Nigeria's Dangote Oil refinery, Africa's largest, could begin operating at full capacity in 30 days, the head of the refinery ...

A senior official claims that Ukrainian long-range drones have struck one of Russia’s biggest oil refineries for the second time in three days ...

Nigeria's upstream oil regulator said on Monday it would deny export permits for oil cargoes from producers who fail to meet their stipulated supply quota to local refineries, including the Dangote ...

--BP has committed to maintain its $1.75 billion quarterly buyback. However, consensus expectations are for around $1.0 billion but it could be as low as $750 million due to weak refining margins, RBC ...

BP Plc plans to sell oil refining and chemical assets in Germany, as the company scales back operations in the country due to high costs. The process, which involves the potential sale of a ...

This is even as the group lamented that quite a number of local refineries have been abandoned due to the failure of oil producers to obey the domestic crude supply obligation. The Petroleum ...

The oil-and-gas company’s refining margin fell to $5.9 a barrel, compared with $9.9 a barrel a year ago.

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has praised the Federal Government for its decision to ban the exportation of crude oil allocated to local refineries.

The Nigerian Upstream Petroleum Regulatory Commission has directed exploration and production companies to strictly adhere to the Crude Oil Supply Obligations for local refineries. The commission ...

Europe’s Oil Market Flashes Price Weakness on Refinery Halts Major crudes in North Sea, Mediterranean markets fall sharply Light, sweet supply set to rise as new streams come online ...

Ukrainian drones struck more Russian oil and gas facilities, the latest in a near-daily series of attacks meant to hurt Moscow’s war effort. The drones hit Lukoil PJSC’s Volgograd refinery ...