COGNICURRENT

The Oyo State authorities have conducted an operation that resulted in the arrest of illegal fuel merchants along a major expressway.

The Petroleum Products Retail Outlets Owners Association of Nigeria praises the Dangote Refinery as vital for the country, especially amidst rising global crude prices and geopolitical tensions.

People in Bihar are facing difficulties due to a shortage of petroleum products, resulting in long queues for LPG gas cylinders.

Rising crude oil prices are beginning to impact the production of petroleum-based products in Japan, leading to potential shortages and price increases across various consumer goods.

Local officials in Lakhimpur have assured residents that there is no shortage of petroleum products amidst rumors, while warning against hoarding.

Twenty-one ships are currently offloading petroleum products and other commodities at the Lagos ports, according to the Nigerian Ports Authority.

Pemex has achieved a record production of 1.027 million barrels per day of petroleum products in 2025, indicating improved operational efficiency in its refineries.

The Minister of Hydrocarbons in the Democratic Republic of Congo has raised alarms over massive customs fraud involving petroleum imports, resulting in significant losses for the state treasury.

In 2025, Greek exports saw a decline of 2.8%, although sectors excluding petroleum products demonstrated resilience and growth.

The USA has imposed sanctions on 15 companies dealing with Iranian oil and other petroleum products, alongside sanctions on 14 vessels in Iran's 'shadow fleet' which evade detection while trading sanctioned oil.

Dangote Petroleum Refinery warns that reliance on coastal delivery of petroleum products may lead petrol prices in Nigeria to reach N1,000 per litre, advocating for gantry loading as the more efficient and cost-effective alternative.

A report from Reuters claims that India is set to purchase petroleum, defense materials, electronics, pharmaceuticals, telecom products, and aircraft from the United States.

The Managing Director of Dangote Petroleum Refinery, David Bird, clarified that the refinery is not importing finished petroleum products but operates on a model that processes intermediate feedstock instead.

Nigeria has saved N6 trillion thanks to reforms in its downstream oil sector, aimed at reducing reliance on imported petroleum products, as stated by Saidu Mohammed during the 2026 Nigerian International Energy Summit.

India is set to purchase petroleum, defense, electronics, pharmaceuticals, telecom products, and aircraft from the US, according to a report by Reuters, which also indicates that an official trade deal is expected soon to reduce the trade deficit with the US.

The Triple A case has been ongoing for nearly fourteen months, with sixteen individuals and six companies due to stand trial in January 2026 for illegal activities related to petroleum products.

The article discusses how over 1,470 tankers worldwide are classified as part of a shadow fleet transporting oil, petroleum products, and chemicals, posing an unacknowledged conflict in international waters.