Tag: loss
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Japanese refinery failures cause a loss of 31% of refining capacity
Japanese refineries play an important role in refining oil, most of which is imported from abroad, in light of the increasing domestic demand for oil, which is the main source of the energy sector in the country. However, the refinery stations face many problems related to the aging of their equipment, which leads to their…
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Crude oil prices recorded a weekly loss of 13%… and Brent is under $73 – (update)
Crude oil prices fell, at the end of trading today, Friday, March 17 (2023), with fears of an economic recession, to record strong weekly losses of about 13%. Crude prices rose in early trading, supported by Saudi Arabia and Russia’s assurances of their commitment to the OPEC + decision to reduce oil production by two…
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Oil production in Nigeria is threatened with a loss of 4 million barrels
Oil production in Nigeria is set to drop dramatically in March 2023 and beyond, due to the recent bombings of a major pipeline in the Niger Delta region. A major export pipeline exploded in the oil-rich Niger Delta region, Thursday evening, March 2, 2023, killing 12 people and injuring others, according to the specialized energy…
