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Oil & Gas
Rising Diesel Prices Set New Record
Diesel prices soared to a record on Friday while petrol prices rose to their highest in 19 months after state oil companies increased rates for the thirteenth t
Oil & Gas
Petrol Price goes up as Diesel, Kerosene Pump Rates Drop in Kenya
The price of super petrol has increased by Sh5.77 while those of diesel and kerosene dropped by Sh3.80 and Sh17.31 per litre respectively.
Oil & Gas
BP Takes Hit of Up to $17.5bn As it Forecasts Cheaper Oil
BP has forecast lower oil prices for decades to come as governments speed up plans to cut carbon emissions in the wake of the coronavirus pandemic.
Oil & Gas
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil & Gas
Oil Drops More than 8% as Fears Over Second Wave of Coronavirus Cases Hit the Market
Oil prices dropped more than 8% on Thursday amid a broader market sell-off as fears over a second wave of coronavirus cases led to investors shedding assets.
Oil & Gas
Oil Advances Above $43 after OPEC+ Extends Production Cuts
Oil advanced above $43 a barrel in London after OPEC and its allies agreed to extend historic output curbs by an extra month.
Oil & Gas
OPEC+ Extension Sets up Very Favorable Oil Price Conditions for the Rest of 2020
Russia and Saudi Arabia have just made a completely irrational effort to flood the global oil market.
Oil & Gas
Bulgaria to Set up a State-Owned Oil Company
Bulgaria plans to set up a state oil company to manage oil and fuel warehouses and set up filling stations across the country to increase competition.
Oil & Gas
Oil Moves Lower as U.S.-China Tensions Weigh
Oil futures steadied on Monday as rising U.S.-China tensions weighed on sentiment, but prices drew support from reports that OPEC and Russia were close to a dea
Oil & Gas
Australia:Tasmania to Introduce Mandatory Fuel Pricing
The Tasmania state government has announced it would impose a mandatory real-time fuel price reporting mechanism on retailers in order to put downward pressure
Oil & Gas
Oil Price Crash to Fuel Japan and South Korea's Coal-to-Gas Switch
LNG volumes sold on an oil-indexed basis could become cheaper.
Oil & Gas
Oil Rises on View that Demand may Rebound Beyond Pre-Virus Level
Oil rose as the head of the International Energy Agency forecast demand will likely grow past its level before the global pandemic.
Oil & Gas
Negative Pricing Seen Spreading from Oil to Gas
Almost a month after US crude oil prices collapsed into negative territory for the first time, European gas markets are facing the prospect of also slipping int
Oil & Gas
Petronas Expects a Challenging Year as Q1 Profit Falls about 70 Pct
May 22, declined 4.66 per cent to US$34.38 per barrel.
Solar
OPEC Producer Algeria Aims To Build $3.6B Solar Power Projects
OPEC member Algeria plans to install up to US$3.6 billion worth of solar photovoltaic projects to produce renewable electricity for export and for meeting incre
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