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Dangote Refinery To Ship Its First Gasoline Cargo Out of Africa

OilPrice

The Dangote oil refinery in Nigeria, Africa’s largest crude processing facility, is set to ship its first gasoline cargo out of the African region with a vessel heading for Asia, a source with knowledge of the plans told Reuters on Wednesday. We sell our products…

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U.S. Refining Giant Valero to Shut California Refinery

OilPrice

Valero Energy plans to idle, restructure, or cease refining operations at its Benicia Refinery in California by the end of April 2026, as one of the biggest U.S. The impairment was recorded for the Benicia and Wilmington refineries and is expected to be treated as a special item and excluded from the

Refinery 346
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Phillips 66 to Lay Off Most Workers at Los Angeles Refinery

OilPrice

refining giant Phillips 66, which will close its LA refinery later this year, will lay off in December most of the workers at the plant, Reuters reports, citing sources with knowledge of the plans. Last October, Phillips 66 said it would shut down its refinery in the Los Angeles area in the fourth quarter of 2025, due to market dynamics.

Refinery 314
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Scotland’s Sole Oil Refinery Shuts Down for Good

OilPrice

The only refinery in Scotland has stopped processing crude oil after 100 years of operation, as planned by its owners who announced the decision in the autumn of 2024. Petroineos, a joint venture between PetroChina and INEOS, said it would transition the site to a finished fuels import terminal and distribution

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World oil market may be tighter than it looks, IEA says

Oil & Gas 360º

(Investing) – VIENNA -The world oil market may be tighter than it appears despite a supply and demand balance pointing to a surplus, the International Energy Agency said on Friday, as refineries ramp up processing to meet summer travel demand. Given rising seasonal demand, refinery crude processing rates will increase by 3.7

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Nigeria’s Mega Refinery Halts Petroleum Sales in Naira

OilPrice

Nigerias Dangote Petroleum Refinery has suspended sales of petroleum in the country after it stopped receiving naira-denominated crude cargoes from the state-owned Nigerian National Petroleum Company (NNPC). In a statement on Wednesday, Dangote Petroleum Refinery said it has temporarily halted the sale of petroleum products in naira..to

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PetroChina to Shut Its Largest Northern Refinery Within Weeks

OilPrice

State-run oil giant PetroChina will shut the last remaining crude processing unit at its biggest refinery in northern China within weeks, industry sources told Reuters on Wednesday. Dalian Petrochemical, PetroChinas 410,000-barrels-per-day refinery in downtown Dalian, north China, has been shutting processing units since the end of 2023.

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