Dangote Refinery processed 700,000 barrels of crude oil per day during a performance test, surpassing its…
Tag: Crude Oil
Saudi Arabia, Russia Call for Energy Market Stability
Saudi Arabia and Russia have urged greater stability in global energy markets as conflicts in Iran…
China Leans on Iranian Oil
China relies heavily on Iranian oil imports, leaving it particularly exposed to supply disruptions. Data show…
NNPC’s ₦7.1trn Energy Push Delivers ₦5.4trn Profit
The Nigerian National Petroleum Company Limited (NNPCL) spent ₦7.1 trillion in 2024 on what effectively amounts…
Russia Deepens Oil Ties with China
Russia plans to increase crude oil exports to China by extending existing agreements, Deputy Prime Minister…
$100m Investment: Emadeb Achieves First Oil at Ibom Field
Emadeb Petroleum Exploration & Production Company Limited started commercial crude oil production from its Ibom Field…
China’s Crude Imports Jump as Other Commodity Purchases Falter
Amid the highest Chinese refinery throughput so far this year, China’s crude oil imports jumped in…
Senate Uncovers Nigeria’s $300bn Oil Theft Scandal
Auditors appointed by the Nigerian Parliament have uncovered the vast scale of Nigeria’s oil theft scandal.…
Iraq Cancels Lukoil Cargoes as U.S. Sanctions Bite
Iraq’s state oil marketing company SOMO has cancelled three crude loadings from Russia’s Lukoil this month…
Oil Majors Double Down on Crude Demand Despite Global Glut
Major international oil companies are once again placing significant bets on the demand for crude oil.…