Fuel Demand

KEY POINTS The Dangote Petroleum Refinery has reached a historic milestone, producing a combined 70 million litres of petrol and diesel daily, a volume that outstrips Nigeria’s total domestic fuel …

KEY POINTS Oil prices slid on Friday, pressured by expectations of slowing consumption in the United States and a looming surge in supply from OPEC and its allies. Brent crude …

Oil prices rise with U.S. fuel demand as the market watches the Ukraine ceasefire discussions and the Fed’s interest rate decision.

Oil prices dip as weaker U.S. consumer sentiment and economic data weigh on the market, despite hopes for a Fed rate cut boosting optimism.

China’s Sinopec, the world’s largest oil refiner, reported a 9.9% decline in 2023 net profit. Despite the decrease, the company benefited from a strong rebound in domestic fuel demand, particularly …