Natural gas prices continue to increase

India Ratings and Research (Ind-Ra) has published the September 2021 edition of its credit news digest on India’s oil and gas sector. The report highlights the trends in the sector, with a focus on domestic production, import, consumption, refining and gross under-recovery, regulatory changes and recent rating actions.   Ind-Ra believes that natural gas (NG) prices

Nigeria set to domesticate Methanol production

Minister of Science, Technology, and Innovation, Dr. Ogbonnaya Onu has said that Nigeria is ready to domesticate Methanol fuel production in the country for professionals and expatriates to exhibit their talents and exchange business ideas with their counterparts both home and abroad. The Minister said this when the National Coordinator of the Movement for the

China caps refinery capacity under peak emissions plan

China will cap primary crude processing capacity at 20mn b/d by 2025, the government said in a new action plan to achieve peak emissions by 2030. The plan, published by the state council today, gives a more detailed sector-by-sector breakdown following the release of an economy-wide plan for peak emissions and carbon neutrality on 24

Asia refiners to get full Saudi crude supplies in October

Saudi Aramco has notified at least seven buyers across Asia that it would supply full contractual volumes of crude oil in October, though none of them asked for additional supplies despite deep price cuts, sources with knowledge of the matter said on Monday. The full allocation comes as the Organization of the Petroleum Exporting Countries