The drop in global crude oil costs has led to cuts in depot prices as OPEC+ increased production output. Nigerians expect corresponding cuts in filling stations.

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Oil rises on US demand strength, though macroeconomic uncertainty looms

Oil prices rose today, recovering from a five-day losing streak, on signs of steady demand in the United States, the world's largest oil consumer, although concerns over the economic impact of US ...

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China’s Oil Imports Jumped in July From a Year Earlier

China’s crude oil imports rose by 11.5% year-on-year in July, driven by increased activity from state refiners amid restocking efforts and peak travel season.

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Low global diesel supplies support crude prices despite OPEC+ boost

Low diesel stockpiles worldwide are countering the downward pressure on crude oil prices from rising OPEC+ supply and setting the stage for a third consecutive year of above-normal refining profits.

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Explained: How much Russian oil does India buy?

According to trade data shared with Reuters, India is the biggest buyer of seaborne crude from Russia, importing about 1.75 million barrels per day from January to June this year, up 1 per cent from ...

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