August 15, 2025 Chinese oil refining throughput jumped by 9% in July from a year earlier amid higher utilization capacity at state-owned refiners, according to official data released on Friday. Chinese refiners processed 14.85 million barrels per day (bpd) of crude last month, per the data from the National Bureau of Statistics cited by Reuters. The crude […]Read More
August 14, 2025 The oil price structure has started to slowly shift as prompt futures premiums are softening compared to later-dated contracts, signaling that the market believes supply would be plentiful as soon as peak summer travel season ends. The rise in supply from OPEC+ producers, as well as from Latin America and Europe, has […]Read More
Port Harcourt Refinery: The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), has observed with great concern the pace at which the rehabilitation of the refinery by the Nigerian National Petroleum Company Limited (NNPCL) is ongoing may not meet the deadline as stipulated. In a statement, High Chief Sunny Nkpe, Zonal Chairman of PETROAN, […]Read More
August 12, 2025 China’s refiners are expected to import lower volumes of Saudi crude in September in a sign that Asia is in the midst of a major oil trade re-routing, with more Russian crude set to find Chinese buyers after India’s pullback. Saudi Arabia will ship lower volumes of its crude to China next month, down […]Read More
August 11, 2025 Guyana’s oil producing capacity has just jumped to 900,000 barrels per day (bpd) after ExxonMobil launched production from Yellowtail, the fourth oil development in Guyana’s prolific offshore Stabroek block.Exxon and partners have found more than 11 billion oil equivalent barrels in the Stabroek block, where production was already above 660,000 bpd before the start […]Read More
August 11, 2025, Saudi Arabia will ship lower volumes of its crude to China next month, down from a two-year-high this month, after the Kingdom raised its September prices to Asia for a second consecutive month, Reuters reported on Monday, quoting trade sources at Chinese refiners. S Arabia world’s biggest crude oil exporter, is expected to deliver […]Read More
August 11, 2025 Crude oil prices extended their losing streak from last month, opening lower today on expectations that the Friday meeting between the presidents of Russia and the United States would yield a deal resulting in more oil supply. At the time of writing, Brent crude was trading at $66.24 per barrel, with West Texas Intermediate at $63.43 […]Read More
7 August, 2025 Shell staff won the highly regarded 1st Place Technical Paper Award at the annual international and exhibition conference of the Society of Petroleum Engineers (SPE) in Lagos. Well engineers Augustine Okosun, Osehojie Ojeh-Oziegbe, Oluwatobilola Aribike and Oladokun Adubi were commended “for an outstanding display of in-depth technical knowledge and quality delivery” in […]Read More
August 08, 2025 NASA is accelerating plans to set up a nuclear reactor to the Moon by the end of the decade, to power bases there and help America be the first nation to have an energy base powered by 24/7 nuclear power on the Moon and win the “second space race” with Russia and […]Read More
August 08, 2025 Brent and WTI crude prices fell significantly this week despite Chinese import growth and a tighter-than-expected global market. U.S. tariffs on Indian imports failed to boost prices, with oversupply fears sparking bearish sentiment among oil traders. A possible meeting between Trump and Putin has added to bearish sentiment as it could impact […]Read More
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