A view of the newly-commissioned Dangote Petroleum refinery is pictured in Ibeju-Lekki, Lagos, Nigeria May 22, 2023. — ReutersCrude-HSD spread rises to ~$55/bbl; crude-MS gap at ~$10/bbl.Historical average crude-product spread is $25–$30 per barrel.Feb 2026 refinery throughput…
Related Posts
Sugar mills face govt crackdown after failing to honour price deal
The undated image shows a labourer carrying a sack of refined sugar. —APP/FilePSMA, govt inked agreement to ensure ex-mill price of Rs165 per kg.Artificial shortage created after some sugar mills halt their sales.Violators to face legal action in coordination with FBR: minister.
Saudi, Iraqi companies halt crude sales to Indian refiner, say sources
Logo of Nayara is seen at its fuel station on the outskirts of Ahmedabad, India, November 16, 2022. — Reuters Nayara misses 3m barrels monthly supply from Gulf exporters. Sanctions create payment issues for Iraqi crude oil purchases. Nayara refinery runs at 70–80% capacity…
Cabinet approves 15% raise in EOBI pensions
An undated photo of the federal cabinet in Islamabad. — Radio Pakistan/File
In a sigh of relief for retired employees, the federal government approved a 15% increase in pensions under the Employees’ Old-Age Benefits Institution on Saturday.
Talking to journalists,…