Petroleum Prices
Venezuelan oil boss predicts increase in production, despite infrastructure collapse and US sanctions
Through Erik Schatzker, Alex Vasquez and Patricia Laya at 06/21/2021 Venezuelan Oil Minister Tareck El Aissami (Bloomberg) – In Venezuela, queuing at a gas station – sometimes for days – has become so routine it’s hard to imagine life without. But go see Tareck El Aissami, the Minister of Oil, and you will find that …
“Legacy of UPA oil bonds hurts consumers today”: government sources
The regime of former Prime Minister Dr Manmohan Singh is today blamed for the plight of consumers. New Delhi: A “financial fraud” played by the government of the UPA (2004-2014) using the instrument of oil bonds is responsible for the suffering of Indian consumers today, according to government sources. They also accused the “non-politicians” in …
China’s new tax law threatens region’s oil refiners
Last month, on May 14, China announced a new tax on the consumption of mixed aromatics, light cycle oils and bitumen blends, which is expected to be instituted less than a month later on June 12. . keeping a close eye on Chinese oil consumption to see what impact the consumption tax of 1,218 yuan …
Oil prices will rise next week – Manila Bulletin
As global oil prices edged up to $ 73 a barrel by the end of the trading week, Filipino consumers will be in even more of a hurry next week, with domestic pump prices expected for larger increases. Based on the calculations of the oil companies, gasoline prices could climb by 0.70 to 0.80 P …
Gasoline and diesel prices rose on Friday. Gasoline above Rs 103 in Mumbai Check prices here
Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices were hiked in all four subways on Friday, June 18 to new all-time highs, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 27 paise …
Gasoline and diesel prices did not change on Thursday. Petrol above Rs 96 in Delhi Check prices here
Fuel Prices: National gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: Gasoline and diesel prices are unchanged across all four subways on Thursday, June 17, according to Indian Oil Corporation. In Delhi, gasoline prices are stable at Rs 96.66 per liter and diesel …
Gasoline and diesel prices rose on Wednesday. Gasoline approaches 103 rupees in Mumbai Check prices here
Fuel prices today: National gasoline and diesel prices vary from state to state due to VAT Gasoline and Diesel Prices Today: Gasoline and diesel prices were again increased in all four subways on Wednesday, June 16, according to Indian Oil Corporation. In Delhi, gasoline prices were increased by 25 paise from Rs 96.41 per liter …
Gasoline And Diesel Prices Today In India: Gasoline And Diesel Rates Today In Delhi, Bangalore, Chennai, Mumbai, Hyderabad And Other Cities
Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai, Hyderabad: Gasoline and diesel prices remained unchanged on Tuesday, after undergoing a rate revision just a day ago. The price of gasoline in Delhi today costs Rs 96.41 per liter, while diesel in the capital sells today for Rs 87.28 per liter. Rates have been …
Government to spend additional RM 4.22 billion on fuel subsidies this year due to rising global oil prices
The government has said that an additional RM4.22 billion is expected to be spent this year on fuel subsidies due to rising global oil prices, Malaysian mail reports. The amount will be used to maintain the price ceilings that have been set for gasoline, diesel, liquefied petroleum gas (LPG) and RON 95 cooking oil, said …
Iraq sees oil prices between $ 68 and $ 75 a barrel in second half
Iraq, OPEC’s second-largest oil producer, said crude prices would hover between $ 68 and $ 75 a barrel in the second half of the year. The price range is expected due to a commitment to OPEC + production has declined, Iraqi Oil Minister Ihsan Abdul Jabbar told reporters at the Baghdad International Book Fair. The …
Are Oil Prices Heading Towards $ 100 A Barrel?
On June 1, 2021, Jeremy Schwartz, Global Head of Research at WisdomTree and regular host of the Behind the Markets podcast, was joined by Mobeen Tahir, Associate Director of Research at WisdomTree, to welcome Erik Gilje, Professor of Finance at the University of Wharton School of Business in Pennsylvania. The topic was petroleum, and the …
Oil hits multi-year highs with third weekly gain on recovery in demand
By Laila Kearney NEW YORK (Reuters) – Oil prices hit new multi-year highs on Friday, closing a third straight week of gains on an improving outlook for global demand as rising COVID-19 vaccination rates help curb the pandemic. Brent crude futures were at $ 72.69 a barrel, up 17 cents after hitting their highest level …
Inflation data and strong demand push oil prices to two-year highs
Through Andres Guerra Luz at 6/10/2021 (Bloomberg) –Oil hit its highest level in more than two years, supported by higher-than-expected U.S. inflation data and prospects of strong demand. Futures in New York rebounded after falling 1.8% earlier Thursday, following news of the removal of US sanctions against a former Iranian oil official. Crude found support …
Canadian oil industry bullish as prices rebound
Canada’s oil and gas industry is increasingly optimistic about its near-term future as economies recover and oil prices recover. Yet the industry faces growing challenges in the medium to long term, primarily in the form of the never-ending battle over pipeline carrying capacity and the environmental and activist emergency of shareholders to hold the oil …
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Oil prices climb on signs of strong recovery in fuel demand
Oil prices rose for a second session on Wednesday on signs of strong demand for fuel in Western economies, as the prospect of a return to Iranian supplies faded as the US Secretary of State faded. said sanctions against Tehran were unlikely to be lifted. Brent crude futures rose 32 cents, or 0.4%, to $ …
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Oil prices retreat but the outlook remains positive
Oil prices extended Tuesday’s losses on profit taking and a stronger US dollar, but general optimism about the recovery in demand kept prices low. Brent crude was down 37 cents, or 0.5%, at $ 71.12 a barrel at 1:35 p.m. GMT, after falling 0.6% on Monday. US West Texas Intermediate oil fell 27 cents, or …
Prices at the pump fluctuate as demand declines and crude oil prices rise
RICHMOND, Va. (WHSV) – After 10 days of stability, AAA reports that the national gas price average rose by a dime over the weekend, but the Virginia average fell by a dime for the week and 17 cents from last month. Harrisonburg is also said to be down a cent. AAA says prices are set …
Gasoline and Diesel Prices Today: Fuel prices are rising again after a day’s difference. Check out the latest prices here
Gasoline and diesel prices increased again on June 6, 2021. Check out the latest prices here. (Representative image) STRONG POINTS After remaining stable yesterday, gasoline and diesel prices rose further on Sunday. Automobile fuel now costs over Rs 100 in various cities and the price of gasoline remains the highest in Sri Ganganagar, Rajasthan. The …
TFSA Investors: This Global Energy Giant Could Benefit From Rising Oil Prices
Home ” Invest ” TFSA Investors: This Global Energy Giant Could Benefit From Rising Oil Prices TransGlobe (TSX: TGL) (NASDAQ: TGA) is engaged in the exploration, development and production of crude oil and natural gas in Egypt and Canada. The Company regularly reviews potential acquisitions and new international exploration blocks to complement TransGlobe’s exploration and …
Oil prices to rise again next week – Manila Bulletin
Filipino motorists will again have to shell out a higher budget for their fuel consumption next week as prices are expected to rise at the pumps. Oil companies said diesel products could increase from 0.55 P to 0.65 P per liter; while gasoline prices by a marginal upward adjustment from P0.10 to P0.20 per liter. …
Oil prices are trading near their two-year high, but ‘jury is still out’ on recovery in demand
Oil prices hit their highest levels in more than two years, and are expected to end the week with a gain of more than 4%, with traders betting that the recovery in demand this summer will cause crude supplies to tighten. The recovery in demand, however, is not a sure thing. “There are a lot …
Dividends are the next oil catalyst. Here are the actions that could benefit from it.
Text size Oil pump jacks in Cushing, Okla. Photograph by JOHANNES EISELE / AFP via Getty Images Executives in the oil and gas industry now have a clear message: investors want them to become more efficient, not to grow. And they want companies to return more money to shareholders through dividends and share buybacks. Industry …
Higher-than-expected crude draw fuels the rise in oil prices
The American Petroleum Institute (API) on Tuesday announced a drop in crude oil inventories of 5.36 million barrels for the week ending May 28. Analysts had predicted a drawdown of 2.114 million barrels for the week. The week before, API reported a drop in oil inventories of 439,000 barrels after analysts predicted a decline of …
Ringgit strengthens as oil prices continue to rise
KUALA LUMPUR: The ringgit opened slightly higher against the US dollar today as the price of oil continues to strengthen. At 9:02 am, the local currency rose to 4.1250 / 1257 against the greenback at Tuesday’s close of 4.1265 / 1283. ActivTrades trader Dyogenes Rodrigues Diniz said the greenback was trading flat against the local …
Gasoline will cost less tomorrow but it remains an inflation risk
Through Edward West 1h ago Share this article: ShareTweeterShareShareShareE-mailShare AUTOMOBILISTS will benefit from a 10 cents per liter (c / l) drop in the price of 95 ULP gasoline, while refined diesel (0.005% sulfur) will increase by 21c / l due to the effects of the price increase global oil prices and a lower rand …
Oil price hits 2-year high
Oil price hits 2-year highCredit to the private sector; Weekly oil market; inflation gauge; China data What happened? Last week, world crude oil prices rose more than 4% to their highest levels in more than two years. Implications: Rising oil prices will keep the global focus on inflation and, in turn, investors will wonder what …
RBI set to keep benchmark interest rate on Friday, experts say
MUMBAI: Amid concerns about inflation and lingering uncertainty about the second wave of the COVID-19 pandemic, the Reserve Bank of India (RBI) is expected to keep the benchmark interest rate at existing levels during its next monetary policy review, experts believe. The next bimonthly monetary policy review is expected to be announced on June 4, …
Gasoline, diesel prices at record high, gasoline crosses 100 rupees mark in Mumbai, check prices here
Gasoline and Diesel Rates Today in Delhi, Bangalore, Chennai, Mumbai: Fuel Prices Rise in All Subways Gasoline and Diesel Prices Today: Gasoline and diesel prices were increased in all four subways on Saturday May 29. In the national capital, gasoline prices were increased by 26 paise from Rs 93.68 per liter to Rs 93.94 per …
Gasoline crosses 100 rupee mark in Mumbai as fuel prices rise on Saturday
Gasoline Breaks Rs100 In Mumbai As Fuel Prices Rise On Saturday | Photo credit: BCCL Highlights OMCs including BPCL, IOCL and HPCL review fuel prices every morning at 6:00 a.m. Fuel prices differ from state to state depending on the incidence of local taxes such as VAT and freight charges Mumbai became the country’s first …
More producer price increases are expected
Through Siphelele Dludla 1h ago Share this article: ShareTweetShareShareShareE-mailShare JOHANNESBURG – PRODUCER prices in South Africa are expected to continue rising in the short term after increasing the most in two and a half years last month. Data from Statistics South Africa (StatsSA) yesterday showed that the Producer Price Index (PPI) for finished manufactured goods …
Oil prices plunge amid concerns over possible return of Iranian supply
Oil prices fell on Thursday as concerns over demand in India and the potential for increased supplies from Iran offset optimism about the summer driving season in the United States and Europe. Brent fell 60 cents, or 0.9%, to $ 68.27 a barrel at 11:21 a.m. GMT. U.S. West Texas Intermediate (WTI) crude fell 57 …
Gasoline and Diesel Prices Hit New Highs; Gasoline approaches Rs 100 Mark in Mumbai Check prices here
Fuel Prices: Domestic gasoline and diesel prices vary from state to state due to value added tax (VAT). Gasoline and Diesel Prices Today: On Thursday, May 27, gasoline and diesel prices rose in all four subways. liter at Rs 84.61 per liter, according to the Indian Oil Corporation. Gasoline is approaching the Rs 100 mark …
Will the fight against Exxon’s activist investors lead to the Woods Ouster? | Rigzone
(Bloomberg) – An unprecedented fight over who should sit on the board of Exxon Mobil Corp. turns into a referendum on CEO Darren Woods as a decades-long struggle by climate activists comes to a head. Activist investor Engine No. 1 LLC wants to replace a third of Exxon’s board of directors in a bid to …
Hibiscus Petroleum to Sell 3.7 Million Barrels of Crude Oil in FY21, 3Q21 Profits Rise 12.5% to RM32 Million
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 …
Oil companies turn off taps as fear of civil war grows in Colombia
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 …
Gasoline and diesel prices are skyrocketing after another rise. Check the latest rates in your city
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 …
N380 / liter: Governors do not have the power to set the price of gasoline —Falana
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 …
Dover paving project delayed by water pipe rupture
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 …
India’s consumption of petroleum products fell 9% in last fiscal year, Energy News, ET EnergyWorld
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 …
There’s light at the end of the tunnel for Argentina’s oil industry
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 …
Commodity strategies: gold, silver, crude, base metals
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 …
Vaccine inequality threatens Center Japanese financial system
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 …
Gasoline and diesel costs stay unchanged for eleventh day in a row, Vitality Information, ET EnergyWorld
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 …
Fuel costs within the Albany area rise by greater than a nickel final week | Information
ALBANY, NY – Gasoline costs in Albany rose 5.2 cents per gallon final week, averaging $ 2.87 per gallon immediately, in line with GasBuddy’s every day survey of 546 stations in Albany . Gasoline costs in Albany are 28.6 cents per gallon greater than a month in the past and 38.5 cents per gallon greater …
Polls Approaching, Crude Oil Softening Prevents Oil Tankers From Scaling Up Costs, Power Information, ET EnergyWorld
New Delhi: Gas costs within the nation have remained secure for greater than a fortnight, because the easing of crude and upcoming elections in a number of states later this month have prevented oil corporations from revising retail costs. In consequence, gasoline continues to be priced at Rs 91.17 per liter and diesel Rs 81.47 …
Pradhan, Vitality Information, ET EnergyWorld
New Delhi: Petroleum Minister Dharmendra Pradhan stated on Wednesday that states like Maharashtra ought to lower gas taxes to offer reduction to customers and have remained uncommitted to slicing central taxes. “I do not wish to be in politics. … In Maharashtra, particularly in Mumbai the place they’re in politics and on this metropolis the …
Oil costs prolong rally on OPEC + and Saudi assault information
Oil costs prolong rally on OPEC + and Saudi assault information Crude oil costs continued to rally this weekend, with Brent and West Texas Intermediate (WTI) hitting their highest ranges in over a yr. Information that the Group of the Petroleum Exporting Nations and Allies (OPEC +) has agreed to keep up manufacturing brakes, regardless …
Oil breaks $ 70 per barrel of benchmark
Oil breaks $ 70 per barrel of benchmark Flames emerge from flares on the Nahr Bin Umar oil area, north of Basra, Iraq, March 15, 2020 (Reuters) The worth of oil is on hearth: Brent crossed the $ 60 a barrel threshold a month in the past and early Monday morning it crossed the $ …
Gasoline and diesel costs might be reduce to ₹ 75, ₹ 68, if included in GST: SBI economists
Gas costs in India could drop if they’re topic to the Items and Companies Tax (GST), however there’s a lack of political will, conserving the costs of Indian petroleum merchandise at one of many highest on the earth. world, relying on the state. Financial institution of India economists. If included within the GST, the value …
GST can convey gasoline right down to Rs 75, specialists say
SBI economists stated integrating gasoline and diesel underneath the brand new oblique tax framework may assist The worth of gasoline can drop to Rs 75 per liter nationwide whether it is topic to the Items and Providers Tax (GST). Nevertheless, a scarcity of political will retains the costs of Indian petroleum merchandise one of many …
CERAWEEK-Exports to Drive Development in U.S. Pure Gasoline Demand, However Pipelines Wanted, Power Information, ET EnergyWorld
Home pure gasoline consumption in the USA will peak round 2030, however greater exports of gasoline pipelines and liquefied pure gasoline (LNG) are anticipated to maintain gasoline demand rising till 2050, Matthew Palmer mentioned on Wednesday, Senior Director of IHS Markit. Transporting this gasoline from states the place it’s produced to locations the place it …
Gasoline Diesel Worth Reduces Newest Information Gasoline Excise Tax
Picture supply: FILE PHOTO The costs of gasoline and diesel in some states, cities throughout the nation are at an all time excessive nowadays. (Picture for pictorial illustration) Gasoline and diesel costs are at a brand new excessive nowadays as the price of gasoline in some states cities is round Rs 90-100 per liter. Throughout …
From fossil to wash gasoline
Written by Aniruddha Ketkar, Ashwin Gambhir and Ashok Sreenivas Though gasoline costs are as excessive as ₹ 100 per liter in some components of the nation, the federal government has been reluctant to cut back numerous taxes and duties on transport fuels, which might have lowered the buyer worth of those fuels for the extraordinary …
Oil business will get greener as US coverage shifts to local weather change
A employee struggles a drill rod stand in place on an oil rig close to Midland, Texas. Nick Oxford | Reuters The greening of the US oil business has turn out to be extreme. Dan Yergin, vice chairman of IHS Markit, stated it was an necessary turning level for the fossil gas business, which anticipates …
Authorities can cut back excise responsibility on gasoline and diesel to Rs 8.5 per liter with out hurting revenues, Auto Information, ET Auto
Between November 2014 and January 2016, the federal government elevated excise taxes on gasoline and diesel 9 occasions to take away features from falling world oil costs. New Delhi: Authorities has possibility to cut back excise responsibility on gasoline and diesel to Rs 8.5 per liter with out affecting its goal of twin gas tax …
Ministry of Finance Begins Dialogue on Reducing Diesel and Gasoline Costs, Power Information, ET EnergyWorld
New Delhi: Amid growing strain from all neighborhoods to scale back taxes on gasoline and diesel, the Ministry of Finance has vigorously began discussing the burning subject that has created a gap within the pockets of customers, have sources mentioned Tuesday. “The federal government is discussing the extent to which taxes might be lowered, and …