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Rice
Oil Price
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 Trade
Russia July Crude Oil and Fuel Oil Export Tariffs Rose to 5.16 US Dollars / Barrel
The Russian Ministry of Finance issued a statement on Monday saying that as oil prices recovered, Russia set the July export tariff for crude oil and fuel oil a…
Crude Oil
China at Record Pace on Storage, Propping Up Oil Prices
China has been replenishing its oil reserves at a record pace.
China Energy
China Imported 47.97 Million Tons of Crude Oil in May
China's crude oil imports increased from a decline in May, and international crude oil prices rebounded rapidly.
Africa Energy
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 Price
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.
Market Analysis
As Energy Prices Tumble, Developing Countries Trim Subsidies
The coronavirus pandemic has sent economies into recession and reduced government revenue, so some countries are taking a politically perilous path: removing re…
Oil Price
Rosneft Launches "Denationalization" Reorganization
Russia's largest state-owned oil company Rosneft experienced its first quarterly loss in eight years.
Oil Price
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.
Market Analysis
Nordic Power Price Spreads may Widen to EUR 20 – Afry
In the next few years, the price spread between different bidding areas in the Nordic market is likely to widen to an average of 20 euros /MWh.
Thermal Coal
China's Thermal Coal Price Returns to Pre-Pandemic Levels
Thermal coal price in China has trended back to pre-COVID-19 levels as it strongly rebounded by 17% from the previous trough of $65.72 per tonne to $76.76 as of…
Oil & Gas Trade
Oil Price Climbs to $42 as China's Imports Hit All-Time High
Oil prices climbed on Monday after OPEC+ agreed to extend a deal on record output cuts to the end of July and as China’s crude imports hit an all-time high in …
Market Analysis
Japan Turns to Coal as COVID-19 Delays Solar Projects
In the wake of the COVID-19, electricity demand in Japan has dropped and power prices have declined.
Trice Resigns as Hurricane Energy Chief Executive
Robert Trice has resigned as chief executive of Hurricane Energy amid a boardroom reshuffle at the firm.
Oil Price
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.
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