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Conflicts in the Middle East and Ukraine have slashed fuel production capacity and sent margins way up

<p>ISLAMABAD: Pakistan and Saudi Arabia agreed on Friday to strengthen strategic cooperation in oil storage, refinery upgrades, crude oil and liquefied petroleum gas (LPG) procurement, and the minerals sector to promote bilateral economic ties, according to a statement issued by the Petroleum Division.</p> <p>Saudi Arabia also announced the immediate introdu

<img align='right' src='https://images.jpost.com/image/upload/f_auto,fl_lossy/q_auto/c_fill,g_faces:center,h_2863,w_4259/744279' alt='Plumes of smoke rise from fires (centre) at an oil refinery following what the authorities say is a Ukrainian drone strike in the course of the Russia-Ukraine conflict, in Moscow, Russia, September, 20, 2026. (photo credit: RE

Oct 29 (Reuters)&nbsp;-&nbsp;Ukraine's military has paused its strikes on Russian oil refineries after pressure from US President Donald Trump, the Wall Street Journal reported on Thursday, citing people with knowledge of the operations.

Kyiv has temporarily halted one of its most effective operations against Moscow after complaints from President Trump.

Seven new modular refineries with a combined capacity of 83,000 barrels per day are projected to commence operations in Nigeria next year, says Argus Media Read More: https://punchng.com/seven-modular-refineries-to-begin-operations-in-2027/

President Bola Tinubu has reaffirmed his commitment to rehabilitating Nigeria’s dormant national refineries, vowing they will not become stranded investmen Read More: https://punchng.com/tinubu-vows-to-revive-dormant-nnpc-refineries/

Nigerian domestic refineries received over 127 million barrels of crude oil and condensate between January and September 2026, the NUPRC has disclosed. Read More: https://punchng.com/domestic-refineries-receive-127m-barrels-of-crude/

Nigerian domestic refineries received over 127 million barrels of crude oil between January and September 2026, the NUPRC has disclosed. Read More: https://punchng.com/refineries-received-127-million-barrels-of-crude-in-nine-months-nuprc/