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.
