The Organization of Petroleum Exporting Countries (OPEC) has forecasted a significant rise in global oil demand, predicting it will reach 120.1 million barrels per day by 2050—an increase of 24%…
Petrol
Petrol, also known as gasoline, is a flammable liquid derived from crude oil. It serves as a primary fuel for internal combustion engines in vehicles. Its composition includes hydrocarbons and various additives, optimizing performance and emissions in modern engines.
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has reached a significant agreement with Dangote Refinery to directly procure petroleum products, marking a key step toward ensuring a stable and…
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Fuel prices in India have remained stable as of Monday, November 11, with only slight variations across different cities. In Hyderabad, petrol is priced at Rs 107.41 per litre, while…
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Diesel engines are the powerhouse behind agricultural machinery, especially tractors. Keeping these engines running efficiently and protecting them from wear is essential for farm productivity. One key component in diesel…
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The Nigerian National Petroleum Company Limited (NNPCL) has refuted claims of distributing adulterated petrol, emphasizing its commitment to rigorous quality standards across all operations. In a statement issued on Thursday,…
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As of November 6, 2024, crude oil prices have experienced a slight drop on the international market. By 10 a.m. this Wednesday, Brent crude oil was trading at $75.03 per…
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Australia’s second-largest independent oil firm, Santos, is facing a lawsuit from the Australasian Centre for Corporate Responsibility (ACCR), accused of misleading consumers about its decarbonization goals. This case marks a…
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Oil prices rose sharply on Monday, with Brent crude gaining $1.18 per barrel, or 1.61%, to reach $74.28, while U.S. West Texas Intermediate (WTI) crude increased by $1.21, or 1.74%,…
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Dangote Petroleum Refinery has accused an international trading company of renting a nearby depot to blend substandard petroleum products in Nigeria, a move the company claims threatens the integrity of…
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As of November 4, fuel prices in India have remained stable compared to the previous day, according to oil marketing companies including HPCL, BPCL, and Indian Oil. In Hyderabad, petrol…