China does not disclose the volumes of crude flowing into or out of strategic and commercial stockpiles, but an estimate can be made by deducting the amount of oil processed from the total of ...

After a few months of solace, Nigerians could be facing another hardship as fuel prices surged due to the Federal Government’s reluctance to sell crude oil to the Dangote refinery in naira, largely ...

What's more important for crude oil markets? Forecasts of Chinese oil demand growth by leading agencies or the reality of ...

The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has accused domestic refineries of importing ...

Billionaire Mukesh Ambani's Reliance Industries Ltd is estimated to have earned 724 million euros (about Rs 6,850 crore) from exporting fuel made from Russian crude oil to the US in one year ...

NNPCL said it has made over 48 million barrels of crude ... Executive Council Initiative on Domestic Sales of Crude Oil and Refined Products in Naira.” “Our attention has been drawn to reports ...

Saxo Bank’s head of commodity strategy Ole Hansen warned that the escalation “will hurt economic growth and demand for key commodities such as crude oil and refined products.” Further ...

The major oil producers in the Middle East are exporting record volumes of refined petroleum products, reducing the overall impact of their crude production cuts on the market, Reuters reports ...

Our correspondents observed that filling stations with agreements with the Dangote Refinery have adjusted their pumps to the new price.