Downstream Oil & Gas

India’s Reliance gets one-month US concession to buy Rosneft oil

India's Reliance Industries Ltd continues to receive oil cargoes supplied by Rosneft after obtaining a one-month concession from Washington, which had imposed sanctions on...

Qanot Sharq becomes first Airbus A321XLR operator in Central Asia

Qanot Sharq has become the first Airbus A321XLR operator in Central Asia and the Commonwealth of Independent States (CIS), after taking delivery of its...

Dangote launches N739/litre petrol at MRS stations nationwide

Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (petrol) at a pump price of N739 per litre across all MRS Oil...

Price war deepens as marketers slash petrol by N100

As more MRS filling stations in Lagos and Ogun states join in dispensing the Premium Motor Spirit (petrol) produced by the Dangote Petroleum Refinery...

EIA: U.S. crude stocks fall, fuel inventories rise on robust refining

U.S. crude inventories fell, while gasoline and distillates stockpiles rose last week amid strong refining activity, the Energy Information Administration said on Wednesday. Crude inventories...

USA Crude Oil Stocks Drop Nearly 2MM Barrels WoW

U.S. commercial crude oil inventories, excluding those in the Strategic Petroleum Reserve (SPR), decreased by 1.8 million barrels from the week ending November 28...

Explosion hits critical Nigeria gas pipeline

NNPC says Escravos-Lagos line suffered “loss of containment” on Thursday evening An explosion has occurred on a critical gas pipeline linking Escravos and Lagos in...

Refiners push for crude as Dangote slashes petrol price by N129

As the Dangote Petroleum Refinery dropped its petrol gantry price on Friday, the Crude Oil Refineries Association of Nigeria has appealed to President Bola...

Brazil Oil Output Rebounding from Outages

Brazilian oil output is rebounding from outages that removed more than 300,000 barrels a day last month, highlighting how Latin America's largest crude producer...

SK Energy secures in-house access to feedstock to create Korea’s first vertical integration for waste plastics recycling

SK Chemicals will achieve Korea's first vertical integration of recycling by securing in-house access to the feedstock required for recycling. SK Chemicals announced that it...

Cuba on edge as U.S. seizure of oil tanker puts supply at risk

A U.S. move this week to seize an oil tanker out of Venezuela is poised to make a bad situation worse for a crisis-stricken...

Marketers blame idle refineries for massive petrol imports

Nigeria has continued to depend on imported Premium Motor Spirit (petrol), as the three Federal Government-owned refineries being managed by the Nigerian National Petroleum...

Kazakhstan’s oil and gas chemical industry accelerates in 2025

The volume of oil and gas chemical production in Kazakhstan grew by 12% in 2025, the country's Energy Minister Yerlan Akkenzhenov said at a...

Dangote Refinery supplied 23.5 million litres of petrol daily in November – NMDPRA

The Dangote Refinery supplied an average of 23.52 million litres of petrol per day in November 2025, up from 18.03 million litres per day...

Cue Energy Secures Letter of Intent for Northern Territory Gas Supply

ASX-listed Cue Energy progresses new drilling program and long-term gas agreement with Power and Water Corporation. Cue Energy Resources Limited (ASX: CUE), along with the...

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