The Ministry of Petroleum and Natural Gas (MoPNG) has announced a reduction in the domestic natural gas price to $7.29 per million metric British thermal units (mmBtu) on a gross…
Petrol
Petrol, also known as gasoline, is a flammable liquid derived from crude oil. It serves as a primary fuel for internal combustion engines in vehicles. Its composition includes hydrocarbons and various additives, optimizing performance and emissions in modern engines.
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WTI crude oil is trading within a descending triangle pattern, marked by lower highs and firm support at $66.85 per barrel on the hourly chart. The price hovers near the…
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The Association of Oil Marketing Companies (AOMC) has officially rebranded as the Chamber of Oil Marketing Companies (COMAC), signaling a bold new phase in Ghana’s downstream petroleum sector. This strategic…
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To address the escalating gas crisis disrupting industries, Bangladesh’s interim government will launch international tenders for offshore gas exploration on December 9, with onshore explorations, including hilly regions, set for…
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The Dangote Refinery, a $20 billion petrochemical giant in Nigeria, has successfully positioned itself as a critical player in the global energy market, exporting jet fuel to international destinations, including…
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As of Wednesday, November 27, government oil companies have updated fuel prices across major cities in India, with petrol and diesel rates experiencing fluctuations. These prices are revised daily at…
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After years of inactivity, the Port Harcourt Refinery has officially resumed the production and distribution of essential petroleum products, including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Household…
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West Texas Intermediate (WTI), the benchmark for US crude oil, saw a modest uptick in price on Wednesday, trading around $68.75. This increase comes amid ongoing uncertainty surrounding the US…
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The 2024 Practical Nigerian Content (PNC) Forum is set to bring together key stakeholders from Nigeria’s oil and gas sector for a four-day event focused on advancing Nigerian content implementation,…
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OPEC+ has limited flexibility to reverse its ongoing oil production cuts, which have inadvertently spurred increased supply from the U.S. shale industry, according to Afshin Javan, Iran’s representative to the…