[ad_1] A mega-refinery built in Nigeria by billionaire Aliko Dangote has received its first barrels of crude oil, an “important milestone” in a project that has been plagued by delays…
Tag: crude
Nigeria loads first crude at huge new Dangote refinery
[ad_1] Dangote Petroleum Refinery has been billed as one of the largest in Africa. Photo: PIUS UTOMI EKPEI / AFPSource: AFP Nigeria’s huge oil refinery built by Africa’s richest man…
A shadow-fleet oil tanker that falsified its location and carried Venezuelan crude got stuck near Singapore
[ad_1] A shadow-fleet oil tanker ran aground near Singapore, Bloomberg reported. The vessel had previously hid its location to avoid detection. It’s carrying a cargo of oil from Venezuela, energy…
Sweden’s Preem Is on Track to Cut Crude Consumption From 2024
[ad_1] Sweden’s Preem AB will curb the use of crude oil at the bigger of its two refineries from 2024, when it completes the revamp of a production unit. The…
Saudi Arabia could ‘flush’ the oil market with a flood of supply to regain control over prices in the face of rising US production, crude expert says
[ad_1] Saudi Arabia may “flush” the market with a flood of supply that would sink prices, an expert said. That comes as OPEC+ concluded its latest meeting where members pledged…
U.S. Crude Oil Inventories Increased More Than Expected
[ad_1] Nov. 29, 2023 11:45 am ET U.S. crude oil, gasoline and distillate fuel inventories increased more than expected last week as refineries ramped up their capacity use, according to…
Centre unlikely to stop US-sanctioned Russian crude oil vessel
[ad_1] A US-sanctioned vessel carrying Russian crude oil, expected to reach India’s coast in two days, is unlikely to face any debar instructions from the Indian government. Senior…
China slows Venezuela crude buys as US sanctions lifting triggers ‘disarray’
[ad_1] SINGAPORE : The suspension of U.S. sanctions on Venezuelan oil has rattled its biggest customers, China’s independent refiners, who are now holding off on making new purchases amid wide…