Africa
Nigeria unions to strike unless fuel price hike is reversed
Nigerian labor unions plan to strike to demand a reversal in petrol price hikes and lower public school fees, the Nigerian Labour Congress said.
Obscure traders ship half Russia's oil exports to India, China after sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.
G20 bloc fails to reach agreement on cutting fossil fuels
The Group of 20 (G20) major economies meeting in India failed to reach consensus on phasing down fossil fuels following objections by some producer nations.
Shell suspends loadings of Nigeria's Forcados crude oil
Shell has suspended loadings of Nigeria's Forcados crude oil due to a potential leak at the export terminal, a spokesperson for its local subsidiary, SPDC, said.
Oil supply disruptions boost prices
A series of oil supply disruptions across the globe has helped push Brent crude prices above $81 a barrel for the first time since April.
IEA trims 2023 oil demand forecast on economic headwinds
Oil demand is set to hit a record high this year but economic headwinds and interest rate hikes mean the increase will be slightly less than anticipated, the International Energy Agency said.
Stamicarbon secured a €100-MM fertilizer project in Africa, including licensing and proprietary equipment
MAIRE S.p.A. announces that its subsidiary NextChem Holding, through Stamicarbon has been awarded licensing and proprietary equipment contracts related to an ammonia and urea complex for an overall value of approximately €100 MM, making it the largest award to Stamicarbon up to date.
H.E. Minister Saad Sherida Al-Kaabi stated that QatarEnergy will supply 40% of new LNG by 2029 at the LNG 2023 "Leadership Dialogue"
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said “40% of all the new LNG that will come to the market by 2029, when all our projects are up and running, is going to be from QatarEnergy.”
Nigeria intercepts vessel with stolen crude oil
Nigeria's state-owned oil firm NNPC Ltd said an 211,338-U.S. gallon vessel carrying stolen crude had been intercepted offshore while heading to Cameroon and would be destroyed as a deterrent to oil theft.
Russian gasoline exports jump as Asia, Africa replace Europe
Russia's gasoline exports rose in January to June despite the introduction of the European Union's embargo, thanks to healthy supplies of the fuel to Africa and Asia, data from market sources showed and traders said.
- Envision Energy powers world's first green marine ammonia bunkering 7/25
- New catalyst breakthrough could make clean ammonia easier to produce 7/25
- U.S. Gulf refiners seek Middle East, S. American oil to offset Venezuela, Mexico losses 7/25
- CEO of Russia-backed Indian refiner Nayara resigns after EU sanctions 7/25
- PetroChina makes FID for new northeast refinery complex 7/25
- Valero Energy beats Q2 profit estimates as refining margins improve 7/24
