Blog - MyPetroCareer

Analysis-Asia’s refiners face profit crunch as Kuwait cuts crude exports

*Crude oil barrels Singapore — Asian refiners are on the hunt for crude oil to replace Kuwaiti supply as the OPEC producer cuts exports by nearly a fifth to feed its huge new refinery, which […]

‘Global oil demand to rise 1.8 mmb/d in 2023’

*Crude oil export vessel Lagos — Enverus Intelligence Research (EIR), a subsidiary of Enverus, has released its latest quarterly FundamentalEdge report focused on global drivers for oil and gas prices to 2030, the five-year oil […]

China’s economy curbs outlook for diesel demand for rest of 2023

*A view of the city skyline and Huangpu river in Shanghai, China February 24, 2022. Picture taken February 24, 2022. REUTERS/Aly Song/File Photo Acquire Licensing Rights Beijing/Singapore — China’s muted economic growth in 2023 as […]

Why we destroyed 800,000-litres vessel caught with stolen crude

*Arrested vessel, MT Tura II, partially destroyed by the military Mkpoikana Udoma Port Harcourt — The Defence headquarters has given insight into the destruction of the 800,000 litres vessel, MT Tura II caught with stolen crude […]

NIMASA dispatch search and rescue team

*Majestic rig Michael James Leeds, England — The Nigerian Maritime Administration and Safety Agency, NIMASA, has dispatched a team comprising of search and rescue and marine accident investigation officers to the scene of the incident […]

OPDS arrests vessel with 250,000 litres illegally refined AGO in Rivers

*Commander of NNS Pathfinder, Commodore Desmond Igbo; and Marine Component Commander of OPDS, Commodore Adedokun Siyanbade, who represented the OPDS Commander, Rear Admiral Olusegun Ferreira, on board the MV Cecelia Imo in Port Harcourt Mkpoikana […]

Saudi Arabia oil exports hit 21-month low in June

*Saudi Aramco’s Ras Tanura Sea Island Terminal. Bengaluru — Saudi Arabia’s crude oil exports fell for a third straight month in June to their lowest since September 2021, data from the Joint Organizations Data Initiative […]

Kenya reinstates small fuel subsidy in government U-turn

*A tanker leaves the Rubis fuel station in the central business district of Nairobi, Kenya April 13, 2022. REUTERS/Thomas Mukoya/File Photo Nairobi — Kenya has reinstated a small subsidy to stabilise retail fuel prices for […]

India makes first crude oil payment to UAE in Indian rupees

News wire — India and the United Arab Emirates have started settling bilateral trade in their local currencies with India’s top refiner making payment in rupees for purchase of a million barrels of oil from […]

Oil marketers hint on fresh fuel price hike

*Say naira continued slide impacting price *Call for repairs of local refineries, roads *Fuel dispenser pump Sam Ikeotuonye Abuja — Oil marketers operating in the country have said the continued slide of the naira against […]