Indian state refiners have asked Abu Dhabi National Oil Co (ADNOC) to offer pricing of its crude on a delivered basis to ...

China's surplus crude oil eased slightly in December, but the excess surged in 2024 to more than 1 million barrels per day ...

China's crude oil surplus grew significantly in 2024 due to stockpiling of discounted Russian oil, potentially mitigating the ...

China's crude oil imports from Russia hit a record high in 2024, while imports from Saudi Arabia declined, reflecting a shift in China's sourcing strategy amid geopolitical tensions and sanctions.

Oil prices rise as U.S. sanctions tighten supply and seasonal demand surges. Can crude break through $80 and sustain its ...

As Russian discounts fall to below $5 per barrel, GRMs of India public sector OMCs have already declined by about 80% in FY25 ...

U.S. crude oil stocks excluding the Strategic Petroleum Reserve (SPR) fell last week to their lowest since April 2022 as ...

Dangote Refinery has explained petrol price increase, citing 15% rise in international crude oil prices as the main cause.

The Dangote Petroleum Refinery is planning to import more crude oil as supply from the Nigerian National Petroleum Company Limited becomes insufficient for fuel production at the $20bn Lekki-based ...

Stocks of oil at Cushing fell by 2.5 million barrels last week to about 20 million barrels, the lowest since October 2014.

The Dangote Group has confirmed the reported hike in the depot price of Premium Motor Spirit from its refinery  The ...

A new report has revealed that the mega Dangote Refinery consumed 13% of Nigeria's crude oil export and domestic in the past ...