Bangladesh has raised fuel prices by up to 17.4 percent, its third hike since April, as the Middle East conflict drives up global oil and shipping costs.
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Petrobras has approved joining Brazil’s new diesel subsidy program worth 1 real per liter, as President Lula moves to cushion voters from rising oil prices.
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KEY POINTS Chevron plans to sharply increase its oil and gas exploration activity next year as it overhauls its exploration strategy and seeks to improve its record of finding new …
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KEY POINTS Ikeja Electric Plc has started refunding eligible customers who previously paid for electricity meters under the Meter Asset Provider programme. The electricity distribution company announced the development during …
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KEY POINTS QatarEnergy has warned that the ongoing crisis around the Strait of Hormuz could delay some of its major expansion projects, as critical equipment needed for development work remains …
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KEY POINTS South African electricity prices are on course to reach roughly 10 times their 2008 levels by the end of the 2026/27 financial year, far outpacing the country’s inflation …
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KEY POINTS The Nigerian National Petroleum Company Limited, NNPC Ltd, has begun rolling out a technology-driven approach to fuel retailing with the commissioning of its first Smart Self-Service Station in …
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has completed the basic engineering work for the next phase of its expansion, putting the company on course to raise the refinery’s capacity …
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China’s refined oil product exports rose 12.7 percent in August, with jet fuel exports hitting a record high as Beijing eased its wartime export controls.
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Japan’s oil refiners have secured enough crude through November despite Middle East tensions, the Petroleum Association of Japan said, drawing on national reserves.