Economics

Eni strengthens its global LNG strategy with long-term supply agreements in Indonesia

Vietnam imports more fuel to offset oil shortfall amid Iran war

Nigeria's NNPC accuses Dangote refinery of seeking fuel monopoly in court filing

The regulator, the Nigerian Midstream and Downstream Petroleum Regulatory Authority, has applied to join the case, widening a legal battle over import policy and Dangote refinery’s market position.

Oil market clock is ticking as supply crunch looms

Before the conflict began on February 28, few experts anticipated that Iran would actually shut down the Strait. Almost no one thought the obstruction would stretch into months.

Dangote plans September IPO for oil refinery business

The planned listing would cover the Dangote refinery, which hit its full capacity of 650,000 bpd in February.

UK defers import ban on diesel, jet fuel derived from Russian crude

The decision was criticized by lawmakers in Britain and Ukraine who accused the government of easing pressure on Russia and backtracking on promises to stop Moscow profiting from oil production to fund its war with Ukraine.

Repsol's Chairman asserts the role of refining as a strategic industry for Spain and for Europe

ADNOC signs two strategic collaboration agreements with Indian partners

The agreements build on ADNOC’s expanding partnerships with Indian companies across crude, LNG and LPG supply, as well as energy storage opportunities, supporting India’s growing energy demand and long-term economic growth.

Iran, Ukraine wars deliver worst hit in years to oil refining output

Tightened supply has forced refiners, traders and retailers to tap crude and fuel inventories to meet demand.

U.S. EIA concedes Middle East supply disruptions are far worse than prior estimates

Iran's blockade of the Strait of Hormuz continues to wipe off millions of barrels of global oil supply every day the conflict drags on.