Japan’s oil refiners have secured enough crude through November despite Middle East tensions, the Petroleum Association of Japan said, drawing on national reserves.
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Japan’s Eneos is buying billions in overseas oil and petrochemical assets to offset falling home demand, testing its ability to manage and trade assets abroad.
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Sinopec chairman Hou Qijun has launched a sweeping overhaul at the world’s largest refiner, splitting it into four profit centres as fuel demand slides.
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China’s refined fuel exports rose from June toward pre-Iran war levels in July, after Beijing eased the export curbs it imposed during the war.
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Marathon Petroleum’s Q3 profit beats expectations, bolstered by high throughput. The company announces a $5 billion increase in its share buyback program.
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Nigeria’s Dangote refinery readies for test runs, signaling a major shift in fuel self-sufficiency and regional energy influence.
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The Dangote Refinery, Africa’s largest oil refinery with a capacity of 650,000 barrels per day, is set to receive crude oil from the Nigerian National Petroleum Company Limited (NNPCL) in …