Africa
OPEC says IEA estimate of peak fossil fuel demand by 2030 not 'fact-based'
The Organization of the Petroleum Exporting Countries said data-based forecasts do not support the International Energy Agency's projection that demand for fossil fuels would peak in 2030.
Global diesel shortage boosts prices
Global distillate fuel oil inventories remain much lower than normal for the time of year which is putting strong upward pressure on fuel prices.
Four eastern Libyan oil ports reopen after closing Sept 9 due to storm
Four major oil ports in Libya have reopened after shutting down on Saturday following a powerful storm that swept the country.
Nigeria awards 42 contracts under delayed flaring program
Nigeria has awarded contracts to 42 companies under a program to harness gas which is released as a byproduct of oil production.
Korean Air introduces Cargo SAF Program
Korean Air will launch a program to use SAF for air cargo operations in cooperation with air cargo customers and forwarders.
Oil ticks higher as tight supply trumps macroeconomic gloom
Oil prices hovered above $90 a barrel, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty.
African Finance Corporation remains committed to fossil fuel investments
The African Finance Corporation, which is owned by Nigeria's central bank and other African financial institutions, has no intention of backing away from fossil fuel investments.
Nigerian state oil company says Eni unit did not obtain its consent in Oando sale
Nigerian state oil firm NNPC Ltd says a subsidiary of Italy's Eni did not obtain its consent prior to announcing a deal to sell onshore oil assets to local firm Oando PLC, a failure that could have breached terms of a joint operating agreement.
Online Exclusive: Advanced hydrocracking unit flow scheme optimization and integration approach to maximize refinery margins for a residue upgrading project
The integration of a solvent deasphalting (SDA) and hydrocracking upgrading complex provides a favorable techno-economic return for residue upgradation at relatively lower capital expenditures vs. other alternatives for a brownfield project.
Bunker fuel market to convert to LNG in next 10 years
The global bunker fuel market is expected to convert substantially to LNG over the next 10 years.
- Indian Oil buys first Colombian oil under Ecopetrol contract 12/31
- Ukrainian drone attack sparks fire, damages equipment at Tuapse refinery 12/31
- Chile's $2.5-B Volta green ammonia project wins environmental permit 12/31
- China begins issuing second batch of 2026 crude import quotas to refiners 12/31
- EIA: U.S. crude, fuel inventories rose in the week ended December 19 12/30
- Ghana's Tema oil refinery restarts after 9-yr shutdown 12/30
