COGNICURRENT

The Crude Oil Refineries Association of Nigeria claims that modular refineries could satisfy over 10% of Nigeria's diesel needs, but face challenges due to inadequate crude supply.

The article discusses Europe's vulnerability in energy security amid escalating tensions in the Middle East due to Iranian attacks on Gulf refineries and the Strait of Hormuz.

Chinese independent refineries are significantly impacted by disruptions in Iranian oil supply due to the ongoing war, affecting their operations and logistics.

The article discusses the resurgence of tensions in the Persian Gulf, particularly focusing on attacks on oil refineries and the implications of a renewed 'tanker war.'

India is preparing to address the oil crisis triggered by the conflict in the Middle East, particularly following Iranian attacks on Saudi oil refineries.

Companies across the Middle East have halted their oil and gas operations amid the escalating confrontation between the U.S. and Israel against Iran.

Oil prices have surged following a drone attack on the Saudi Aramco refinery in Ras Tanura, one of the largest and most significant oil facilities globally.

Asian governments and refineries are assessing their oil stocks and alternative transport routes due to the conflict in Iran which has disrupted critical shipping routes.

China's crude oil imports from Russia are set to reach a record high for the third consecutive month in February, driven by significant purchases from independent refineries at discounted prices.

Russian oil exports to China reached a record high in February, continuing an upward trend as independent refineries in China took advantage of significant discounts on crude supplies after India reduced its purchases.

The article discusses Russia's narrative of its drone strikes on Ukraine's energy infrastructure being retaliatory actions, countering this claim by highlighting the historical context of such framing.

After a trade deal with the US, Indian refineries are increasing crude oil purchases from Venezuela, which may result in a decrease in Russian oil imports, causing potential crises for Russia's customer base.

Despite claims that India has stopped buying Russian oil, Indian refineries continue to purchase it, although at reduced levels, leading to more pressure on Russia to find buyers in Asia.

Indian Oil Corp and Hindustan Petroleum have jointly purchased Venezuelan crude, reigniting their trade relations after a hiatus.

Russian oil companies have reported over RUB 1 trillion in losses due to drone attacks on oil refineries.

Indian oil refineries are reportedly stopping purchases of Russian oil to facilitate a trade agreement with the United States.

Bayo Ojulari, CEO of the Nigerian National Petroleum Company, discusses the company's strategic changes in response to energy transition and domestic supply challenges during a recent interview.

Bayo Ojulari, CEO of the Nigerian National Petroleum Company, highlights the Dangote Petroleum Refinery's role in stabilizing Nigeria's energy system amidst the challenges faced by state-owned refineries.

US Gulf Coast oil refineries are having trouble managing a rapid increase in Venezuelan oil shipments following a $2 billion supply deal between Caracas and Washington, leading to excess supply pressure on prices and unsold volumes.

Bill Browder, a long-time Kremlin critic, suggests that the West impose sanctions on eight refineries processing Russian oil to weaken funding for the war against Ukraine.

Despite exporting 306 million barrels of crude oil from January to October 2025, Nigerian local refiners are facing significant shortages of crude for domestic processing.

The article discusses Venezuela's oil export strategies, particularly how firms Vitol and Trafigura plan to engage Indian and Chinese markets, the intentions of Indian refineries, and the impact of renewed Venezuelan oil exports on the global energy market.

The Trump administration's strategy aims to control up to 50 million barrels of Venezuelan crude oil, prompting U.S. traders and refineries to cautiously seek opportunities in the Venezuelan oil market after years of reduced flows.

The impending arrival of Venezuelan crude oil to Texas refineries is expected to significantly affect gas prices across the United States.

Moeve (formerly Cepsa) and the Portuguese company Galp are in advanced negotiations for a merger of their gas stations and refineries, potentially creating a significant player in the Spanish oil market.

Chevron is in talks with the U.S. government to expand its operations in Venezuela, aiming to boost crude oil exports to U.S. refineries amid broader U.S. efforts to control Venezuelan oil sales.

Chevron and the private equity fund Quantum Capital Group have proposed to acquire all international assets of Lukoil, valued at $22 billion, which includes production facilities, refineries, fuel storage, and over 2,000 gas stations across multiple regions.

Eni is reorganizing its refineries, depots, and pipelines by launching a new company, Eni Industrial Evolution, aimed at transforming traditional assets in Europe and the Middle East towards industrial transformation and circular economy.

Venezuela's oil facilities, including wells and refineries, remain operational and undamaged following American attacks, according to sources from the state energy company PDVSA, though the La Guaira port has suffered significant damage.

India's Ministry of Petroleum has begun requiring refineries to report weekly data on oil imports from Russia and the United States to align with Prime Minister Narendra Modi's directives.

The CIA has been secretly training Ukraine for strikes on key parts of Russia's oil infrastructure despite official withdrawal of support from the Trump administration.