Africa
India's Russian oil buying hits record high, slashes Mideast, Africa share
India's oil imports from Russia rose to a fresh record high in April, further reducing the share of Middle Eastern and African grades to their lowest level in at least 22 years.
bp targets farms and feedstock as biofuel race gathers pace
bp is considering buying stakes in biofuel feedstock producers and investing directly in farming ventures to secure supplies as the global race for the low-carbon fuel gathers pace.
Congo in discussions with Uganda over use of crude pipeline
The Democratic Republic of Congo is in discussions with neighboring Uganda for possible use of the east African country's planned crude oil pipeline to export petroleum, Congo's hydrocarbons ministry said.
Nigerian president to commission Dangote refinery in two weeks
Nigerian President Muhammadu Buhari will commission the multi-billion dollar Dangote oil refinery, a presidency spokesperson said, setting up the plant for its first production since construction started in 2016.
Phillips 66 beats profit estimates as refining margins soar
U.S. refiner Phillips 66 beat Wall Street estimate for first-quarter profit, joining rivals in gaining from elevated margins on sustained fuel demand amid tight crude supplies.
Global diesel prices fall as economic slowdown intensifies
Global prices for middle distillates such as gas oil and diesel are falling as the economy slows, more refineries come onstream, and exports from Russia are re-routed and replaced by fuel from the Middle East.
Borouge enters into agreement to expand footprint in East Africa
Borouge Plc, a leading petrochemical company that provides innovative and differentiated polyolefin solutions, has entered into a Distribution Agreement with one of the biggest polyolefin distributors in East Africa, Somochem.
Borouge supplies materials worth $32 M for mega projects in the Middle East and Africa
Borouge Plc is supplying sustainable ‘Made in UAE’ polyethylene materials worth $32 M that are used in several development projects across the Middle East and Africa regions.
Russia diesel exports to Brazil, Turkey and Africa seen hitting new high
Russia's diesel and gasoil shipments to Brazil, Turkey and Africa were heading to new record highs in March as traders pushed into new markets following an EU ban on Russian oil products.
TFG Marine targets 20% bunker sales rise through expansion
TFG Marine, majority owned by commodities trader Trafigura, aims to increase its marine fuel sales volume by up to 20% this year through expansion in Africa, the UK and the Mediterranean, a senior company executive said.
- Asian gasoline margin spikes to highest since August 2023 11/14
- Lukoil-Moldova grants free use of airport fuel terminal to government amid U.S. sanctions 11/14
- Croatia rejects Russian vacuum gasoil cargo after U.S. sanctions 11/14
- Bulgaria wins UK sanctions reprieve on refinery, petrol stations 11/14
- China's Sinochem shuts one crude unit at Quanzhou after fire 11/14
- Enbridge approves $1.4-B project to boost Canadian oil flows to U.S. refiners 11/14
