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OIL REFINING IN NIGERIA
Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh PuriIndia is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This...- Crude, LPG supply to India smoothens in May after two glitchy months; LNG supply beats pre-war levelsIn May, India's oil and gas imports showed clear signs of recovery after recent setbacks, with crude oil inflows rising, though they have n...
- Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources sayIndian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the...
- India turns to Latin American, African oil after Hormuz disruptionIndian refiners sought oil from Latin America and Africa as Middle East supplies faced disruptions. Imports from Venezuela, Brazil, Angola,...
- Governments worldwide shield households from rising energy costsNations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...
- No, the Iran war won’t ground your European holiday flightA commentary on the US-Iran conflict says European summer flights are unlikely to face major disruptions for now, despite earlier fears ove...
- Nigerian airlines avert shutdown as Mideast war hikes fuel pricesNigerian airlines continued flying on Thursday despite threatening a shutdown over sky-high jet fuel prices roiling the industry in Africa'...
- Why UAE stepped away from OPEC amid Iran war and soaring crude oil pricesUnited Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global ener...
- India plugs oil gap as Middle East supplies sinkIndia is boosting Russian oil imports and reviving supplies from Africa, Iran, and Venezuela. This strategy aims to fill a crude oil gap ca...
- Charting the Global Economy: IMF trims world growth projectionsThe International Monetary Fund has lowered its global growth forecast for 2026. This adjustment comes as the war in the Middle East has ca...
- A panicked race for barrels grips global oil market, price up as much as $140Global oil markets are witnessing a severe physical crude shortage as Middle East disruptions trigger frantic buying and record premiums fo...
- A panicked race for barrels grips the global oil marketA desperate scramble for immediately available oil supplies is occurring globally, with traders paying unprecedented prices for prompt carg...
- Indian Oil buys six million barrels crude from West Africa & Mideast, traders sayIndian Oil Corporation has secured six million barrels of crude oil from West Africa and the Middle East. This move signals India's departu...
- Nigeria's Dangote taps India’s EIL to double refining capacity to 1.4 million bpdNigeria's Dangote has contracted Engineers India Ltd to double its refining capacity to 1.4 million barrels per day within three years. The...
- Indian refiners look more widely for oil after EU’s Russia curbsIndian oil refiners, the top buyers of Russian crude, are exploring alternative sources like Azerbaijan, Nigeria, and the UAE amid fresh EU...
- India to double crude oil import from Nigeria through term contracts in 2016Nigeria, the third-largest oil supplier to India, has now offered a term contract to supply 3 million tonnes of crude oil this year to Indi...
- IOC doubles crude oil buy from Nigeria on term contract"Nigeria has now agreed to increase the term contract from 1.7 million tons per annum to 3 million tons in 2016," Oil Minister Dharmendra P...
- African tycoon to build $3.3 billion refinery in NigeriaForbes ranks Dangote as Africa's richest man with an estimated wealth of USD 16.1 billion. His companies also produce flour, cement and sug...
- IOC, GAIL looking at equity stake in Africa LNG projects: Jaipal ReddyIOC and GAIL Ltd are looking at picking up an equity stake in LNG projects in Africa to meet growing energy needs of the country, Reddy sai...
- Oil prices little changed in Asian tradeOil prices were little changed in Asian trade on Monday as the market continued hesitant amid concerns over an oil workers' strike in Niger...
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