The NNPCL generated N336.37bn from crude oil sales in the first quarter of 2025, with Dangote Petroleum Refinery accounting ...

Xu Tianchen of the Economist Intelligence Unit noted that China has ... signs of demand recovery or coordinated supply discipline. Until then, the oil market remains under pressure, caught between ...

This is the largest LNG supply agreement to be signed between the UAE and a Chinese partner and was completed during the ...

Global oil supply is set to rise by 1.2 million barrels per day (bpd) this year, lower by 260,000 bpd than the growth expected last month, the International Energy Agency (IEA) said on Tuesday ...

Iraq’s crude and oil product exports fell by 110,000 barrels per day (bpd) from a year earlier to 3.7 million bpd in the first quarter of 2025, per data from Energy Research Unit cited by Shafaq ...

Aside from the physical groundwork of gathering and processing oil, market regulations are the true price-determinants of crude oil spot prices. Crude oil market regulations control supply and ...

The Ceylon Electricity Board (CEB) strongly emphasised that despite the reduction in electricity generated from rooftop solar units due to low demand during the recent festive season, efforts were ...

The United States on Wednesday issued new sanctions targeting Iran's oil exports, including against a China-based "teapot" oil refinery. Iran has confirmed that its next round of nuclear talks with ...

While this could lead to a future supply crunch, for now it adds to market caution. This week’s crude oil market action was driven by a deepening demand outlook and rising macroeconomic stress.

Treasury Secretary Scott Bessent said the US would apply maximum pressure to disrupt the OPEC member’s oil supply chain, as his department sanctioned a second Chinese refinery accused of ...

However, the agency is leaning toward a percent retention policy. That means a portion of the domestic coconut oil supply will be reserved for domestic demand, including biofuel blend requirements ...

Canada has the ability to be “one of the last men standing” when it comes to oil supply amid a trade war with the United States, according to Eric Nuttall, senior portfolio manager at Ninepoint ...