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
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
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/
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
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/
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
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/
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
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
PetroChina will no longer be committed shipper on Trans Mountain oil pipeline
reuters.com/business/energy/petrochina-will-no-longer-be-committed-shipper-trans-mountain-oil-pipeline-2024-10-11/
Hungary's oil company MOL faces delays in project weaning its refineries off Russian crude
kyivindependent.com/hungarys-oil-company-mol-faces-delays-in-project-weaning-its-refineries-off-from-russian-crude/
Marketers can now buy petrol from Dangote, other refineries directly – Nigerian govt
premiumtimesng.com/news/top-news/744364-marketers-can-now-buy-petrol-from-dangote-other-refineries-directly-nigerian-govt.html
“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
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/
Now That Petroleum Marketers Can Buy Directly From Refineries, What Will Happen to Pricing?
fij.ng/article/now-that-petroleum-marketers-can-buy-directly-from-refineries-what-will-happen-to-pricing/
European oil majors will not ape Equinor’s renewables opportunism: Companies are struggling to establish a clear path in their energy transition strategies
ft.com/content/a05cbe31-a233-4f09-aaab-a91e8341edd1
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/
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/
Chevron Canada to sell assets to Canadian Natural Resources for $6.5 billion in cash
trib.al/CP2EJuM
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/
Elliott’s Citgo Bid Sets Up Venezuela Investors for Rare Win: Venezuela’s state oil company hasn’t paid bondholders a dime in the last five years. Yet ...
bloomberg.com/news/articles/2024-10-07/elliott-s-citgo-bid-sets-up-venezuela-investors-for-rare-payoff
Paid articlePaywall
Ibovespa Rises Amid Global Uncertainties: Commodities and Key Players Drive Gains
riotimesonline.com/ibovespa-rises-amid-global-uncertainties-commodities-and-key-players-drive-gains/
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/
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
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/
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
ConocoPhillips Gets US Licenses in Bid to Recoup Venezuela Debt: ConocoPhillips has been granted a string of licenses by the US government that allow the oil and ...
bloomberg.com/news/articles/2024-10-10/conocophillips-gets-us-licenses-in-bid-to-recoup-venezuela-debt
Paid articlePaywall
Ukrainian oil company finances procurement of UAV systems: The largest Ukrainian oil company Ukrnafta has purchased two fixed-wing reconnaissance UAV systems for ...
pravda.com.ua/eng/news/2024/10/10/7479043/
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
The FTC has a habit of kicking out founders in oil mergers: Executives at Hess and Pioneer Natural Resources got blocked from what they thought were their new ...
qz.com/ftc-chevron-hess-exxon-pioneer-board-seats-antitrust-1851665757
Oil India up 3% on Motilal Oswal's 'buy' rating with target price of Rs 720: Amid weak crude oil prices, the share price of Oil India has declined 23 per cent ...
business-standard.com/markets/news/oil-india-up-3-on-motilal-oswal-buy-rating-with-target-price-of-rs-720-124101000268_1.html
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
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/
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
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/
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
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
Glencore's ex-head of oil faces 2027 trial in UK court on bribery charges Glencore's ex-head of oil faces 2027 trial in UK court on bribery charges | Reuters
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
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/
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
TSX ends lower as China stimulus details underwhelm TSX ends lower as China stimulus details underwhelm | Reuters
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/
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/
Colombia’s Ecopetrol Returns to Bond Market to Fund Debt Buyback: Colombia’s state oil company is tapping international debt markets for the second time this ...
bloomberg.com/news/articles/2024-10-08/colombia-s-ecopetrol-returns-to-bond-market-to-fund-debt-buyback
Paid articlePaywall
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/
#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/
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/
Even Big Oil wants Donald Trump to keep Joe Biden's climate law — or at least parts of it
qz.com/oil-lobby-donald-trump-joe-biden-ira-spending-evs-1851666483
Wall Street Breakfast: Energy Reshift: Stay up to date with the latest financial news and developments with Wall Street Breakfast.
seekingalpha.com/article/4725371-wall-street-breakfast-energy-reshift
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/
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
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/
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/
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/
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
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 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/
The oil price that matters now is $50 a barrel, not $100
deccanherald.com/opinion/the-oil-price-that-matters-now-is-50-a-barrel-not-100-3217753
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/
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/
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/
A Week Into October, Energy Stocks Are Leading the S&P 500: Within the energy sector, the top performers include Diamondback Energy and APA Corporation.
barrons.com/articles/october-energy-stocks-s-p-500-362415b2
Paid articlePaywall
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
Paid articlePaywall
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/
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/
TC Energy's oil pipeline spin-off South Bow starts trading on TSX
reuters.com/markets/tc-energys-oil-pipeline-spin-off-south-bow-starts-trading-tsx-2024-10-02/
France's TotalEnergies to invest billions in Suriname oil project | DPA: French energy and petroleum company TotalEnergies will invest $10 billion in a ...
nordot.app/1214090899308479450
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/
Ecopetrol, Petrobras announce major gas discoveries in Colombia Ecopetrol, Petrobras announce major gas discoveries in Colombia | Reuters
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/
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/
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/
Enbridge, Shell to build pipelines to service BP's Kaskida oil hub Enbridge, Shell to build pipelines to service BP's Kaskida oil hub | Reuters
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/
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
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
Courts temporarily halted Shell’s exploration but fracking in Karoo gets Mantashe’s nod
mg.co.za/thought-leader/opinion/2024-10-03-courts-temporarily-halted-shells-exploration-but-fracking-in-karoo-gets-mantashes-nod/
Taiwan's CPC says oil imports diversified | Taiwan News | Oct. 3, 2024 16:48
taiwannews.com.tw/en/news/5946352
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