-
China’s private refineries to import less Venezuelan crude in April amid sanctions
09 Apr 2025 02:54 GMT
China’s independent refineries are expected to sharply reduce Venezuelan crude oil imports in April … on imported bitumen blends, in addition to an existing 8% import tariff … ,000 mt (2.1 million barrels) in March. However, the overall …
-
Afreximbank to boost Africa oil trade with $3b
09 Apr 2025 03:24 GMT
African Export-Import Bank (Afreximbank) has committed $ … refined oil products within the continent and reduce Africa’s dependence on fuel imports … markets despite being rich in crude oil and natural gas.
He … $30 billion yearly on petroleum product imports.
-
Trump’s 14% tariff threatens N323.96bn Nigerian non-oil exports to US
09 Apr 2025 01:35 GMT
… .S. importers may shift demand to rival producers.
Refined lead, … impact of Nigeria’s import ban on various sectors, … of efforts to control imports and stimulate local production. … 90 per cent — comprises crude petroleum, mineral fuels, oils, and gas products …
-
Turning oil price drops into opportunity
09 Apr 2025 02:03 GMT
… petroleum procurement with intelligent currency management.
Pre-booking oil and LNG imports … generated through lower oil import bills should be … reliance on imported fossil fuels and provide … .
Upgrading outdated refinery infrastructure—currently operating …
-
Liberty Energy Slips After Wells Fargo Downgrades On Weaker Oil Prices, Retail’s Bullish But Slightly Less Optimistic
09 Apr 2025 04:01 GMT
… risk of oil prices continuing to decline following the OPEC+ production increase … the oil producer group agreed to boost output by 411,000 barrels … battered oil prices after President Trump introduced 10% tariffs on all imports …
-
India’s fuel demand hits 10-month high in March
09 Apr 2025 02:55 GMT
… ’s third-largest consumer and importer of oil. The data is a … March.
Cooking gas or liquefied petroleum gas sales increased 4.2% … , were 18.4% higher, while fuel oil use ticked up by 1 … considering a proposal to scrap import tax on U.S. liquefied …
-
Morocco’s Petroleum Association denies involvement in fuel price forecasts
09 Apr 2025 01:03 GMT
… (GPM), Morocco’s national petroleum association, issued a statement clarifying … principles governing the import and distribution of petroleum products in Morocco … legal and regulatory frameworks.
Fuel Fuel prices Petroleum Association
Newsletter
Subscribe now …
-
NNPC crude suspension to Dangote refinery affected OPEC output – Report
09 Apr 2025 01:35 GMT
… Petroleum Company Limited to suspend crude supply to the Dangote and other refineries … OPEC quota.
In March, OPEC pumped 26.63 million barrels … Export–Import Bank, a key investor in oil and … continent heavily reliant on imported refined products, according to …
-
Oil’s crude awakening
09 Apr 2025 03:55 GMT
…
The world’s largest importer of crude—Asia—is now staring … Lanka—smaller but fast-growing refined product consumers—are also … —pulling forward 411,000 barrels per day of production … . Instead of stabilizing the oil market, OPEC+ may have unwittingly added …
-
After Slamming 14% Tariff, US Kicks against Nigeria’s Import Ban on 25 Product Categories
09 Apr 2025 04:04 GMT
… China’s retaliatory 34% import fee on American products … or dead birds, refined vegetable oil and fats.
Others according … trade.
It stated, “Importers report inconsistent application of customs … , cosmetic, and pesticide imports be accompanied by certificates …