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New Delhi: India’s oil product demand rose by 419,000 barrels per day (tb/d) in November 2024, marking a 7.9% year-on-year increase, as diesel, gasoline, and LPG consumption drove growth, according to ...

The Organisation of Petroleum Exporting Countries (OPEC) says Nigeria’s average daily crude oil production dropped marginally to 1.485 million barrels per day (bpd) in December 2024. In its ...

Yesterday both the IEA and OPEC released their monthly oil market report, ING’s commodity analyst Warren Patterson and Ewa Manthey note. “The IEA warned of potential supply disruptions ...

This is notably lower than OPEC's more optimistic projection of 1.4 million b/d growth for 2025. "While it is too early to fully quantify the potential impact from these new measures, some operators ...

Oil prices climbed above $81 per barrel yesterday, following the release of the latest Monthly Oil Market Report (MOMR) by the Organisation of Petroleum Exporting Countries (OPEC) and projections ...

A report by OPEC on Wednesday stated that the emergence of Dangote refinery has reduced the importation of petroleum products from Europe to Nigeria. “The ongoing operational ramp-up efforts at ...

The Organisation of Petroleum Exporting Countries, OPEC, has said Dangote Refinery is affecting European markets, as importation of petroleum products in Nigerian had dropped. Read Also ...

The Organization of the Petroleum Exporting Countries (OPEC) has forecast global oil demand growth rate at 1.4 million barrels per day (mb/d) in 2025, with a similar growth rate expected in 2026. In ...

The Organisation of the Petroleum Exporting Countries Fund (the OPEC Fund) is co-financing Africa’s largest onshore wind power project, contributing $30 million to the construction of two 550 MW wind ...

The Dangote Refinery was commissioned in May 2023. The Organisation of the Petroleum Exporting Countries (OPEC) says the production of petroleum products by the Dangote Petroleum Refinery has ...

OPEC projects a higher demand growth of 1.45 million barrels daily. Disappointing data from major Asian markets, including China, India, and African countries, prompted OPEC to revise its oil ...