- Oil Forecasters See Saudi Arabia Extending Supply Cut Into 2024
November 10, 2023
As oil prices languish near a three-month low, forecasters are already predicting that Saudi Arabia won’t sit idle.
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- Expanded BRICS Unlikely To Challenge The Petrodollar Soon
November 09, 2023
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.
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- Africa’s Biggest Refinery Is Still Months Away From Full Production
November 09, 2023
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...
- Asia Naphtha/Gasoline-Gasoline margin rises above $12/bbl
November 09, 2023
Asia’s gasoline refining profit margin jumped on Wednesday amid hopes of a rise in Australian demand during the summer season, traders said.
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- Nigeria's Giant New Oil Refinery Months Away From Full Start Up
November 09, 2023
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.
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