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UAE says no clear position ahead of OPEC+ ministerial meeting

07:42am, Thursday, 25'th Nov 2021 Report AZ
The UAE, which is the fourth biggest oil producer in the OPEC+ agreement, has announced that it doesn’t yet have a definite position before the ministerial meeting scheduled for December 1-2
The Zamfara State Taskforce Committee on Compliance to Gov. Bello Matawalles Executive Order on insecurity has ordered the closure of a filling station and bakery in Gusau and Tsafe local government areas of the state. Chairmen of Committee, Abubakar Dauran, gave the order on Wednesday shortly after security forces arrested four suspects for alleged supplying [] The post Zamfara govt closes filling station, bakery for suppling petrol, bread to bandits appeared first on . .
One in six VLCCs currently trading have carried oil from sanctions-hit Venezuela and Iran over the past 24 months, new research shows, underscoring how large the illicit oil shipment business has become during what has been one of the worst earnings periods for tankers in a generation. Of the 853 VLCCs currently afloat, 141 have

UAE says it''s ''fully committed'' to OPEC+ deal

07:12am, Thursday, 25'th Nov 2021 Breaking the News 24/7
The United Arab Emirates is "fully committed" to the oil output agreement between the Organization of the Petroleum Exporting Countries and several other oil-producing nations, the country
Naija News looks at the top happenings making headlines on the front pages of Nigerias national newspapers today Thursday, November 25 2021. The PUNCH leads with a report that Nigerians will spend about N6.732tn on the purchase of Premium Motor Spirit, popularly called petrol, within a period of 12 months once the Federal Government stops [] This article was originally published on Naija News

Major oil consuming nations follow drastic US move

07:13am, Wednesday, 24'th Nov 2021 Russia Today
A number of the worlds largest oil consuming countries have announced the release of strategic oil reserves in a joint effort with Washington to curb rising gasoline prices. Read Full Article at RT.com

S.Korea''s import value surges 39 pct in October on expensive crude oil

06:55am, Wednesday, 24'th Nov 2021 Big News Network
SEOUL, Nov. 24 (Xinhua) -- South Korea''s import value surged last month on expensive crude oil, central bank data showed Wednesday. The import value index stood at 150.27 in October, up 39.0 percent from a year ago, according to the Bank of Korea (BOK). It has continued to grow for 11 straight months since December last year due to a higher price for global crude oil. The import value for coal and

Petrol, diesel prices static as global oil situation under watch

06:42am, Wednesday, 24'th Nov 2021 Buziness Bytes
New Delhi, Nov 24 (IANS) Oil marketing companies have continued to provide relief to consumers from rising fuel prices post revision of duties by the central and state governments on Diwali eve. Accordingly, petrol and diesel prices remained static for the 20th consecutive day on Wednesday under the daily price revision mechanism followed by oil [] The post Petrol, diesel prices static as global oil situation under watch appeared first on Buziness Bytes .

Oil prices show slight multidirectional dynamics

05:26am, Wednesday, 24'th Nov 2021 Report AZ
World oil prices on Wednesday morning showed a slight multidirectional dynamics after rising on Tuesday, according to trading data.

Sibal attacks govt over rise in prices of fuel, vegetables

05:22am, Wednesday, 24'th Nov 2021 Buziness Bytes
New Delhi, Nov 24 (IANS) Congress leader Kapil Sibal on Wednesday attacked the Centre over the inflation, and said it has reached milestones in price graphs. Sibal said in a tweet, Price graphs Price: petrol: Rs 103 per litre diesel: Rs 83 per litre tomatoes: Rs 85 to Rs 125 per kilo Signal milestones! Acchhe [] The post Sibal attacks govt over rise in prices of fuel, vegetables appeared first on Buziness Bytes .
Here''s a really quick video take from CNBC, an interview with Jeff Currie, global head of commodities research at Goldman Sachs. I posted earlier on the GS response: By Eamonn Sheridan

India, others release oil from reserves to force OPEC+ to restore output

02:57am, Wednesday, 24'th Nov 2021 The Financial Express
Putting pressure on large oil producers, New Delhi had earlier cut shipments from Saudi Arabia by a quarter.

Japan PM Kishida: Country to release oil from reserves

02:43am, Wednesday, 24'th Nov 2021 FXStreet
In a part of joint efforts with the US and other countries, the Japanese Prime Minister Fumio Kishida said on Wednesday, his country plans to release
A number of Vancouver Island organizations have taken measures to reduce gas consumption in light of the supply issues facing B.C.s southwest. It comes as the Trans Mountain pipeline remains out of commission and a Lower Mainland gas refinery has paused for lack of crude oil. But in Nanaimo, you may be hard-pressed to realize [] The post School districts and sport leagues on Vancouver Island reduce gas use appeared first on CHEK .
The Department of Energy will release 50 million barrels of oil from the Strategic Petroleum Reserve over the next several months.
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