Page 82 - Vitol News Today

DHAKA (Reuters) - Bangladesh is struggling to pay for imported fuel because of a dollar shortage, letters reviewed by Reuters show, with the state petroleum company owing more than $300 million as it faces an "alarming decrease in fuel reserves". | 04:51am

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Nigeria's Dangote Petroleum Refinery will be commissioned on Monday amid hopes of an end to the country's recurring fuel shortages, but a lack of crude supply poses a major risk to it achieving full production.

The West African country has built a giant oil refinery to cover domestic demand Nigeria will commission its new Dangote Petroleum Refiner

Hydrocarbons will remain an integral part of energy mix for the foreseeable future, says Haitham Al Ghais

May 22,2023. The 650,000bpd facility is set to alter international energy landscape and end petrol smuggling in Nigeria. Lagos, Nigeria’s commercial nerve centre, will play host to many oil and gas industry heavyweights who would be arriving the city from different parts of the world to witness the inauguration of the world’s largest single-train refinery, |

Brent futures for July delivery rose 31 cents, or 0.4%, to $75.89 a barrel by 11:58 a.m. EDT (1558 GMT).

The West African country has built a giant oil refinery to cover domestic demand Nigeria will commission its new Dangote Petroleum Refiner

The initiative targeted individuals from 10 communities, namely Atuabo, Bakanta, Ngalekye, Sanzule (including Anwolakrom fishing area), Krisan, Eikwe, Anokyi, Ngalekpole, Asemda, and Baku in the Ellembelle District of the Western Region.

The country is already grappling with power cuts that have hurt its exports-oriented garments industry