crude oil imports News

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• Dangote Refinery Vulnerability Exposed as Global Crude Import Costs Drive Sixty Five Percent Petrol Price Surge in Nigeria

  Published: Mar 31, 2026

  Section: Africa

  Nigeria’s 650,000-barrel-per-day Dangote Petroleum Refinery is struggling to act as a market buffer as international crude prices soar amid the Iran-Israel conflict. Despite its ma...

• Structural dependence on Gulf imports creates fiscal pressure for New Delhi as regional hostilities threaten supply lines.

  Published: Mar 3, 2026

  Section: Iran War

  The escalating conflict between the United States, Israel, and Iran has placed India’s energy security under intense scrutiny, with approximately 90% of the nation’s crude requirem...