The Dangote Petrochemical Refinery has attributed its recent increase in the price of Premium Motor Spirit (PMS), commonly known as petrol, to the rising cost of crude oil in global markets.
India’s palm oil imports are set to plunge to a near five-year low in January, hit by negative refining margins as the tropical oil’s premium over rivals drives buyers to more competitively priced ...
The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production at the $20bn Lekki-based ...
The Dangote Petroleum Refinery is targeting importing crude oil feedstock over insufficient supply from the Nigerian National Petroleum Company as the oil firm ramps up production supply.
China’s oil refining volumes declined by 1.6% last year as the shift to electric vehicles gained pace. Looming US tariffs also threaten to take away a key driver of expansion. Crude has rallied ...
China has offered to invest USD 3.7 billion in Sri Lanka, stated to be the biggest-ever foreign investment in the island nation, to build a state-of-the-art oil refinery as the two countries ...
U.S. crude oil refinery inputs averaged 16.6 million barrels per day during the week ending January 10, according to the report, which highlighted that this was 255,000 barrels per day less than ...
a ton in palm oil refining for January shipments, and the oil is available at even lower prices for February and March shipments, said Rajesh Patel, managing partner at GGN Research, an edible oil ...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) said it has chosen to move to Dangote Petroleum Refinery as the ex-depot price of PMS increased by 4.7% to N950 from N907. Experts ...
Sources in the government and refining sector have indicated that ample supply is available from other major sources markets. Iraq, Saudi Arabia, and the UAE, India’s top three crude suppliers before ...
In 2022, 72 per cent of its total crude oil supply was imported ... be gauging the potential impact on its huge, state-owned, oil refining industry. He suggests that the country’s state-owned ...