Oil Imports News Monitoring

Modular refiners await NNPC’s crude supply six months after pledge

Several modular refiners are still awaiting their first crude oil supplies despite the Nigerian National Petroleum Company Limited (NNPCL)’s pledge to support them as part of the federal government’s efforts to boost local refining capacity and reduce …

Crude falls to $42, but high tax keeps petrol, diesel prices high in India

India’s average crude oil import price has declined to $71.20 per barrel, marking a 42-month low, yet retail prices of petrol and diesel remain high due to taxation policies and refiners’ profit margins. Despite the reduction in international crude oil …

Goldman Sachs lowers oil price target on expectations of slower GDP growth

Oil's recent descent has prompted Goldman Sachs analysts to lower their price target for the year, in part due to expectations of softer economic growth amid President Trump's tariff policies. The firm reduced its December 2025 forecast for Brent …

Second large oil, gas reserves discovered in Waziristan

Listen to article Pakistan has made a significant breakthrough in its energy sector with the discovery of a second major oil and gas reserve in the Waziristan Block, according to an official statement. Mari Petroleum Company Limited (MPCL) informed the …

How Tinubu’s Subsidy Removal Plunged Niger Republic Into Crisis As Fuel Scarcity Worsens

Less than two years after President Bola Ahmed Tinubu ended Nigeria’s fuel subsidy, the effects of the decision are now being severely felt in neighboring Niger Republic. Findings by The PUNCH indicate that trade between the two countries surged by 82% in …

Oil Prices Start the Week With a Gain After U.S. Strikes on Yemen

Crude oil prices started the week with a jump following U.S. attacks on the Yemeni Houthis, with the Department of Defense stating the attacks will continue until the Houthis stop attacking ships traversing the Red Sea. At the time of writing, Brent crude …

Sustainable Aviation Fuel: A Path to American Energy Leadership and Agricultural Prosperity

Few innovations present as much promise for strengthening America’s energy future and supporting farmers as Sustainable Aviation Fuel (SAF). More than a simple alternative to conventional jet fuel, SAF provides a strategic opportunity to bolster U.S. …

Nigeria spent over ₦520bn on arms imports in 2024 – highest in five years

This was revealed in the Q4 2024 Trade Statistics Report released by the National Bureau of Statistics (NBS) on 7 March 2025. According to the report, Nigeria imported a total of ₦777.1 billion worth of arms and ammunition between 2020 and 2024. The NBS …

India’s goods trade deficit at a 42-month low on reduced gold, silver and crude imports

India’s gold and silver imports were at $2.7 billion, which is the lowest since June 2024, when the value was $2.5 billion. | Photo Credit: PTI India’s goods trade deficit was down to a 42-month low of $14.05 billion as imports of gold, silver and crude …

Major oil and gas reserves discovered in Waziristan

Pakistan has achieved a significant milestone in its energy sector with a new discovery in Waziristan. The Mari Petroleum Company Limited (MPCL) announced this finding on the Pakistan Stock Exchange (PSX). The new hydrocarbon reserves were found in the …

Two Trades To Watch: USD/JPY, Oil Forecast - Monday, March 17

Monday, March 17, 2025 8:20 AM EDT Image Source: Unsplash   USD/JPY holds steady ahead of the Fed & BoJ decisions this week The BoJ & the Fed announce rate decisions on Wednesday. US retail sales data is due today USD/JPY has paused above …

Oil Futures Climb on Geopolitical Events; Brent Trades at $71

Maria Eugenia Garcia DTN Energy Editor HOUSTON (DTN) -- Crude oil futures rose Monday morning amid news of a possible ceasefire in the Russia-Ukraine war and after U.S. President Donald Trump ordered air raids on various towns in Yemen to attack Houthi …

Falling petrol prices seen threatening oil and gas stocks

The escalating competition between Dangote Refinery and PMS importers is posing a significant risk to the future performance of oil and gas stocks in Nigeria. As of March 12, the NGX Oil and Gas Index has recorded a 7% decline, driven by a broad downturn …

Malaysian palm oil inventories down to 1.51m tonnes in February, lowest since April 2023

PETALING JAYA: Malaysia’s palm oil inventories fell to 1.51 million tonnes in February 2025, the lowest level since April 2023, according to the Malaysian Palm Oil Council (MPOC). It said in a statement today palm oil production from January to February …

Thinking Global, Acting Local: How Expert Petroleum Deals with Mature Fields

Michel Louboutin, Co-Founder and COO, along with Alex Serban, Subsurface New Ventures Manager, delve into the operations of Expert Petroleum—a company specialising in the exploitation of mature wells and the environmental considerations that are central to …

Petroleum Importers Limited (PIL) Denies Reports of Oil Shortage Letter

Petroleum Importers Limited (PIL) has dismissed claims that it has written to the Malawi Energy Regulatory Authority (MERA) regarding an oil shortage in the country. In a statement, PIL refuted the authenticity of a letter circulating on social media, …

India's Trade Deficit Narrows To $14.05 Billion As Imports Fall To $50.96 Billion

Last Updated:March 17, 2025, 16:16 IST India's exports also decline for the fourth month in a row in February to $36.91 billion due to volatility in petroleum prices and global uncertainties. India's merchandise shipments witnessed a decline in …

Oil Prices Hit 3-year Low, Goldman Sachs Lowers Forecast Again

The American investment bank Goldman Sachs has once again lowered its oil price forecast for this year. Following last week's three-year low in international oil prices, the bank expects prices to continue falling. According to Reuters on March 16 ( …

Petroleum Importers raises alarm on impending fuel shortage due to financing challenges

Preliminary Agenda Announced For 2025 International Fuel Ethanol Workshop & Expo

Produced by Ethanol Producer Magazine and organized by BBI International OMAHA, NE, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Ethanol Producer Magazine announced this week the preliminary agenda for the 2025 International Fuel Ethanol Workshop …

Green Energy Transition Accelerates Biodiesel Adoption Across Europe

Europe's biodiesel market is set to grow due to sustainable fuel demand in transport and power, but high costs and efficiency issues may limit expansion. WILMINGTON, DE, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- The Europe …

inGeniti Selected as a Finalist for Incubatenergy Labs Pitch Day at DISTRIBUTECH 2025

Company to Showcase Optima, a Universal Energy Optimization Solution that is both Unique and Transformational SAN FRANCISCO, CA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- inGeniti, a leader in intelligent energy optimization, is …

Automation Reshapes the Combined Heat and Power Market: Trends & Forecast (2021-2030)

Automation in Combined Heat and Power Market Expected to Reach $24.12 Billion by 2030-Allied Market Research WILMINGTON, DE, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- The automation in combined heat and power market in Asia-Pacific is …

Polysense Expand its SW-defined Environmental Monitoring Sensors Portfolio for Government and Enterprise Sectors

Polysense expand its SW-defined sensors portfolio with atmospheric AQI and meteorological integrated weather station monitoring sensors SANTA CLARA, CA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- In an era defined by escalating …

The Fast Fire Watch Company Expands Services to Include Maritime Fire Watch

The Fast Fire Watch Co., the leading provider of fire watch services in the US, announces the expansion of their services to include maritime fire watch. MS, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- The Fast Fire Watch Company, a …

Sunshine Hustle: Florida Solar Sales Rep Outshines Traditional Careers with Cutting-Edge Technology

Solar sales reps in Florida are crushing it with door-to-door canvassing software FL, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- In the sun-soaked neighborhoods of Florida, a quiet revolution is underway. While many hustle through …

Breakthrough in Condenser Performance: How Bionetics Solved Westinghouse’s Starburst Tube Bundle Inefficiencies

Bionetics' retrofit boosts condenser efficiency, cutting pressure, improving air removal, & raising cleanliness from 72% to 95%. WESTERVILLE, OH, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- The Bionetics Corporation, a leading …

DM3D Technology Powers First-Ever Installed 3D-Printed Valve Manifold Assembly on U.S. Navy Aircraft Carrier

DM3D is a fully integrated metal additive manufacturing company and a trusted digital manufacturing partner of critical metal components for several industries. DETROIT, MI, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- DM3D Technology, a …

GreenLab Names Dr. Maurice Moloney as President and Chief Science Officer

Dr. Maurice Moloney brings 30+ years of expertise to lead the development of next-generation plant-based products JONESBORO, AR, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- GreenLab, Inc. appoints Dr. Maurice Moloney as President and Chief …

Barton Springs Edwards Aquifer Conservation District and AAG Unite to Modernize HR and Energize Collaboration

New performance reviews and the 5Bs approach spark a fresh dynamic for organizational growth. AUSTIN, TX, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Barton Springs Edwards Aquifer Conservation District (BSEACD) joined forces with …

Qube Technologies Secures EPA Approval for Continuous Methane Monitoring

CALGARY, ALBERTA, CANADA, March 17, 2025 /⁨EINPresswire.com⁩/ -- Qube Technologies has received approval from the U.S. Environmental Protection Agency (EPA) for its continuous point-source methane monitoring system. This approval recognizes Qube’s …

Southern Quality Propane Announces New Scholarship

Southern Quality Propane's Sam Gentry Scholarship now offers 28 awards! Apply by April 14, 2025 at SouthernQualityPropaneScholarship.com. THOMASVILLE, GA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Southern Quality Propane is proud …

HVDC Transmission Market Set for 8.95% CAGR, Projected at USD 16,753 Million by 2030 | Hitachi, Nexans, Siemens, ABB

HVDC Transmission Market: Growth driven by renewable energy, grid expansion, and efficiency in long-distance power transfer. WASHINGTON, WA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Market Research Future published a …

Solar PV Mounting Systems Market Expanding Rapidly, Expected to Hit USD 24,026.70 Million by 2030 with 7.60% CAGR

The Solar PV Mounting Systems Market is growing due to rising solar energy adoption, innovations, and government incentives. NEW YORK, NY, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive research …

PPDM Association Announces Expert Panel Discussions at the annual PPDM Energy Data Convention in Houston

Transformational Insights: Empowering Decisions Through Data Excellence HOUSTON, TEXAS, UNITED KINGDOM, March 17, 2025 /⁨EINPresswire.com⁩/ -- The Global Energy Data Professionals is pleased to highlight the panel discussions taking place at the …

Successful Deep Cold Vehicle Starter Battery Customer Test

STATE COLLEGE, PA, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- FastLion Energy Inc. (FLE) announces successful testing of a starter battery in a cold-weather tactical vehicle. This battery utilized FLE’s 30x™ technology to restore high …

Generator Sets Market Trends: The Future of Backup Power

Generator Sets Market: Future Trends | Asia-Pacific Dominate by South Korea, Australia, Singapore, Japan, Taiwan WILMINGTON, DE, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, …

Membrane Bioreactor (MBR) Market Trends: Role in Sustainable Water Management

Membrane Bioreactor Market: Waste to Wealth | North America Robust Growth by Canada, United States WILMINGTON, DE, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied Market Research, the …

Let’s Talk™ With Ron Gazboda, CEO, Founder, Owner, ARK Protection Group

Ron presently serves as the head of security for Vivek Ramaswamy, candidate for Governor in the State of Ohio. NEW YORK, NY, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- About Ron Gazboda, CEO & Founder, ARK PROTECTION GROUP With …