Petroleum products

Mongolia

Mongolia wants to increase imports of oil, petroleum products from Kazakhstan

March 23 - The authorities of Mongolia and Kazakhstan have signed a memorandum of understanding with the aim of developing cooperation in the energy and mining …

Oil Exploration

Hungary and Slovakia agree to build fuel pipeline

Hungary and Slovakia signed an agreement in Brussels on March 16 to construct an oil products pipeline connecting refineries owned by MOL Group in the two count…

India

IPhone Boom Powers India’s Electronics Exports to Record Highs, Set to Overtake Petroleum

India’s electronics exports are rapidly increasing and could soon replace petroleum products as the country’s second-largest export category, following engine…

Oil Refinery

Top Five Reasons Refineries Worldwide Are Embracing Blending of Petroleum Products

One expression frequently used since the Nigerian National Petroleum Company Limited recommenced operations at the rejuvenated Port Harcourt Refinery last Novem…

Oil Refinery

Oil Marketers Want FG to Privatise Kaduna, Warri Refineries

Oil marketers, represented by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), have called on the Federal Government to privatise …

India

Petroleum Import Declines, Worth Rs. 101BN Imported in Five Months of FY 2024/25

The import of petroleum products has decreased during the first five months of the current fiscal year 2024/25.According to latest trade statistics of the Depar…

Crude Oil

EIA Sees Tighter US Oil Market for 2024, Lowers Price Outlook

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…

Crude Oil

India Saved $25 Billion by Importing Russian Crude Oil: Ministry Data

Imports of petroleum products also saw a dip in terms of value from $28.2 billion in 2022-23 to $25.1 billion in 2023-24Russian crude supplies and lower interna…

Oil & Gas Trade

Russia Considering Increase of Oil Supply to Uzbekistan

TASHKENT, Uzbekistan, December 18. Russia is working on the possibility of increasing exports of oil and petroleum products to Uzbekistan, Deputy Prime Minister…

Oil & Gas Trade

Pakistan to Discuss Long-Term Russian Oil Deal Next Month

Pakistan will hold talks with Russia next month on a long-term arrangement for importing Russian crude oil, as the country seeks to diversify its energy sources…

Oil & Gas Trade

Oil Sales Plunge by 40PC in May Amid Economic Slowdown

KARACHI: The month of May witnessed a staggering 40 percent decline in oil sales compared to the same period last year, as the country grapples with an economic…

Oil Price

Oil Prices Slip On Surprise Build In U.S. Crude Stocks

Storage tanks are seen at Marathon Petroleum's Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB…

Crude Oil

Nigeria to End Imports of Petroleum Products in 2023

Nigeria—a major petroleum products importer—expects to stop importing petroleum products starting in the third quarter of next year, Nigeria’s oil minister T…

Nigeria

Nigeria Aims to End Imports of Petroleum Products Next Year

Nigeria expects to stop importing petroleum products from before or around the third quarter of 2023, its oil minister Timipre Sylva said on Tuesday.

Oil Price

Sinopec's 2021 Profit More Than Doubled on Higher Oil Prices, Sales

China Petroleum & Chemical Corp.'s 2021 net profit more than doubled to its best level in nearly a decade on higher prices and demand for petroleum products.