Sell 51% stake in NNPCL refineries, PENGASSAN urges FG
PENGASSAN has urged the Nigerian Federal Government to sell a 51% stake in the state-owned NNPCL refineries to improve efficiency by adopting a model similar to that of Nigeria LNG.
China Raises Russian Crude Imports to Record Level
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 hit record high
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.
No, Russia's attacks on energy infrastructure are not 'retaliation' for Ukraine's strikes on oil refineries
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.
A large fire reaches one of the three Cuban refineries
A significant fire broke out at the รico Lรณpez refinery in Havana amid a severe energy crisis in Cuba.
Pemex reaches historical production of one million 27 thousand barrels per day of petroleum products
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.
China is playing this game regarding Russian oil after the India-America deal!
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.
Russian Oil Tankers Adrift at Sea, China's No, What Will India Do?
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.
India Returns to Venezuelan Crude: Refineries Reactivate Oil Purchases After Trade Pause
Indian Oil Corp and Hindustan Petroleum have jointly purchased Venezuelan crude, reigniting their trade relations after a hiatus.
Russian oil companies suffer record losses from refinery strikes
Russian oil companies have reported over RUB 1 trillion in losses due to drone attacks on oil refineries.
Nigeria: Refineries As Monuments to Waste
The Nigerian National Petroleum Company Limited admits that federal government refineries are financially unviable, calling for their privatization.
Idle refineries gulp N13 trillion as NNPC admits waste
The Nigerian National Petroleum Company has spent approximately N13.2 trillion on its state-owned refineries in 2023 and 2024, despite their continued operational losses.
NNPCL's $1.5bn refinery failure proves my privatisation call right โ Atiku
Former Vice President Atiku Abubakar argues that the $1.5 billion failure of the Port Harcourt Refinery reinforces his call for the privatization of state-owned refineries in Nigeria.
From refineries to the 'shadow fleet': How Kyiv strikes at the heart of the Russian economy?
Ukraine has intensified its drone and missile attacks on Russian energy infrastructure, putting pressure on Moscow's war financing.
Indian refineries begin avoiding Russian oil in push for US trade deal, Reuters says
Indian oil refineries are reportedly stopping purchases of Russian oil to facilitate a trade agreement with the United States.
Why NNPC pulled the plug on refineries โ Ojulari
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.
NNPC targets foreign partners as Dangote provides lifeline
The Nigerian National Petroleum Company Limited is seeking foreign partners to revive its struggling state-owned refineries, while the Dangote Petroleum Refinery offers critical support for domestic fuel supply stabilization.
Afternoon recap: US troops arrive Nigeria, NNPC refineries run at loss, other top stories
This article covers significant news including the arrival of US troops in Nigeria and the operational losses of Nigeria's state-owned refineries.
JUST IN: NNPC ran refineries at monumental loss โ Ojulari
Bayo Ojulari, CEO of the Nigerian National Petroleum Company, revealed that Nigeria's refineries are incurring significant losses, leading to a decision to halt operations to avoid further financial damage.
Thank God for Dangote refinery, Ojulari tells Nigerians
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 refineries struggle to absorb sudden rise in Venezuelan oil imports
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.
Putin's 'number one enemy' advises the West. He said what will destroy the Russian economy
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.
Refiners battle crude shortage as Nigeria exports 306m barrels
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.
Trade in oil from Venezuela is starting. Traders entice India and China
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.
America unveils its strategy regarding Venezuelan oil and cautious interest from companies
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.
Venezuelan oilโs return could impact Texas refineries and gas prices nationwide
The impending arrival of Venezuelan crude oil to Texas refineries is expected to significantly affect gas prices across the United States.
Moeve and Galp negotiate merging their refineries and gas stations in the Iberian Peninsula
Moeve and Galp have reached a non-binding agreement to negotiate the potential integration of their downstream businesses in the Iberian Peninsula to create a stronger competitor in the market.
Moeve (Cepsa) and the Portuguese Galp are negotiating the merger of their gas stations and refineries
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.
America plans to control Venezuelan oil and Chevron seeks expansion
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.
Moeve and Galp negotiate the integration of their gas stations and refineries
Moeve and Galp are in non-binding talks to integrate their downstream businesses to establish leading energy and mobility platforms in Europe.
Chevron divides the skin on Lukoil. It is worth 22 billion dollars
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 squeezes oil pipelines and refineries as it focuses on decarbonization
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.
Oil facilities in Venezuela were not damaged in American attacks
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.
Indians want to appease Donald Trump. They will buy less oil from Russia and more from the USA
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.
CIA secretly assisted Ukraine in attacks on Russian refineries
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.