Two months ago, Nigeria’s beleaguered energy sector witnessed a very significant event: the Dangote Oil Refinery began producing gasoline and selling it domestically to Nigeria\’s state oil firm, Nigerian National Petroleum Company (NNPC), marking the first time in decades Africa’s largest oil producer is refining its own crude. The state-of-the-art $20.5 billion refinery was launched in […]
Continue ReadingNew US sanctions have led to a significant reduction in Russian oil exports as traders halt offers. Indian refiners, including Bharat Petroleum, are struggling to secure Russian oil for March delivery. Standard Chartered predicts that the sanctions will remove more Russian barrels from the market and lead to higher oil prices. Middlemen who supply Russian […]
Continue ReadingAsian and European countries are increasing their imports of U.S. LNG and crude oil to avoid potential tariffs. Europe faces challenges due to the high price of U.S. energy compared to geographically closer alternatives. Trump\’s cancellation of the Biden \”pause\” on new LNG export capacity will boost U.S. energy supply. When President Donald Trump was […]
Continue ReadingCarnarvon Australian energy major Santos has put its plans for the A$3bn ($1.87bn) Dorado oil and gas project in Western Australia on hold. Santos, as the Dorado JV operator, has decided not to purchase the FPSO vessel that was identified as an option for the project’s first phase. The company also opted not to enter […]
Continue ReadingENB Pub Note: There is more to this story than meets the eye. Renaming the Gulf of America, it has brought up a legal question about the Oil and Gas drilling bans by the Biden-Harris administration. Those bans were for the Gulf of Mexico, not the Gulf of America. – This will be fun to […]
Continue ReadingBy Julian Lee, Serene Cheong and Alex Longley (Bloomberg) — The most aggressive Western sanctions imposed on Russia’s oil sector since Moscow’s 2022 invasion of Ukraine threaten to disrupt global supply as buyers — led by China and India — scour the Middle East for alternative suppliers. Some estimates suggest the measures could halve Russian oil exports […]
Continue ReadingThe two nations, both under immense pressure, are together pushing to create a fairer world The relationship between Russia and Iran is deeply rooted in history, dating back to the 16th century when the two nations first established contact. Despite periods of tension, pragmatism has always been at the core of their interactions. Historically, Russia […]
Continue ReadingThe U.S. recently announced sanctions on Russian oil producers, along with vessels that have been shipping barrels of Russian crude. India will be hit the hardest by the sanctions, more so than China which has also been snapping up Moscow’s cheap oil, said analysts. The South Asian nation imports a significant 88% of its oil […]
Continue ReadingPrices have hit a five-and-a-half-month high amid fears of disruptions to supply, according to the outlet Global diesel prices and refining margins have surged following the latest round of US sanctions targeting Russia’s oil trade, driven by traders’ expectations of reduced diesel and crude supply, Reuters reported on Friday, citing analysts and London Stock Exchange […]
Continue ReadingFuel shipments have hit an 11-month high driven by diesel and fuel oil, the outlet has said Russia’s refined fuel exports have surged to their highest level in nearly a year, even as the US imposed new sanctions on the country’s energy sector last week, Bloomberg reported on Thursday. Seaborne shipments of Russian petroleum […]
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