The de-dollarization is underway, some analysts said after the BRICS group of major emerging economies invited earlier this year several other countries to join, including some of the biggest oil exporters in the Middle East. Read Artic...  +

The Dangote Refinery in Nigeria, Africa’s biggest, with a capacity of 650,000 barrels per day (bpd), has been commissioned, but full-scale production, including production of gasoline for Europe, is not expected to begin until the second...  +

The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a long way off. Read Article  +

Asia’s gasoline refining profit margin jumped on Wednesday amid hopes of a rise in Australian demand during the summer season, traders said. Read Article  +

The full ramp up of Africa’s largest oil refinery, a landmark moment for crude and fuel markets both regionally and beyond, is still a long way off. Read Article  +

The oil demand outlook in China, the world’s biggest importer, isn’t offering much inspiration to bulls as the end of the year approaches. Read Article  +

Lower refining margins, higher oil and fuel inventory levels, and a slower-than-expected increase in air travel have combined to push down oil demand in China, according to a Bloomberg report, with analysts expecting little change in the...  +

An unexpected deeper contraction in U.S. manufacturing activity could signal weaker diesel demand, helping stocks – which are below the five-year average for this time of year – rebuild ahead of the higher winter demand for distillates. ...  +

China's oil refinery utilisation rates are easing from record third-quarter levels as thinning margins and a shortage of export quotas discourage plants from raising output for the rest of 2023, according to traders and industry consulta...  +

The U.S. House of Representatives easily passed a bill on Friday to bolster sanctions on Iranian oil in a strong bipartisan vote. Read Article  +