- Oil prices slide on stronger dollar, potential Middle East tensions alleviation
March 28, 2024
Oil prices declined on Friday due to the potential for a ceasefire in Gaza, which could alleviate geopolitical tensions in the Middle East. Additionally, the stronger U.S. dollar and weakening demand for gasoline in the United States con...
- Nigeria's Dangote oil refinery could accelerate European sector's decline
March 27, 2024
Nigeria's giant Dangote oil refinery could bring to an end a decades-long gasoline trade from Europe to Africa worth $17 billion a year, heaping pressure on European refineries already at risk of closure from heightened competition, anal...
- Oil settles lower as markets weigh Russian supply woes
March 26, 2024
Oil prices settled lower on Tuesday as investors took a more mixed view toward the loss of Russian refinery capacity after recent Ukrainian attacks.
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- European Oil Weakens Again as Region Enters Peak Outage Season
March 22, 2024
The physical crude market in Europe is slumping afresh as the region heads into peak refinery maintenance season amid a flood of oil from the US.
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- Russia’s Spare Refining Capacity Can Mitigate Drone Attacks
March 22, 2024
Ukraine’s drones have hit facilities accounting for more than a 10th of Russia’s oil-refining capacity, but the actual reduction in crude processing may be just half that size because the country’s downstream industry can utilize existin...