Crude Oil Market Dynamics - Indian refiners are increasing purchases of US crude oil [1] - This increase is a response to Washington's crackdown on India for buying Russian oil [1]

Company Leadership - Nayara Energy, a Europe-sanctioned oil refiner partially owned by Russian giant Rosneft PJSC, appointed a new CEO [1] - The new CEO is from a unit of Azerbaijan's state-run oil company [1]

Africa’s richest person, Aliko Dangote, wants to dominate oil refining. Will his efforts enrich Nigeria too? https://t.co/dp9hUlQw1o ...

The former owner of the UK’s Lindsey oil refinery is facing a UK lawsuit over potential “irregularities” tied to the financial affairs of his now-failed business empire https://t.co/JtgG80tqQd ...

Asian oil refiners have been hunting for crude from further afield than their usual suppliers in the Middle East, but this more diversified strategy isn’t stirring a market that’s bracing for a glut https://t.co/Bl3gEynmrJ ...

Dangote's Business Overview - Aliko Dangote, Africa's richest person, built a $20 billion oil refinery in Nigeria, exceeding the size of any in Europe [1][3] - Dangote comes from a family with a trading tradition, initially dealing in peanuts and other goods, later transitioning to cocoa, cotton, and cement [2] - Dangote's interest in oil refining was sparked by a failed bid on state refineries, leading to the construction of a mega refinery with a capacity of 650,000 barrels per day [3] Controversy and Government Relations - Dangote's relationship with the government is complex, sometimes appearing adversarial regarding fuel imports, while at other times, he is praised as a visionary [6] - President Bola Tinubu recently called Dangote a visionary, acknowledging his realization of Nigeria refining its own crude oil [6] Economic Impact and Criticism - Concerns exist regarding whether Dangote's dominance will primarily benefit himself or the nation, particularly with his pursuit of banning foreign competition [1] - Some view the concessions and tax breaks granted to Dangote by the government as generous, while others argue they are necessary for infrastructure development that might not otherwise occur [4] - Nigeria aims to refine its own oil to avoid the costly practice of exporting crude and importing fuel [4]

India’s state-run refiners have returned to buying Russian oil after a brief pause, despite the South Asian nation facing higher tariffs for the trade and a volley of criticism from Trump officials https://t.co/dxzpGTUHpF ...

Core Points - PBF Energy Inc. announced the promotion of Joseph Marino to Chief Financial Officer, effective October 1, 2025, as current CFO Karen B. Davis retires from her executive role and rejoins the Board of Directors [1][2] - CEO Matt Lucey expressed gratitude for Karen Davis's leadership and highlighted her role in strengthening the finance team, facilitating a smooth transition for Joe Marino [2] - Joseph Marino has been with PBF since 2011, previously serving as Treasurer and has held various finance and accounting roles, bringing significant experience to his new position [2] Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities across several states including California, Delaware, Louisiana, New Jersey, and Ohio [4][5] - The company's mission includes operating facilities safely and responsibly, providing a rewarding workplace for employees, positively influencing local communities, and delivering superior returns to investors [5] - PBF Energy is also a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [5]

Oil refiners in China have stepped up purchases of Russia’s flagship crude, seizing an opportunity to take discounted cargoes relinquished by India as Washington ramps up trade tariffs against New Delhi https://t.co/CF4Xvi5dI8 ...

Business Operations - A Texas metal recycling facility, processing oil-refinery waste, declared bankruptcy [1] - Equipment failures and commodity price volatility contributed to the bankruptcy [1]