UPDATED: Fuel price hits N998 at NNPC outlets in Lagos; N1,030 in Abuja: The recent development comes after the NNPC decided to terminate its exclusive purchase ...
premiumtimesng.com/news/top-news/743390-breaking-fuel-price-hits-n1030-at-nnpc-outlets.html
UPDATED: Fuel price hits N998 at NNPC outlets in Lagos; N1,030 in Abuja
Quick Glance: NNPC Fuel Price Surge to N1,030 per Litre
  • Petrol prices rose to N1,030 per litre at NNPC outlets in Abuja on Wednesday.

  • This increase follows the NNPC's termination of its exclusive purchase agreement with Dangote Refinery.

  • NNPC will no longer be the sole buyer, enabling other marketers to purchase petrol directly from the refinery.

  • Customers expressed frustration over the price hikes and the closure of some NNPC stations.
Iran sent tankers back to key oil facility, in sign it believes an Israeli attack was averted
middleeasteye.net/news/iran-sent-tankers-back-key-oil-facility-sign-it-believes-israeli-attack-was-averted
Iran sent tankers back to key oil facility, in sign it believes an Israeli ...
Petrobras posts record gasoline production in the third quarter: Brazilian state-run oil firm Petrobras said on Monday it produced a record 6 ...
reuters.com/business/energy/petrobras-posts-record-gasoline-production-third-quarter-2024-10-07/
Petrobras posts record gasoline production in the third quarter
Quick Glance: Petrobras Achieves Record Gasoline Production
  • Petrobras produced a record 6.38 billion liters of gasoline in the third quarter.

  • Refinery utilization reached 95.2%, slightly below last year's peak.

  • In September, the utilization factor hit 96.8%, the highest monthly figure this year.

  • Full operational and financial data will be released in the coming weeks.
Petrol now sells for N1,350 per litre in Osun: Checks across Osogbo, Osun State capital, showed that independent marketers have adjusted their petrol dispensing ...
premiumtimesng.com/news/top-news/743622-petrol-now-sells-for-n1350-per-litre-in-osun.html
Petrol now sells for N1,350 per litre in Osun
Ukraine to end Russian gas transit deal despite Slovak Prime Minister's plea - Euromaidan Press
euromaidanpress.com/2024/10/07/ukraine-to-end-russian-gas-transit-deal-despite-slovak-prime-ministers-plea/
Ukraine to end Russian gas transit deal despite Slovak Prime ...
BP bows to investor pressure as it abandons plans to cut oil output : BP has been facing increasing pressure from investors and stakeholders to cut down its ...
euronews.com/business/2024/10/08/bp-bows-to-investor-pressure-as-it-abandons-plans-to-cut-oil-output
BP bows to investor pressure as it abandons plans to cut oil output
Oil Prices Down as Markets Eye Chinese Stimulus and Middle East Tensions: Oil futures closed lower on Friday, October 11, as investors focused on Chinese demand ...
riotimesonline.com/oil-prices-down-as-markets-eye-chinese-stimulus-and-middle-east-tensions/
Oil Prices Down as Markets Eye Chinese Stimulus and Middle East Tensions
Pemex’s Houston-Area Refinery Chemical Leak Leaves 2 Dead, Several Injured: Two people are dead and 35 are injured after a chemical release at a Houston area ...
bloomberg.com/news/articles/2024-10-11/two-dead-after-chemical-leak-at-pemex-s-houston-area-refinery
Pemex’s Houston-Area Refinery Chemical Leak Leaves 2 Dead, Several Injured
UK Economy Returns to Growth: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
bloomberg.com/news/newsletters/2024-10-11/uk-economy-returns-to-growth
UK Economy Returns to Growth
“If you look at it, actually, what is happening is not compromising, it is deregulation. If you are taking away the consumer subsidy ... Show more

Senate president speaks on increase in fuel price
Brava Energia’s Oil Production Dips: Market Forces at Play in Brazil: Brava Energia, a key player in Brazil's oil and gas industry, reported a decline in ...
riotimesonline.com/brava-energias-oil-production-dips-market-forces-at-play-in-brazil/
Brava Energia’s Oil Production Dips: Market Forces at Play in Brazil
Brazil’s Financial Morning Call for October 11, 2024: Today's economic agenda features several key events that could significantly impact Brazil's ...
riotimesonline.com/brazils-financial-morning-call-for-october-11-2024/
Brazil’s Financial Morning Call for October 11, 2024
Fixing of fuel prices by NNPC illegal -Falana: A Nigerian lawyer and human rights activist, Femi Falana (SAN), has knocked the decisions of Nigeria National ...
punchng.com/fixing-of-fuel-prices-by-nnpc-illegal-falana/
Fixing of fuel prices by NNPC illegal -Falana
Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash
trib.al/CP2EJuM
Chevron Canada to sell assets to Canadian Natural Resources for $6 ...
Quick Glance: Chevron Sells $6.5 Billion Assets to Canadian Natural
  • Chevron announced the sale of its non-operated interest in the Athabasca Oil Sands and operated interest in Duvernay shale to Canadian Natural Resources for $6.5 billion.

  • The all-cash deal is set to close in Q4 2024 and is part of Chevron's strategy to divest $10 to $15 billion in assets by 2028.

  • These assets contributed 84,000 barrels of oil equivalent per day to Chevron’s production in 2023.

  • This divestment marks a strategic shift for Chevron in Canada.
Ecopetrol’s President Stands Firm Amid Electoral Probe into Petro’s Campaign: Ricardo Roa, the president of Ecopetrol, remains in his position despite recent ...
riotimesonline.com/ecopetrols-president-stands-firm-amid-electoral-probe-into-petros-campaign/
Ecopetrol’s President Stands Firm Amid Electoral Probe into Petro’s ...
Ibovespa Rises Amid Global Uncertainties: Commodities and Key Players Drive Gains
riotimesonline.com/ibovespa-rises-amid-global-uncertainties-commodities-and-key-players-drive-gains/
Ibovespa Rises Amid Global Uncertainties: Commodities and Key Players ...
South Korean Investors to Build Four New Refineries in Nigeria: Nigeria's oil industry is poised for a significant boost. The government has announced a ...
riotimesonline.com/south-korean-investors-to-build-four-new-refineries-in-nigeria/
South Korean Investors to Build Four New Refineries in Nigeria
India’s Jindal Abandons Oil Venture With Venezuela’s PDVSA: Jindal Power Ltd. is walking away from a venture that would have operated an oil-processing facility ...
bloomberg.com/news/articles/2024-10-09/india-s-jindal-abandons-oil-venture-with-venezuela-s-pdvsa
India’s Jindal Abandons Oil Venture With Venezuela’s PDVSA
Exxon’s estimate of reserves a little below 11b barrels of oil – Routledge: -under gov’t’s figure ExxonMobil’s CEO, Alistair Routledge yesterday said that its ...
stabroeknews.com/2024/10/10/news/guyana/exxons-estimate-of-reserves-a-little-below-11b-barrels-of-oil-routledge/
Exxon’s estimate of reserves a little below 11b barrels of oil – Routledge
Jindal exits oil venture with Venezuela’s PDVSA: INDIA’S Jindal Power Ltd is walking away from a venture that would have operated an oil-processing facility for ...
trinidadexpress.com/business/local/jindal-exits-oil-venture-with-venezuela-s-pdvsa/article_c8e06214-869f-11ef-9259-eb26932a9afc.html
Jindal exits oil venture with Venezuela’s PDVSA
Minister speaks on claim directing NNPC to stop refinery operations: Mr Lokpobiri said the statement does not represent his position as the minister overseeing ...
premiumtimesng.com/news/top-news/743327-minister-speaks-on-claim-directing-nnpc-to-stop-refinery-operations.html
Minister speaks on claim directing NNPC to stop refinery operations
Environmental aid's objection to oil extraction rejected: Oil has been extracted from the Mittelplate drilling platform in the Wadden Sea for years ...
kn-online.de/schleswig-holstein/widerspruch-der-umwelthilfe-gegen-oelfoerderung-abgelehnt-DLDBR7TPUW77SKSS7BV2USLMGM.html
Environmental aid's objection to oil extraction rejected
Oil Prices Down as Middle East Tensions Ease and Libyan Production Resumes: The oil market experienced a significant shift on Tuesday, October 8 ...
riotimesonline.com/oil-prices-dip-as-middle-east-tensions-ease-and-libyan-production-resumes/
Oil Prices Down as Middle East Tensions Ease and Libyan Production Resumes
Nigerian govt commences crude oil sales in Naira: The sale in Naira takes effect from 1 October, the Federal Ministry of Finance said.
premiumtimesng.com/business/business-news/742277-nigerian-govt-commences-crude-oil-sales-in-naira.html
Nigerian govt commences crude oil sales in Naira
Petrobras Loses Top Spot in Oil Sector Profitability: Small Cap Outperforms in 2024
riotimesonline.com/petrobras-loses-top-spot-in-oil-sector-profitability-small-cap-outperforms-in-2024/
Petrobras Loses Top Spot in Oil Sector Profitability: Small Cap ...
Trinidad Petroleum Holdings Limited (TPHL) says it has no information of a $1.5b transfer. It comes after Energy Minister Stuart Young revealed Patriotic ... Show more

TPHL says no evidence of Patriotic wire transfer - CNC3
Many in Nigeria had hoped the Dangote Petroleum Refinery near Lagos would help bring down the local fuel price. The fuel price in Africa's biggest oil ... Show more
Petron: No disruption to petroleum products supply amid refinery maintenance: KUALA LUMPUR: Petron Malaysia Refining and Marketing Bhd's (Petron Malaysia) ...
thestar.com.my/business/business-news/2024/10/09/petron-no-disruption-to-petroleum-products-supply-amid-refinery-maintenance
Petron: No disruption to petroleum products supply amid refinery ...
Brazil’s Financial Morning Call for October 8, 2024: Today's economic agenda features several key events that could significantly impact Brazil's ...
riotimesonline.com/brazils-financial-morning-call-for-october-8-2024/
Brazil’s Financial Morning Call for October 8, 2024
Weak Shell: Get briefed ahead of your morning calls with the latest UK business headlines, key data and market reaction
bloomberg.com/news/newsletters/2024-10-07/weak-shell
Weak Shell
Brazilian Stock Market Declines as China’s Stimulus Package Falls Short: The Brazilian stock market, Ibovespa, experienced a downturn on Tuesday ...
riotimesonline.com/brazilian-stock-market-dips-as-chinas-stimulus-package-falls-short/
Brazilian Stock Market Declines as China’s Stimulus Package Falls Short
Oil spill: Reps issue seven-day ultimatum to Oando, Aiteo: The House of Representatives on Tuesday issued a seven-day ultimatum to the Managing Director/CEO of ...
punchng.com/oil-spill-reps-issue-seven-day-ultimatum-to-oando-aiteo/
Oil spill: Reps issue seven-day ultimatum to Oando, Aiteo
Prio’s September Oil Sales Quadruple to 3.72 Million Barrels: Prio, a leading Brazilian oil and gas company, achieved remarkable production figures in September ...
riotimesonline.com/prios-september-oil-sales-quadruple-to-3-72-million-barrels/
Prio’s September Oil Sales Quadruple to 3.72 Million Barrels
#VantageOnFirstpost : Companies and Countries Revising Climate Goals British oil giant BP has reportedly cancelled its plan to cut oil output by 25% in 2030 ... Show more
Petrobras Hits 96.8% Refinery Utilization: Sets New Industry Benchmark: Petrobras, Brazil's oil giant, has achieved remarkable milestones in its refinery ...
riotimesonline.com/petrobras-hits-96-8-refinery-utilization-sets-new-industry-benchmark/
Petrobras Hits 96.8% Refinery Utilization: Sets New Industry Benchmark
Ibovespa Edges Up 0.17% as Oil Stocks Rally and Retailers Slump: The Brazilian stock market demonstrated resilience on Monday, October 7, 2024 ...
riotimesonline.com/ibovespa-edges-up-0-17-as-oil-stocks-rally-and-retailers-slump/
Ibovespa Edges Up 0.17% as Oil Stocks Rally and Retailers Slump
Fuel prices drop in Abia as NNPC opens portal for direct supply to marketers: The pump price of fuel has reduced from N1300.00 and N1350.00 to between N1200 ...
punchng.com/fuel-prices-drop-in-abia-as-nnpc-opens-portal-for-direct-supply-to-marketers/
Fuel prices drop in Abia as NNPC opens portal for direct supply to ...
Agora policy calls for urgent amendment of PIA: The policy think tank said it is essential that relevant sections of the PIA be re-examined and appropriate ...
premiumtimesng.com/news/top-news/742623-agora-policy-calls-for-urgent-amendment-of-pia.html
Agora policy calls for urgent amendment of PIA
Isle of Wight campaigners delighted by ExxonMobil U-turn: Positive reactions to shelved plans for a CO2 pipeline under the Isle of Wight.
countypress.co.uk/news/24629224.isle-wight-anti-pipeline-campaigner-delighted-exxonmobil-u-turn/
Isle of Wight campaigners delighted by ExxonMobil U-turn
Tupi: The Sleeping Giant of Brazil’s Oil Industry Awakens: Petrobras plans to revitalize the massive Tupi oil field off Brazil's coast ...
riotimesonline.com/tupi-the-sleeping-giant-of-brazils-oil-industry-awakens/
Tupi: The Sleeping Giant of Brazil’s Oil Industry Awakens
Saudi Oil Strategy: Higher Prices for Asia, Cuts for US and Europe: Saudi Arabia's Aramco has raised oil prices for Asian buyers, causing ripples across the ...
riotimesonline.com/saudi-oil-strategy-higher-prices-for-asia-cuts-for-us-and-europe/
Saudi Oil Strategy: Higher Prices for Asia, Cuts for US and Europe
As world awaits Israel's response to Iran, can US help stave off ‘all-out war’?: Benjamin Netanyahu mulls four options to respond to Iran, the US moves goalposts ...
al-monitor.com/originals/2024/10/world-awaits-israels-response-iran-can-us-help-stave-all-out-war
As world awaits Israel's response to Iran, can US help stave off ‘all-out ...
TotalEnergies considers foray into copper trading, FT reports: France's TotalEnergies is considering a move into trading copper, expanding its oil trading ...
reuters.com/markets/commodities/totalenergies-considers-foray-into-copper-trading-ft-reports-2024-10-06/
TotalEnergies considers foray into copper trading, FT reports
TotalEnergies wins tender for LNG supply to Bulgargaz via Alexandroupoli: Bulgargaz, the Bulgarian state-owned natural gas distribution company ...
ekathimerini.com/economy/energy/1250135/totalenergies-wins-tender-for-lng-supply-to-bulgargaz-via-alexandroupoli/
TotalEnergies wins tender for LNG supply to Bulgargaz via Alexandroupoli
Petrobras' pricing strategy avoids passing on market volatility, CEO says: Brazilian state-run oil firm Petrobras has been able to provide Brazilians with price ...
reuters.com/business/energy/petrobras-pricing-strategy-avoids-passing-market-volatility-ceo-says-2024-10-03/
Petrobras' pricing strategy avoids passing on market volatility, CEO says
Guyanese businesses could benefit from Suriname’s first offshore oil project - Guyana Chronicle
guyanachronicle.com/2024/10/03/guyanese-businesses-could-benefit-from-surinames-first-offshore-oil-project/
Guyanese businesses could benefit from Suriname’s first offshore oil ...
TotalEnergies to boost dividends, production growth targets to 2030: French major TotalEnergies plans to grow its oil and gas business by 3% annually to 2030 ...
reuters.com/business/energy/totalenergies-return-45-cash-flow-investors-2024-2024-10-02/
TotalEnergies to boost dividends, production growth targets to 2030
These companies keep Putin's economy running despite sanctions: The oil industry in Russia is still profitable despite sanctions and export restrictions - | ...
welt.de/wirtschaft/plus253811966/Russland-Diese-sechs-Konzerne-halten-Putins-Wirtschaft-am-Laufen.html
These companies keep Putin's economy running despite sanctions
NNPC portal shutdown delays petrol supply – Marketers: Oil marketers have said that the Nigerian National Petroleum Company Limited portal used to purchase ...
punchng.com/nnpc-portal-shutdown-delays-petrol-supply-marketers/
NNPC portal shutdown delays petrol supply – Marketers
Brazil’s Financial Morning Call for October 2, 2024: Today's economic agenda features several key events that could significantly impact Brazil's ...
riotimesonline.com/brazils-financial-morning-call-for-october-2-2024/
Brazil’s Financial Morning Call for October 2, 2024
Three days after deadline, naira-for-crude deal yet to begin: There are indications that the supply of crude oil in naira by the Nigerian National Petroleum ...
punchng.com/three-days-after-deadline-naira-for-crude-deal-yet-to-begin/
Three days after deadline, naira-for-crude deal yet to begin
Crude-for-loans: NNPCL votes 8million barrels monthly for $8.8bn debt – Report: The Nigerian National Petroleum Company Limited has pledged 272 ...
punchng.com/crude-for-loans-nnpcl-votes-8million-barrels-monthly-for-8-8bn-debt-report/
Crude-for-loans: NNPCL votes 8million barrels monthly for $8 ...
Namibia’s Oil Boom: A Game-Changer for Africa’s Energy Landscape: (Analysis) Namibia has emerged as Africa's new oil and gas frontier, captivating the ...
riotimesonline.com/namibias-oil-boom-a-game-changer-for-africas-energy-landscape/
Namibia’s Oil Boom: A Game-Changer for Africa’s Energy Landscape
NPA establishes one-stop hub to optimise crude sales to Dangote Refinery: The Nigerian Ports Authority has announced the commencement of its role in implementing ...
punchng.com/npa-establishes-one-stop-hub-to-optimise-crude-sales-to-dangote-refinery/
NPA establishes one-stop hub to optimise crude sales to Dangote Refinery
Massive Gas Discovery in Colombia: Sirius Project Promises Decades of Energy Security
riotimesonline.com/massive-gas-discovery-in-colombia-sirius-project-promises-decades-of-energy-security/
Massive Gas Discovery in Colombia: Sirius Project Promises Decades of ...
Enbridge to build new oil and natural gas pipelines in Gulf of Mexico: Enbridge Inc. says it will spend about US$700 million to build new crude oil and natural ...
ctvnews.ca/business/enbridge-to-build-new-oil-and-natural-gas-pipelines-in-gulf-of-mexico-1.7060569
Enbridge to build new oil and natural gas pipelines in Gulf of Mexico
Staring down the barrel: what Peruvian oil company’s crisis means for the public: Fate of cash-strapped PetroPerú holds major implications for national economy ...
thebureauinvestigates.com/stories/2024-10-03/petroperú-stares-down-the-barrel
Staring down the barrel: what Peruvian oil company’s crisis means for the ...
Taiwan's CPC says oil imports diversified | Taiwan News | Oct. 3, 2024 16:48
taiwannews.com.tw/en/news/5946352
Taiwan's CPC says oil imports diversified | Taiwan News | Oct. 3 ...