- China to boost January diesel, jet fuel exports, add to global supply
January 17, 2024
China's oil products exports are set to rebound in January as refiners, armed with fresh quotas, boost diesel shipments and jet fuel sales for peak Lunar New Year travel, estimates from traders and analysts showed.
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- Africa’s Largest Refinery Begins Production in Nigeria
January 15, 2024
The Dangote Refinery in Nigeria, Africa’s biggest, has launched production of fuels, the Dangote Group of Africa’s richest man, Aliko Dangote, said this weekend, marking the start-up of the refinery that has seen years of delays.
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- Reactions to Angola's decision to leave OPEC
December 21, 2023
Angola has decided to leave the Organization of the Petroleum Exporting Countries (OPEC), its oil minister said on Thursday, saying its membership was not serving the country's interests.
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- Record-High U.S. Production Weighs on Natural Gas Prices
December 18, 2023
The warmest autumn in the northern hemisphere in nearly a century and a half has pushed natural gas prices in the U.S., Europe, and Asia lower at the start of the winter.
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- Revival of Winter Travel Turns Jet Fuel Into Oil’s Bright Spot
December 18, 2023
Soaring demand for travel this winter is boosting refiners’ margins for making jet fuel in Asia, providing a bright spot for the oil market even as the outlook for other transport fuels weakens.
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