Global petrol prices news digest

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16-Aug-2019

Oil slides 1.4% on recession fears, China’s trade threats
16-Aug-2019 by CNBC
Oil prices fell more than 1% on Thursday, extending the previous session’s 3% drop, pressured by mounting recession concerns and a surprise boost in U.S. crude inventories. more information
How does Ukrainian electricity market work?
16-Aug-2019 by 112.international
By analogy with the gas market, the current tariff for consumers has split into three main components: the direct cost of electricity, the tariff for transportation by networks and distribution charges. more information
More charging stations than petrol stations in the UK
16-Aug-2019 by Driving Electric
There are now more electric-car charging locations than there are petrol stations in the UK, according to data sourced by Nissan from the Energy Institute and the online charging-point map Zap-Map. more information
Gibraltar denies it is about to free captured Iranian tanker
16-Aug-2019 by The Guardian
Confusion swirled over a possible breakthrough in the tanker standoff in the Middle East on Tuesday after Gibraltar scotched Iranian media reports that an Iranian tanker was due to be released. more information

15-Aug-2019

UK: Winter electricity and gas bills fall as Ofgem lowers price cap
15-Aug-2019 by www.theguardian.com
Regulator’s decision means drop of £75 for about 11m UK households more information
Petrol strike hits Portugal during tourist peak
15-Aug-2019 by Energy Reporters
Almost a third of the 3,003 Portuguese petrol stations had little or no fuel yesterday (Wednesday) as a strike by truck drivers over pay entered its third day during Portugal’s peak tourist season. more information
US-China trade war weakening demand for oil
15-Aug-2019 by ABC News
The trade war between the United States and China and a broader decline in world economic growth are weakening the demand for oil and pushing prices down, the International Energy Agency said Friday. more information

14-Aug-2019

Trafigura in ship fuel venture with Frontline, Golden Ocean
14-Aug-2019 by Reuters
Commodities trader Trafigura is joining forces with shipping firms Frontline (FRO.OL) and Golden Ocean (GOGL.O) to supply marine fuel ahead of a shake up in regulation which could disrupt delivery and cause prices to spike. more information
Disruption in global crude oil production spooks refiners, shippers
14-Aug-2019 by Business Times
The global oil sector is struggling with unpredictability in supply and demand, but one big thing that is expected to make refineries and exporters paranoid is this: the new set of policies that will limit the usage of sulfur-laced fuels in shipping. more information
World’s biggest oil tanker sails for fuel-storage zone
14-Aug-2019 by Hellenic Shipping News
The world’s biggest oil tanker has begun a 12,400-mile voyage to a fuel-storage zone in Asia, the latest movement of a vessel that’s intrigued the shipping market and fuel traders for months. more information

13-Aug-2019

Fuel strike in Portugal now affecting Spain
13-Aug-2019 by The Portugal News
The fuel truck drivers strike in Portugal has had a knock on effect in Spain with long queues at Spanish filling stations as driver cross the border for fuel. more information
Spain now has 900 unmanned petrol stations
13-Aug-2019 by Petrol Plaza
Out of the 11,646 petrol stations in Spain, only 882 are fully unmmaned, accounting for 7.5% of the total. more information
Belgium: Large consumers receive money for what they consume (in French)
13-Aug-2019 by www.lesoir.be
The high figures for 2019 can be explained in part by the temporary malfunction of software on the European Power Exchange (Epex) on June 7th. As a result, no Belgian electricity could be sold in the Netherlands, France and the United Kingdom. The price of electricity on June 8 had fallen sharply, to an extraordinary value of -500 euros per megawatt hour. more information
Portugal cracks down on fuel strike
13-Aug-2019 by Politico
The Portuguese government triggered civil requisition measures and ordered striking fuel-tanker workers to return to work in some parts of the country Monday, after over a third of petrol stations ran completely or partially dry. more information

12-Aug-2019

Portuguese petrol stations run dry ahead of strike
12-Aug-2019 by Bangkok Post
Many Portuguese petrol stations were sold out Sunday after drivers rushed to fill up before a strike by fuel-tanker drivers kicks off at the height of the summer holidays. more information
Sales of electric and hybrid cars surge higher, as petrol and diesel sales slump
12-Aug-2019 by The Driven
The auto market in Australia, like overseas, is continuing to face tough times but one sector of the industry – zero and low emissions vehicles – is flourishing. more information
Fuel price hikes - world's most expensive petrol
12-Aug-2019 by Wheels 24
As South African motorists reel from ongoing petrol price hikes we look at fuel prices around the world. more information
Five reasons the car industry is struggling
12-Aug-2019 by BBC Business News
It comes as carmakers around the globe struggle with a range of challenges, while consumers are buying fewer cars. So what's holding manufacturers back? more information

08-Aug-2019

Only 34% of Singapore households switched electricity retailer even though there are cheaper options
08-Aug-2019 by Mothership.sg
One cited reason for not switching retailers is consumer uncertainty about new players and whether they can provide a consistent supply of electricity. more information

06-Aug-2019

India: Delhi power regulator reduces fixed electric charges, raises energy rates
06-Aug-2019 by www.business-standard.com
As per the new rates, the fixed charges up to 2 kilowatts (kW) has been reduced from Rs 125 to Rs 20, while the charges above 2 kW but less than 5 kW has been slashed from RS 140 to Rs 50. more information

05-Aug-2019

Oil prices could crash by $30 if China buys Iranian crude
05-Aug-2019 by CNBC
Crude oil prices could sink by as much as $30 a barrel if China decides to buy Iranian crude oil in retaliation to the latest U.S. tariff measures, according to Bank of America Merrill Lynch. more information
China remains largest importer of Omani crude oil
05-Aug-2019 by Times of Oman
China continues to be the largest importer of Omani crude oil and condensates, government data has revealed. more information
Zimbabwe government hikes electricity tariffs by up to 500%
05-Aug-2019 by www.businesslive.co.za
The country is without electricity for up to 18 hours a day, and the hike is expected to further push up inflation more information
Australia in talks with US over oil supply
05-Aug-2019 by https://7news.com.au/politics/australia-in-talks-with-us-over-oil-supply-c-382611
Car and truck drivers are split over a plan to access millions of barrels of oil from America's emergency reserves to boost Australia's supplies. more information

02-Aug-2019

Electricity market liberalization lowers prices by 32% in North Macedonia
02-Aug-2019 by Balkangreenenergynews.com
The price they paid before January 1 and market liberalization was EUR 150 per MWh or about MKD 9 per kWh. more information

31-Jul-2019

Enterprise Products in deal with Chevron to develop crude oil port
31-Jul-2019 by Reuters
Pipeline operator Enterprise Products Partners LP (EPD.N) signed long-term agreements with Chevron Corp (CVX.N) that advance its proposed offshore crude project in the U.S. Gulf of Mexico, the companies said on Tuesday. more information
Crude oil futures rise on bullish US stock data, geopolitical risks
31-Jul-2019 by S&P Global Platts
Crude oil futures were higher during mid-morning trade in Asia Wednesday, amid a draw reported in US crude stocks last week and ongoing geopolitical risks in the critical Strait of Hormuz that was causing supply concerns. more information
Zimbabwe: Industry gives nod to power tariff hike
31-Jul-2019 by Allafrica.com
The private sector has said it is ready to pay a cost reflective power tariff of up to the equivalent of US$0,14 per kilowatt-hour to guarantee constant supply of electricity in the county. more information
Petrol prices in UAE revised for August
31-Jul-2019 by Khaleej Times
Motorists across the UAE will have to pay more to fill up their fuel tanks as petrol prices are set to increase for the month of August. more information

30-Jul-2019

Zimbabwe: The far reaching effects of fuel price increases
30-Jul-2019 by The Standard
Every driver’s nightmare has become securing fuel and getting it at an affordable price. more information
Russia: Putin inks law on fuel ‘damping’ correction
30-Jul-2019 by TASS
Russian President Vladimir Putin signed the law introducing corrections since July 1, 2019 into the currently used ‘damping’ mechanism for stabilization of gasoline and diesel fuel prices. more information
South Africa: AA predicts petrol price hike & diesel price drop for August
30-Jul-2019 by EWN
Fuel prices for August are set for changes, with predictions that the petrol price would go up and the diesel price would come down. more information
Australia: The new electricity boom: renewable energy makes staggering leap but can it last?
30-Jul-2019 by www.theguardian.com
Nearly 3.5 gigawatts of large-scale clean energy projects were built in 2018.It is three time more compared to the previous record for renewable energy installed in one year, set in 2017. more information
Soaring fuel prices and stagnant wages squeeze Zimbabweans
30-Jul-2019 by AlJazeera
Wages are falling further behind fuel prices, heaping pain on professional drivers and motorists in Zimbabwe. more information

29-Jul-2019

Fuel prices in Taiwan to be cut for 2nd consecutive week
29-Jul-2019 by Focus Taiwan
Taiwan's two major fuel suppliers on Sunday announced a drop in fuel prices for the coming week, citing a slowdown in China's economic growth in the second quarter. more information
China exports gasoline to Mexico, Nigeria amid overflowing output
29-Jul-2019 by Reuters
China will ramp up gasoline exports in July and August to near record levels with cargoes moving to Mexico and Nigeria as refiners seek outlets for their fuel amid a wave of new production and slowing domestic demand. more information
Philippines: Fuel price adjustments set tomorrow
29-Jul-2019 by PhilStar Global
Petroleum companies are rolling back gasoline prices but are raising diesel and kerosene prices tomorrow. more information

26-Jul-2019

Paraguay: There will be no increase in the price of electricity (in Spanish)
26-Jul-2019 by www.ip.gov.py
The national government said Thursday that there will be no increase in the electricity tariff in Paraguay after the signing of the bilateral act with Brazil. more information

25-Jul-2019

China fuel exports cast shadow over Asian refining outlook
25-Jul-2019 by Reuters
Higher fuel exports from China loom as the major threat to an otherwise fairly positive outlook for crude oil refiners across Asia, who have seen margins recover ahead of significant changes to the shipping industry. more information
Air traffic at Amsterdam still disrupted after fuel outage
25-Jul-2019 by EuroNews
Air traffic at Amsterdam Schiphol airport was still disrupted on Thursday after an outage at its main fuel supplier left thousands of passengers stranded at the airport the day before. more information
Food and fuel running out on Russian vessel detained in North Korea
25-Jul-2019 by TASS
Food, water and fuel are running out on the Russian vessel detained by North Korea, a spokesman for the operating Northeastern Fishing Company told TASS on Thursday. more information

24-Jul-2019

The hot new fuel that could bring jobs and growth back to Canada’s oilpatch
24-Jul-2019 by Financial Post
A rig crew in late November 2018 arrived on a patch of prairie near Torquay, Sask., in the heart of the province’s most active oilfield to drill the deepest well in provincial history at 3,530 metres. more information
The UK is spending billions on overseas fossil fuel projects
24-Jul-2019 by New Scientists
The UK gave £4.6bn to overseas fossil fuel projects between 2010 and 2017, which campaigners say is incompatible with the country’s climate and development goals. more information
Engineering new fuel and oil to help win Formula One races
24-Jul-2019 by Engineering & Technology
E&T spoke to trackside analysts at Shell during the British Grand Prix about developing fuels and oils for Formula One (F1) team Scuderia Ferrari and the importance of analysing these to meet regulations put in place by the Fédération Internationale de l’Automobile (FIA). more information
Macau: CEM to offer tariff reduction to some users
24-Jul-2019 by Macaudailytimes.com.mo
The public commodity supplier noted that the decrease has been made possible by flexibility within the region’s energy mix. Currently, electricity in Macau is generated in a range of ways, including by natural gas, sunlight and combined cycle gas turbine. more information

23-Jul-2019

US Drilling Productivity Report
23-Jul-2019 by U.S. Energy Information Administration
The Drilling Productivity Report uses recent data on the total number of drilling rigs in operation along with estimates of drilling productivity and estimated changes in production from existing oil and natural gas wells to provide estimated changes in oil and natural gas production for seven key regions. more information
Singapore stocks up on low-sulfur fuel ahead of new shipping rules
23-Jul-2019 by Reuters
Oil traders are chartering more ships and snapping up fuel oil storage tanks in and around Singapore, the world’s top bunkering port, to stock up cleaner fuel that will meet new shipping rules coming into force next year, industry sources said. more information
E.ON UK says British energy price cap is likely to be cut by 70 pounds in October
23-Jul-2019 by www.euronews.com
The cap, which began this year, followed energy regulator Ofgem being told by parliament to set the limit after lawmakers said customers on the most commonly used standard tariffs were being overcharged for electricity and gas. more information
In new world of US oil dominance, Mideast tensions have much less impact on energy prices
23-Jul-2019 by CNBC
A different oil pricing dynamic has emerged with new supply calculations based on the U.S. as the world’s largest producer. more information
Millions of barrels of Iranian oil are piled up in China’s ports
23-Jul-2019 by Bloomberg
Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. more information

19-Jul-2019

Bulging fuel stocks put spotlight on slack oil consumption
19-Jul-2019 by Reuters
Sluggish consumption growth is depressing oil prices even as Saudi Arabia and its allies try to prop up the market by cutting their production. more information
China's refiners want tax cuts before making cleaner shipping fuel - sources
19-Jul-2019 by Euronews
Chinese oil refiners want changes to tax laws on the consumption and sale of fuel oil in order to start producing low-sulphur marine fuel when new global clean fuel rules start in 2020, four executives at Chinese oil companies said this week. more information

18-Jul-2019

U.S. generation of renewable fuel credits fall modestly in June
18-Jul-2019 by Reuters
The United States generated slightly fewer renewable fuel blending credits in June from the prior month, the Environmental Protection Agency (EPA) said on Thursday. more information
Iran grain ships stuck in Brazil without fuel due to U.S. sanctions
18-Jul-2019 by Euronews
Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States. more information
UK: E10 fuel change would cut fleet C02
18-Jul-2019 by Fleet News
Doubling the ethanol in the UK's fuel mix would cut carbon by as much as taking 700,000 cars off the roads, according to a report by the All-Party Parliamentary Group (APGG) for British Bioethanol. more information
UK: E10 fuel would significantly reduce carbon emissions, MPs conclude
18-Jul-2019 by Environment Journal
Doubling the amount of ethanol in the UK’s fuel mix would improve the UK’s air quality and reduce the UK’s greenhouse gas emissions as much as taking 700,000 cars off the road, an inquiry by MPs has concluded. more information

17-Jul-2019

UK: 'No brainer' fuel change to cut transport carbon
17-Jul-2019 by BBC News
Adding more ethanol to the UK's fuel mix would cut carbon by as much as taking 700,000 cars off the roads, according to a group of MPs. more information
UK: Sainsbury's fuel deal will give you 10p off every litre when you do a food shop
17-Jul-2019 by Mirror
Sainsbury's shoppers can get a saving on every litre of fuel they buy this week thanks to the grocer's new petrol promotion. more information
Oil fades as U.S. raises 'red flags' with slump in fuel demand
17-Jul-2019 by Bloomberg
Americans burned through a lot less gasoline and diesel fuel than expected last week, feeding into investor angst over oil demand. more information
War risk costs drag on UAE marine fuel sales, benefit Singapore
17-Jul-2019 by Reuters
Shippers trying to minimize time in the Middle East after oil tanker attacks pushed up insurance costs are scaling back purchases of marine fuels from the United Arab Emirates’ (UAE) Fujairah oil hub, trade sources said. more information
Oil falls 1.5% after US fuel inventories build
17-Jul-2019 by CNBC
Oil futures fell on Wednesday, extending a more than 3% drop in prices the previous session, after U.S. government data showed large builds in refined product stockpiles. more information

16-Jul-2019

How Egypt promotes its fuel price increase
16-Jul-2019 by Al Monitor
An Egyptian government advertising campaign paves the way for a fuel price increase for the fifth time since President Abdel Fattah al-Sisi took power — but is this in the citizens’ best interest? more information
South Africa: Fuel price hike predicted as oil prices soar
16-Jul-2019 by EWN
International oil prices, which showed a decline in the first week of July, have soared again due to concerns over international inventories and ongoing political instability in the Middle East. more information

15-Jul-2019

Trump administration freezing fuel efficiency penalties
15-Jul-2019 by Reuters
The Trump administration said late on Friday it was issuing final rules to suspend a 2016 Obama administration regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements. more information

11-Jul-2019

Zambia: Fuel Prices to Go Up?
11-Jul-2019 by AllAfrica
The Government has projected a rise in the fuel pump prices driven by the depreciation of the Kwacha and increased cost of crude oil on the international market. more information
USA: 23 states now oppose EPA fuel economy freeze
11-Jul-2019 by Green Car Reports
The number of states that oppose President Trump's efforts to freeze emissions and fuel economy standards is growing. In June last year, 16 states and Washington, DC, sued the federal government over the proposal before it was even released. more information
Ford is recalling 58,000 Focus cars because of possible fuel tank issues
11-Jul-2019 by CNN Business
The recall affects some 2012 and 2017 Focus models and some 2013-14 Focus ST models in North America. The powertrain software in some of these cars may not work properly, which could deform the fuel tank. more information
Lack of fuel causes desperation for Venezuelan farmers
11-Jul-2019 by Deutsche Welle
Without much needed fuel, farmers in Venezuela cannot transport their crops, which then rot in the field, making the desperate situation in the country even worse. more information

10-Jul-2019

The race to fuel the buses of future is on
10-Jul-2019 by Bloomberg
There’s no denying it: Oil, once the lifeblood of America’s buses and trucks, is no longer king of the fleets. Two decades ago, diesel and gasoline fueled virtually all of the country’s municipal buses. Now, they burn in less than 45%. more information
Egypt slash fuel subsidies raising petrol and diesel prices by 25%
10-Jul-2019 by Daily News
The Egyptian authorities decided to go ahead with slashing fuel subsidies on Friday, lifting petrol and diesel prices by about 25%. The price of a litre of octane 92 petrol increased to EGP 8, up from EGP 6.75. The price of octane 80 petrol and diesel fuel both increased from EGP 5.50 to EGP 6.75. more information

09-Jul-2019

Oil dives in final minutes of trading as economic woes dominate
09-Jul-2019 by Bloomberg
Oil plunged in the last few minutes of trading as economic anxiety hangs over the market. more information
U.S. crude oil production surpassed 12 million barrels per day in April
09-Jul-2019 by U.S. Energy Information Administration
U.S. crude oil production and lease condensate reached another milestone in April 2019, totaling 12.2 million barrels per day (b/d), according to EIA’s latest Petroleum Supply Monthly. more information
Malaysia: Liberalisation of electricity retail sector may result in more competitive tariffs for con
09-Jul-2019 by www.theedgemarkets.com
If the government decides to proceed with the plan, it would mean Tenaga Nasional Bhd (TNB) is no longer the sole choice for consumers in Peninsular Malaysia to buy electricity. more information

08-Jul-2019

Why are electricity prices in France set to jump (yet) again?
08-Jul-2019 by www.thelocal.fr
France's energy regulator (CRE) sets the regulated prices of electricity every six months - in winter and in summer - and this time both hikes will take place within just a couple of months of each other. more information
U.S. Refinery Capacity Report
08-Jul-2019 by U.S. Energy Information Administration
Data series include fuel, electricity, and steam purchased for consumption at refineries; refinery receipts of crude oil by method of transportation; and current and projected capacities for atmospheric crude oil distillation, downstream charge, production, and storage. more information

05-Jul-2019

KEVR Approved Electricity Prices for Customers of EVN Bulgaria from 1 July 2019
05-Jul-2019 by www.novinite.com
The increase totals 2.97% compared to the previous electricity rate more information

04-Jul-2019

USA: Refinery fire hikes gas prices just as travelers hit the road for the Fourth
04-Jul-2019 by Washington Examiner
The loss of the largest refinery on the East Coast two weeks ago due to an explosion that rocked the Philadelphia area continues to drive fuel prices up as the region is forced to replace lost gasoline supplies, indefinitely, from as far away as India. more information
Rwanda: Fuel prices ease slightly
04-Jul-2019 by All Africa
According to a communique from utility regulator, Rwanda utility Regulatory Agency (RURA), effective today, a litre of petrol will cost Rwf1,080, down from Rwf1,096. more information
Relief for Tanzania motorists as fuel prices drop for the first time in six months
04-Jul-2019 by The East African
Motorists in Tanzania will this July experience price break at the pumps for the first time since January. Energy and Water Utilities Regulatory Authority (Ewura) on Wednesday announced decreases in retail and wholesale prices for petrol, diesel and kerosene imported through the port of Dar es Salaam. more information

03-Jul-2019

UAE begins oil production from new field
03-Jul-2019 by Khaleej Times
Haliba field, located along the southeast border of the Emirate of Abu Dhabi, is a building block of ADNOC's oil production. more information
Oil plunges in worst reaction to OPEC since 2014 on demand woes
03-Jul-2019 by Bloomberg
Oil had its worst reaction to an OPEC meeting in more than four years, with prices sliding just after the cartel agreed to prolong production curbs as fears about the global economy mount. more information
OPEC 176th Meeting concludes
03-Jul-2019 by Organization of the Petroleum Exporting Countries
The 176th Meeting of the Conference of the Organization of the Petroleum Exporting Countries (OPEC) was held in Vienna, Austria, on Monday, 01 July 2019, under the Chairmanship of its President, HE Manuel Salvador Quevedo Fernandez, People's Minister of Petroleum of the Bolivarian Republic of Venezuela and Head of its Delegation. more information
South Africa: Electricity tariff hike kicks in
03-Jul-2019 by www.enca.com
The National energy regulator of South Africa (Nersa) has approved a 15.63 percent average price increase for municipalities which will be implemented on 1 July 2019. more information
Morgan Stanley cuts long-term Brent price view after OPEC supply cuts
03-Jul-2019 by Reuters
Morgan Stanley lowered its long-term Brent price forecast on Tuesday and said the oil market is broadly balanced in 2019 after OPEC and its allies including Russia agreed to extend their production cuts by even longer than expected. more information

02-Jul-2019

Saudi Aramco to restart preparations for mega IPO
02-Jul-2019 by Bloomberg
Saudi Arabia is restarting preparations for a potential initial public offering of oil giant Aramco, months after putting the planned listing on hold, people familiar with the matter said. more information
Egypt’s new electricity prices to apply starting Monday
02-Jul-2019 by Egyptindependent.com
The new tariff varies according to the consumption of citizens. Also, the increase will be 14.9 percent compared to the previous year. more information
Opening remarks by the President of the OPEC Conference
02-Jul-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, at the 6th OPEC and non-OPEC Ministerial Meeting, 2 July 2019, Vienna, Austria. more information
Gas prices jump a nickel ahead of Independence Day holiday
02-Jul-2019 by AAA
Following weeks of steady pump price declines, gas prices are starting to increase across the country. On the week, a gallon of regular unleaded is, on average, a nickel more expensive with nearly 25 states seeing an increase of a nickel or more since last Monday. more information

01-Jul-2019

Singapore: Electricity tariff to rise 6.4% in July-September to highest in nearly 5 years
01-Jul-2019 by www.channelnewsasia.com
The increase of 6.4 per cent, or 1.43 cents per kilowatt hour (kWh), from the previous quarter is mainly due to the higher cost of natural gas for electricity generation, SP Group said on Saturday. more information
Opening address to the 176th Meeting of the OPEC Conference
01-Jul-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. more information
Petroleum, natural gas, and coal continue to dominate U.S. energy consumption
01-Jul-2019 by U.S. Energy Information Administration
Fossil fuels—petroleum, natural gas, and coal—have accounted for at least 80% of energy consumption in the United States for well over a century. more information

27-Jun-2019

Myanmar announces first power tariff hike in five years
27-Jun-2019 by www.mmtimes.com
residential households and religious buildings will continue to pay the previous rate of K35 per unit, but only for up to 30 units. Consumers will be charged K50 for 31-50 units, K70 for 51-75, K90 for 76-100, K110 for 101-150, K120 for 151-200, and K125 for over 201. more information

26-Jun-2019

Israel halts fuel transfers to Gaza with arson balloon attacks on the rise
26-Jun-2019 by Jewish Telegraphic Agency
Israel halted the transfer of fuel into Gaza following a rise in arson attacks from incendiary balloons that have burned farmland and woodland in southern Israel. more information
Booster raises $56 million to deliver fuel directly to cars
26-Jun-2019 by VB
Booster, a San Mateo, California-based startup offering same-day fuel delivery service in the U.S., today announced that it’s raised $56 million in series C funding led by Invus, with participation from returning investors Conversion Capital, Madrona Venture Group, Maveron, Perot Jain LP, and Vulcan Capita and new strategic investor Enterprise Holdings. more information
China to cut retail fuel prices
26-Jun-2019 by Xinhua Net
China will reduce the retail prices of gasoline and diesel starting Wednesday, the country's top economic planner said Tuesday. more information
The human cost of Mexico's illegal fuel trade
26-Jun-2019 by Bloomberg
The illegal tapping of fuel is becoming one of Mexico's most pressing economic issues. As cartels muscle into the practice, thefts are rising—and so is the death toll: On Jan. 18, 2019, Mexico experienced its deadliest pipeline explosion. more information

25-Jun-2019

Here’s why oil's outlook could be even bleaker than expected
25-Jun-2019 by Bloomberg
As storm clouds gather over the world’s top oil-consuming region, OPEC and its allies would be advised to pay close attention as they prepare to make a key decision on output curbs early next month. more information
A steady hand on the tiller
25-Jun-2019 by OPEC
In the maritime port of Jeddah, the Kingdom of Saudi Arabia, during the holy month of Ramadan, the Joint Ministerial Monitoring Committee (JMMC) met for the 14th time with proceedings infused by the positive spirit of the month and the bonds of friendship, community and collegiality that have kept the historic ‘Declaration of Cooperation’ on an even keel. more information
Angola Energy Overview
25-Jun-2019 by U.S. Energy Information Administration
Angola is the second–largest oil producer in Africa, following Nigeria. Angola’s economy depends heavily on hydrocarbon production, making its economy vulnerable to crude oil price swings. more information
The battle for Libyan oil
25-Jun-2019 by Oil-Price.net
Not long ago, we heard of Libya's long drawn path to freedom. Remember Gaddafi and the civilian uprising in the country? The Arab spring, as it swept Libya unsparing the authoritarian Gaddafi regime, promised to have ushered in a new beginning. But eight years on, how is Libya? more information

24-Jun-2019

Oil industry players seek clear-cut rules on fuel marking system
24-Jun-2019 by Inquirer
The country’s biggest oil firms are pushing for uniform implementation of the fuel marking scheme by limiting it to their import terminals and refineries. more information
Electricity price rises capped at 2 per cent in Tasmania for 12 months
24-Jun-2019 by www.examiner.com.au
It means an average price rise of $40 for a typical residential customer, and $45 for a small business. more information
Vitol building Malaysian oil refinery to meet new low-sulphur ship fuel rules
24-Jun-2019 by Reuters
Vitol, the world’s largest independent oil trader, has started building a small oil refinery at its storage terminal in Malaysia that will provide low-sulphur fuel for ships, a senior company official said on Monday. more information
Gulf of Oman oil tanker attacks fuel maritime security demand
24-Jun-2019 by DW
Maritime security firms have seen demand soar following the attacks on oil tankers on June 13. But defending ships from allegedly involved state-backed forces such as Iran's Revolutionary Guard may not be easy. more information

19-Jun-2019

Supermarket price crash in the UK as stores slash fuel costs
19-Jun-2019 by Express
UK supermarket giants have cut the cost of fuel in the UK, making petrol and diesel cheaper to purchase. The big four supermarkets in Britain - Asda, Morrisons, Sainsbury’s and Tesco - have alls slated their fuel prices for drivers by up to 4p per litre. more information
Australia under pump to protect Middle East fuel supplies
19-Jun-2019 by Financial Review
Scott Morrison is facing calls to bolster Australia’s military contribution in the Middle East to protect oil supplies, as well as step up sanctions against Iran, as tensions between Tehran and the Trump administration escalate. more information
Iraq rocket attack: two injured in Basra compound
19-Jun-2019 by The Guardian
A rocket has landed in the compound housing the headquarters of several global oil companies, including US giant ExxonMobil, in Iraq’s southern city of Basra, wounding two local workers, police said. more information

18-Jun-2019

Japan notifies UN of suspected fuel transfers by North Korean tanker
18-Jun-2019 by Hellenic Shipping News
Japan’s foreign ministry said Tuesday it has notified the United Nations Security Council of suspected ship-to-ship fuel transfers by a North Korean-flagged tanker in the East China Sea. more information
India: Uttar Pradesh power utility proposes 25% hike in electricity tariffs
18-Jun-2019 by https://www.business-standard.com
Against the prevailing power tariff of Rs 4.90 per unit for the first 150 units of monthly consumption, UPPCL has proposed to increase the slab by more than 26 per cent to Rs 6.20 per unit. more information

17-Jun-2019

India’s flat May fuel demand points to sluggish economy
17-Jun-2019 by Hellenic Shipping News
India’s fuel demand in May was unchanged from a year earlier, preliminary government data showed on Saturday, indicating a continued slowdown in various sectors including industrial output. more information
Germany orders Opel gasoline-fueled car recall, Bild says
17-Jun-2019 by Bloomberg
Germany’s automotive regulator ordered PSA Group’s Opel unit to recall some gasoline-fueled cars because they exceed emissions limits, Bild am Sonntag reported, without saying where it got the information. more information
China: Electricity price cuts save companies 125.79 bln yuan
17-Jun-2019 by www.xinhuanet.com
China aims to lower the power tariff by another 10 percent on average for the industrial and commercial users this year, according to the annual government work report published in March. more information
ETH Zurich: carbon-neutral fuel made from sunlight and air
17-Jun-2019 by Green Car Congress
Researchers from ETH Zurich have developed a novel technology that produces liquid hydrocarbon fuels exclusively from sunlight and air and have demonstrated the entire thermochemical process chain under real field conditions. more information
Australia: Perth fuel prices to go up $10 a tank tomorrow
17-Jun-2019 by The West Australian
Perth’s average fuel price is set to increase by more than 20 cents a litre tomorrow, putting the price of an average 50 litre tank of fuel up by $10. more information

14-Jun-2019

What the Gulf tanker attacks mean for oil and gas prices
14-Jun-2019 by CNN
The oil market's relatively calm response to Thursday's alarming tanker attacks in the Gulf of Oman is very telling. more information
USA: Fuel prices vary with tax rates by state
14-Jun-2019 by EC&M
The average gasoline tax rate in the United States sat at 27.6 cents per gallon with diesel taxes averaging 27.3 cents per gallon in 2017. more information
European gasoline margins broadly stable
14-Jun-2019 by Business Recorder
Northwest European gasoline refining margins were broadly stable on Wednesday, shrugging off higher stocks in Europe and the United States. more information

13-Jun-2019

India: Electricity tariff to be revised by July end
13-Jun-2019 by www.hindustantimes.com
As keeping power tariffs low was a key poll promise of the Aam Aadmi Party (AAP), electricity charges have not been hiked in the capital in the last three years. more information
Petrobras revises timing of price adjustments for diesel and gasoline
13-Jun-2019 by Reuters
Brazilian state-run oil company Petroleo Brasileiro SA said on Wednesday that its management approved a revision in scheduling of price adjustments for diesel and gasoline in its refineries. more information
Fuel price up again in Zimbabwe
13-Jun-2019 by Bulawayo
Zimbabwe Energy Regulatory Authority (Zera) has marginally increased the price of petrol and diesel by ZWL$0,29 and ZWL$0,18, respectively, with immediate effect as the local currency continues to plunge against the United States dollar. more information
Thailand: Gasohol, biodiesel subsidies targeted Please credit and share this article with others u
13-Jun-2019 by Bangkok Post
The Energy Fund Administration Institute (EFAI) is considering terminating price subsidies for gasohol and biodiesel within three years because the existing structure interferes with the stability of local... Please credit and share this article with others using this link:https://www.bangkokpost.com/business/news/1694088/gasohol-biodiesel-subsidies-targeted. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Bangkok Post Public Company Limited. All rights reserved. more information

12-Jun-2019

South Africa: Petrol price for July forecast to drop “significantly”
12-Jun-2019 by The South African
This is not a drill: The petrol price forecast for July has arrived, and a substantial drop is on the cards for South Africa's long-suffering motorists. more information
Ireland: Electricity prices to come down as 'green levy' to be halved under plan
12-Jun-2019 by www.independent.ie
The regulator is proposing the levy goes from €47.40 a year to €26.15. more information

11-Jun-2019

U.S. refiner group sues Trump EPA over high-ethanol gasoline
11-Jun-2019 by Reuters
The main U.S. refining industry association said on Monday it sued to block the Trump administration’s effort to expand sales of higher ethanol blends of gasoline, arguing the move exceeded the administration’s authority. more information
Lights out: the price hikes leaving millions of South Africans in the dark
11-Jun-2019 by Guardian
Electricity costs have tripled in the past decade under a utility company plagued by debt and corruption claims, wiping out decades of progress. more information
Venezuelan man killed in violent scrap for gasoline
11-Jun-2019 by Breitbart
A man was killed and another wounded following a dispute at a service station in the Venezuelan state of Mérida on Saturday, as vehicles owners were forced to wait hours or even days to get access to gasoline. more information
USA: Gasoline prices set to plunge at the pump
11-Jun-2019 by Bloomberg
Hold up on buying gasoline for a week, and the price could drop by an average 16 cents a gallon nationwide. If you fill up a Ford Expedition, that’s a nifty $5.36 in savings. more information

10-Jun-2019

India: Petrol, diesel rates cut across Metros
10-Jun-2019 by NDTV Profit
Petrol and diesel prices were cut by oil marketing companies on Sunday, marking a fourth straight day of reduction in the fuel rates. With effect from 6 am on Sunday, the price of petrol was at Rs. 70.56 per litre in New Delhi, Rs. 72.81 per litre in Kolkata, Rs. 76.25 per litre in Mumbai and Rs. 73.30 per litre in Chennai, according to Indian Oil Corporation's (IOC) website, iocl.com. more information
Pakistan: Hoti slams govt for hike in petroleum prices
10-Jun-2019 by The Nation
Pakistan People’s Party provincial leader Nawabzada Aurangzeb Khan Hoti has slammed the federal government for yet another increase in prices of petroleum commodities, and termed it ‘petrol bomb’ upon poverty-stricken masses on the eve of Eidul Fitr. more information
Ukraine: NBU predicts rise in price of electricity in Ukraine since July
10-Jun-2019 by Galpost.com
Earlier it was reported that the Cabinet introduces price caps on electricity. more information

09-Jun-2019

Four states account for more than half of U.S. wind electricity generation
09-Jun-2019 by U.S. Energy Information Administration
In the United States, producers generated 275 million megawatthours (MWh) of electricity from wind power in 2018. Of that, more than half came from just four states: Texas, Oklahoma, Iowa, and Kansas. Five other states—California, Illinois, Minnesota, North Dakota, and Colorado—provided another 20% of total wind generation in the country. more information
Sunset for oil is no longer just talk
09-Jun-2019 by Bloomberg Opinion
Greenwashed rhetoric is such a staple of the oil industry that it’s easy to assume every energy executive talking about climate and the transition to a zero-carbon economy is just mouthing words. more information

06-Jun-2019

Lao gov't aims to lower electricity prices
06-Jun-2019 by www.xinhuanet.com
The Lao ministry is focusing on developing a renewable energy supply so that the country is less dependent on imports from other countries more information
Total to ship US Gulf gasoline to Australia in rare move
06-Jun-2019 by S&P Global Platts
In a rare move, Total plans to move a gasoline shipment from the US Gulf Coast to Australia to take advantage of the arbitrage available on the route, market participants said Thursday. more information
E5 Gasoline and B7 Diesel Labels Introduced In the United Kingdom
06-Jun-2019 by AutoEvolution
The E5 label is round and B7 label is square, helping the customer differentiate the two types of fuel a little better than before. As ever, the pistol color is green for gasoline and black for diesel. According to the Department for Transport, fuels labeled as B7 and E10 at the pumps will be introduced at a later date. more information
More than one-quarter of the gasoline sold in Colombia is used to make cocaine
06-Jun-2019 by Business Insider
Colombia is investigating 33 gas stations — many in rural areas where criminal activity and cocaine production is present — for having suspiciously high demand for gasoline. As much as 70 million gallons, or 28%, of the 250 gallons of gas sold in Colombia in 2018 were used for cocaine production, officials say. more information
Australia’s reliance on gasoline imports set to rise as sulfur limit falls
06-Jun-2019 by Hellenic Shipping News
Australia’s plans to tighten the sulfur and aromatics specifications of its automotive gasoline amid hamstrung capacity at domestic refineries is likely to increase reliance on imports in coming years and prove a bright spot for Asian gasoline suppliers. more information

05-Jun-2019

Oil prices drop as demand concerns weigh on markets
05-Jun-2019 by OilPrice.com
Oil prices were down early on Tuesday, with Brent Crude hitting its lowest level since January and WTI Crude at its lowest since February as trade disputes continued to weigh on the outlook on global economic and oil demand growth. more information
Millions of drivers hit by fourth consecutive month of petrol price rises
05-Jun-2019 by Mirror
It's been a miserable few weeks for drivers who've been hit by four consecutive months of fuel price rises, figures show. more information
Oil price pulled every which way
05-Jun-2019 by Capital
Oil prices are being tugged in both directions, by glut and trade war fears on the one hand and by hopes that supply shortages will provide support on the other. more information
France rules out electricity tax cut, to review prices in 2020
05-Jun-2019 by Reuters
The French government ruled out lowering value added tax on electricity prices but will review the calculation method for state-controlled utility EDF’s regulated tariffs next year, the environment minister said on Monday. more information

04-Jun-2019

Saudi Arabia used less crude oil for power generation in 2018
04-Jun-2019 by U.S. Energy Information Administration
In 2018, Saudi Arabia reported burning an average of 0.4 million barrels per day (b/d) of crude oil for power generation, the lowest amount since at least 2009, the earliest year that data are available from the Joint Organizations Data Initiative (JODI). more information
Zimbabwe Govt warns against fuel price increases as dealers begin trading product at $8
04-Jun-2019 by Energy Mix Report
Government has ordered fuel dealers to stick to prices announced by the Zimbabwe Energy Regulatory Authority (ZERA) a week ago amid reports Tuesday the price of the scarce commodity was going up again. more information
Oil ends at lowest in more than 3 months, with a fourth decline in a row
04-Jun-2019 by MarketWatch
Oil futures finished booked a fourth straight decline in a row, wrapping up at the lowest in more than three months, on heightened concerns for the global economy and tariff tensions that could both potentially hurt demand for oil. more information

03-Jun-2019

Zimbabwe: Fuel prices go up again?
03-Jun-2019 by Bulawayo
The prices of fuel in some parts of Harare has gone up to $7.97 for petrol and $7.80 for diesel. Pictures from different garages circulating on social media confirm that prices have indeed gone up. more information
South Africa: What you’re likely to pay, as carbon tax takes its toll
03-Jun-2019 by The South African
Our winter of discontent is likely to continue in June, despite the petrol price showing slight improvements. But diesel users will still feel the pain. more information
Dramatic falls reported in gas and electricity prices in Ireland
03-Jun-2019 by www.irishnews.com
Gas prices fell by 43 per in May compared to the same month in 2018, while a 17 per cent fall was reported in the cost of electricity, averaging 4.26p/kWh for May. more information
USA: California gas prices soar as national average approaches $3
03-Jun-2019 by USA Today
The national average hit $2.90 on Friday, up 20 cents from a month ago and 8 cents more than a year ago, according to AAA. California is a big reason for the spike in the national average. more information

31-May-2019

Pakistan: Electricity prices increased by 55 paisas per unit
31-May-2019 by www.pakistantoday.com.pk
The decision has been made under April’s fuel price adjustment. An additional burden of Rs5.20 billion will be put on the consumers after the hike in the prices. more information

29-May-2019

The price of electricity in Spain in 2018 was the most expensive since Eurostat made its statistics
29-May-2019 by www.abc.es
Spanish households had never paid such expensive electricity: 24.77 cents per kWh, as confirmed by Eurostat results. more information

28-May-2019

Ten things Nigeria's Buhari will have to deal with in term two
28-May-2019 by Bloomberg
Buhari is an advocate of low gasoline prices, believing they’re one of the few benefits that Nigerians get from the state. They’re capped at 145 naira a liter ($0.40, or $1.51 a gallon), which makes Nigeria the sixth cheapest country in which to fill up your tank, according to GlobalPetrolPrices.com. more information
Zimbabwe hikes fuel prices amid economic crisis
28-May-2019 by VOA Zimbabwe
The Zimbabwe Energy Regulatory Authority (ZERA) has increased prices of fuel by between 46 and 49 percent with immediate effect, a situation that may result in steep increases of prices of basic commodities. more information
How far do you think you can go once the warning light comes on?
28-May-2019 by PetrolPrices.com
Over a third of drivers believe cars run out of fuel 20 miles after the warning light comes on, yet new research says most can do twice the distance. The comparison website, Compare the Market, who surveyed 1,000 Britons, compared 96 best-selling cars from 29 manufacturers to discover how far drivers could travel once the warning light came on and those that run out fastest—the difference in range is surprising. more information
Crisis in Venezuela: the unusual ways to pay for gasoline
28-May-2019 by BBC World News
Egar picks up the hose and wrinkles the ten-bolívares bill that the driver who has just filled the tank. Then he throws it into the cardboard box on the floor where he keeps the collection of the day of the gas station in Caracas where he works. There are a lot of bolivars. But the bolivar is worth so little that the total value of that mountain of paper does not even reach half a dollar to change. more information

27-May-2019

U.S. gasoline prices this Memorial Day weekend are nearly the same as last year’s
27-May-2019 by U.S. Energy Information Administration
Heading into the 2019 Memorial Day weekend, regular gasoline prices averaged $2.85 per gallon (gal) nationally on May 20, slightly lower than last year’s price of $2.92/gal before the holiday weekend. EIA expects U.S. regular retail gasoline prices will increase in the coming months and average $2.92/gal during the 2019 summer season (April through September), 7 cents/gal higher than last summer, according to EIA’s May Short-Term Energy Outlook. more information
OPEC vs. the U.S.: Who Controls Oil Prices?
27-May-2019 by Investopedia
Up until the middle of the 20th century, the United States was the largest producer of oil and controlled oil prices. In the years to follow, OPEC controlled the oil markets and prices for most of the latter part of the 20th century. However, with the discovery of shale in the U.S. and advances in drilling techniques, the U.S. has re-emerged as a top producer of oil. more information
Cyprus records highest electricity price increase in EU
27-May-2019 by www.ekathimerini.com
The price of electricity on the island spiked by 19.6 percent. more information
OPEC: A balanced oil market remains our focus
27-May-2019 by Organization of the Petroleum Exporting Countries
Following its 14th Meeting, which took place on 19 May 2019, in Jeddah, the Kingdom of Saudi Arabia, the Joint Ministerial Monitoring Committee (JMMC) has reaffirmed its commitment to achieving a balanced market and working towards oil market stability on a sustainable basis with solid fundamentals. The JMMC expressed its satisfaction regarding the critical role which the ‘Declaration of Cooperation’ (DoC) played in the oil market recovery seen in the first quarter of 2019 compared to the fourth quarter of 2018, supported by high conformity to the voluntary production adjustments by participating countries. more information
Egypt: Electricity prices to increase by 14.9% in July
27-May-2019 by Egyptindependent.com
President Abdel Fattah al-Sisi extended the plan until July 2021 so that it will last eight years instead of five to ease the financial burden on citizens. more information

23-May-2019

Latin America's gasoline problems: Mexico and Brazil diverge in fuel balance strategy
23-May-2019 by Wood Mackenzie
The two dominant players in Latin American oil and gas – Petrobras and Pemex – should face negative net gasoline balance for decades to come. This makes the two NOCs the most important Latin American importers of US gasoline, granted that Brazil's deficit is mitigated by its strong biofuels market. more information
In the Baltics, prices are rising due to "energy independence" from Russia (in Russian)
23-May-2019 by www.rubaltic.ru
The price of electricity in Lithuania and Latvia has increased by 9% over the past month, and by 5% in Estonia. The reasons for the rise in price were unfavorable weather conditions and low capacity of the power grids connecting the Baltic States with the power system of the European Union. more information
Iran, US-China trade dispute, OPEC stance and your gasoline bill
23-May-2019 by The Hindu
After touching $75 a barrel, Brent has been hovering in the $72-74 range since the beginning of this week. more information

22-May-2019

Low-speed electric vehicles could affect Chinese demand for gasoline and disrupt oil prices worldwid
22-May-2019 by Phys.org
Low-speed electric vehicles could reduce China's demand for gasoline and, in turn, impact global oil prices, according to a new issue brief by an expert in the Center for Energy Studies at Rice University's Baker Institute for Public Policy. more information
Oil sinks 2.7% as US crude stockpiles surge, demand worries flare
22-May-2019 by CNBC
Oil futures sank on Wednesday as an unexpected build in U.S. crude stockpiles compounded investor worries that a prolonged trade war between Washington and Beijing could dent crude demand. more information
California regulator threatens ban on gasoline engines
22-May-2019 by Automotive News
California's top environmental regulator is threatening to enact tougher pollution rules that could include a ban on vehicles that burn petroleum-based fuels in retaliation for the Trump administration’s plan to relax vehicle emission standards. more information

21-May-2019

New Zealand: why does the price of petrol vary so much?
21-May-2019 by Stuff
The national average price for a litre of 91 octane petrol has risen another 5 cents to $2.35, according to the Automobile Association (AA). That follows a similar rise last week. more information
Germany: Electricity prices for households are higher than ever (in German)
21-May-2019 by www.topagrar.com
In the first three months of this year alone, about two-thirds of the 826 basic utilities in Germany have increased electricity prices - by an average of around 5 percent. more information
Venezuela: Where's the petrol?
21-May-2019 by Aljazeera
Venezuela has the world's largest oil reserves, yet people are scrambling to fill car tanks as petrol supplies dry up. more information

20-May-2019

The climate change challenge
20-May-2019 by OPEC
Climate change is an undeniable issue affecting each and every one of us on this planet. Indeed it is one of the greatest challenges facing mankind both today and in the future. more information
Peru: Bill examines the possibility of increasing electricity bills by 60 soles
20-May-2019 by diariocorreo.pe
The National Society of Industries seeks that more than 15 thousand SMEs can access the possibility of negotiating better electricity rates more information
Gasoline shortages hit Caracas as U.S. sanctions pinch supplies
20-May-2019 by Bloomberg
Venezuelan motorists are again feeling the sting of U.S. sanctions as gasoline shortages in the country hit its capital city for the second day in a row. more information
Short-term Energy Outlook
20-May-2019 by U.S. Energy Information Administration
Brent crude oil spot prices averaged $71 per barrel (b) in April, up $5/b from March 2019 and just below the price in April of last year. EIA forecasts Brent spot prices will average $70/b in 2019 and $67/b in 2020, both about $5/b higher than in last month’s STEO, compared with an average of $71/b in 2018. more information

17-May-2019

New Zealand electricity prices retreat from recent high
17-May-2019 by www.xinhuanet.com
A fall in electricity generation prices from unusually high levels late last year mainly influenced the fall in both input and output producers' prices in the March 2019 quarter, New Zealand's statistics department Stats NZ said on Friday. more information
Finland's petrol prices 5th highest in EU
17-May-2019 by yle.fi
Drivers in Finland paid 1.59 euros but in Sweden gas cost less, at 1.56 euros per litre. The most affordable petrol was found in Bulgaria, where a litre cost 1.11 euros. more information
Oil lifted to $73 by real and threatened supply cuts
17-May-2019 by Reuters
Oil edged higher to $73 a barrel on Friday, supported by a host of supply cuts and concern of further disruption to Middle East shipments as tensions rise, and was heading for a weekly gain. more information

16-May-2019

California regulator threatens Trump with `extreme' auto rules
16-May-2019 by Bloomberg
A top California environmental regulator is threatening to enact tough, new pollution rules -- including an unprecedented ban on cars burning petroleum-based fuels -- in response to a Trump administration plan to relax vehicle emission standards. more information
None of Venezuela’s crude oil upgraders are processing oil
16-May-2019 by OilPrice.com
Venezuela has stopped upgrading crude oil as PDVSA finds itself without buyers in the wake of US sanctions, according to sources who spoke to Reuters. more information
Malaysia: New electricity tariff depends on EC review
16-May-2019 by www.nst.com.my
New electricity tariff will depend on the next review by the Energy Commission while coal and gas prices through the imbalance cost pass through (ICPT) mechanism will likely be maintained. more information
US gasoline traders would rather export than ship to New York
16-May-2019 by Transport Topics
The busiest U.S. fuel pipeline is running below capacity, as Gulf Coast refiners get fatter margins exporting to Latin America than shipping to New York. more information

14-May-2019

70 percent of Canadians are concerned about skyrocketing fuel price
14-May-2019 by The Post Millennial
According to a Nanos poll conducted for CTV, a majority of Canadians are expressing worry about the rising cost of gasoline. more information
Taiwan: Summer electricity rates to kick off June 1
14-May-2019 by Focustaiwan.tw
Consumers with average household energy consumption of 300 kilowatt hours (kWh) per month during the non-summer period are expected to use an average of 40 percent more electricity, or 420 kWh, per month during the summer. more information
Long Canadian summer of high gasoline prices expected
14-May-2019 by The Star Phoenix
In Saskatoon, the price per litre of gasoline on Monday was hovering around $1.29 while Regina was around $1.25. more information
Russia’s oil production dips to below OPEC+ quota
14-May-2019 by OilPrice.com
Russia’s crude oil production averaged 11.16 million bpd in the first twelve days of May, Reuters reported on Monday, citing two industry sources, which means that Moscow is finally within its cap under the OPEC+ deal, although the decline in production may have been the result of restricted exports via the Druzhba oil pipeline due to a contamination issue. more information

13-May-2019

Don’t overthink the gulf oil tanker attacks
13-May-2019 by Bloomberg
The assault near the Strait of Hormuz will not divert too many vessels from a crucial waterway for oil shipments. more information
The oil kingdom enters a new era
13-May-2019 by OilPrice.com
Saudi Crown Prince Mohammed bin Salman’s largely self-inflicted losing streak appears to have come to an end, and just in the nick of time, with arch-nemesis Iran in the process of consolidating its Shiite sphere of influence to the north of the kingdom and instability growing throughout the Middle East. more information
Crude oil down despite rising tensions
13-May-2019 by RigZone
Despite escalating tensions in the Middle East, coupled with new salvos in the trade dispute between China and the United States, the West Texas Intermediate (WTI) and Brent crude oil benchmarks edged downward Monday. more information

10-May-2019

Namibia’s energy regulator approves 2.5 percent cut in bulk electricity tariff
10-May-2019 by www.newsghana.com.gh
The new rate will come into force from July 1 until June 30 next year. The approved tariff decrease is applicable to all NamPower’s bulk customers, including regional electricity distributors, local authorities, regional councils, and mines. more information

09-May-2019

Belize: No news from BEL and PUC
09-May-2019 by Amandala.com.bz
BEL proposed no adjustments to the currently approved Mean Electricity Rate, the PUC puts it at 41.51 cents per kilowatt — an increase of some 0.4%, which has no impact on currently approved tariffs more information
Greenpeace challenges UK to phase out diesel and petrol vehicles by 2030
09-May-2019 by Independent
Greenpeace has challenged the government to phase out diesel and petrol-fuelled cars by the end of the next decade after Amsterdam said it would ban them from 2030. more information
India: Petrol, diesel prices fall across major cities
09-May-2019 by CNBC
Petrol price in Mumbai stood at Rs 78.44 a litre while diesel was at Rs 69.74 per litre, at par with levels seen at the end of March. more information
60% of new cars run on petrol in EU in 1Q19
09-May-2019 by AA
Nearly 60% of all new passenger cars registered across the EU run on petrol, while less than one third are fuelled by diesel in the first quarter of 2019, according to the European Automobile Manufacturers Association (ACEA) on Wednesday. more information

08-May-2019

Oil prices, Libyan tensions and everyday petrol. How is the EU affected?
08-May-2019 by EuroNews
Oil prices have recently risen to their highest since November 2018, but they're still fluctuating daily. Why? more information
Ghana: Public Utilities Regulatory Commission (PURC) will announce new utility tariffs in June
08-May-2019 by www.ghanaweb.com
The PURC had earlier on indicated that electricity tariffs will remain unchanged till July 1, 2019. more information
South Africa: Petrol prices keep climbing
08-May-2019 by Moneyweb
The spike in the fuel price on Wednesday and growing unrest in oil-producing Venezuela have done little to assuage fears that the petrol price is set to continue its upward trajectory for most of this year. more information
Catastrophic policies have made Romania energy dependent
08-May-2019 by Balkaninsight.com
The effects of the reduction in coal electricity production will begin to impact the country’s two gas-fired power plants, Brazi and Iernut. more information

07-May-2019

Rising coal and gas costs push Australia electricity prices to record highs
07-May-2019 by Reneweconomy.com.au
The increase in coal and gas costs is significant – particularly in the light of a political debate which still turns on the false assumption that coal and gas offer the cheapest costs of generation. more information
Europe: The lingering problems with holiday car hire – and the rental companies to avoid
07-May-2019 by The Telegraph
We have been reporting on car hire problems for years, and it’s clearly an industry that remains in fundamental need of reform. more information
South Sudan agrees oil exploration deal with South Africa
07-May-2019 by Reuters
South Sudan and South Africa on Monday signed a six-year production-sharing agreement for an untapped exploration block in the East African country, where production has been hit by civil war. more information
Anadarko poised to cancel buyout deal with Chevron after board says Occidental’s bid is superior
07-May-2019 by CNBC
Anadarko Petroleum’s board of directors said on Monday that Occidental Petroleum’s buyout offer is superior to its agreement to sell its business to Chevron, putting the deal with the oil giant in jeopardy. more information

06-May-2019

Occidental revises bid for Anadarko in buyout battle with Chevron, offers mostly cash
06-May-2019 by CNBC
Occidental Petroleum on Sunday put a revised buyout offer in front of Anadarko Petroleum, offering to pay shareholders in mostly cash as it seeks to derail Chevron’s acquisition of the international oil and gas driller. more information
Oil rebounds from five-week low as U.S. issues warning to Iran
06-May-2019 by Bloomberg
U.S. crude pared losses from tumbling to almost $60 a barrel after President Donald Trump threw trade talks between the world’s two largest economies into disarray with a threat to raise tariffs on Chinese imports. Washington said it’s sending warships to the Middle East in a warning to Iran. more information
USA: Gas prices fluctuate moderately across the country
06-May-2019 by AAA
With the national gas price average at $2.89 – just a penny more expensive than last week – the majority of states are seeing moderate jumps and even declines at the pump. more information

02-May-2019

India: GERC cuts power tariff for residential consumers and farmers
02-May-2019 by www.businesstoday.in
For residential category, GERC has reduced the number of tariff slabs from 5 to 4 to simplify the present structure. more information

01-May-2019

Australia: How much will an EV add to the average household electricity bill?
01-May-2019 by thedriven.io
EV would add, on average, about 32% to the average usage component of a household electricity bill. more information

30-Apr-2019

Small businesses fear ‘huge’ electric bill increases under Pa.’s $500 million nuclear proposal
30-Apr-2019 by www.penncapital-star.com
The debate over Pennsylvania’s nuclear bailout proposal — which would require utilities to purchase clean energy credits from nuclear companies, resulting in millions of dollars of new revenue for the plants and higher energy prices for consumers. more information

29-Apr-2019

NSW lifts solar feed-in tariff range, as electricity prices refuse to fall
29-Apr-2019 by Onestepoffthegrid.com.au
Solar households in New South Wales could soon be paid more for the rooftop generated power they export to the grid, after the state’s recommended feed-in tariff benchmark was raised from the 2018-19 range of 6.9-8.4c/kWh, to 8.5-10.4c/kWh. more information

25-Apr-2019

India: Petrol, diesel prices revised after a gap of three days
25-Apr-2019 by NDTV
With effect from 6 am on Thursday, the price of petrol in Delhi was at Rs. 73.02 per litre while that of diesel was at Rs. 66.54 per litre. more information
Average retail price of A-95 petrol at Ukrainian filling stations exceeds US$1.09 per liter
25-Apr-2019 by Unian
The average retail price of A-95 petrol at Ukrainian gas stations exceeded UAH 29.15, or US$1.09 per liter on Wednesday, April 24. more information
Price of petrol in Italy spikes at more than €2 a litre
25-Apr-2019 by The Local
With the US seeking to block Iran's oil exports and fighting raging in Libya, the rising cost of crude is being passed on to consumers, according to the Italian government's Fuel Observatory, which monitors petrol prices. more information

24-Apr-2019

Malaysia could be removing its price cap for RON95 petrol soon
24-Apr-2019 by Business Insider
A price cap on RON95 petrol in Malaysia could soon be removed, the Domestic Trade and Consumer Affairs Minister Datuk Seri Saifuddin Nasution Ismail has reportedly said. more information
A look at United Arab Emirate's renewable energy goals
24-Apr-2019 by Global Voices
So what is the UAE doing to increase energy from renewable sources and how is it meeting the goals it set for itself? more information
Nigeria: Economists back call to remove fuel subsidy
24-Apr-2019 by AllAfrica
The Nigerian Association of Energy Economists (NAEE) has expressed its support for the recent call on Nigeria by the International Monetary Fund (IMF), to end the practice of petrol subsidy. more information

23-Apr-2019

New Zealand: Petrol prices set to soar
23-Apr-2019 by Newstalk ZB
The price for fuel in New Zealand varies throughout the country. The current average price for unleaded petrol is around $2.30, and diesel costs around $1.65 per litre more information
US move to end Iranian oil exports to force petrol prices higher
23-Apr-2019 by ABC
In a move designed to cripple Iran's economy, the United States has given countries still buying Iranian oil one week to stop, or face heavy economic sanctions. more information
Fuel and food hikes won't lift Australia out of inflation rut
23-Apr-2019 by The Sydney Morning Herald
Drought-driven food price spikes and building pressure at the petrol pump will not be enough to lift stubbornly low inflation this year or, economists predict, alter the Reserve Bank's likely next move on interest rates. more information

22-Apr-2019

Electric cars could cost less than equivalent petrol vehicles by 2030
22-Apr-2019 by The Driven
The purchase cost of electric vehicles in the US could fall below that of petrol and diesel fuelled vehicles in five to 10 years, a new report released by the International Council on Clean Transportation says. more information
Damascus struggles with chronic petrol shortages
22-Apr-2019 by The Arab Weekly
Iran, which used to send oil to its Syrian allies on credit, is asking for upfront cash payments, citing its own problems. more information
Western Australia: Another electricity price hike on the cards for WA households?
22-Apr-2019 by www.solarquotes.com.au
2 per cent may not sound like a huge amount, but the West Australian says this would mean electricity bills have risen around 20 per cent in the last couple of years and there’s been a more than 100 per cent increase in electricity charges in WA since 2008. more information
How much more are you willing to pay for fuel to save the planet?
22-Apr-2019 by Irish Times
Bank of England governor Mark Carney forged an unlikely – and no doubt unwitting – alliance with London’s climate change protesters this week: a warning to banks and financial markets that behaviour has to change. more information

19-Apr-2019

Power Distributors in Bulgaria Seek Significant Increase in Electricity Prices
19-Apr-2019 by www.novinite.com
The three electricity distribution companies in Bulgaria CEZ, EVN and Energo Pro have submitted applications to the Energy and Water Regulatory Commission seeking new increase in the prices of electricity as of 1st of July. more information
Californians paying most expensive pump prices in five years
19-Apr-2019 by AAA News
Pump prices have spiked in California as unexpected and planned maintenance and the switchover to more-expensive summer blend gasoline continues, ultimately increasing the national average. more information
Best retail sales since 2017 brighten U.S. growth outlook
19-Apr-2019 by Bloomberg
The value of overall sales in March rose 1.6 percent, boosted by gains in motor vehicles and gasoline stations, after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. That exceeded all forecasts in Bloomberg’s survey calling for a 1 percent gain. more information
U.S. risks roiling oil markets in trying to tighten sanctions
19-Apr-2019 by The New York Times
The Trump administration has reached a critical juncture in its efforts to tighten United States oil sanctions against Iran and Venezuela. more information

18-Apr-2019

USA: Nuclear plants owner says closure would raise electricity prices
18-Apr-2019 by www.toledoblade.com
The loss of Ohio's two nuclear power plants, despite producing more expensive electricity, would actually lead to higher prices for consumers in addition to dirtier air, the plants' owner told a House panel Wednesday. more information
Oil turns higher as U.S. drilling rigs pullback shows restraint
18-Apr-2019 by Bloomberg
Oil prices turned higher on Thursday after a report showed a drop in U.S. drilling activity. Futures in New York erased an earlier loss to cap a seventh straight weekly gain for the holiday-shortened week, the longest winning streak since May 2015. more information
Key oil demand driver set for boost later this year
18-Apr-2019 by OilPrice.com
The oil price rally so far this year was as much a result of tightening supply as it was a sign of oil demand growth holding resilient and defying doom-and-gloom forecasts of a significant slowdown due to faltering global economic growth and trade disputes. more information
Portugal declares energy crisis as truckers’ strike cuts fuel supplies
18-Apr-2019 by Politico
Portugal declared a national energy crisis Wednesday as a strike by fuel-truck drivers strangled supplies to gas stations, threatening to bring the country to a standstill. more information

17-Apr-2019

Nigeria: Petrol landing cost now N180 per litre
17-Apr-2019 by NAIJ
The minister of state for petroleum resources, Ibe Kachikwu on Tuesday, April 16, revealed that the landing cost of petrol is higher than the pump price (N145 per litre) by N35. more information
Record-high petrol prices may hit South Africans this winter
17-Apr-2019 by The South African
We're starting to think a horse and cart would be less hassle: Petrol prices are set for an increase in May, and a winter of discontent waits for SA's motorists. more information
Vietnam: Electricity hike hits industry hard
17-Apr-2019 by www.retailnews.asia
Vietnamese manufacturers are set to increase their selling prices following the 8.36 per cent hike in electricity price that launched from March 20. more information
UK: Cost of petrol and diesel to soar this Easter after hike in oil prices
17-Apr-2019 by iNews
Motorists are to face an increase in petrol and diesel costs this Easter, following the rising price hike of oil. Those who are planning a getaway over the Easter break could end up paying as much as 145.9p per litre for petrol at motorway stations – significantly higher than the national average. more information

16-Apr-2019

Oil prices extend losses as oversupply worries drag
16-Apr-2019 by CNBC
Brent crude oil futures were at $71 a barrel at 0431 GMT, down 18 cents, or 0.25 percent, from their last close. Brent ended down 0.5 percent on Monday. more information
Mexico: Shell tops government’s list of gasoline prices
16-Apr-2019 by Mexico News Daily
The federal energy secretary today named the gas station chains which sold the cheapest and most expensive fuel in Mexico last week. more information
The uphill road: battery limitations to test China's electric vehicle ambitions
16-Apr-2019 by Reuters
It took one 330 kilometer trip from Chongqing to Chengdu in his Nio ES8, a seven-seater all-electric SUV, for its owner Wang Haichun to be consumed with buyer’s remorse. more information

15-Apr-2019

U.S. sanctions on Iran mean Damascus drivers queue for gas
15-Apr-2019 by Bloomberg
U.S. sanctions on Iran are also hitting some of the Islamic Republic’s closest allies. Drivers in Damascus are queuing up for miles to get just a few gallons of gasoline after Iranian oil shipments to the war-ravaged country ended. more information
Saudi Arabia raised the local price for Octane 95 gasoline
15-Apr-2019 by AlArabiya
Saudi Arabia raised the local price for Octane 95 gasoline to 2.10 Riyals from 2.02 Riyals last quarter and Octane 91 to 1.44 Riyals from 1.37 Riyals per liter, state oil firm Saudi Aramco said on Saturday. more information
Dispute with U.S. energy trader worsens Haiti's fuel crisis
15-Apr-2019 by Reuters
A dispute between Haiti and a U.S. energy trading firm is leading to long blackouts and fuel shortages in the Caribbean nation, feeding anger at President Jovenel Moise’s government following the collapse of a supply deal with Venezuela last year. more information
France electricity bills rise to €1,000 per household
15-Apr-2019 by www.connexionfrance.com
Average bills per year are already €960, but with a 5-6% rise expected for 28 million customers in two months’ time, that number is set to breach the symbolic €1,000 per year threshold for the first time. more information

12-Apr-2019

Rising gasoline prices and rents boost US consumer prices in March
12-Apr-2019 by CNBC
The Labor Department’s Consumer Price Index rose 0.4% boosted by increases in the costs of food, gasoline and rents. That was the biggest advance since January 2018 and followed a 0.2% gain in February. more information
Oil prices rise as data shows large US gasoline inventory drawdown
12-Apr-2019 by Oil & Gas Journal
US light, sweet crude oil prices were up Apr. 10 on the New York market, with both the May and June contracts settling above $64/bbl following a steep drop in gasoline stocks as reported by the US Energy Information Administration. more information
Putting premium gas in an engine that requires regular? Stop it now
12-Apr-2019 by The New York Times
Only 18 percent of new cars require premium. The owners of the other 82 percent waste about $2 billion a year using a gas that provides no benefit. more information
Malta: Next government will see electricity prices rise again
12-Apr-2019 by www.maltatoday.com.mt
The expiry of the gas hedging agreement and ETS carbon prices will raise costs by 23% more information

11-Apr-2019

The costs of decarbonization
11-Apr-2019 by Physicsworld.com
The OECD’s Nuclear Energy Agency (NEA) says that “a mix relying primarily on nuclear energy is the most cost-effective option to achieve the decarbonization target of 50 g CO2 per kWh”. more information

10-Apr-2019

Why oil and gasoline prices are rising faster than analysts expected this year
10-Apr-2019 by CNBC
Oil prices are rising faster this year than many energy analysts expected, leaving many consumers to wonder how much further their gasoline bills will jump. more information
Analysis: Pakistan ban on manganese additives in gasoline unlikely to be enforced on time
10-Apr-2019 by S&P Global Platts
Pakistan's Ministry of Petroleum is unlikely to see its new requirement for zero manganese-based additives in all grades of gasoline sold in the country enforced from the original effective date of May 1, 2019, as the industry struggles to find economical solutions for meeting the new requirement. more information
Mexican president says won't increase gasoline prices
10-Apr-2019 by PL
The price of fuels in Mexico will not increase beyond the inflation index, President Andres Manuel Lopez Obrador reiterated this Tuesday in his morning press conference at the National Palace. more information

09-Apr-2019

Emissions up as car buyers switch from diesel to gasoline
09-Apr-2019 by Politico
The aftermath of the Dieselgate scandal is pushing drivers to switch from diesel to gasoline cars, undermining efforts to cut carbon dioxide emissions from road transport. more information
USA: Why pump prices are going up and where gasoline is the most expensive
09-Apr-2019 by USA Today
Drivers in the West Coast, Rockies, Great Lakes and Central regions are feeling the pinch the most, while motorists east of the Mississippi River are seeing more moderate increases. more information
Philippines: Fuel prices, electricity rates for April
09-Apr-2019 by Businessmirror.com.ph
Electricity rates inched up to P10.5594 per kilowatt hour (kWh) this month from last month’s P10.4961 per kWh. The upward adjustment of P0.0633 per kWh will mean a slight increase of around P13 in the total bill of a typical household consuming 200 kWh. more information
USA: How high are gasoline prices really? It's a matter of perspective
09-Apr-2019 by Forbes
Gasoline prices at the pump have risen steadily throughout the first quarter of 2019, and that naturally causes consternation among consumers who feel the financial pain each time they fill up their tank. more information
Costa Rica: RECOPE will replace super gasoline with ethanol to reduce emissions
09-Apr-2019 by Q Costa Rica
The Refinadora Costarricense de Petróleo (RECOPE) confirmed that it will sell start gasoline with ethanol under the name of ‘Eco 95’, to replace super, starting May 29, 2019. more information

08-Apr-2019

China has stopped buying crude oil from Western Canada after record purchase in 2018
08-Apr-2019 by Vancouver Sun
A significant amount of oil was sent to China near the end of 2018 when the price was very low, and it stopped the moment the Alberta Premier curtailed production and the price returned to normal. more information
Greeks cut down on gasoline due to high taxes and prices
08-Apr-2019 by Ekathimerini
Fuel market data for the first two months of this year are raising concern, as demand for gasoline shrank 5.9 percent on an annual basis, while that for diesel was only up 1.4 percent on the January-February period last year. more information
Malaysia's electricity prices only changes every six months, not sooner
08-Apr-2019 by www.nst.com.my
This is because the government via the Energy Commission has set the base tariff at 39.45 sen per kWh for the three years of 2018, 2019 and 2020. more information
Trump heads to Houston Wednesday to boost oil and gas sector
08-Apr-2019 by Chron
President Donald Trump will travel to Houston Wednesday to announce executive orders aimed at speeding up pipeline and other energy projects and expanding oil and natural gas production, a senior White House official said. more information
What would happen If the world ran out of crude oil?
08-Apr-2019 by Interesting Engineering
Crude oil is the lifeblood of modern economies and nations, but what would happen if this vital fuel source were to ever be exhausted? more information

04-Apr-2019

German households paying record prices for electricity
04-Apr-2019 by www.xinhuanet.com
In the first three months of 2019, about two-thirds of Germany's 826 basic utilities have raised prices, according to Verivox. The average adjustment of 5.2 percent affected around 6.8 million households. more information

03-Apr-2019

Electricity prices in Turkey see increase after local elections
03-Apr-2019 by Menafn.com
Turkey's government had frozen electricity prices for a number of months ahead of the polls. more information
Electricity price to rise by 5.9 percent in France in move likely to anger 'yellow vests'
03-Apr-2019 by www.thelocal.fr
Ecology Minister François de Rugy said the price hike had been postponed over the winter, when electricity consumption is at its highest, because of the “yellow vest” movement but now must soon be implemented. more information

02-Apr-2019

Nigeria spends N10trn on petrol subsidy
02-Apr-2019 by Vangard
At the backdrop of the continued comatose state of the Nigeria’s local refining capacity, the country may have spent about N10 trillion in the provision of pump price subsidy on imported petroleum products from 2006 to 2018. more information
Prices of octane 95 petrol in Egypt remains LE7.75 per liter
02-Apr-2019 by Egypt Independent
A technical committee entrusted to the automatic pricing of octane 95 petrol decided on Monday not to raise its price on the local market, keeping it at LE7.75 per liter during the second quarter of this year until the end of June. more information
South Africa: All the details on tomorrow’s massive fuel hike
02-Apr-2019 by The Citizen
Consumers will have to dig deeper into their pockets following Energy Minister Jeff Radebe’s announcing this latest fuel hike. more information
Singaporeans have mixed reactions to electricity price reduction
02-Apr-2019 by Theindependent.sg
The cost of electricity will go down by 4.7% in the next three months. This seemingly good news was announced by the SP Group, the government-owned electricity and gas distribution company of Singapore. more information

01-Apr-2019

Sinopec's Jiujiang refinery starts new unit for cleaner gasoline
01-Apr-2019 by Reuters
China Petroleum & Chemical Corp (Sinopec) said on Monday its subsidiary refinery Jiujiang Petrochemical Corp produced its first on-spec product from a newly started alkylation facility, as part of the country’s push for cleaner gasoline. more information
South Africa: Eskom electricity prices – 1970 to 2019
01-Apr-2019 by mybroadband.co.za
From 2007 to 2017, tariffs increased by 333%, with this percentage expected to rise to 490% by 2021. more information
New Japanese oil giant created with Idemitsu-Showa Shell merger
01-Apr-2019 by The Japan Times
Idemitsu Kosan Co., Japan’s second-largest oil wholesaler, and fourth-ranked Showa Shell Sekiyu K.K. merged Monday, creating a new oil giant to better compete in increasingly challenging market conditions amid falling demand for gasoline. more information
New Brazilian crude grade trickles into China amid Venezuela sanctions
01-Apr-2019 by Hellenic Shipping News
Brazil’s new grade of medium heavy crude oil, known as Buzios, is making inroads into the Chinese refining sector despite quality issues, helped by US sanctions that have curbed the supply of competing grades from Venezuela. more information
Divergence in diesel and petrol prices is forecast to continue widening
01-Apr-2019 by Business Day
Oil production growth has not had to meet demand growth in its entirety for two years, but the extent of the inventory overbuild is not a patch on what it was in 2016 more information

28-Mar-2019

South Africa: Electricity price increases to cost over 90,000 mining jobs
28-Mar-2019 by Northafricapost.com
Earlier this year, South Africa’s National Energy Regulator said that Eskom could hike tariffs by 9.41 percent in 2019, 8.10 percent in 2020 and 5.2 percent in 2021. more information
Illegal oil drilling destroys forest park in Jambi, Sumatra
28-Mar-2019 by Tempo
An aerial of Sultan Thaha Syaifuddin forest park that has changed functions and is now filled with oil storage ponds from illegal oil drilling activities. more information
Stories of loss and anxiety emerge in Colorado's oil debate
28-Mar-2019 by Oil City News
Colorado’s long-running battle over oil and gas drilling in suburban neighborhoods has erupted again, and this time the stakes are deeply personal. more information
Next US shale wave will need fewer heads, different skills
28-Mar-2019 by RigZone
U.S. shale oil and gas explorers are once again in the limelight, following the International Energy Agency’s forecast that a “second” shale revolution was on the horizon. more information

27-Mar-2019

Biofuel concept could offset Australia’s critically low oil reserves
27-Mar-2019 by Prime Mover
Electrification looms large on the horizon as an inevitability for medium range commercial vehicles especially in urban delivery applications, yet, the safe adaptation of it in long haul road transport is still, according to some leading engineers, Peter Hart among them, more than 30 years away. more information
Production of crude oil as a percentage of proved reserves
27-Mar-2019 by Green Car Congress
Between 1987 and 2017, production of crude oil as a percentage of proved reserves of crude oil decreased for both the United States (from 10.8% to 9.7%) and the world (from 3.0% to 1.8%). more information
Electricity costs from battery storage down 76% since 2012
27-Mar-2019 by www.utilitydive.com
Within the past year, the levelized cost of electricity (LCOE) for lithium-ion batteries has fallen 35% to $187/MWh, according to the latest analysis by Bloomberg New Energy Finance (BNEF). more information
Pakistan expected oil discovery is located near Iran border
27-Mar-2019 by Gulf News
Pakistan’s expected discovery of massive oil reserves is located 230km off shore Karachi close to the Iran borders, a senior official has confided to Gulf News. more information
Map: The countries with the most oil reserves
27-Mar-2019 by Visual Capitalist
There’s little doubt that renewable energy sources will play a strategic role in powering the global economy of the future. But for now, crude oil is still the undisputed heavyweight champion of the energy world. more information

26-Mar-2019

Southern California Edison Updates Pricing Schedules For Business Clients
26-Mar-2019 by Lbbusinessjournal.com
As a result, the utility has shifted its most expensive period for electricity usage to take place between 4-9 p.m., instead of the previous noon to 6 p.m. schedule. more information
PetroChina expects its Venezuelan crude imports to fall 33% to 10 mil mt in 2019
26-Mar-2019 by S&P Global Platts
PetroChina Ltd, the listed subsidiary of state-owned CNPC, expects its crude imports from Venezuela to drop by about a third to around 10 million mt (about 186,000 b/d) in 2019 from 15 million mt in 2018, a senior executive said late Thursday. more information
Oil and gas regulation in Oman
26-Mar-2019 by Lexology
The Oil and Gas Law (Royal Decree 8/2011) is the key piece of legislation in the oil and gas sector. The law sets out broad and general obligations for parties that are granted interest in hydrocarbon assets in Oman. more information
Petrobras reviewing a deal with China's CNPC to build an oil refinery
26-Mar-2019 by MercoPress
Brazil's Petrobras is re-evaluating a preliminary deal with China National Petroleum Corporation (CNPC) to build an oil refinery in the state of Rio de Janeiro, Brazilian economic newspaper Valor Economico reported on Thursday, citing a source from Petrobras’ management. more information

25-Mar-2019

Oil and Gas employs near 350,000 Texans in 2018
25-Mar-2019 by Rigzone
The oil and natural gas industry employed over 348,000 Texans in 2018, Todd Staples, president of the Texas Oil & Gas Association (TXOGA), revealed in a statement published on TXOGA’s website earlier this week. more information
The biggest oil and gas companies in 2018
25-Mar-2019 by Offshore Technology
Sinopec continued to lead the world’s biggest oil and gas companies in 2018, enjoying a double-digit revenue growth when compared to 2017. more information
France: How big oil could become big electricity
25-Mar-2019 by Oilprice.com
French Total led the way by buying local electricity retailer Direct Energie last year for more than US$1.7 billion. According to CEO Patrick Pouyanne, electricity will be the energy of the 21st century and Total is using every opportunity to expand there. more information

22-Mar-2019

China targets 10% reduction in industrial electricity costs
22-Mar-2019 by www.caixinglobal.com
The reduction will be also bolstered by a reduction in value-added tax (VAT). more information

21-Mar-2019

Reliance selling fuels from India to Venezuela to avoid US sanctions
21-Mar-2019 by Live Mint
India's Reliance Industries, operator of the world's biggest refining complex, has turned to selling fuels to Venezuela from India and Europe to circumvent sanctions that bar US-based companies from dealing with state-run PDVSA, according to trading sources and Refinitiv Eikon data. more information
Vietnam hikes retail electricity prices by 8.36 pct
21-Mar-2019 by Reuters
Vietnam has raised its retail electricity price by 8.36 percent to an average of 1,864.4 dong ($0.0804) per kilowatt hour more information

20-Mar-2019

he electric car, technological disruption, and climate change
20-Mar-2019 by PHYS
The key ingredients for decarbonization of the American economy are renewable energy and the electric car. Most of America's use of fossil fuels is in transportation. more information
Thailand: Massive petrol-smuggling operation uncovered in South
20-Mar-2019 by The Nation
Soldiers and paramilitary rangers intercepted 290,000 litres of petrol being smuggled at a pier in Nakhon Si Thammarat’s Tha Sala district early Wednesday morning. more information
Egypt: Electricity price increase to be settled within 2 months, applied in July
20-Mar-2019 by Menafn.com
An increase in the tariff will be for households by 18-22%, while 30-40% will be for factories with an expected gradual increase. more information
Second surprise crude oil draw sends prices higher
20-Mar-2019 by OilPrice
The American Petroleum Institute (API) reported a surprise draw in crude oil inventory of 2.133 million barrels for the week ending March 15, coming in under analyst expectations of a 309,000-barrel build. This is the second week in a row for a surprise draw. more information

19-Mar-2019

Oil hits 2019 high as OPEC+ re-commits to cuts in the near term
19-Mar-2019 by Bloomberg
Oil closed at its highest yet this year as OPEC and its partners committed to continuing production cuts until at least June, when they will meet to discuss an extension. more information
Taiwan: Ministry freezes electricity prices again
19-Mar-2019 by www.taipeitimes.com
The electricity review committee rejected Taipower’s proposal to raise power prices by 6.48 percent as the crude and coal prices are expected to fall. more information
The U.S. Gulf Coast became a net exporter of crude oil in late 2018
19-Mar-2019 by U.S. Energy Information Administration
In the last two months of 2018, the U.S. Gulf Coast exported more crude oil than it imported. Monthly net trade of crude oil in the Gulf Coast region (the difference between gross exports and gross imports) fell from a high in early 2007 of 6.6 million barrels per day (b/d) of net imports to 0.4 million b/d of net exports in December 2018. more information

18-Mar-2019

Singapore: Are our electricity prices one of the highest in the world?
18-Mar-2019 by www.gov.sg
As a small country with no natural resources, Singapore imports almost all our energy needs, for which we pay global prices more information
OPEC, Russia to cut oil production even more, but for how long?
18-Mar-2019 by MarketWatch
OPEC and a group of 10 oil-producing nations led by Russia are deepening their crude production cuts, but remain split on whether the curbs should remain in place through the end of the year, officials said Sunday. more information
Oil slips on economic slowdown, but OPEC-led cuts still support
18-Mar-2019 by Reuters
Oil prices dipped on Monday amid concerns that an economic downturn may dent fuel consumption, but crude markets remain broadly supported by supply cuts led by producer group OPEC and U.S. sanctions against Iran and Venezuela. more information
Philippines: Big-time oil price hike this week
18-Mar-2019 by Manila Bulletin
Pump prices of gasoline products are anticipated to rise by as much as P1.50 to P1.65 per liter this week, owing primarily to cost upswings in the world market. more information
High oil price volatility may continue due to structural factors, says expert
18-Mar-2019 by Hellenic Shipping News
International oil prices are likely to continue to see high volatility in the coming few years with structural causes unresolved, according to Roger Diwan, vice president of financial services and energy with international consultancy company IHS Markit. more information

15-Mar-2019

US oil retreats from 2019 high on soaring production
15-Mar-2019 by CNBC
U.S. crude futures briefly hit a 2019 high on Friday but later retreated along with benchmark Brent oil as worries about the global economy and robust U.S. production put a brake on prices. more information
71% of Americans still leery of self-driving cars
15-Mar-2019 by Transport Topics
The portion of Americans who fear autonomous vehicles — 71% in AAA’s latest survey — virtually is unchanged from a year ago and up 8 percentage points from 2017. more information
Was 2018 the peak for crude oil production?
15-Mar-2019 by OilPrice.com
The following OPEC charts were created with data from the OPEC Monthly Oil Market Report. All OPEC charts are through February 2019 and is in thousand barrels per day. more information

14-Mar-2019

USA: EPA looks to move forward with blending more ethanol in your summer gasoline
14-Mar-2019 by The Drive
The United States Environmental Protection Agency (EPA) looks to move forward with allowing a higher concentration of ethanol to be blended with gasoline year-round. more information
Senegal: How data collected from mobile phones can help electricity planning
14-Mar-2019 by www.allafrica.com
In sub-Saharan Africa, there are more people with mobile phones than access to electricity, as people are willing to commute to get a signal and/or charge their phones. more information
Zimbabwe: 30 % electricity tariff hike
14-Mar-2019 by Zwnews.com
The rise in production costs following the devaluation of the local currency last month has led to Zimbabwe's power utility company to consider increasing electricity tariffs by as much as 30 percent. more information

13-Mar-2019

Trump advances changes to unleash ethanol sales in gasoline
13-Mar-2019 by Bloomberg
The Trump administration on Tuesday advanced a plan meant to expand the U.S. market for corn-based ethanol and place trading restrictions on credits that refiners use to prove they are using biofuel. more information
South Africa: KZN electricity costs set to surge well over 13% in April
13-Mar-2019 by www.iol.co.za
On Thursday, the National Energy Regulator of SA (Nersa) granted Eskom a 9.41% increase for the 2019/20 financial year. It kicks in on April 1. more information

12-Mar-2019

OPEC to break bread with shale competitors for third year
12-Mar-2019 by Business Times
OPEC officials are scheduled to meet for dinner with senior executives from North America's booming shale oil industry in Houston as the balance of power in global energy markets continues its swing to the US from the Middle East. more information
'No peak' in oil demand yet, despite electric cars, IEA says
12-Mar-2019 by CNN Business
Despite the rise of electric vehicles, the International Energy Agency does not see oil demand growth plateauing through at least 2024. more information
Shale drillers are cutting billions of dollars in spending, raising questions about US oil output
12-Mar-2019 by CNBC
Independent shale oil drillers are cutting spending, but U.S. oil output is still expected to surge this year. more information

11-Mar-2019

Macron eyes 'more ambitious' energy and climate law
11-Mar-2019 by The Hill
French President Emmanuel Macron's office said Sunday that it will delay submitting a draft of an energy and climate law so that it can be reworked with more ambitious environmental goals. more information
Taiwan: CPC maintains fuel prices to match S Korean price level
11-Mar-2019 by Taipei Times
Prices of gasoline and diesel at CPC Corp, Taiwan (CPC, 台灣中油) gas stations are to remain unchanged this week, the firm said. more information
Bahrain's Bapco sees oil trading opportunities as it expands refinery
11-Mar-2019 by Reuters
Bahrain plans to commission its expanded oil refinery by early 2023, allowing it to sell and trade more petroleum products in the Gulf region and Asia, the chief executive of state-owned oil company Bapco said. more information
China: State Grid promises cheaper electricity for businesses
11-Mar-2019 by http://www.china.org.cn
The power price for commercial purposes went down 10.6 percent to 0.72 yuan (about US$0.11) per kwh last year, saving 79.2 billion yuan for businesses. more information
US to surpass Saudi Arabia as world’s top crude oil exporter
11-Mar-2019 by International Business Times
Thank you, shale oil. The United States will become the world’s largest oil exporting country by annual output this year, overtaking erstwhile leader Saudi Arabia. more information

08-Mar-2019

Kenya: How you consume power now determines monthly charges
08-Mar-2019 by www.nation.co.ke
The classes, which saw electricity consumers automatically moved to higher bands if they consistently breached the 100 units a month consumption rate, kicked off on Wednesday with customers receiving text messages about the changes. more information

07-Mar-2019

Americas Solar Power Market, Forecast to 2022
07-Mar-2019 by www.prnewswire.com
Except for Chile, Latin American countries have lagged behind North American markets but are now experiencing considerable expansion due to favorable regulations that include auction systems and net metering policies. more information

06-Mar-2019

How electric vehicles could make America's crumbling roads even worse
06-Mar-2019 by GreenBiz
U.S. roads and bridges are in abysmal shape — and that was before the recent winter storms made things even worse. In fact, the government rates over one-quarter of all urban interstates as in fair or poor condition and one-third of U.S. bridges need repair. more information
Vietnam: Electricity prices to increase by 8 percent this month
06-Mar-2019 by en.vietnamplus.vn
The retail electricity price will be adjusted from the current 1,720 VND (7 US cents) per kWh to 1,864 VND per kWh (8 cents) excluding value-added tax. more information
What Iran’s 1979 revolution meant for US and global oil markets
06-Mar-2019 by Brookings
The Iranian revolution sparked the world’s second oil shock in five years. Strikes began in Iran’s oil fields in the autumn 1978 and by January 1979, crude oil production declined by 4.8 million barrels per day, or about 7 percent of world production at the time. more information

05-Mar-2019

Renewable hydrogen could help solve Australia’s lack of fuel reserves
05-Mar-2019 by Renew Economy
Australia has been willfully out of compliance with International Energy Agency treaty obligations as to fuel reserves for years. more information
Diesel fuel market projected to be resilient during 2025
05-Mar-2019 by Cryptocurrency News
Diesel fuel is witnessing significant demand from various sectors, particularly automotive and transportation. more information
North Korea keeps busting sanctions, evading US-led sea patrols
05-Mar-2019 by Parker City News
A top secret U.S. military assessment found that is still evading U.N. sanctions by transferring oil at sea, and that a coalition of U.S.-led forces deployed to disrupt the movements has failed to dent the overall number of illegal transfers, three U.S. officials familiar with the intelligence told NBC News. more information
Wireless EV charging market to show promising growth in future electric vehicles
05-Mar-2019 by Honest Businessman
Considerable research has been done in the electric vehicle (EV) wireless technology for the last decade, as electric vehicles are expected to be an essential part of the future of the automotive industry. more information
Taiwan: Electricity prices projected to rise to NT$3.39 per kWh by 2025
05-Mar-2019 by Focustaiwan.tw
Electricity consumption in Taiwan is projected to grow by 1.86 percent annually from 2018 to 2025 and electricity prices to increase 29 percent to NT$3.39 (US$0.11) per kilowatt hour (kWh) by 2025. more information

01-Mar-2019

USA: Here's how much your electricity bill will cost on average in every state
01-Mar-2019 by eu.usatoday.com
Many factors can impact the price of electricity in a given area. For example, natural resources influence which fuel sources are more likely to be used to produce electricity, and weather conditions affect how much power is needed. In some areas, such factors can reduce the price of energy, while in others they may contribute to significantly higher prices. more information

28-Feb-2019

Electric Ireland to increase electricity and gas prices by 4% from April
28-Feb-2019 by www.irishtimes.com
Increase will add more than €60 on average to annual household energy bills. more information
Trump agencies bicker over ethanol plan as higher fuel use looms
28-Feb-2019 by Bloomberg
President Donald Trump’s pledge to his rural agricultural base to allow year-round sales of higher blends of ethanol is spurring differing opinions between two key federal agencies. more information
Vietnamese tanker bound for North Korea with gasoline cargo as Trump, Kim meet in Hanoi
28-Feb-2019 by Reuters
Vietnamese tanker was bound for North Korea carrying 2,000 tonnes of gasoline, Refinitiv shipping data showed, just as North Korean leader Kim Jong Un and U.S. President Donald Trump prepared for key talks on security and cooperation in the Vietnamese capital Hanoi. more information
Israel: Gasoline prices to rise sharply Thu night
28-Feb-2019 by Globes
The maximum price of government price controlled 95 octane gasoline at self-service pumps in Israel will rise by NIS 0.21 to NIS 6.12 per liter on Thursday night at midnight, March 1. more information
China raises gasoline, gasoil exports to African countries
28-Feb-2019 by Hellenic Shipping News
China exported 51,000 mt of gasoline to Nigeria in January, the first such export to the African country, latest data from General Administration showed. more information

27-Feb-2019

Bioscience engineers turn plant waste into gasoline
27-Feb-2019 by Plains Gazette
Bioscience engineers developed a method to turn plant waste into gasoline, according to a study published on September 24, 2018. more information
Canada: January inflation rate slows to 1.4% amid lower gasoline prices
27-Feb-2019 by Global News
The country’s annual inflation rate decelerated last month to 1.4 per cent in January in large part because of lower prices at the pump, Statistics Canada said Wednesday said in a new report. more information
In Beijing, you have to win a license lottery to buy a new car
27-Feb-2019 by Bloomberg
It’s not the half-million-yuan price tag keeping Beijing resident Sandra Zhao from buying her dream car, a BMW X4 SUV. It’s the license plate she needs to have a conventional gasoline car. more information
Japan: Kyushu Electric Power to cut household rates
27-Feb-2019 by www.nippon.com
The monthly electricity bill for an average household is expected to fall by 72 yen with the first price cut by the company since September 2008. more information

26-Feb-2019

Philippines: Gasoline, diesel, kerosene prices up for 3rd consecutive week on Tuesday
26-Feb-2019 by GMA News
Higher pump prices of petroleum products will again greet motorists on Tuesday, marking the third consecutive week of fuel price increases. more information
Millennials grab the wheel and step on the gas
26-Feb-2019 by Energy Institute at Haas
Starting around 2012 there was a lot of discussion about millennials being different. “Why Don’t Young Americans Buy Cars?” asked Jordan Weissman in the Atlantic. “Why Aren’t Younger Americans Driving Anymore?” wrote Brad Plumer in the Washington Post. more information
Taiwan: Diesel price to increase, but gasoline unaffected
26-Feb-2019 by Taipei Times
Domestic diesel prices are up NT$0.4 per liter this week, while gasoline prices remain unchanged, Taiwan’s two major suppliers announced yesterday. more information

25-Feb-2019

China's gasoline exports soar to second highest on new quotas
25-Feb-2019 by Bloomberg
China’s outbound gasoline shipments soared to the second highest on record in January as refiners exhausted fresh export quotas with surging supplies from plants being upgraded to produce higher standard fuel. more information
Australia: Recommendations to reform electricity prices accepted
25-Feb-2019 by Utilitymagazine.com.au
The ACCC found in its retail electricity pricing inquiry that current discounting practices confuse consumers, as high headline discounts do not always result in lower electricity prices. For example, one offer available in the market with a 35 per cent discount cost the average customer $887 more per year than another offer that had no discount. more information
Kazakhstan bans rail import of gasoline from Russia
25-Feb-2019 by Azernews
Kazakhstan has imposed a three-month ban on the import of gasoline by rail from Russia under the order of the Energy Minister of Kazakhstan Kanat Bozumbayev, Trend reports via Kazakh media. more information

22-Feb-2019

Canada: Why the carbon tax will cost some Maritimes families more than others
22-Feb-2019 by Theconversation.com
This year, Canadian households will be paying for their greenhouse gas (GHG) emissions. How much each household pays will depend not only on the amount of energy they consume, but also on where they live. more information
Ohio drivers may soon be paying more for gasoline
22-Feb-2019 by WTOV9
Ohio drivers may soon be paying more for gasoline. State legislators are in talks to potentially raise the gas tax by 18 cents per gallon. more information
Brazil economy, gasoline price hikes boost ethanol outlook as crop nears
22-Feb-2019 by Reuters
Rising gasoline prices in Brazil and improved economic prospects in 2019 are boosting the outlook for ethanol sales and mills may once again skew toward the biofuel and away from sugar as the new cane crop approaches. more information

21-Feb-2019

South Korean gasoline suppliers shift focus to Americas from Australia
21-Feb-2019 by S&P Global
Australia's growing preference for cheaper gasoline supply from Europe will likely continue encouraging South Korean auto fuel producers to diversify their export outlets to the Americas, while the companies may also favor sending cargoes to Japan due to higher premiums it pays. more information
Delhi govt may continue subsidy on power tariff
21-Feb-2019 by www.millenniumpost.in
Under the current tariff regime, consumers are divided into 12 categories, including domestic, non-domestic, industrial and agricultural. more information
Iran says it’s now self-sufficient in gasoline
21-Feb-2019 by OilPrice.com
Iran has launched the third phase of a new refinery, making the country self-sufficient in gasoline production, Iranian Oil Minister Bijan Zangeneh said on Monday. more information
U.S. gasoline prices rise on refinery problems
21-Feb-2019 by UPI
Gasoline prices rose week-over-week in the United States, mainly due to refinery maintenance -- when plants stop or limit productions to sell only from inventories. more information

20-Feb-2019

Iran doubles gasoline production in five years
20-Feb-2019 by Azenews
Iran intends to become one of the largest exporters of gasoline in the region and in the world and has taken another important step to achieve this goal. more information
New Zealand: Electricity Price Review proposes help for struggling households
20-Feb-2019 by www.stuff.co.nz
In September, the review reported that more than 100,000 households spent more than 10 per cent of their income on power bills. more information
Hungary Mol raises fuel prices
20-Feb-2019 by Portfolio
Hungarian oil and gas group Mol has raised the wholesale list price of 95-octane gasoline and diesel by HUF 5 per litre each on Wednesday. more information
As gasoline pumps run dry, Venezuelans resort to plastic jugs
20-Feb-2019 by Bloomberg
Gasoline shortages are popping up outside of Caracas after last month’s sanctions created a de facto ban on Venezuelan fuel purchases from the U.S. more information

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India: You may soon be able to buy petrol, diesel from supermarket
00--0000 by Business Today
The government is likely to soon permit supermarkets to retail petrol and diesel in its bid to ease fuel access to end consumers. The Ministry of Petroleum and Natural Gas in this regard may come up with a Cabinet note to relax existing norms, the Business Standard reported, citing sources. more information
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