August 18, 2025 Indian Oil Corp., the largest refiner in the country, is set to launch its first sustainable aviation fuel production facility by the end of the year. Production capacity will be 35,000 tons annually, with the feedstocks coming from hotel chains, restaurants, and other large-scale users of cooking oil. The plant’s projected capacity […]Read More
August 18, 2025 India should stop buying Russian crude oil as the trade undermines efforts to isolate Moscow, the White House trade adviser Peter Navarro wrote in an op-ed published in the Financial Times on Monday. The world’s third-largest crude oil importer, India has significantly boosted Russian oil imports since 2022, when Russia’s oil was banned in […]Read More
August 15, 2025 Algeria nears the conclusion of agreements with U.S. supermajors Exxon and Chevron to explore and invest in its shale gas resources as the North African country bets big on boosting its gas pipeline and LNG exports, the head of the Algerian energy regulator told Bloomberg. “The technical aspects have more or less been […]Read More
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
August 12, 2025 A week ago, U.S. President Donald Trump came down hard on India, doubling its tariff rate from 25% to 50% for fueling Putin’s war in Ukraine by continuing to buy massive quantities of Russian oil. We reported that India’s imports of Russian commodities have skyrocketed since the war began, surging to $65.7 billion in […]Read More
August 12, 2025 The OPEC+ producers raised their combined crude oil production by 335,000 barrels per day (bpd) in July, below the 411,000 bpd output hike eight of the 22 producers have pledged for last month. OPEC-only production from the 12-member cartel increased by 263,000 bpd—and most of the rise came from two major producers, […]Read More
Shell Nigeria Exploration and Production Company Ltd (SNEPCo) on August 5 hosted young professionals from Nigeria and other African countries at its offices in Lagos, as it continues to support the growth of future leaders in the energy industry on the continent. The 25 engineers and geologists from Nigeria, Cameroun, Chad, Ghana, Tanzania, Kenya, Angola […]Read More
The Society of Petroleum Engineers (SPE) Nigeria Council has ignited a united call for bold action toward a cleaner, more secure energy future, as it wrapped up the 2025 Nigeria Annual International Conference & Exhibition (NAICE). Over 2,000 delegates, 100+ exhibitors, and top industry minds from around the world converged at Lagos Eko Hotels Convention […]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
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