK, Texas Industry Bodies Comment on Middle East Conflict

UK industry body Offshore Energies UK (OEUK) and the Texas Oil & Gas Association (TXOGA) have both issued statements on the ongoing conflict in...

Dangote Refinery to supply 65m litres of petrol daily

In a landmark shift for Nigeria’s downstream petroleum sector, Dangote Petroleum Refinery & Petrochemicals will supply between 60 and 65 million litres of Premium...

Crude Volatile Ahead Of Iran Talks

Oil wavered as traders balanced expectations of modest OPEC production hikes in April and bearish US government data against increasing pressure on Iran over...

Saudi Arabia, Iran Boost Oil Exports amid Rising Mideast Tensions

Saudi Arabia and Iran are both accelerating oil exports, adding barrels to global markets at a time when the US is deploying military assets...

Oil Extends Losses on Mideast Risks

Oil fell for a third straight day as investors weighed the odds of diplomacy between Washington and Tehran to secure a nuclear deal and...

UK Plans to Cut Carbon Costs for Refineries after Closures

The UK government is drawing up a strategy to protect its remaining oil refineries from rising carbon prices, after two sites closed.The Department for...

Analysts Examine What Tariff Decision Means for Oil

In a market update sent to Rigzone late Friday, Rystad Energy highlighted that the U.S. Supreme Court ruled that the International Emergency Economic Powers...

Oil Holds Near Six-Month High

Oil held near a six-month high after US President Donald Trump said he’s mulling a limited military strike on Iran and forces gather in...

Dangote Refinery aims to receive 600 vessels yearly

The Chief Executive Officer of Dangote Refinery and Petrochemical, David Bird, has disclosed that the $20 billion facility is expanding all its operations to...

Oil Extends Wednesday Rally

Brent crude is trading slightly higher this morning, extending yesterday’s rally as the geopolitical risk premium was repriced higher on renewed U.S.-Iran tensions. That’s what...

Crude Dips On Iran Deal Signals

Oil edged lower on signs that the US and Iran have made progress in nuclear talks, eroding a risk premium in benchmark futures prices. West...

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