Nigeria’s reliance on foreign sources for petroleum products remains high, with the nation importing ₦9.18 trillion worth of petrol (Premium Motor Spirit) between January and September 2024, according to the…
Energy Category
-
-
Oil marketing companies (OMCs) in India continue to update petrol and diesel prices every day at 6 AM, reflecting global crude oil price fluctuations and currency exchange rate changes. This…
-
The Methanol Institute (MI) has announced the addition of HIF Global as its newest member, effective December 5. HIF Global, a leader in the development of e-Fuels, produces sustainable alternatives…
-
Volvo Group Australia has announced a significant step towards its 2030 emissions reduction targets, revealing plans to replace diesel with Hydro Treated Vegetable Oil (HVO) in all Volvo and Mack…
-
Former President Donald Trump’s suggestion to impose a 25% tariff on Canadian and Mexican oil imports has ignited a firestorm of debate, with critics warning of dire consequences for the…
-
As winter sets in, Europe’s natural gas markets are tightening, driving up the cost of liquefied natural gas (LNG) imports, with fears of a colder winter intensifying competition for global…
-
Brazilian oil giant Petrobras, in partnership with Colombia’s state-run Ecopetrol, has unveiled the largest natural gas discovery in Colombia’s history. The Sirius-2 well, located in the Guajira Offshore Basin, has…
-
Prime Minister Shehbaz Sharif has urged the implementation of stringent measures to curb petrol smuggling in Pakistan, following a significant rise in the country’s petroleum sales. Chairing a review meeting…
-
Oil marketing companies (OMCs) in India update petrol and diesel prices every day at 6 a.m., keeping consumers informed despite the volatility in global markets. These daily revisions align with…
-
A consortium of global energy giants, including American supermajor Chevron, French oil company TotalEnergies, Italy’s ENI, and British explorer BP—now incorporated into the independent entity Azule Energy—has signed a landmark…