The Latest Breaking News from Petroleum

The E2E International 100 features the 100 fastest-growing companies in the UK, who have made their mark in the international marketplace. Now, in association with The Independent, E2E reveal the companies that are topping this prestigious list as Prax Petroleum Limited, Argent Energy Limited and OS Phoenix Holdco Limited.

The Consortium of Indian Petroleum Dealers (CIPD), a body representing over 60,000 fuel outlets across the country, has urged dealers not to turn away customers who pay using ₹2,000 notes and, instead, handle them on a case-by-case basis to avoid complaints

Nigeria has opened an oil plant billed as Africa's largest refinery. Outgoing President Muhammadu Buhari inaugurated the new facility in Lagos, calling it a "game-changer". With a capacity of 650,000 barrels a day, the $19 billion plant built by Aliko Dangote – Africa's wealthiest man – could help Nigeria's drive…

Chinese petroleum giant Sinopec has signed an agreement with Sri Lanka to enter its retail fuel market

Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it will help the country achieve self-sufficiency and become a net exporter of refined petroleum products

The Territorial Army (TA) stepped in and took control of oil installations in Manipur which were not operational, and augmented manpower where there is a shortage to ensure supplies of essential petroleum and oil products

Nigeria’s new Dangote petroleum refinery is Africa’s biggest – it will produce 650,000 barrels a day, giving it the potential to address the country’s energy supply crisis. First product from the refinery is expected to hit the market by the end of July 2023.

Warren Buffett's Berkshire Hathaway has purchased Occidental Petroleum in six straight trading days, targeting a buy range of 58.11-58.66 since Tuesday.

In October 2022, the Biden administration told the crude oil market that the target range for replacing barrels sold from the U.S. Strategic Petroleum Reserve was $67 to $72 per barrel. The price is back at its buying level, and time will tell if the administration pulls the trigger to…

Move may mean government must deal with Greens to pass PRRT reforms as shadow treasurer warns against gas industry’s ‘death by a thousand cuts’

Earlier this month, the Petroleum and Natural Gas Ministry strongly denied a Finland-based think tank’s report alleging that India led five countries that acted as “laundromats” to buy Russian oil and sell refined products to European countries