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Trade
Oil & Gas Trade
Asia’s EV Boom Sours Appetite for Nigeria’s Oil
The growing adoption of electric vehicles (EVs) and liquefied natural gas (LNG) as preferred energy sources in Asia has continued to weaken Nigeria’s crud…
Oil & Gas Trade
Angola’s Faster February Oil Sales Signal Better Demand in Asia
The pace of sales for February-loading Angolan oil is faster than the last couple of months, with only 20-30% of next month’s supplies still seeking buyer…
Electricity Trade
Aba Power Raises Electricity Tariffs After NERC Approval
Aba Power Limited Electric, (APLE), a Nigerian electricity distribution company, has announced a more than 50 per cent electricity tariff hike for customers wit…
Oil & Gas Trade
Fuel Oil Leaks From Stranded Tanker Near Hokkaido Beach
The Sanwa Maru remains stranded on a reef about 20 meters from shore in Hakodate, Hokkaido, on Jan. 8.Fuel oil has leaked from a 3,919-ton tanker that ran agrou…
Electricity Trade
India’s 2024 Power Output Growth Is Slowest Since Pandemic, Data Shows
Men walk past electric pylons in Little Rann of Kutch in the western Indian state of Gujarat March 2, 2014.India's electricity generation grew at its slowes…
Electricity Trade
China’s Richest Regions Cut Electricity Prices to Protect Industries
More Chinese regions are cutting electricity prices to help out their embattled industries, which is likely to worsen the squeeze on profits at power suppliers.…
Electric Vehicles
Automakers to Pool CO2 Emissions With Tesla, Polestar to Meet EU 2025 Rules
The Tesla logo is seen on a car at the Paris Games Week (PGW), a trade fair for video games in Paris, France, October 27, 2024.Automakers facing tougher Europea…
Oil & Gas Trade
Austria’s OMV Agrees to Supply Romanian Gas to Germany, Sources Say
The logo of Romanian integrated oil company OMV Petrom is pictured outside its headquarters in Bucharest, Romania, March 28, 2019.Austria's OMV has struck a…
Oil & Gas Trade
Slovakia Says Gas Supply Meeting with Ukraine, European Commission Cancelled
Slovak Prime Minister Robert Fico attends a meeting with Russian President Vladimir Putin in Moscow, Russia December 22, 2024.A meeting between Slovak, Ukrainia…
Oil & Gas Trade
US Gulf Coast Fuel Oil Imports Hit Record Low as Latam Deliveries Slow
A view of the state oil company Pemex's Olmeca refinery in Dos Bocas, Paraiso, Mexico June 21, 2024.Fuel oil deliveries into America's largest refining …
Oil Price
Oil Prices Ease as Weak Economic Data Offsets Higher US Winter Storm Heating Demand
A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024.Oil prices eased in volatile trade on Monday as some bearish economic news …
Natural Gas
US Natural Gas Prices Jump 9PC as Winter Storms Boost Heating Demand
US natural gas futures soared 9% in volatile trade on Monday as winter storms battered the eastern half of the country, causing output to decline as some oil an…
Oil & Gas Trade
Iran, Russia May Sign Transport and Gas Cooperation Agreement - Ambassador
An agreement on transport and gas cooperation between Iran and Russia may be signed during the visit of Iranian President Masoud Pezeshkian to Russia on January…
Oil & Gas Trade
Nigeria Imports 31.8m Litres of Petrol Daily to Bridge Local Refining Shortfall
Nigeria is currently importing about 79.5 per cent or 31.8 million litres of Premium Motor Spirit (PMS), popularly called petrol to bridge local refining shortf…
Oil & Gas Trade
Iraq Surpasses Saudi Arabia in Weekly Oil Exports to US
Oil tankers dock at a floating platform, offshore from the southern Iraqi port cityThe US Energy Information Administration (EIA) announced on Saturday that Ira…
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