Despite a minor increase in bullish positions last week, portfolio managers have significantly reduced their long positions in oil futures over the past two months, driven by concerns about slowing…
Fuel Oil
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Punjab’s Cabinet, under the leadership of Chief Minister Bhagwant Mann, approved a rise in petrol and diesel prices by 61 paise and 92 paise per liter, respectively, on Thursday. This…
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Argentina has taken a significant step in enhancing its energy sector by passing the Basis Law, which includes the Incentive Regime for Large Investments (RIGI). This legislation aims to attract…
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Recently, the evolving energy transition has been discussed, a concept that gained prominence after the 1973 oil crisis and was championed by President Jimmy Carter. The transition represents the global…
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Oil stocks enjoyed a resurgence two years ago as investors capitalized on record industry profits driven by the European gas crisis and sanctions on Russia. However, recent assessments suggest this…
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The Nigerian National Petroleum Company Limited (NNPC) is confronting severe financial difficulties, struggling with substantial debt to fuel suppliers. This issue raises questions about the future stability of the nation’s…
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Crude oil imports across Asia, the world’s largest importing region, have shown a notable recovery in August following a two-year low recorded in July. China, the leading global crude importer,…
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Vice President Kamala Harris has clarified that she will not impose a ban on hydraulic fracking if elected president, marking a significant shift from her previous stance. Revently, Harris stated,…
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Norway is at a crossroads in its energy strategy, balancing significant investments in renewable energy with ongoing substantial production of oil and gas. However, mounting international pressure to reduce oil…
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In response to severe fuel shortages exacerbated by Israeli restrictions on petroleum imports, Gaza residents have begun converting plastic waste into diesel. With conventional fuel sources scarce, locals are collecting…