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Bapco Energies has announced a force majeure on its operations following an attack on its refinery. Despite this, the company assures that domestic market needs are secure, with uninterrupted supplies due to prearranged contingency plans.
The escalating conflict in Iran along with another California refinery set to close, are raising concerns that the state's high gas prices could climb even higher.
Saudi Aramco halted operations at its largest domestic refinery on Monday after a drone strike near the facility, intensifying concerns about energy supply disruptions across the
Dangote Petroleum Refinery has raised the gantry price of Premium Motor Spirit to N1,175 per litre, marking the third upward
The Managing Director and Chief Executive Officer of Dangote Petroleum Refinery, David Bird, has explained why fuel prices are unlikely to fall despite the plant operating at full capacity, citing extreme volatility in global oil markets.
The Valero oil refinery in Benicia, set to close in April, has been flaring due to the planned shutdown of equipment, the Bay Area Air Quality Management District said Monday, potentially sending harmful chemicals into the atmosphere.
Mangalore Refinery and Petrochemicals Limited (MRPL) has put to rest any swirling rumors regarding a potential partial shutdown, affirming that their operations remain in full swing with robust crude oil supplies in place.
Despite record US crude oil production, California remains uniquely exposed to global supply disruptions due to its lack of domestic pipeline access, falling in-state production, and specialized refining infrastructure.