Oil Imports News Monitoring

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, …

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 …

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 …

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 …

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

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 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 ( …

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 …

Grangemouth: A new dawn for the home of UK's oldest oil refinery?

Kevin KeaneBBC Scotland's environment correspondent ShareSave There is both concern and optimism about the Grangemouth site's long-term future The history of Grangemouth has been built on fossil fuels – but now its future depends on its reinvention …

Fuel crisis looms as Malawi faces acute shortage of financing for petroleum products

Malawi is on the brink of another severe fuel crisis due to a crippling shortage of financing for the importation of petroleum products. Petroleum Importers Limited (PIL) has sounded the alarm, warning that the situation has become critical, with the …

Italy increases crude oil imports from Azerbaijan

Italy increases crude oil imports from Azerbaijan 17 March 2025 15:41 (UTC+04:00) Italy has significantly increased its imports of crude oil and crude oil products from Azerbaijan in the first two months of this year, Azernews reports, citing the State …

Azerbaijan Sees Unprecedented Growth In Oil Product Exports For 2025

(MENAFN- Trend News Agency) BAKU, Azerbaijan, March 17. A total of 111,000 tons of oil products (except crude products, oil, and oil products derived from bituminous rocks; products with oil or oil products content of 70 percent by weight or more) were …

How subsidy removal, tension worsened Niger’s fuel scarcity

•Fuel marketers decry closure of stations at border towns, citizens demand more Nigerian goods Less than two years after President Bola Tinubu removed the fuel subsidy in Nigeria, the effect of the decision is now being felt deeply by neighbouring Niger …

Global uncertainty fuels selloffs on NGX as investors lose N365b

Global tension and uncertainties have continued to fuel negative sentiments on the equities sector of the Nigerian Exchange Limited (NGX) as the market tumbled for the third consecutive week, causing investors’ wealth to dip further by N365 billion. Last …

IPMAN denies opposing reduction in fuel price by Dangote, NNPCL

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has denied opposing the recent slash in Premium Motor Spirit (petrol) prices by Dangote Refinery and the Nigerian National Petroleum Corporation Limited (NNPCL). A former presidential aide …

Nigeria imported N520bn weapons in 2024 – Report

Nigeria imported arms and ammunition worth over N520bn in 2024, The PUNCH has learnt. According to the Q4 2024 trade statistics report released by the National Bureau of Statistics on March 7, 2025, the country spent  N777.1bn on arms and ammunition …

Trump’s oil and gas dream is set to blow up in his face

Well, indeed. China is the world’s biggest importer of crude and LNG, and it is moving with alacrity to end this state of affairs. Most tankers pass through the Strait of Malacca, easily choked by US warships. The “Malacca dilemma” has guided Chinese …

Look for alternative fuels to expand in India, Gadkari tells mining equipment co | Nagpur News

Nagpur: Union minister for road transport and highways Nitin Gadkari… Nagpur: Union minister for road transport and highways Nitin Gadkari said when he launched electric vehicles like cars, bikes, and scooters, there was confusion initially. Now, there is …

Dangote refinery polypropylene set to hit market

The Dangote oil refinery has commenced the startup of its polypropylene facility in Lagos, The PUNCH reports. Our correspondent gathered that the polypropylene facility will be officially unveiled soon. S&P Global also reports that starting up Dangote’ …

E2SOL Teams Up with Yotta Energy to Launch Smart Solar Highway Median Power Infrastructure

PROVIDENCE, RI, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- – As the push for electrified transportation and clean energy infrastructure accelerates, E2SOL and Yotta Energy have announced an innovative Smart Solar Highway Median (SSHM) …

Green Power Solutions Unveils Ohmni – A Revolutionary AI Chatbot for Smarter Energy Management in Security Towers

Green Power Solutions is excited to announce the launch of Ohmni, an AI-powered chatbot designed to transform how businesses monitor and manage remote assets. REDRUTH, CORNWALL, UNITED KINGDOM, March 17, 2025 /⁨EINPresswire.com⁩/ -- Green Power …

His Highness Shaikh Mohammed Bin Sultan Bin Hamdan Al Nahyan announces Strategic Partnership with Diginex (Nasdaq: DGNX)

Nomas announces Strategic Partnership with Diginex (Nasdaq: DGNX) for ADX Dual Listing, USD$250 Mn Capital Injection to Advance Sustainable Finance in the UAE Diginex Limited (NASDAQ:DGNX) ABU DHABI, UNITED ARAB EMIRATES, March 18, 2025 /⁨ …

Galvanic Energy names Humphers as president

OKLAHOMA CITY, OK, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Galvanic Energy, with its subsidiary Bright Star Exploration, announced today that Chief Financial Officer Jeremy Humphers, CPA, will assume a new leadership role as the …

Growing Investments in Upstream Oil & Gas Boost the Well Testing Services Market

Growing oil demand in transport, unconventional resource exploration, and industry digitization drive global well testing services market growth. WILMINGTON, DE, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- The well testing services …

Submarine Power Cable Market Growth Surges to 9.4% CAGR, Forecasted at USD 31.55 Billion by 2032 | Nexans SA, Prysmian

The submarine power cable market is a crucial segment of the global power transmission industry NEW YORK, NY, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- According to a comprehensive research report by Market Research Future (MRFR), the …

Hydrogen Fuel Cells Gain Momentum as Industries Shift Toward Sustainable Energy

Growing EV adoption, telecom demand, and reduced reliance on non-renewable energy are driving market growth. WILMINGTON, DE, UNITED STATES, March 18, 2025 /⁨EINPresswire.com⁩/ -- The global hydrogen fuel cell market size was valued at $2.7 billion …

Agrellus Announces 2025 Innovation Grant Recipients

Agrellus Proving Ground is designed to conduct trials that "think like a farmer" through a rigorous methodology on REAL farms, independently, at Farm Scale. LUBBOCK, TX, UNITED STATES, March 17, 2025 /⁨EINPresswire.com⁩/ -- Agrellus, a …

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 …

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 …

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 …

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 …

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 …