Global petrol prices news digest

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20-Jan-2020

USA: EIA expects U.S. energy-related CO2 emissions to decrease annually through 2021
20-Jan-2020 by U.S. Energy Information Administration
In its latest Short-Term Energy Outlook (STEO), released on January 14, the U.S. Energy Information Administration (EIA) forecasts year-over-year decreases in energy-related carbon dioxide (CO2) emissions through 2021. After decreasing by 2.1% in 2019, energy-related CO2 emissions will decrease by 2.0% in 2020 and again by 1.5% in 2021 for a third consecutive year of declines. more information
World: OPEC secretary general says oil demand has ‘upside potential’
20-Jan-2020 by CNBC
Worldwide oil demand forecasts may be lower than in previous years, but OPEC Secretary-General Mohammed Barkindo said Friday to CNBC that demand growth is still “robust” and could surprise to the upside over the course of 2020 as trade tensions subside. more information
World: Oil futures suffer a second weekly decline
20-Jan-2020 by MarketWatch
Oil futures ended with a modest gain on Friday, but registered a loss for a second week in a row as traders continued to weigh the prospects for energy demand in the wake of the China-U.S. trade deal and Senate approval of the U.S.-Mexico-Canada trade pact this week. more information
World: Crude oil price history and why wars and conflicts matter
20-Jan-2020 by Capital
Before the Industrial Revolution, agricultural products like wheat and coffee dominated the commodities market. However, things have changed, with crude oil becoming by far the most actively traded commodity available today. more information

17-Jan-2020

Kenya: Petroleum regulator raises fuel prices due to high import bill
17-Jan-2020 by Ventures
On Tuesday, Kenya’s Energy and Petroleum Regulatory Authority (EPRA) announced a hike in fuel prices. The new increase was to come into effect from 15th January and remain in force until February 14, as Kenyans are expected to pay more for the prized commodity. more information
India: Petrol, diesel prices cut for second consecutive day
17-Jan-2020 by Siasat
Fuel prices dropped for the second consecutive day on Friday as the price of petrol was cut by 14-15 paise and that of diesel by 15-16 paise across all major cities in the country. more information
Canada: Тop court rejects bid by British Columbia to regulate oil pipeline
17-Jan-2020 by BOE Report
The Supreme Court of Canada on Thursday quickly dismissed an attempt by the western province of British Columbia to regulate what can be transported in a major crude oil pipeline crossing its territory. more information
Mexico: Supreme Court rules against hiking ethanol fuel content
17-Jan-2020 by Reuters
The Mexican Supreme Court ruled against the modification of a fuel rule on Wednesday that would have allowed higher ethanol content in gasoline, similar to content rules in the United States, arguing that regulators exceeded their authority. more information

16-Jan-2020

World: Oil falls for 6th time in 7 sessions as US gasoline stock builds
16-Jan-2020 by CNBC
Oil prices on Wednesday fell after a U.S. report showed big increases in gasoline and distillates inventories and as crude production rose to a new record. more information
Ghana: Illegal activities in the petroleum sector cost US$200m yearly
16-Jan-2020 by Business Insider
Ghana’s Vice President, Dr Mahamudu Bawumia, has lamented about the high revenue loss in the petroleum sector due to illegal activities. more information
World: Oil prices fall back to multiweek lows as U.S. gasoline, distillate supplies jump
16-Jan-2020 by Market Watch
Oil futures declined Wednesday with U.S. prices at their lowest in six weeks after weekly government data revealed hefty increases in domestic supplies of gasoline and distillates. more information

15-Jan-2020

UK: Morrisons offers 5p off petrol and diesel prices
15-Jan-2020 by Mirror
Morrisons is knocking 5p-a-litre off the cost of fuel, firing the first shot in what could be the next supermarket price war. The grocer said it's making the offer to help motorists during the cash-strapped month of January, amid warnings fuel prices could rise on the back of Iran tensions. more information
Australia: Electrics and hybrids the shining lights in bleak year for petrol
15-Jan-2020 by The Driven
Perhaps 2019 could go down as the year when the transition to electric vehicles started to take shape in Australia. Like the rooftop solar industry a decade earlier, sales of electric and hybrid vehicles remain low – but there is a definite trend here and every reason to believe that the uptake of EVs will be quicker over the next decade than even that of rooftop solar over the last 10 years. more information
Russia: The country risks gasoline price surge
15-Jan-2020 by OilPrice.com
Although the Russian Government and oil companies suspended the agreement on fixing fuel prices last summer, gasoline rose in price much more slowly in 2019 than in 2018. more information

14-Jan-2020

USA: What the Iran tensions with the United States mean for gas prices
14-Jan-2020 by CNN Business
Oil prices have jumped higher after a US strike killed Qasem Soleimani, a top Iranian commander, raising tensions in the Middle East. But gasoline prices have barely budged for drivers in the United States. more information
Singapore: Petrol stations revert to previous rates as crude oil prices ease
14-Jan-2020 by The Straits Times
Singapore Petroleum Co (SPC) had resisted the latest pump price increases, which saw all the other players raising petrol and diesel prices by three cents a litre from Jan 6. more information
Mexico: There will be stability in fuel and electricity prices in 2020
14-Jan-2020 by Diariomarca.com.mx
The energy prices in the country (gasoline, diesel, gas and electricity) had stable behavior in 2019 and will continue this year. more information
India: Gasoline prices drop for the 3rd day, diesel prices are stable
14-Jan-2020 by The Media HQ
Gasoline prices continued to drop for the third consecutive day on Tuesday, but diesel prices remained stable after two days of decline.In Delhi, Kolkata and Mumbai, gasoline prices were reduced by 11 paise per liter, while in Chennai, they were reduced by 10 paise per liter. more information
Australia: Petrol prices soar by 29 cents a litre in just a week
14-Jan-2020 by Daily Mail
Petrol prices have spiked 29 cents in a week with the trend expected to continue. Average fuel prices in Sydney rose to $1.63 on Tuesday after they were recorded at $1.34 the same time last week. more information

13-Jan-2020

Zimbabwe: Zera dismisses social media fuel price hike
13-Jan-2020 by The Sunday Mail
The Zimbabwe Energy Regulatory Authority (Zera) has dismissed a fake fuel price increase notice circulating on social media. In a statement today, Zera urged members of the public to disregard the notice, adding that fuel increases are communicated via the organisation’s official communication channels through notices that bear the official stamp. more information
Greece: Fuel prices are expected to rise further due to number of factors
13-Jan-2020 by Ekathimerini
Greek authorities and the local energy market are expressing concerns about the likely rise in fuel prices in the domestic market following the standoff between the US and Iran, which has affected global oil rates. more information
St. Lucia: Fuel price adjustments
13-Jan-2020 by St. Lucia News Online
The public is hereby notified that in keeping with changes in international oil prices and government’s application of the modified market pass-through petroleum pricing mechanism, the retail price of kerosene and diesel has changed. more information

10-Jan-2020

World: Gasoline explained
10-Jan-2020 by U.S. Energy Information Administration
Gasoline is a fuel made from crude oil and other petroleum liquids. Gasoline is mainly used as an engine fuel in vehicles. Petroleum refineries and blending facilities produce motor gasoline for sale at retail gasoline fueling stations. more information
Uganda: Electricity Tariffs Reduce By 1.2 Percent
10-Jan-2020 by Allafrica.com
Domestic consumers will now pay Shs751.7 per unit from Shs752.5 last year while commercial consumers will pay Shs649.4 per unit from Shs666.1. more information
World: Greta Thunberg tells world leaders to end fossil fuel ‘madness’
10-Jan-2020 by The Guardian
Greta Thunberg and fellow youth climate campaigners are demanding that global leaders immediately end the “madness” of huge ongoing investments in fossil fuel exploration and enormous subsidies for coal, oil and gas use. more information
India: Diesel price hiked by ₹1 in 10 days
10-Jan-2020 by LiveMint
Amid volatility in crude oil prices due to geopolitical issues, the price of diesel went up by ₹1.09 a litre in the first 10 days of this month and that of petrol by 82 paise. State-run fuel retailers today increased the price of petrol by 15 paise a litre and that of diesel by 11 paise. more information

09-Jan-2020

Australia: Fuel prices set to rise, after Iran rocket attack
09-Jan-2020 by 9News
Australians should fill up their vehicles this week before petrol prices jump following today's Iranian missile strike on two airbases that house US forces in Iraq. more information
USA: Why Iran crisis is unlikely to hit US consumers hard at the gas pumps
09-Jan-2020 by The Guardian
For many older Americans the thought of war in the Middle East will trigger memories of soaring gas prices and long lines at the pumps. But as US relations with Iran sink to a new low there is, as yet, no sign of panic. more information
Mexico: Shell brings fuel to Mexico in push for 15% of retail market
09-Jan-2020 by Bloomberg
Royal Dutch Shell Plc is seeking a bigger share of Mexico’s fuel market, even as regulatory changes make it harder for foreign companies to compete. more information

08-Jan-2020

World: Oil prices rise after Iraq missile attacks
08-Jan-2020 by BBC News
Oil prices have risen after two bases hosting US troops in Iraq were hit by ballistic missiles. Brent crude was up by 1.4% at $69.21 per barrel in the middle of the Asian trade, easing back from earlier gains. more information
World: Oil prices will climb above $100 a barrel if Iran blocks the Strait of Hormuz
08-Jan-2020 by CNBC
Oil prices would skyrocket if Iran moved to completely cut off the Strait of Hormuz, energy analysts told CNBC on Wednesday. Elevated geopolitical tensions have sparked fears of a widening conflict in the Middle East, with energy market participants increasingly concerned that the fallout could soon disrupt regional crude supplies. more information
India: Petrol, diesel price see steep hike as Brent crude oil rates cross $70 mark
08-Jan-2020 by LiveMint
Petrol and diesel prices were hiked for the fifth consecutive day today as Brent crude oil rates surged more than 2% to cross the $70 mark. State-run fuel retailers today increased the price of petrol by 15 paise a litre and that of diesel by 17 paise a litre. Since January 1, petrol price has increased by 55 paise and diesel by 72 paise. more information
India: Power Consumers to see 5 paise rise in tariff
08-Jan-2020 by Economictimes.indiatimes.com
This would raise consumers’ monthly bills between Rs 5 and Rs 20 per month only for domestic consumers using between 100 units and 400 units of electricity a month. more information

07-Jan-2020

World: Crude oil tops $70 as US-Iran tensions escalate
07-Jan-2020 by CNN Business
Oil prices continued to rise Monday as tensions escalate between the United States and Iran. Futures for Brent crude, the global benchmark, gained 2.4% to reach $70.24 per barrel — the first time prices have hit that amount in more than six months. more information
World: US-Iran tension is unlikely to keep crude oil prices up, unless supply disrupted
07-Jan-2020 by The Hindu Business Line
A flare-up in US-Iran tension may be keeping oil elevated, but an actual disruption to global crude supplies is needed to keep prices at current levels, according to Goldman Sachs Group Inc. more information

06-Jan-2020

World: What will happen to oil if there is another war?
06-Jan-2020 by BBC News
Mitch Kahn remembers how, when fighting began in the second war in Iraq, prices for US crude oil spiked $10 per barrel overnight. That would have meant a profit of $50,000 if a trader had made the smallest purchasing trade possible. Or, just as big a loss if the trader had decided to sell. more information
World: Spiking oil prices have led to recessions in the past, and that’s why the stock market is on
06-Jan-2020 by CNBC
The latest flare-up in U.S.-Iran relations could bring about the end of the longest bull market ever if crude prices keep surging, slowing an already fragile global economy even further. more information
Nigeria: NERC approves 78% hike in electricity tariffs
06-Jan-2020 by www.newtelegraphng.com
The various tariff reviews for all categories of consumers — except those consumers classified as residential (R1) — ranged from 59.7 per cent for consumers in Ikeja to 77.6 per cent in Enugu. more information
World: 2020 will be a crucial year for oil
06-Jan-2020 by OilPrice.com
It’s the start of a new year and a new decade, and the oil market is as unpredictable as ever. Will OPEC+ extend its cuts? Will U.S. shale finally grind to a halt? Is this the “year of the electric vehicle”? Here are 10 stories to watch in 2020. more information

03-Jan-2020

Singapore: Electricity tariffs to rise 3.5% in first quarter of 2020
03-Jan-2020 by www.straitstimes.com
It is the highest increase since October-December 2014, when it was 25.28 cents before GST. more information

31-Dec-2019

Namibia: No fuel price increase come January
31-Dec-2019 by The Namibian
According to an announcement made by the ministry's executive director, Simeon Negumbo, the seven months of no fuel price adjustment were not because the adjustments were not warranted but that the government is trying to support the struggling economy. more information
South Africa: Petrol price for January 2020
31-Dec-2019 by The South African
By all accounts, 2019 was a tough year for the motorists of Mzansi. Nine separate petrol price increases hit road users in their pockets, as a 16% yearly rise in fuel costs was felt keenly. However, it seems that there will be a much brighter start to 2020 for us all, and South Africa is beginning the year in charitable spirit. more information
Australia: Why petrol prices will surge by 23% to $1.70 a litre just in time for 2020
31-Dec-2019 by Daily Mail
Australian motorists are set to be stung in the New Year as the highest global crude oil prices in three months make petrol more expensive. Unleaded prices are tipped to surge by 23 per cent back to $1.70 a litre in January - undoing the relief at the bowser leading up to Christmas. more information
USA: EIA expects U.S. energy-related CO2 emissions to fall in 2019
31-Dec-2019 by U.S. Energy Information Administration
After a 2.7% increase in U.S. energy-related carbon dioxide (CO2) emissions in 2018, EIA’s July Short-Term Energy Outlook (STEO) forecasts a 2.2% decrease in CO2 emissions for 2019. Nearly all of the forecast decrease is due to fewer emissions from coal consumption. Forecast natural gas CO2 emissions increase and petroleum CO2 emissions remain virtually unchanged. more information

23-Dec-2019

USA: In 2018, the United States consumed more energy than ever before
23-Dec-2019 by U.S. Energy Information Administration
Primary energy consumption in the United States reached a record high of 101.3 quadrillion British thermal units (Btu) in 2018, up 4% from 2017 and 0.3% above the previous record set in 2007. The increase in 2018 was the largest increase in energy consumption, in both absolute and percentage terms, since 2010. more information
Saudi Arabia: Aramco's IPO and oil prices
23-Dec-2019 by Oil-Price.net
Oil giant Saudi Aramco's IPO had been in the offing for quite some time. What did cause the delay? We take a detailed look. more information

19-Dec-2019

World: Water-powered cars - how do they work?
19-Dec-2019 by AZO Cleantech
The name ‘water-powered’ cars is misleading. The power to move the vehicle actually comes from the burning of hydrogen, which is derived through electrically splitting water molecules into hydrogen and oxygen gases through electrolysis. more information
World: Five things to watch in the oil industry for 2020
19-Dec-2019 by Financial Times
The oil market’s biggest nightmare briefly came true in 2019 — an attack that knocked out more than half of all production in Saudi Arabia, the world’s biggest crude exporter. more information
Mexico: Growing fuel market just got less competitive
19-Dec-2019 by RigZone
Mexico just made it harder for foreign companies to compete in its nascent fuel market.Two rules designed to facilitate private investment in the energy sector were rolled back this week, in a move reflective of President Andres Manuel Lopez Obrador’s opposition to his predecessor’s free-market reforms. more information

18-Dec-2019

World: Why oil traders are more bullish on 2020
18-Dec-2019 by OilPrice.com
Optimism among oil traders is rising despite mixed signals from the world’s top oil consumers, largely thanks to signs that pressure is easing between Washington and Beijing and the latter’s record-breaking oil imports. more information
Canada: Save by filling up on the best day of the week to buy gas
18-Dec-2019 by GasBuddy
Canadians will have collectively spent more than $54 billion this year on gas, and with the new year just around the corner, GasBuddy, the smartphone app helping consumers avoid paying full price for fuel, today released a new study that found the best and worst days of the week to buy gas to maximize savings in 2020. more information
Mexico: Pemex freed from rules governing wholesale fuel pricing
18-Dec-2019 by Mexico News Daily
Pemex can now sell wholesale gasoline and diesel at any price it wishes after the Energy Regulatory Commission (CRE) revoked a year-old regulation that essentially restricted the state oil company from selling below cost or well above market prices. more information
World: Oil prices stay little changed as inventories dip
18-Dec-2019 by Investing
Oil prices remained little changed in afternoon trading Wednesday as the official government inventory statistics came in about in line with forecasts. WTI futures was basically unchanged, down 2 cents at $60.85. more information

17-Dec-2019

Luxembourg: Fuel prices to go up in 2020
17-Dec-2019 by The Brussels Times
Fuel prices will go up in Luxembourg next year, the Government of the Grand Duchy announced on Monday, explaining that the increase is aimed at enabling the country to meet its CO2-reduction goals. more information
Average electricity prices in Baltic States down 10%
17-Dec-2019 by bnn-news.com
Price decline was largely dictated by lower raw material prices and nearly two-times higher wind turbine power output. more information
Germany: The country plans price hike for CO2 emissions
17-Dec-2019 by Deutsche Welle
Global warming-causing carbon emissions are reportedly set to more than double in price. It's a step in the right direction, say some climate activists, but others say the compromise still falls short of demands. more information
Iran: Amnesty says Iran protests death toll now at 304, will rise further
17-Dec-2019 by VOA
Amnesty International says its documented death toll from Iran’s recent anti-government protests will rise again from the group’s latest report that at least 304 demonstrators were killed by security forces. more information
USA: Gas prices are 17 cents higher than at this time last year
17-Dec-2019 by Consumer Affairs
Motorists planning holiday road trips will likely find stable fuel prices along the way, but prices are significantly higher than at this time last year. more information

16-Dec-2019

Video: U.S., China reach phase one deal
16-Dec-2019 by Bloomberg Politics
The U.S. and China have agreed to the first phase of a broader trade deal, bringing a temporary calm to their escalating trade war. The 86-page agreement includes chapters on intellectual property, technology transfers and expanding China’s import of U.S. agricultural goods. more information
Australia: Petrol prices to skyrocket to a 15-year high
16-Dec-2019 by Daily Mail
Petrol prices in one Australian city have skyrocketed to a 15-year high even though crude oil prices have fallen. Brisbane motorists have been slugged during the past week with average unleaded prices soaring by 26 cents to 168.3 cents a litre. more information
Malaysia: Petronas to award more jobs in next three years
16-Dec-2019 by The Edge Markets
etroliam Nasional Bhd (Petronas), the locomotive of the domestic oil and gas (O&G) industry, is expected to award more jobs in the next three years, bringing hope that the recovery of the domestic O&G industry, hit hard by the severe downturn, could be gaining strength. more information
World: Crude oil futures inch lower as trade deal optimism fades
16-Dec-2019 by S&P Global Platts
Crude oil futures were marginally lower during mid-morning trade in Asia Monday, moving within a tight range as optimism from the US-China trade deal faded. Market participants were now looking for more clarity on the details of the trade deal. more information

12-Dec-2019

Europe: Diesel margins sag before new shipping fuel rules
12-Dec-2019 by Hellenic Shipping News
European diesel refining profit margins have tumbled as a slowing global economy has hit fuel demand harder than forecast despite expectations of a boost from new fuel shipping rules. more information
USA: This week in petroleum
12-Dec-2019 by U.S. Energy Information Administration
Crude oil held in pipelines (pipeline fill) in the United States grew from 75 million barrels in March 2011, the earliest data available, to nearly 124 million barrels in September 2019, a 64% increase, according to the U.S. Energy Information Administration’s (EIA) Working and Net Available Shell Storage Capacity report. more information
World: 23rd World Petroleum Congress announces first round of plenary speakers
12-Dec-2019 by World Oil
he World Petroleum Council announced the first round of speakers scheduled for the 23rd World Petroleum Congress (WPC), to be held in Houston, December 6-10, 2020. more information

11-Dec-2019

USA: Gasoline, rents lift U.S. consumer inflation in November
11-Dec-2019 by Reuters
U.S. consumer prices increased solidly in November, which together with labor market strength could support the Federal Reserve’s intention to keep interest rates steady indefinitely after reducing borrowing costs three times this year. more information
World: EIA raises oil price forecast again
11-Dec-2019 by RigZone
The U.S. Energy Information Administration (EIA) has raised its Brent oil price forecast for the second time in a row, the organization’s latest short-term energy outlook (STEO) has revealed. more information
India: Fuel demand growth hits 23-month high in November
11-Dec-2019 by The Economic Times
India's fuel demand grew by 10.5% in November from a year earlier, its fastest pace since January 2018, driven by higher consumption of transport fuels gasoil and gasoline, and cooking gas. more information
World: Extreme weather seen impacting oil prices in 2020 as well as geopolitics
11-Dec-2019 by MarketWatch
Extreme weather events may have as much impact on world oil supply, demand and prices as geopolitical risks in 2020, according to S&P Global Platts annual outlook. more information

10-Dec-2019

Brazil: Despite climate concerns, the country will expand coastal oil drilling
10-Dec-2019 by AlJazeera
Brazil will push to expand oil drilling in its massive "pre-salt" oil and gas area off its coast in spite of growing global concerns about climate change, the country's energy minister told Reuters on Monday. more information
Saudi Arabia: The country isn’t getting bullish about oil for 2020 budget
10-Dec-2019 by Bloomberg
A year after a rare bullish call on oil, Saudi Arabia isn’t counting on much of an uplift from crude prices in 2020. more information
Oman: 2020 crude oil premiums mostly unchanged from this year
10-Dec-2019 by Reuters
Buyers of Oman crude oil have completed 2020 supply deals with premiums mostly unchanged from this year’s prices, despite deeper output cuts planned by OPEC+ producers and U.S. sanctions on Iran and Venezuela, trade sources told Reuters on Monday. more information
World: Remarks by the President of the OPEC Conference
10-Dec-2019 by Organization of the Petroleum Exporting Countries
Delivered by HE Manuel Salvador Quevedo Fernandez, Venezuela's People’s Minister of Petroleum and President of the OPEC Conference 2019, at the 7th OPEC and non-OPEC Ministerial Meeting, 6 December 2019, Vienna, Austria. more information

09-Dec-2019

India: Petrol price touch new year high
09-Dec-2019 by LiveMint
Petrol price has once again started to inch upwards and is now at a year high level. The price of petrol has so far gone up by 9 paise a litre while that of diesel has risen sharply by 26 paise a litre. more information
World: Crude oil futures consolidate post-OPEC meet, looks to US-China deal
09-Dec-2019 by S&P Global Platts
Crude oil futures ticked lower during mid-morning trade in Asia Monday, amid mild profit-taking within a tight range following the OPEC meeting. Market participants' are currently looking out for development around the US-China trade deal to provide price direction. more information
Electricity prices are set to FALL across Australia - saving some customers up to $278 a year
09-Dec-2019 by www.dailymail.co.uk
Annual bills during the financial year 2018/2019 reached $1370 and have been calculated to fall to $1273 by June 2022. more information
China: November crude oil imports hit record high as refiners race to use up quotas
09-Dec-2019 by Reuters
China’s crude oil imports hit a record high on a daily basis in November, as refiners operated at high run rates to use up annual import quotas. The world’s top oil buyer imported 45.74 million tonnes of crude, equivalent to 11.13 million barrels per day (bpd), according to data released by the General Administration of Customs on Sunday. more information
The Philippines: Oil firms slash prices of gasoline, kerosene
09-Dec-2019 by Manila Standard
Oil players are expected to cut pump prices this week by as much as P0.40 per liter effective Tuesday due to the movement of prices in the world market. Pilipinas Shell Petroleum Corp. announced it will slash prices by P0.40 per liter and gasoline and kerosene. There will be no price movement for diesel. more information

06-Dec-2019

New Zealand: AA warns motorists not to expect major drop in petrol prices
06-Dec-2019 by RNZ
Motorists are being told not to expect a major drop in petrol prices across the country, and not any time soon either, after the government's vow to drive them down. more information
Egypt: The country to increase crude oil production, sign new agreements (Oil Minister)
06-Dec-2019 by Egypt Independent
Egypt’s government will increase crude oil production to bridge declining domestic consumption through developing systems and procedures, offering bids, and signing petroleum agreements, said Egypt’s Minister of Oil and Mineral Water Tarek al-Molla during a technical conference on improving the efficiency of research and exploration operations on Sunday. more information

05-Dec-2019

India: Why diesel demand is contracting
05-Dec-2019 by Live Mint
India's demand for diesel is slowing as the country's car fleet shifts predominantly to petrol, trucks get more efficient and solar pumps displace diesel-fed units across the countryside. more information
UK: Petrol prices fall for fourth month in a row but experts warn fuel is still overpriced
05-Dec-2019 by This is money
The average price of petrol fell for the fourth consecutive month in November with supermarket fuel price wars and declining diesel costs benefiting the nation's drivers. Both unleaded and diesel prices fell on average by around half a penny during the eleventh month, according to the RAC's data. more information
World: OPEC+ looks to reduce crude oil output by an extra 500,000 barrels a day
05-Dec-2019 by MarketWatch
The Organization of the Petroleum Exporting Countries and their allies are expected to announce an agreement to reduce crude oil output further this week, even as the group, collectively known as OPEC+, struggles to see full compliance from all of its members. more information

04-Dec-2019

South Africa: The official petrol price for December
04-Dec-2019 by BusinessTech
The Department of Energy has published the official fuel price changes for December, showing a price hike for petrol and a price drop for diesel users this festive season. The main driver for the price hike in petrol is due to increased costs of international petroleum products, which added 16 cents to the price. more information
World: Oil rises before OPEC+ meet, lifted by drop in US crude stocks
04-Dec-2019 by CNBC
Oil prices rose on Wednesday ahead of a meeting of OPEC and its allies to discuss whether to extend production curbs to support the market, while industry data showing that U.S. crude stockpiles fell more than expected helped to lift prices. more information
Germany: Volkswagen headquarters raided again over diesel scandal
04-Dec-2019 by The New York Times
German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal. more information
Taiwan: Five things you should know about “motorbike electrification”
04-Dec-2019 by The News Lens
In recent years, many countries have actively promoted electrification transportation vehicles, indicating the electrification of vehicles has become a global trend of the future. While the world is promoting electric vehicles, Taiwan’s government is also trying to keep up, even proclaiming “banning the sales of gasoline motorbikes by 2035” and actively promoting various electric scooter transformation guidance plans, hoping to lead Taiwan’s motorbikes to keep up in line with industrial trends. more information

03-Dec-2019

Iran: 208 killed amid protests over rising gasoline prices and subsequent crackdown by security forc
03-Dec-2019 by Firstpost
At least 208 people in Iran have been killed amid protests over sharply rising gasoline prices and a subsequent crackdown by security forces, Amnesty International said Monday, as one government official acknowledged telling the police to shoot demonstrators. more information
Indonesia: Government adds 1.5 million kl to this year’s subsidized diesel quota
03-Dec-2019 by The Jakarta Post
To avoid exceeding this year’s subsidized diesel distribution quota, the government has moved to increase the limit from 14.5 million kiloliters (kl) to 16 million kl. State-owned oil company Pertamina president director Nicke Widyawati told lawmakers in Jakarta on Thursday that the government had increased the subsidized diesel quota as the initial limit was expected to be surpassed this month. more information
Serbia: Electricity price goes up by 3.9%
03-Dec-2019 by www.serbianmonitor.com
The price of electricity has been the same for more than two years and this increase was approved by the Energy Agency which says that, even after the increase, the electricity price in Serbia is still among the lowest in the region. more information
Iran: The country rejects as 'lies' unrest death tolls given abroad
03-Dec-2019 by RFI
Iran on Tuesday rejected as "utter lies" unofficial casualty figures given for street violence that erupted last month during demonstrations against a shock decision to hike fuel prices. Protests erupted in Iran on November 15 after the announcement that petrol prices were going up by as much as 200 percent with immediate effect. more information
Saudi Arabia: Saudi raises light crude prices to Asia to six-year high
03-Dec-2019 by Reuters
Saudi Arabia raised on Monday its light crude prices for sales to Asia in January to the highest in six years, tracking gains in the Middle East crude benchmark and higher margins for light distillates last month. more information

02-Dec-2019

World: Taking the pedal off the metal
02-Dec-2019 by Energy Institute At Haas
While most of us were passed out in a tryptophan or soy induced daze on our couch, Energy Institute alum (and now fancy MIT Sloan Professor) Chris Knittel and his coauthor Shinsuke Tanaka released a really interesting and pleasantly short new working paper providing some interesting new answers. They start with a jealousy-inducing new dataset from Japan, which via a mobile phone app collected detailed micro-level information on gasoline consumption, vehicle distance traveled, and gasoline prices paid for each fill up for over 90,000 drivers for 10 years! more information
India: Government says no proposal to reduce taxes on petrol, diesel
02-Dec-2019 by The Economic Times
The government on Monday said there is no proposal to reduce taxes on petrol and diesel. Finance Minister Nirmala Sitharaman told the Lok Sabha that no where in the world do the prices of petrol and diesel remain steady for a particular period of time. more information
UAE: The country hikes petrol prices for December after three months of cuts
02-Dec-2019 by Gulf Business
The UAE has hiked petrol prices for December, following three consecutive months of rate cuts, it was announced on Thursday. The prices have been fixed at Dhs2.24 per litre for Super 98 petrol, down 1.8 per cent from November (and at the same rate as October), while one litre of Special 95 will cost Dhs2.12, up 1.4 per cent compared to the previous month. more information
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