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Petroleum Prices


Pump cylinders at the Belridge oilfield site in California. Citizens of the Planet | Universal Image Group | Getty Images Oil prices rose more than $1 a barrel at the start of Asian trading on Wednesday on hopes of a pickup in demand in China as the country gradually eases some of its strict Covid-19 …

Saudi Arabia recorded a budget surplus of 57.49 billion riyals ($15.33 billion) in the first three months of 2022, the finance ministry said, buoyed by a 58% increase in oil revenue as prices rose. The data came hours after Saudi Aramco reported a nearly 82% rise in first-quarter net profit, broadly in line with analysts’ …

WASHINGTON, May 13 (Reuters) – U.S. import prices held unexpectedly steady in April as lower oil costs offset gains in food and other commodities, a further sign that inflation has probably peaked, although it will remain high. The unchanged reading for import prices follows a 2.9% rise in March, the Labor Department said Friday. In …

Posted Monday May. 9, 2022, 10:16 Join the 100,000 AFP subscribers on Facebook Buy an AFP subscription Subscribe to AFP podcasts on Apple Podcasts, Spotify and Pandora News, press releases, letters to the editor: [email protected] Advertising inquiries: [email protected] (© Yingyaipumi – stock.adobe.com) Gasoline prices in Virginia have risen 17 cents per gallon over the past …

Warren Buffett is increasingly bullish on the oil market. His company, Berkshire Hathawaynow holds $25.9 billion worth of Chevron (CLC 2.67%), a fivefold increase from its holdings at the end of 2021. Chevron is now Berkshire’s fourth-largest stock holding. Buffett also owns a significant stake in western oil after buying $7 billion worth of shares …

Gasoline and diesel prices remain stable for the 29th consecutive day on Thursday May 5th. Following the 14 price hikes implemented by Petroleum Marketing Corporations (OMCs) in major cities that took place between March and April 6, fuel prices remained at their all-time high in several cities across the country. country. At present, petrol in …

There is a rather gleeful assumption in government circles that shale production can be increased at will. This assumption is about to be tested as the U.S. shale drilling and fracking industry attempts to respond to direct pleas and demands from lawmakers, executives in the administrative branch and even from the president himself to invest …

ExxonMobil and Chevron on Friday reported rising profits despite falling oil and natural gas volumes, as the oil giants returned billions of dollars to shareholders following high crude prices and refining margins. Both US oil giants posted huge increases in profits propelled by crude prices which rose after the Russian invasion of Ukraine. But the …

ISLAMABAD: After campaigning against fuel subsidies for more than a fortnight, the government decided on Thursday to keep oil prices unchanged, apparently until after Eidul Fitr. It was only after a series of twists and turns, however, that Information Minister Marriyum Aurangzeb finally confirmed that prices would not be increased but without saying until when. …

The consumer price index for the March quarter jumped 2.1%, with an annual inflation rate of 5.1%, up from 3.5% previously. Core inflation – which dampens volatile price swings and is more crucial to the outlook for interest rates – jumped from 1.4% to 3.7% for the year. This is the first time the underlying …

In a free market, the saying goes, high prices cure high prices. If a good or service is expensive, people will see an opportunity to make money by producing more of it, which will lower the price. The reality is messier. Oil prices have now risen to $104 a barrel. But investment to produce more, …

WASHINGTON (Gray DC) — Getting on the road has become more expensive for many businesses, especially moving companies like OMX. “We travel a lot,” said OMX Vice President Jim Durfee. “Trucks consume a lot of gas.” Durfee said rising fuel costs could cause companies to cut wages for employees or even jobs. “The biggest overhead …

petroleum products. Photo: Reuters” width=”700″ height=”400″ class=””/>The government should reconsider its decision on the prices of petroleum products. Photo: Reuters ISLAMABAD: In view of the gloomy economic situation and the dissatisfaction of the International Monetary Fund (IMF), the PML-N government should reconsider its decision to keep the prices of petroleum products unchanged, according to well-placed …

Skyrocketing fuel prices are driving up the cost of living in Australia. We track gasoline and diesel state by state to show you where it’s cheapest, where it’s most expensive, and where the trends are heading. To see 6 pictures Summary: 8-Apr-2022 Lead Free (95) Diesel national average $1.93 (no change) $1.95 (1.0% decrease) Best …

Samajwadi party leader Akhilesh Yadav on Saturday denounced the BJP-led central government over what he called “reckless” inflation, accusing the center of “robbing the people” and “making them poor via soaring fuel prices. He added that the “oil ministry should be closed”. “If no government regulation, administration or directorate can control this reckless rise in …

Petrol prices hit record highs in Mumbai, Chennai and Kolkata Petrol prices in three metropolitan cities of Mumbai, Chennai and Kolkata rose by almost 2 per liter between April 2 and April 5, 2022, reaching record highs as state-owned fuel retailers again raised fares today by 80 paise for the 13th time in the last …

Ahead of this fall’s midterm elections, Republicans have stepped up attacks on Mr. Biden’s climate agenda. The Republican National Committee has launched a campaign to register voters at gas stations across the country, in an effort to link high prices at the pump to Mr. Biden’s policies. “It’s kind of the perfect storm,” David Axelrod, …

On the positive side, gasoline prices did not rise overnight. But the reality is that they remain high after the average price of a gallon of self-serve regular gasoline in Los Angeles County posted its biggest drop since April 2, 2020, dropping 1.9 cents. at $6,038. The average price has fallen 3.2 cents over the …

Retail car fuel prices on Monday were increased by 30 paise to ₹99.41 per litre, and diesel per 35 paise at ₹90.77 per liter in Delhi. This is the sixth fuel price increase in seven days across India. In Mumbai, the price of gasoline has increased from 31 paise to ₹114.19, and the diesel from …

The sun sets behind the chimneys of the Total Grandpuits oil refinery, southeast of Paris, France, March 1, 2021. REUTERS/Christian Hartmann Join now for FREE unlimited access to Reuters.com Register Aramco fuel distribution facility hit by Houthi attack Benchmarks post first weekly gains in 3 weeks US considering another SPR version that could exceed 30 …

Gas prices have fallen in the region, but industry analysts warn the trend could be short-lived as more people hit the road for travel as the weather improves. Last week in northwest Indiana, gas prices averaged $4.35 per gallon in Lake, Porter and LaPorte counties and $4.23 per gallon in Newton, Jasper counties , Starke …

Mining and energy stocks pushed the Australian market higher on Tuesday morning, while oil prices jumped 8% as European Union countries considered joining the United States in boycotting Russian oil. As of 10:15 a.m. AEDT, the benchmark ASX 200 was up 1% to 7,349 points. Some of the top performers were Woodside Petroleum (+3.5pc), Rio …

Other Democrats, including Rep. Parag Khanna and Sen. Sheldon Whitehouse, have proposed a “windfall profits” tax on energy companies. According to Garin’s poll, the idea is popular even with Republicans, 73% of whom said they support it. Asked about the concept, a White House official was evasive, but said, “We’re not going to sit on …

Gasoline prices continue to rise. The national average is currently $4.32 per gallon, according to AAA. In California, however, it’s $5.74 a gallon, the highest in the country. Gas prices in California are always among the highest. But why is this? There are three main reasons. “No. 1 is California is a fuel island, so …

Gasoline prices: Fuel prices have remained stable in metros despite a surge in crude prices around the world Gasoline and diesel prices today: Fuel prices remained unchanged in metropolitan cities on Sunday, March 13, 2022. Prices have held steady for more than four months despite international crude oil prices rising to over $100 a barrel, …

Sanctions against the Russian oil producer for its invasion of Ukraine have pushed up fuel prices already inflated by lower production due to the Covid-19 pandemic. That means Americans returning to commuting and travel face increased costs at the pump on top of two years of financial hardship. Some police departments are calling for increased …

CHARLOTTETOWN, PEI — A Cornwall man rubbed his face with both hands in exasperation after filling containers with fuel oil and loading them into the back of his truck in Charlottetown on March 8. “It’s killing us,” Bryden Dockendorff told SaltWire Network after he and his father, Gordon, loaded a 45-gallon drum and jerrycan with …

KUALA LUMPUR (March 7): Hibiscus Petroleum Bhd rose 12 sen or 9.68% to RM1.36 amid active trading on Monday morning as an analyst forecast high oil prices will boost its earnings. At the midday break, the stock stood at RM1.35, still up 11 sen or 8.87%. The counter, which was the most actively traded stock …

CINCINNATI (WXIX) – Gas prices continue to rise due to soaring crude oil costs, which are rising due to Russia’s invasion of Ukraine. Several local stations charging $3.27 a gallon for unleaded earlier this week jumped to $3.69 and $3.79 Tuesday night and Wednesday. In one of the highest prices FOX19 NOW has spotted locally …

MANILA, Philippines — Energy Secretary Alfonso Cusi said on Wednesday rising pump prices in the country would be hit harder if the war between Ukraine and Russia escalates further. Even though the country has ample supply, Cusi encouraged the public to save on petroleum products for the time being. “If the war [between Ukraine and …

Business oi-Vipul Das | Posted: Monday February 28th 2022, 12:58 PM [IST] Conflicts between Russia and Ukraine are still boiling and global markets have been weighed down by uncertainties surrounding the crisis. The turmoil had a significant global economic impact, with stock markets and currencies plummeting, gold prices rising and crude oil prices hitting their …

The federal government said it would step up efforts to boost crude oil production to take advantage of global oil prices, hinting it would reach full production by the end of the year. The move comes at a time when the global price of crude oil has reached over $100 a barrel following the Russian-Ukrainian …

An expert has revealed what is behind soaring petrol prices in Australia as motorists continue to experience pain at the pump. The pandemic and international conflict are to blame for fuel prices in Australia soaring as hundreds of pumps start charging upwards of $2 a litre. The insight comes as fuel costs have fluctuated wildly …

SBM intelligencea geopolitical research firm, says that despite gasoline subsidies, transportation costs and gasoline prices rose disproportionately from 2017 to 2021. SBM stated this in a new report by the research firm titled “Growing Fuel Subsidy and Transport Costs: Which Way Forward, Nigeria?” He said that in five years, gasoline prices have increased by 12.1%, …

With global oil prices rising slightly, heavy domestic oil pump cost adjustments are again expected next week for this year’s 8th cycle. Based on last week’s international trade results, it was estimated that petrol prices will increase by P0.95 to P1.05 per litre; diesel from P0.55 to P0.65 per litre; and kerosene prices will rise …

Oil prices have soared in recent months, driven by a growing imbalance between supply and demand as well as heightened geopolitical risks. The price of a barrel of Brent had increased by 50% in 2021, and by an additional 20% since the start of this year. On Wednesday, Dated Brent hit $100.8 a barrel for …

President Joe Biden and Democratic lawmakers are considering a federal gasoline tax exemption as prices soar to record highs and the party faces an uphill battle in November’s midterm elections. Two of the most vulnerable Democratic senators in 2022 — Mark Kelly of Arizona and Maggie Hassan of New Hampshire — have proposed a bill …

The group released its latest monthly report on Friday, revising its historic oil demand figures since 2007. Yes, it’s true, over the past 15 years the world has used more oil than the leading agency thought. watchdog that advises consumer governments. . The story continues under the ad The changes are not small. At 2.9 …

With the Americans facing the highest gas prices in eight years, elected naturally eager to lower prices at the pump. State governors from Washington to Florida have slashed gasoline taxes, while the White House is re-throwing the idea of ​​tapping the United States’ emergency oil reserves. It’s no mystery why: research shows that public disapproval …

Crude oil storage tanks are seen in an aerial photograph of the Cushing Oil Hub in Cushing, Oklahoma, U.S., April 21, 2020. REUTERS/Drone Base Join now for FREE unlimited access to Reuters.com Register Iran nuclear talks resume Tuesday in Vienna US production expected to reach 12 million bpd in 2022 – EIA Macron calls for …

Gasoline for our vehicles is one of the things we pay for every day. It’s something we all have to pay for, and that’s why it can be frustrating when gas prices start to rise and there’s not much you can do about it. I remember when I was a kid the average gas price …

By Alex Nelson Malanga By Ephrahim Bahemu Dar es Salaam. Fuel price changes have left people facing different challenges since the new plan took effect yesterday. While gasoline and kerosene imported through the port of Dar es Salaam fell by 21 and 44 shillings per liter respectively, that of diesel increased by 13 shillings. The …

New Delhi: Petrol and diesel prices saw no change on Tuesday before the finance minister unveiled the Union’s budget for the financial year 2022-23 at 11am. Prices were unchanged for the 88th day, the longest on record, according to a price notification by state-owned fuel retailers. Prices held steady as the government reduced excise duties …

KARACHI: Soaring global crude oil prices are expected to keep the rupiah under pressure despite the move by the State Bank of Pakistan (SBP) to support the local currency. Rising international oil prices coupled with the country’s declining foreign exchange reserves have kept the rupiah under pressure over the past week. The rupee fell 53 …

The Energy Information Administration, an agency of the Department of Energy that oversees the U.S. energy system, is conducting a multi-year study of natural gas prices, including the impact of U.S. industry, a spokesperson said. the EIA. The impact of LNG on gas prices has long been a contentious issue, dividing domestic gas buyers and …

In Melbourne, the average unleaded price per liter also rose 7% this month, from $1.51 to $1.62. Hobart’s average price hit a record high of $1.81, while Brisbane rose 16% to $1.76, according to data compiled by the Australian Institute of Petroleum (AIP) and oil tracker website. FuelPrice Australia. “We have paid record prices across …

CHARLESTON, SC (WCSC) – Gas prices in South Carolina have risen slightly over the past week and oil analysts say further increases are possible. The average pump price rose 0.4 cents last week in the state, according to GasBuddy’s weekly survey of some 3,000 gas stations statewide. The average price of a gallon of regular …

The Nepal Oil Corporation has filed for bankruptcy despite fuel prices rising to near record highs. Insiders say the state oil monopoly’s announcement of empty coffers could be a prelude to further price hikes. The high cost of fuel is digging deeper into consumers’ pockets, and monthly consumer price inflation hit a 64-month high in …

Search mutual fund quotes, news, net asset values TataTeleservice INE517B01013, TTML, 532371 Trident INE064C01022, TRIDENT, 521064 One 97 PayTM INE982J01020, PAYTM, 543396 Suzlon Energy INE040H01021, SUZLON, 532667 CDS INE467B01029, SDC, 532540 Search mutual fund quotes, news, net asset values TataTeleservice INE517B01013, TTML, 532371 Trident INE064C01022, TRIDENT, 521064 One 97 PayTM INE982J01020, PAYTM, 543396 Suzlon Energy …

LAHORE: Prices will remain unchanged or rise further if the rupee is traded at its current value, oil rates will also continue to rise, interest rates will also remain twice the world average and utility rates will be also periodically improved. Government officials are creating false hopes that prices will drop in the coming months. …

Gasoline and diesel prices remained unchanged across the country on Friday. Last month, the Delhi government reduced the value added tax on petrol from 30% to 19.40%. With this, petrol prices in the nation’s capital have been reduced by Rs 8.56 per litre. As a result, a liter of petrol costs Rs 95.41 in Delhi, …

Patrick De Haan, head of petroleum analysis at GasBuddy, predicts that the national average for gasoline could reach $ 4 a gallon in the spring before peaking in the summer. The average price per gallon of gasoline in the United States increased in the first two weeks of 2022. Currently, prices at the pump stand …

Oil prices are expected to maintain a steady uptrend this year as Omicron is unlikely to cause a massive drop in demand for crude, while supply concerns will support prices in the near term, according to the experts. Crude prices, which rose nearly 60% in 2021, edged up in the first trading week of this …

Oil tankers are seen parked in a yard outside a fuel depot on the outskirts of Calcutta on February 3, 2015. REUTERS / Rupak De Chowdhuri / File Photo Register now for FREE and unlimited access to Reuters.com Register LONDON, Jan. 7 (Reuters) – Oil prices rose and were heading for their biggest weekly increases …

Petroleum Marketing Companies (OMCs) have kept diesel and gasoline prices unchanged in major Indian cities since November 3, 2021, when the Center and some states cut tariffs. Last month, the Delhi government reduced the value-added tax on gasoline from 30 percent to 19.40 percent. With this, the oil prices in the national capital were reduced …

As coronavirus cases skyrocket across the world, oil prices have fallen more than 2% on both major oil benchmarks. Brent crude fell 2.2% to $ 77.78 a barrel. WTI crude was also down, this time again 2.31% to $ 75.21. Coronavirus cases have reached new pandemic heights across the world. The increase in infections has …

The government has increased the prices of gasoline and diesel by Rs 4 per liter. Gasoline will now cost Rs144.82. According to a notification published Friday evening by the Finance Directorate, the new oil prices will be applied for 15 days from January 1. The government has increased prices to meet the oil levy target …

An aerial view shows an Idemitsu Kosan Co. oil plant in Ichihara, east of Tokyo, Japan, Nov. 12, 2021, in this photo taken by Kyodo. Photo taken on November 12, 2021. Mandatory Credit Kyodo / via REUTERS EDITORS ATTENTION – THIS IMAGE HAS BEEN PROVIDED BY A THIRD PARTY. MANDATORY CREDIT. JAPAN OUTSIDE. NO COMMERCIAL …

The stubborn undercoverage of Premium Motor Spirit (PMS), also known as the gasoline subsidy, created a mess of income for the federation in 2021. Apart from the usual polemics on the question of whether to “withdraw or not”, the essence subsidy payments swallowed up over 1.03 trillion naira in 10 months, resulting in low revenues …

White House officials attempted a small victory as millions hit the road for the holidays this week, touting small drops in gasoline prices even though costs at the pump are still much higher than at the same time last year. “As people leave for Christmas weekend, gasoline prices continue to drop – down 25 cents …

Strong points OPEC + quotas, drilling programs to increase production capacity Production could increase by nearly 500,000 bpd by June to November 2021 levels Omicron, sanctions and releases of strategic reserves could affect production Russian oil production is expected to increase in 2022, although factors such as the coronavirus pandemic and the release of strategic …

NEW YORK: Oil prices fell on Friday and were also down during the week as increasing cases of the Omicron coronavirus variant raised concerns that further restrictions would affect fuel demand. “There are concerns about COVID that will not go away, and the perception that may be weighing on demand is putting pressure on the …

A sticker shows crude oil on the side of a storage tank in the Permian Basin in Mentone, Loving County, Texas, U.S. November 22, 2019. Photo taken November 22, 2019. REUTERS / Angus Mordant / File Photo Register now for FREE and unlimited access to reuters.com Register US crude inventories drop more than expected, demand …

New Delhi: The price of gasoline has been a major topic of discussion in India for some time now. Especially after prices hit the 100 rupee mark in June 2021. Supply chain bottlenecks as well as bottlenecks affecting the mining and refining sector, oil prices have skyrocketed during the crisis of Covid-19. But did you …

The U.S. shale industry first experienced a wave of consolidation in 2015 when prices fell after Saudi Arabia fully turned on the taps in response to growing shale production. Since then, consolidation has continued, albeit unevenly. But he’s about to get some extra momentum. According to industry executives, the recent increase in price volatility will …

SINGAPORE – Asia-Pacific markets fell on Friday as investors assess risks associated with new omicron Covid variant and anticipate key US inflation data Japan’s Nikkei 225 extended losses from the previous session and fell 1% to 28,437.77. The Topix index fell 0.77% to 1,975.48. In South Korea, the Kospi lost 0.64% to 3,010.23 while the …

Crude oil storage tanks are seen from above at the Cushing Oil Hub in Cushing, Oklahoma on March 24, 2016. REUTERS / Nick Oxford / File Photo Register now for FREE and unlimited access to reuters.com Register Oil made gains earlier this week after last week’s collapse UK PM to announce new restrictions – reports …

In last week’s column, readers may recall that I raised concerns about the disparity between winter maintenance levels on roads in southern and northern Ontario. Unfortunately, under successive Liberal and Conservative governments, this is an ongoing problem that neither government has wanted to address even briefly. I raised this issue recently in the Legislature and …

A drop in international crude oil prices over concerns over the Omicron variant of the virus that causes Covid-19 could, if it persists, end up driving down the price of gasoline and diesel for consumers in India, as well. than in other countries. Indian express examines recent developments in crude oil prices and their potential …

But with the demand for crude rising as the impact of the pandemic wears off, that no longer appears to be the case. OPEC +, which brings together the Organization of the Petroleum Exporting Countries and allies like Russia, is once again showing dynamism. The group’s refusal to accede to US President Joe Biden’s calls …

In Delhi, gasoline is currently sold at Rs 103.97; while the diesel rate stood at Rs 86.67. Gasoline and Diesel Prices Today: Fuel prices were unchanged for 26 consecutive days on Tuesday. Earlier on November 4, the government reduced excise taxes on gasoline and diesel to lower rates slightly from record levels. In the national …

Here are some of the developments that we will be following today, Sunday, November 28, 2021. The demolition of Karachi’s Nasla Tower remains unfinished on the fifth day since work began on Wednesday. Authorities in Karachi managed to disperse the protesters on Friday, but the possibility of more protests lurks around the corner. Now, the …

Gasoline was “as vital as blood in the battles to come,” French Prime Minister Georges Clemenceau (1841-1929) said during World War I. With these words, he tried to convey his country’s urgent need for help from the United States, which at the time was the world’s largest oil producer, according to the book “The Prize: …

Rep. Ashley Hinson, R-Iowa, gives an overview of Biden’s Build Back Better plan. President Biden Tuesday, described the steps his administration is taking to tackle soaring inflation ahead of the holiday season, saying the various actions will help ease supply chain bottlenecks and reduce rising gas prices. The government recently reported that consumer prices rose …

A worker takes a sample of crude oil from an oil well operated by the Venezuelan state oil company PDVSA in Morichal, Venezuela, July 28, 2011. REUTERS / Carlos Garcia Rawlins Register now for FREE and unlimited access to reuters.com Register now US pushes OPEC + again as it considers release of reserves Japan has …

Price of gasoline, diesel today: Gasoline and diesel prices remained unchanged for the 18th consecutive day on November 20, Saturday. Gasoline and diesel prices have remained the same since the central government reduced excise taxes on gasoline and diesel. Motor fuel prices have been reduced by Rs 5 and Rs 10. In addition, several states …

Australia’s two most senior politicians have made extraordinary and false statements about oil prices this week. On Monday, Prime Minister Scott Morrison said oil prices would rise more than not if his government was sacked. But he provided no evidence to support his claim – even when asked. Deputy Prime Minister Barnaby Joyce continued Tuesday …

SINGAPORE: Oil prices were flat Thursday after falling in the previous session amid fears of rising inflation in the United States, spurred by rising energy costs, could prompt the government to release more strategic crude stocks to lower prices. On Wednesday, Brent crude futures fell 2.5% and West Texas Intermediate (WTI) futures fell 3.3% after …

In the letter, Senators Elizabeth Warren, Sherrod Brown, Jack Reed and others warned that the high price of gasoline for seven years has “placed an undue burden on families and small businesses trying to make ends meet. “. “In light of these pressing concerns, we ask you to consider all the tools available to you …

Even though reductions in excise duties on gasoline and diesel give the common man some breathing room on the streets, the price of liquefied petroleum gas (LPG) cylinders still pinches the pockets of consumers. The admi has yet to come to terms with the very fact that the prices of cooking fuel have increased by …

The Occidental Petroleum logo is displayed on a ground display at the New York Stock Exchange (NYSE) in New York, United States, April 30, 2019. REUTERS / Brendan McDermid HOUSTON, Nov. 4 (Reuters) – Occidental Petroleum Corp (OXY.N) more than doubled third-quarter profit to $ 836 million from the previous three months, the company said …

In Delhi, gasoline and diesel prices were Rs 110.04 and Rs 98.42 per liter respectively. Gasoline and Diesel Prices Today: Fuel prices remained unchanged on Wednesday, November 3, after rates were hiked for seven consecutive days. In the nation’s capital, gasoline and diesel prices were Rs 110.04 and Rs 98.42 per liter respectively, according to …

Oil and gas tanks are seen in an oil warehouse at a port in Zhuhai, China on October 22, 2018. REUTERS / Aly Song Kuwait, Iraq say OPEC + should stick to increased targets China releases gasoline and diesel reserves to boost local supply Biden pushes G20 energy-producing countries to increase production Nov. 1 (Reuters) …

ISLAMABAD: Amid relentless protests from opposition parties against rising prices and rising unemployment in the country, Prime Minister Imran Khan on Saturday rejected the proposal by the Oil and Gas Regulatory Authority (Ogra) to increase oil prices and decided to keep them unchanged for the next fortnight. The prime minister made the decision “taking into …

(The views and opinions expressed in this article are those of the attributed sources and do not necessarily reflect the position of Rigzone or the author.) In this week’s edition of the successes and failures of the oil and gas industry, regular Rigzone market watchers looked at oil prices, the potential restart of Iranian nuclear …

Global energy supermajor ExxonMobil is one of the few Western energy companies to invest in the development of Guyana’s burgeoning oil industry. Since the first discovery of high-quality oil in 2015 in the 6.6 million acre Stabroek block, where Exxon is the operator and owns a 45% stake, the oil supermajor has experienced incredible success. …

Demand for oil is expected to increase by half a million barrels per day (bpd) as the power sector and heavy industries abandon more expensive sources of energy, the IEA said. Through Reuters | Posted: 26-Oct-21 12:28 PM IST 0 Views See the pictures U.S. shale producers have hesitated to invest in increased production after …

Domestic prices at the pump are likely to rise to as high as 1.20 pesos per liter for fuel prices this week to reflect price movement in the global oil market. This developed when BAYAN Muna party list representative Carlos Isagani Zarate challenged Energy Secretary Alfonso Cusi to ask President Rodrigo Duterte to certify Bill …

Manila, Philippines – Leaders of farmer and transport groups on Friday sounded the alarm on a threat “worse than the pandemic” – steadily rising oil prices and the lack of government guarantees for marginalized sectors. At a press conference at the University of the Philippines (UP) Diliman, Anakpawis National President Ariel Casilao warned that the …

Gasoline prices in New Brunswick hit all-time highs on Thursday, including street prices above $ 1.50 for the first time in some communities. This is the consequence of a number of factors, but mainly of two consecutive months of strong growth in the international oil markets. Last week, the head of oil analysis at online …