The commissioning of the Dangote mega-refinery marks a turning point for Nigeria, promising energy self-sufficiency.
However, in a difficult economic context, questions remain about its real impact on fuel prices and supply.
The commissioning of the Dangote mega-refinery marks a turning point for Nigeria, promising energy self-sufficiency.
However, in a difficult economic context, questions remain about its real impact on fuel prices and supply.
Independent refineries in Shandong, China, are facing a shortage of raw materials and increased costs due to new tax regulations.
This situation threatens their profitability and could impact the entire Chinese oil market.
Independent refineries in Shandong, China, are facing a shortage of raw materials and increased costs due to new tax regulations.
This situation threatens their profitability and could impact the entire Chinese oil market.
Senegal's oil sector is undergoing a rapid transformation, with crude oil exports rising to 100,000 barrels per day.
This development raises crucial issues for the world market and the country's economic future.
Senegal's oil sector is undergoing a rapid transformation, with crude oil exports rising to 100,000 barrels per day.
This development raises crucial issues for the world market and the country's economic future.
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
Saudi Arabia plans to increase its crude oil supply to China to 46 million barrels in October, following a price cut for Asia, according to trade sources.
The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.
The International Energy Agency (IEA) cuts its forecast for global oil demand growth to 910,000 b/d for 2024, citing the economic slowdown in China and an accelerated transition to alternative energy sources.
US gasoline prices are expected to fall below $3/gallon by the end of October, potentially influencing voters' choices in the run-up to the presidential elections.
US gasoline prices are expected to fall below $3/gallon by the end of October, potentially influencing voters' choices in the run-up to the presidential elections.
ADNOC's Upper Zakum exports are falling, making it difficult to launch a futures contract for this medium-sulphur crude.
Liquidity and market challenges emerge as OPEC+ plans a quota increase.
ADNOC's Upper Zakum exports are falling, making it difficult to launch a futures contract for this medium-sulphur crude.
Liquidity and market challenges emerge as OPEC+ plans a quota increase.
The Dangote refinery in Nigeria, expected to provide a solution to fuel shortages, is raising questions about its real impact on domestic prices and supply strategy.
The Dangote refinery in Nigeria, expected to provide a solution to fuel shortages, is raising questions about its real impact on domestic prices and supply strategy.
U.S. crude oil inventories rose by 800,000 barrels, below expectations for a 1.05 million increase, suggesting significant implications for the oil market.
U.S. crude oil inventories rose by 800,000 barrels, below expectations for a 1.05 million increase, suggesting significant implications for the oil market.
India and the United Arab Emirates explore new opportunities to increase strategic crude oil storage and enter into a production concession agreement to strengthen their energy cooperation.
India and the United Arab Emirates explore new opportunities to increase strategic crude oil storage and enter into a production concession agreement to strengthen their energy cooperation.
ExxonMobil abandons its plan to buy 40% of the Mopane offshore field in Namibia from Galp Energia, leaving other companies in the running for this strategic stake.
ExxonMobil abandons its plan to buy 40% of the Mopane offshore field in Namibia from Galp Energia, leaving other companies in the running for this strategic stake.
Gulf of Mexico energy companies such as Chevron, ExxonMobil and Shell are evacuating staff and suspending some drilling operations in response to Tropical Storm Francine, anticipating major disruptions to oil and gas production.
Gulf of Mexico energy companies such as Chevron, ExxonMobil and Shell are evacuating staff and suspending some drilling operations in response to Tropical Storm Francine, anticipating major disruptions to oil and gas production.
An IGF report suggests discontinuing Sara's refining activity to reduce fuel costs in Guadeloupe, Martinique and French Guiana, sparking debate on the future of energy in these territories.
An IGF report suggests discontinuing Sara's refining activity to reduce fuel costs in Guadeloupe, Martinique and French Guiana, sparking debate on the future of energy in these territories.
Gasoline prices in Brazil remain stable despite a widening gap with imports, posing challenges for the ethanol market and influencing the commercial strategies of fuel distributors.
Gasoline prices in Brazil remain stable despite a widening gap with imports, posing challenges for the ethanol market and influencing the commercial strategies of fuel distributors.
The strike by workers at Marathon Petroleum's Detroit refinery is getting tougher.
The Teamsters Union is considering extending the strike to other sites, given the stalemate in negotiations.
The strike by workers at Marathon Petroleum's Detroit refinery is getting tougher.
The Teamsters Union is considering extending the strike to other sites, given the stalemate in negotiations.
Following sanctions on Lukoil, Slovakia and Hungary are increasing their imports of Tatneft crude via the Druzhba pipeline, underlining the complexity of energy security in Central Europe.
Following sanctions on Lukoil, Slovakia and Hungary are increasing their imports of Tatneft crude via the Druzhba pipeline, underlining the complexity of energy security in Central Europe.
Brent crude oil prices hit their lowest level since March 2023.
OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.
Brent crude oil prices hit their lowest level since March 2023.
OPEC+ postpones production increases, but the market remains skeptical in the face of flagging demand.
Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August.
New U.S. sanctions increase pressure to reduce Russian revenues.
Despite Western sanctions, Sovcomflot retains a significant share of Russia's non-G7 crude oil exports, exceeding 80% in August.
New U.S. sanctions increase pressure to reduce Russian revenues.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Under pressure from falling prices, OPEC+ decided to extend the production cut by 2.2 million barrels per day until December 2024 to maintain market balance.
Indigenous communities in the Ecuadorian Amazon, including the Waorani, are contesting the impacts of oil extraction in the Yasuni reserve, raising questions about the country's resource management and economic strategies.
Indigenous communities in the Ecuadorian Amazon, including the Waorani, are contesting the impacts of oil extraction in the Yasuni reserve, raising questions about the country's resource management and economic strategies.
