Rice

Oil Price

The Oil Countries Suffering Most from the Oil Price Crash

The world's largest oil trader has seen its first-quarter net profit fall by 70%.

Oil Price

Oil Edges Up on Tighter Supply, but Demand Concerns Check Gains

Oil prices nudged higher on Monday on tighter supplies from major producers, but concerns that a record rise in global coronavirus cases could curb a recovery i…

Oil&Gas Drilling

Oil Rigs Disappearing Across Africa at a Record Pace

Low oil prices are forcing drillers to dramatically curtail risky exploration, especially in frontier regions such as Africa.

Hydropower Plant

Hard Negotiations in Progress Over Feed-in Tariff for Sahofika Dam in Madagascar

In Madagascar, the government is taking every precaution to determine an optimal buyout price for the production of the Sahofika hydroelectric power station.

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…