OPEC+ not expected to change supply levels after market and price stabilisation
Members of the enlarged group are likely to wait and see what happens over the summer months, when demand for gasoline and petroleum can fluctuate.
Oil Refining
NNPC’s stake in Dangote Refinery cut to 7.2% due to non-payment issues
Pemex refinery still not ready for commercial production, say sources
Shell to divest refining and chemicals assets in Singapore to CAPGC
Glencore, PT Chandra Asri nears $1bn deal for Shell’s Singapore assets
Sinopec to conduct feasibility study for new refinery in Sri Lanka
Elliott contemplating bid for parent of Citgo Petroleum
Ireland’s ClonBio to invest $500m in new US biorefinery
