According to him, Nigeria is already on track to becoming a net exporter of petroleum products as local refining capacity continues to grow.

State-owned company Pemex said a minor crude oil leak at its 340,000 b/d Dos Bocas refinery early Monday triggered a small fire accompanied by black smoke, but the incident was quickly brought under control without disrupting refinery operations.

During the Cold War, the U.S. was vulnerable to supply shocks, such as cuts to its supply of imported crude oil. In 1979, the Iranian Revolution demonstrated that vulnerability by pushing crude prices from roughly $13 to $34 per barrel within a year.

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. The Iran War was an incidental trigger, but not the root cause of high gasoline prices in the U.S. There is a structural mismatch between the ...

US Treasury sanctioned Hengli Petrochemical for allegedly importing billions in Iranian crude oil since 2023, targeting roughly 40 shipping

Niger has entered a 16-year public-private partnership with Zimar Group Inc. and Hightech Co. to develop a $1.9 billion refinery and petrochemical complex at Dosso to help

Forbes contributors publish independent expert analyses and insights. Specialist in global markets, economics and alternative investments. This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more.