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- Aug 17, 2026earliest in window
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News
IEA: 2026 oil supply gap will widen on delayed return of normal Gulf flows
3+ day, 14+ hour ago (498+ words) Global oil supply and demand look set to fall further than previously expected this year, the International Energy Agency said on Friday, as a lack of progress in ending the conflict in the Middle East delays the return of normal…...
Asia's refined fuel imports hit post-war low: Can the Middle East help?
1+ week, 5+ day ago (692+ words) The crisis created by the Iran conflict in the supply of refined fuels in Asia continued in August, with the top-consuming region's imports dropping to the lowest point since the war started. Asia's imports of light and middle distillates are…...
CITGO to invest $310 MM to improve naphtha upgrading at Lake Charles refinery (U.S.)
1+ week, 6+ day ago (260+ words) CITGO Petroleum Corporation is advancing its Lake Charles Refinery Depentanizer Project, a $310 million investment that supports the long-term competitiveness of one of the nation's largest and most complex refineries. The project will add new facilities and equipment to improve naphtha…...
As Nigeria's Dangote refinery nears record IPO, investors focus on oil supply costs
2+ week, 4+ day ago (505+ words) Nigeria's Dangote Refinery, the largest on the continent, is expected in October to seek to raise around $5 billion in Africa's biggest IPO listing yet, after months of strong earnings, boosted by the disruption caused by the Iran war. For potential…...
New Sinopec boss presses reset for world's biggest oil refiner
2+ week, 5+ day ago (713+ words) Hou Qijun has set out to transform Sinopec, the world's largest refiner, as it faces dwindling fuel demand, overcapacity in petrochemicals and the world's worst oil crisis, when he could be coasting into retirement like other Chinese state executives. Appointed…...
Dangote refinery drives increase in petroleum shipments from Nigeria
2+ week, 6+ day ago (252+ words) Seaborne petroleum product exports from Nigeria have grown seven-fold since 2023, playing an increasing role in the international market for petroleum products at a time when supplies from other areas have been constrained. Underpinned by the opening of the Dangote refinery…...
Opinion: The Hormuz crude volume debate masks the real shortage of refined fuels
3+ week, 53+ min ago (686+ words) The crude oil market is currently engaged in the wrong debate over how much oil is actually moving via the Strait of Hormuz. It should be debating the constrained flows of refined products around Asia. U.S. Energy Secretary Chris Wright has…...
Indian refiners' July crude processing rises 6.8% from a month earlier
3+ week, 2+ day ago (95+ words) Indian refiners' crude throughput rose 6.8% month-on-month in July to 5.62 million barrels per day (23.77 million metric tons), showed provisional government data dated August 20. REFINERY PRODUCTION IN TERMS OF CRUDE THROUGHPUT (in 1,000 tons): (click to enlarge image) Source: Ministry of Petroleum and…...