FuelSupply

Dangote Refinery Halts Gasoline Sales in Local Currency: What You Need to Know

2 months ago

The Dangote Refinery, Nigeria's largest oil refinery, has suspended gasoline sales in the local currency, the naira, raising significant concerns over the implications for local fuel supply and pricing. This decision comes amid ongoing economic challenges and a volatile foreign exchange market, which has prompted many businesses to reevaluate their operational strategies.

Airbus Sounds Alarm on Australia's Dependence on Chinese Fuel Supply

2 months ago

In a striking revelation, Airbus has issued a cautionary note regarding Australia's heavy reliance on China for its fuel supply, underlining the potential risks associated with this dependence. The aerospace giant’s concerns come amidst growing discussions around energy security and the need for diversification in supply chains globally.

Asian Oil Refiners Face Dilemma: Run Cuts and Facility Closures Amid Rising Crude Costs

4 months ago

In a significant development in the energy sector, Asian oil refiners are grappling with the difficult decision of reducing their refining operations or even shutting down facilities. This situation has arisen due to soaring crude oil prices, which have put tremendous pressure on profit margins within the industry. The rising costs of crude oil are pushing refiners to reconsider their operational strategies to remain financially viable.