Today in History: 21 facts you probably did not know about Dangote's oil refinery

On May 22, 2023, Africa's richest man, Aliko Dangote commissioned the world's biggest private oil refinery - Dangote Integrated Refinery and Petrochemicals Complex. GhanaWeb Business in its publication listed 21 facts about the oil refinery. Read …

India's Oil Imports Shift Away from OPEC+

The United States overtook the United Arab Emirates (UAE) to become India’s fourth-largest crude oil supplier in April, after the Asian country boosted purchases from America to position itself for a better trade deal.  India’s imports of crude oil from …

Kuwait to Invest $50 Billion to Boost Oil Production Capacity

Kuwait, one of the top OPEC producers in the Middle East, plans to invest as much as $50 billion to raise its oil production capacity to above 3 million barrels per day (bpd) over the next five years, Kuwait Petroleum Corporation’s deputy chairman and CEO, …

U.S. Warns Hong Kong Banks Over Iran Oil Sales

The United States is looking to close all loopholes Iran is using to sell its oil to China and warned Hong Kong-based banks last month against facilitating Iranian oil sales to Chinese buyers, Bloomberg reported on Friday, citing unnamed sources with …

Oil demand growth set to slow for remainder of 2025: IEA

Global oil demand growth is projected to decelerate from 990,000 barrels per day (bpd) in the first quarter of 2025 (Q1 2025) to 650,000bpd for the remainder of the year, according to a report by the International Energy Agency (IEA). The average annual …

Crude Oil Falls Over 2%; US Retail Sales Increase 0.1% In April

U.S. stocks traded lower midway through trading, with the Dow Jones index gaining more than 150 points on Thursday. The Dow traded up 0.40% to 42,218.43 while the NASDAQ rose 0.18% to 19,181.94. The S&P 500 also rose, gaining, 0.43% to 5,917.84. Check …

Unloading of crude oil starts from tanker with Pak crew

Ghana’s Mahama courts oil investors, pushes for aggressive crude oil extraction

Ghana is urging investors to help boost oil production as the global push for decarbonization threatens to leave fossil fuel assets stranded. President John Mahama made the appeal during the Africa CEO Forum held on Tuesday in Abidjan, Ivory Coast. “Oil is …

ICE canola weakens under crude oil pressure

The ICE Futures canola market took a tumble on Thursday morning as a potential new deal between the United States and Iran brought down crude oil prices. Crude oil fell by nearly US$2 per barrel and its weakness spilled over into vegetable oils. Chicago …

Crude oil prices slide, Deere shares up on Q2 earnings beat

00:00 Speaker A It's time for Yahoo! Finance's Market Minute. U.S. stocks hovering near the flat line, markets on watch for the next catalyst as the U.S.-China trade truce euphoria fades, with the S&P trying to stay steady with its three-day …