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The president claimed there is ''mounting evidence of anti-consumer behavior by oil and gas companies''

US reduces strategic petroleum reserve deposits by 3.2M barrels

03:38pm, Wednesday, 17'th Nov 2021 Forexlive
EIA reports - US reduces stocks and strategic petroleum reserve by 3.2 million barrels and later this week - The reserves are now at the lowest level since June 2003 Yesterday the acting head of the EIA said that any release from the US strategic petroleum reserve (SPR) would have only short-lived impact on oil markets. By Greg Michalowski

Belarus announces temporary closure of oil pipeline to EU

12:12pm, Wednesday, 17'th Nov 2021 Big News Network
Belarus has announced ?unscheduled repairs? are needed on a branch of the ?Friendship? pipeline carrying oil supplies from Russia through the country to a number of EU states, insisting that maintenance work will take three days. In a statement issued on Wednesday, Russian energy export giant Transneft said supplies could face short-term disruption. Spokesman Igor Demin told journalists he had be
The Antimonopoly Committee said it had identified cases of manipulation in the rise in petrol prices. The deputy chairman of the committee said that necessary measures would be taken and that there would be a change in prices in the next 10 days..
Residents in Southeastern Nigeria paid the highest average prices of Premium Motor Spirit (PMS), commonly known as petrol, in the month of October, at N167.32 per litre, while the Northeast paid the least average price at N164.46. This was disclosed by the National Bureau of Statistics (NBS) in its “Premium Motor Spirit (Petrol) Price Watch […]

Tehran reports explosion at oil pipeline in southern Iran

09:26am, Wednesday, 17'th Nov 2021 Arab News Japan
Arab NewsDUBAI: Tehran has reported an explosion at an

FG Blames Theft, Insecurity, Others As Oil Production Plunges

09:10am, Wednesday, 17'th Nov 2021 Inside Business Nigeria
The Federal Government has said the crude oil production in the country declined to an average of 1.6 million barrels per day this year on the back of theft and insecurity, among other factors. The government, through the Nigeria Upstream Petroleum Regulatory Commission, one of the two new regulators in the nations oil and gas [] The post FG Blames Theft, Insecurity, Others As Oil Production Plunges appeared first on InsideBusiness - Business News in Nigeria .

Report: Explosion hits oil pipeline in southern Iran

08:11am, Wednesday, 17'th Nov 2021 Breaking the News 24/7
An oil pipeline in Ramis, a village in Iran''s Khuzestan Province, suffered an explosion, Tasnim News Agency reported on Wednesday. The blast was said to have created a series of small tremors tha

Equities: Oil, gas investors gain N29bn

05:25am, Wednesday, 17'th Nov 2021 New Telegraph
Oil and gas firms listed on the main and premium boards of the nations equity market reported a gain of about N28.710 billion during the month of October 2021. Checks by New Telegraph revealed that the oil and gas sub-sector earned N29.710 billion or 4.77 per cent to close at N630.363 billion in market capitalisation []

Petrol, diesel prices steady amid drop in global crude rates

05:25am, Wednesday, 17'th Nov 2021 Sify.com
New Delhi: Consumers continue to get relief from rising fuel prices with oil marketing companies (OMCs) keeping pump prices of petrol and diesel unchanged post revision of duties by the state governments on Diwali eve. Accordingly, their prices remained static for 13th consecutive day on Wednesday under the daily price revision mechanism followed by oil marketing companies. The pump price of petrol in Delhi, which fell to Rs 103.97 a litre at 6 a.m. on the Diwali day on November 4 from previous day''s Rs 110.04 a litre, remains the same. The diesel rates also remained unchanged in the capital at Rs 86.67 a litre. In the financial capital Mumbai, petrol continues to be priced at Rs 109.98 a litre and diesel Rs 94.14 a litre. Fuel prices remained static in Kolkata also with petrol being sold at Rs 104.67 a litre after being slashed by Rs 5.82 and diesel at Rs 89.79 per litre after reduction of 11.77 per litre in the first week of November. Petrol prices in Chennai also continues to be Rs 101.40 per litre and diesel Rs 91.43 per litre.
Following the major legislative feat in signing the bipartisan infrastructure bill into law, US President Joe Biden is also tackling other key issues that address the tribal communities in the country this week. Biden
Petrol and diesel prices have remained steady for the 14th straight day after the Centre lowered excise tax on fuel to bring retail rates down from record highs.

Rising US Production, Potential SPR Release Weighs on Sentiment

02:26am, Wednesday, 17'th Nov 2021 FXNews24
Crude Oil, US Production, SPR, EIA Talking Points Oil prices move lower as United States production and stocks increase A potential SPR release looms, while traders eye the EIA inventory report Technical outlook sees potential drop to the 50-day Simple Moving Average Crude oil prices are on track to drop nearly 2% this week as [] The post Rising US Production, Potential SPR Release Weighs on Sentiment appeared first on UK Stocks, Forex, Commodities, Crypto, Live Market News- Daily Forex News .

Navajo Nation opposes Biden''s drilling ban at Chaco Canyon, wants smaller buffer

12:55am, Wednesday, 17'th Nov 2021 United Press International
The Navajo Nation said Tuesday that it disagrees with the Biden administration''s proposal to ban oil and gas drilling within a 10-mile radius of Chaco Canyon in New Mexico, and instead prefers a smaller buffer.

Petrol and diesel to be cheaper in Rajasthan from midnight

11:29pm, Tuesday, 16'th Nov 2021 Zee News
The prices of petrol and diesel are going to decrease in Rajasthan from midnight as the state government has decided to cut VAT on them.
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