Latest News for: Oil producers

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Petrochemical Storm Clouds Gather Over Saudi Arabia

The Arabian Post 19 Apr 2024
One of the biggest challenges facing the industry is the rising cost of feedstock, the raw materials used to produce petrochemicals ... The kingdom is a major oil producer and a key player in the global energy market.
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Military Pledges Full Support as FG Seeks End to Oil Theft, Raises Output

This Day 19 Apr 2024
The minister argued that there’s no oil-producing country in the world which takes its security very lightly, explaining that he has full confidence that the Nigerian military, working with the ...
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Bloomberg: Dangote Refinery Getting a Third of Its Crude from US, Set to Shake W’African Supply Market

This Day 19 Apr 2024
The 650,000 barrels per day Dangote Crude Oil Refinery near Lagos is getting at least a third of its crude oil supply from the United States, underscoring the cheapness of US oil compared to other producing countries’.
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PIA: Bayelsa Ready for Littoral Communities’ Mapping Exercise, Says Deputy Governor

This Day 19 Apr 2024
Ewhrudjakpo, who expressed concern that Bayelsa was the only oil-producing state where littoral communities were yet to be captured by the National Boundary Commission (NBC), urged community leaders to take the exercise seriously.
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Oil prices jump on escalating tensions in the Middle East

CNN 19 Apr 2024
Oil prices jumped on Friday while Asian markets tumbled, with global investors worrying about an escalation in conflict in the Middle East after explosions were reported near the Iranian city of Isfahan ... In Seoul, S-Oil Corp rose 2.1%.
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Oil disruption fears in the Middle East are getting real after reports of an Israel ...

Business Insider 19 Apr 2024
Oil prices jumped while stocks sold off after reports of an escalation in Middle East tensions ... Markets have been on edge over fears of a widening of the conflict in the Middle East — a major oil-producing region.
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Petrobras’ Prates Aligns Himself With Lula to Boost Shipbuilding

Yahoo Daily News 19 Apr 2024
(Bloomberg) -- Brazil’s state-controlled oil producer Petrobras is getting behind President Luiz ...
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Asian stocks fall after Israel attacks Iran

Business Day 19 Apr 2024
Tokyo — Asian shares and bond yields sank on Friday while safe-haven currencies, gold and crude oil jumped ... Iran is the third-largest oil producer of oil cartel Opec, according to Reuters data.
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Seplat’s Dual Listings: 10-years of Economic Impact, Shareholders’ Value

This Day 19 Apr 2024
... The Eland acquisition followed earlier acquisitions such as Belema Oil Producing (an Energy Exploration outfit) in February, 2015 and ANOH Gas Processing (an Energy refining company) in March 2019.
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Earth Day: A look at what’s being done to decrease plastic use

Daily Bulletin 19 Apr 2024
The first synthetic plastic — Bakelite — was produced in 1907 ... As of 2019, about 8.3 billion metric tons of plastic have been produced in the U.S., and of that, less than 9% has been recycled ... crude oil consumption does plastic production account for?.
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Stocks sink, oil jumps after Israeli attack on Iran

GDN Online 19 Apr 2024
Iran is the third-largest oil producer of the Organization of the Petroleum Exporting Countries, according to Reuters data.
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Other ships lost propulsion in Maryland waters before Key Bridge collapse

Baltimore Sun 19 Apr 2024
Ships that experience a loss, or disruption of, power or propulsion in American waters are required to report the incident to the Coast Guard, which produces reports explaining the problem and what caused it.
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Africa's top oil producer sets ambitious revenue target

Beijing News 18 Apr 2024
Last year, Africa's top oil producer failed to meet its 2023 target of 1.69 million bpd, producing only 1.47 million, according to the Nigerian Upstream Petroleum Regulatory Commission ... in oil prices.
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Analysts skeptical about Nigeria's bid to improve local crude refining

Voa News 18 Apr 2024
This week, authorities also announced a new policy that oil producers must ... The new measure includes penalties for oil producers who divert crude oil or refiners who fail to meet payment obligations.
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How a flare-up in Mideast conflict could affect oil prices

Khaleejtimes 18 Apr 2024
Among the top 10 oil-producing countries of the world, five are in the Middle East. Saudi Arabia is the largest oil producer, contributing over 12 per cent of the global crude production.
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