Over the years, Nigeria has grappled with inefficient oil facility management, pushing the country to rely on imported refined petroleum products. As part of the broader effort to address these ...

The Technical Sub-Committee on the Naira-for-Crude Policy met at the Ministry of Finance Headquarters to reiterate ...

Global oil supply could exceed demand by around 600,000 barrels per day this year, the International Energy Agency said on ...

Total Chinese oil demand continued to grow in 2024, supported by higher demand from the petrochemical sector. But Chinese ...

This dependence has distorted Nigeria’s competitive advantage in petroleum pricing. Despite these challenges, local investors ...

China's newest refiner Shandong Yulong Petrochemical is expected to start test operating its second crude oil processing unit late this month, trading sources with knowledge of the plant's operations ...

The shipping giant announced it has acquired Rotterdam-based LBC Tank Terminals Group Holdings. MOL described LBC as one of ...

Egypt is pursuing significant expansion in its fossil fuel sector with a $7 billion petrochemical complex and new oil and gas ...

The Nigerian Content Development and Monitoring Board (NCDMB) has sealed a deal to acquire 20 per cent equity in a 100,000 ...

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has granted licenses to three oil companies for ...

The Nigeria Midstream and Downstream Petroleum Resources Authority (NMDPRA) has announced that it has issued refining ...

China wants its refiners to produce less fuel and more petrochemical products as its electric-vehicle boom alters the country ...