Posts in category

Petroleum Prices


by ASILA JALIL / photo by TMR FILE HIBISCUS Petroleum Bhd aims to deliver three more offtakes during the last quarter of its fiscal year ended June 30, 2021 (FY21), reaching approximately 3.7 million barrels sold in total. The independent oil and gas exploration and production company sold a total of 874,944 barrels of crude …

America’s top Latin American ally and region’s fourth-largest oil producer Colombia finds itself shaken by anti-government protests who are now in their third week. It even rekindled fears of a new civil war in the conflict-torn Andean country. Colombia’s anti-government protests began with a nationwide strike on April 28, 2021 called by various civil society …

After a day’s hiatus, gasoline and diesel prices rose again on Sunday for the twelfth month, according to a price notification by state-owned fuel retailers. As gasoline prices rose 17 paise to ₹93.21 per liter in Delhi, diesel prices soared to ₹84.07 per liter after the addition of 27 paise. The tariffs had already crossed …

Human rights lawyer Femi Falana, SAN, says the country’s governors do not have the power to set oil prices. He said this on Friday night while featured on a PUNCH live interview program. The punch previously reported that a committee set up by the Nigeria Governors’ Forum headed by the Governor of Ekiti State, Kayode …

Motorists were delighted to see crew members paving the road outside Red’s Shoe Barn on Broadway in Dover on Friday morning, but that project came to a screeching halt when a main pipe snapped. City officials said on Friday afternoon that the area was closed to traffic as workers tried to identify and resolve the …

New Delhi: India’s domestic production, consumption and exports of petroleum products fell 11.0%, 8.7% and 13.3%, respectively, the last fiscal year ended in March 2021 due to the impact of the Covid pandemic. On a cumulative basis, a 4.7 percent year-over-year decline in domestic crude production was recorded in 2020-2021. Natural gas production fell 7.9 …

Protests and civil dissent are once again sweeping across Latin America, a region infamous for its political instability and economic inequality. While the Colombian security crisis is threatening Conflict-Torn Country’s Oil Industry, Argentina’s Oil Sector Recovers After Health Workers Strike blockade lifted in the province of Neuquén at the end of last month. In early …

By Tapan Patel Commodity prices traded on a mixed note. While most of the non-farm segment’s commodities rose, bullion saw sales. Crude oil prices rallied on bullish weekly inventory data, while base metals extended their gains against the higher demand prospectus on the global economic recovery. Here is an overview of the behavior of commodities …

DUBAI, United Arab Emirates – Economies within the Center East are recovering from the coronavirus pandemic sooner than anticipated, largely because of the acceleration of mass inoculation campaigns and rising oil costs. However the Worldwide Financial Fund warned on Sunday that an uneven vaccine distribution would derail the area’s rebound, as prospects for wealthy and …

NEW DELHI: Gas costs within the nation remained unchanged on Saturday, with oil advertising and marketing firms persevering with on hiatus and retaining gasoline and diesel costs static for the eleventh day in a row. In consequence, the pump worth of gasoline and diesel remained at the day before today’s stage of Rs 90.56 and …