Global petrol prices news digest

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18-Oct-2019

Kuwait: Panel formed to review power tariff rates in industrial sector
18-Oct-2019 by Menafn.com
Minister of Oil and Minister of Electricity and Water Dr Khaled Al-Fadhel has formed a committee to amend the electricity and water tariff rates, reports Al-Rai daily. more information

17-Oct-2019

UK: Asda cuts fuel prices after retailers accused of overcharging
17-Oct-2019 by Country Press
Asda is to cut its fuel prices amid claims that retailers are failing to pass on reduced wholesale costs. The supermarket giant said it will reduce the cost of diesel by 3p per litre and petrol by 2p per litre on Thursday. more information
Higher "eco levy": electricity prices in Germany expected to rise
17-Oct-2019 by www.iamexpat.de
The so-called “eco levy” (EEG-Umlage) is set to increase by 5,5 percent in 2020, to 6,756 cents per kilowatt-hour. For a two-person household with an annual electricity consumption of 2.400 kilowatt hours, this amounts to around 8,40 euros extra per year. more information
India: Petrol, diesel price at its lowest this month
17-Oct-2019 by LiveMint
As crude oil rates continue to slide, the price of petrol and diesel have reached its lowest in October. After leaving fuel rates untouched in the last two days, state-run oil marketing companies made no change in prices for the third consecutive day today. more information
Australia: Big chain petrol more expensive
17-Oct-2019 by New Castle Herald
Independent petrol sellers offered consistently lower fuel prices than their bigger rivals in 2018, the competition watchdog has found. more information
UK: Why Grant Shapps shouldn’t accelerate the ban on petrol and diesel cars
17-Oct-2019 by The Spectator
How fortunate that electric vehicle technology has moved on to the extent that transport secretary Grant Shapps is able to announce he in looking at bringing forward to date on which petrol and diesel cars will be banned from 2040 to 2035. Or maybe not. more information

16-Oct-2019

World: Could Tesla eventually ‘Amazon’ gasoline carmakers?
16-Oct-2019 by Market Realist
Tesla delivered a record number of cars in the third quarter. Electric vehicle enthusiasts believe that electric vehicles will eventually phase out internal combustion engine cars. However, there’s a wide array of estimates on the pace of vehicle electrification. more information
UK: The country considers road pricing to replace lost fuel revenue
16-Oct-2019 by Fleet Europe
The ‘looming black hole’ of lost tax revenue raised from petrol and diesel sales, as drivers switch to electric power, has led British MPs to kickstart a national debate about road pricing. more information
UK: Falling petrol prices keep lid on UK inflation in September
16-Oct-2019 by Euronews
Britain’s inflation rate failed to rise as expected last month as petrol prices fell at the fastest rate in more than three years, a boost to consumers ahead of Brexit. more information

15-Oct-2019

Europe: Concerns as EU bank balks at plan to halt fossil fuel investments
15-Oct-2019 by The Guardian
The European Investment Bank (EIB) has balked at a proposal to halt new investments in fossil fuels, raising concerns that Germany and other nations are plotting to water down what would be one of the financial sector’s most ambitious climate moves. more information
World: The cheapest and most expensive places to buy petrol in 2019
15-Oct-2019 by CNBC
Crude oil prices were volatile after the attack on Saudi Arabia’s oil infrastructure facilities last month. Here are ten countries where petrol is the cheapest and most expensive. more information
USA: US green economy has 10 times more jobs than the fossil fuel industry
15-Oct-2019 by New Scientist
The green economy has grown so much in the US that it employs around 10 times as many people as the fossil fuel industry – despite the past decade’s oil and gas boom. The fossil fuel sector, from coal mines to gas power plants, employed around 900,000 people in the US in 2015-16, government figures show. more information
World: Remarks by OPEC Secretary General at the 3rd India Energy Forum by CERA Week
15-Oct-2019 by Organization of the Petroleum Exporting Countries
Delivered by HE Mohammad Sanusi Barkindo, OPEC Secretary General, at the 3rd India Energy Forum by CERAWeek, Topic: Impact of Global Oil Markets on India, 15 October 2019, Taj Palace, New Delhi. more information

14-Oct-2019

OPEC Bulletin Commentary: Consistency and continuity are key
14-Oct-2019 by Organization of the Petroleum Exporting Countries
After a summer lull, the autumn energy meeting and events calendar ramped up into full swing during September. Two of the focal points were the World Energy Congress (WEC) and the 16th Meeting of the OPEC-non-OPEC Joint Ministerial Monitoring Committee (JMMC), both of which were held in Abu Dhabi during the week of September 9–13. Then on September 14, the 5th Iraq Energy Forum was held in Baghdad. more information
USA: Crude oil used by U.S. refineries continues to get lighter in most regions
14-Oct-2019 by U.S. Energy Information Administration
The API gravity of crude oil input to U.S. refineries has generally increased, or gotten lighter, since 2011 because of changes in domestic production and imports. Regionally, refinery crude slates—or the mix of crude oil grades that a refinery is processing—have become lighter in the East Coast, Gulf Coast, and West Coast regions, and they have become slightly heavier in the Midwest and Rocky Mountain regions. more information
Switzerland: Electricity price continues to fall (in German)
14-Oct-2019 by Energate-messenger.ch
"Both coal, gas and carbon prices fell and pulled electricity prices down," said Elcom in its weekly market report. more information

10-Oct-2019

World: Making sense of the EV charging math
10-Oct-2019 by CSP Daily News
While retailers may be pondering the opportunity of installing electric vehicle (EV) charging stations, enough comparative numbers exist to help business owners begin the review process, an EV consultant said during a packed educational session at the 2019 NACS Show in Atlanta. more information
USA: California’s high gasoline prices are no accident
10-Oct-2019 by Forbes
An October 8 CNN story about gasoline prices carried this headline: “California gas prices soar above $4, reaching the highest price in five years.” One can only wonder if most Californians understand that that is all part of their state government’s plan. more information
In Zimbabwe, Price of Electricity Shoots Up 320%
10-Oct-2019 by www.voanews.com
Authorities said the hike was needed for the power company to be able to afford to maintain its equipment and buy fuel for its generators. more information

09-Oct-2019

Taiwan: Gasoline, diesel prices to fall for third straight week
09-Oct-2019 by Taipei Times
Domestic gasoline and diesel prices will decrease by NT$0.8 and NT$0.9 per liter respectively this week to reflect declining international crude oil prices, CPC Corp, Taiwan (CPC, 台灣中油) and Formosa Petrochemical Corp (台塑石化) announced separately yesterday. more information
Turkish Govt Shocks Citizens with Electricity Prices
09-Oct-2019 by Aawsat.com
The Turkish Energy Market Regulatory Authority (EPDK) announced Tuesday raising consumer electricity prices by 14.9 percent, knowing that the prices witnessed an equal raise in July. Earlier, OECD issued a report pointing out that the electricity prices in Turkey rose by 307 percent since 2003. more information
World: Gasoline – A real demand indicator for crude oil
09-Oct-2019 by Money Control
The gasoline is one of the major demand side indicators which suggest the consumption pattern in US economy and other countries about the pace of growth in the market. more information
USA: Most states see gasoline prices decline or plateau this week
09-Oct-2019 by Transportation Today
Gasoline prices in most of the country are either the same or less expensive than last week, according to AAA, with the national average at $2.65 a gallon. more information

08-Oct-2019

World: International energy outlook 2019
08-Oct-2019 by U.S. Energy Information Administration
The International Energy Outlook presents an assessment by the U.S. Energy Information Administration of the outlook for international energy markets through 2050. more information
Malaysia: The country to roll out targeted fuel subsidy from January
08-Oct-2019 by Nikkei Asian Review
Malaysia on Monday announced a long-delayed targeted fuel subsidy program in a move that economists said will shrink its hefty social assistance bill and demonstrate its commitment towards fiscal consolidation. more information
India: The country has 150 million drivers and only 8000 want electric cars
08-Oct-2019 by Bloomberg
Hyundai Motor Co. launched India’s first electric SUV this summer with a quirky TV commercial urging millennials to “Drive Into the Future.” A few months later, the automaker finds itself on a lonesome road. more information
Iran: No decision made on rationing subsidized gasoline
08-Oct-2019 by Tehran Times
Iranian parliament (Majlis) speaker Ali Larijani said the parliament has not still made any decision about rationing the subsidized gasoline, Tasnim news agency reported. more information

07-Oct-2019

Barbados: Petroleum prices down
07-Oct-2019 by Barbados Today
Gasoline will be adjusted from $3.81 per litre to $3.65 per litre, which represents a decrease of 16 cents; the price of diesel will drop by 1 cent, from $3.02 per litre to $3.01 per litre, and kerosene will go from $1.35 per litre to $1.31 per litre, a reduction of 4 cents. more information
Europe: Denmark calls for EU strategy to phase out diesel and petrol cars from 2030
07-Oct-2019 by Reuters
Denmark, backed by 10 other European Union countries, on Friday called for a strategy to phase out diesel and petrol cars, including allowing the ban of sales at member state-level by 2030 to combat climate change. more information
Zimbabwe: Zedtc Seeks Upward Power Tariff Review
07-Oct-2019 by Allafrica.com
In the notice ZETDC said, "The current tariff of ZWLc38,61kWh has been severely eroded due to the movement of macroeconomic fundamentals. Therefore viability and service delivery has been severely compromised. more information
Zimbabwe: The country raises petrol prices by more than 25%
07-Oct-2019 by Eyewitness News
The price of petrol went up again in Zimbabwe on Sunday, this time by more than 25%, the latest blow in a country battling out-of-control inflation. The Zimbabwe Energy Regulation Authority announced the price of diesel would immediately rise to 16.64 Zimbabwe dollars (about US$1), while petrol would go up to 14.97 Zimbabwe dollars. more information

02-Oct-2019

Oil shipping rates from U.S. to Asia hits three-year high, quieting November trade
02-Oct-2019 by EuroNews
Freight rates for U.S. crude tankers bound for Asia were bid up to a more than three-year peak this week as U.S. sanctions on a Chinese transport giant cut vessel availability, traders and ship brokers said. more information
Singapore: Electricity tariff to fall next quarter after rising to near 5-year high
02-Oct-2019 by https://www.channelnewsasia.com
The tariff will decrease by an average of 3.3 per cent, or 0.79 cent per kilowatt hour (kWh), compared to the previous quarter. This is mainly due to the lower cost of natural gas for electricity generation, SP Group said on Monday (Sep 30). more information
Are Russia and Saudi Arabia still pumping too much oil?
02-Oct-2019 by Bloomberg
This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s. more information
Norway wealth fund gets nod to sell $US6b in oil stocks
02-Oct-2019 by Financial Review
Norway's massive wealth fund has won approval to sell oil and gas stocks worth $US5.9 billion ($8.8 billion), ending a two-year process that has reduced an initial proposal to dump all its petroleum investments to a more moderate divestment. more information
Iran: Iran says oil market back to normal after Saudi attack
02-Oct-2019 by Reuters
Iran’s Oil Minister Bijan Zanganeh said during a trip to Moscow on Wednesday that the global oil market was in a normal condition following an attack on Saudi oil infrastructure earlier this month. more information

01-Oct-2019

Will Pemex take control of US firm’s huge oil find in Gulf of Mexico?
01-Oct-2019 by Mexico News Daily
Pemex wants to take over a lucrative private company oil project in the Gulf of Mexico, according to a report by the news agency Reuters. more information
How will China’s electricity price reform affect solar?
01-Oct-2019 by www.pv-magazine.com
Since 2004, the price of electricity in China has been determined annually by the National Development and Reform Commission (NDRC) after discussion with power plant operators and state-owned coal mining companies. more information
Oil falls slightly as weak US economic data dims demand outlook
01-Oct-2019 by CNBC
Oil prices slipped on Tuesday, pressured as weak U.S. economic data dimmed crude’s demand outlook, while reports of an output decline from the world’s largest oil producers in the third quarter kept prices from falling further. more information
5 things to know about Exxon Mobil, the world's largest public oil company
01-Oct-2019 by FOX Business
Whether they “put a tiger in their tank” or filled up under the gaze of a red pegasus, there’s a good chance many drivers have gotten to where they’re going using Exxon Mobil’s gas. more information

30-Sep-2019

World: Oil slides to its worst quarter this year on demand worries
30-Sep-2019 by Bloomberg
SHARE THIS ARTICLE Share Tweet Post Email In this article CL1 WTI Crude 54.53USD/bbl.+0.46+0.85% XB1 Generic 1st 'XB' Future 160.49USd/gal.-4.65-2.82% Oil recorded its weakest quarter since late last year as fears over a global economic slowdown overshadowed an unprecedented attack on Saudi Arabia’s key energy facilities. more information
USA: The U.S. department of energy says more oil, more natural gas
30-Sep-2019 by Forbes
Numerous energy headlines from this past week alone caught my attention. They perfectly illustrate the massive scale of investment plans for oil and gas projects around the world. more information
Discovery of massive oil deposit could be a game-changer for China
30-Sep-2019 by RT
China’s largest oil and gas producer CNPC has announced the discovery of an oilfield that could hold over a billion tons of reserves in the northwest of the country. more information

25-Sep-2019

Australia: Wind and solar electricity just keep getting cheaper
25-Sep-2019 by www.aumanufacturing.com.au
New figures from Bloomberg new energy finance show the continuing fall in the cost of solar and wind generated electricity, which is now the cheapest form of power in two thirds of the world. more information

24-Sep-2019

Europe: Germany, UK, France blame Iran for Saudi oil attacks
24-Sep-2019 by AlJazeera
Iran was responsible for the attacks on two Saudi oil facilities earlier this month, the leaders of the United Kingdom, France and Germany have said in a joint statement, drawing a sharp response from a senior Iranian military official. more information
World: Oil prices fall due to weak economic data
24-Sep-2019 by Reuters
Oil prices fell on Tuesday after weak manufacturing data from Europe and Japan focused market attention on a gloomy outlook for demand and as Saudi Arabia was expected to restore oil output faster than anticipated following attacks last week. more information
Cost of electricity in Germany reaches record high
24-Sep-2019 by www.iamexpat.de
According to calculations by the Federal Network Agency, in 2019 consumers had to pay an average of more than 30 cents per kilowatt-hour (kWh) for the first time ever. On April 1, 2019, the average price was 30,85 cents per kWh, almost a cent more than at the same time last year. more information
Saudi Arabia: Saudi oil production surges back to 75 percent of pre-attack level
24-Sep-2019 by Arab News
Saudi Arabia has restored more than 75 percent of the production lost after attacks on two oil processing plants and will return to full capacity next week. more information
Middle East: Saudi Arabia oil attack a geopolitical game-changer
24-Sep-2019 by Eurasia Review
While the attacks on Saudi Arabian facilities have exposed the vulnerability of Saudi Arabia’s oil facilities and a precarious global economy that such attacks can trigger in the event of any suffering in the oil industry; geopolitically, there is good reason to believe they could be a game-changer in the geopolitics of the Middle East. more information

23-Sep-2019

The Philippines: Oil firms set to implement 2019's biggest hike so far
23-Sep-2019 by Rappler
Local oil firms are set to implement their highest price hike so far this year, a week after two Saudi Arabia facilities were attacked by rebels, as well as continued trade tensions between the United States and China. more information
UK: Johnson blames Iran for Saudi Arabia oil attacks
23-Sep-2019 by BBC News
Prime Minister Boris Johnson has blamed Iran for attacks on Saudi Arabian oil facilities ahead of a meeting with the country's president, Hassan Rouhani. Mr Johnson said there was a "very high degree of probability" Iran was behind the drone and missile attacks on two oil facilities, which Tehran denies. more information
World: Saudi oil shock - who wins, who loses
23-Sep-2019 by Forbes
On September 14th, drones targeted Saudi Arabia's Abqaiq oil refinery and Khurais oil field. The strikes reportedly knocked out more than half of Saudi Arabia's total output. That amounts to a whopping 6-7% of the global daily oil supply. more information
Australia: The best way to stop worrying about oil is to stop depending on it
23-Sep-2019 by The Guardian
The recent drone attack on Saudi Arabian oil refineries has raised fresh concerns that Australia is not meeting our obligation to the International Energy Agency to maintain oil stocks equal to 90 days of consumption. Among other things, it has been suggested that the defence forces might run out of fuel. more information

19-Sep-2019

Fiji: Electricity tariff rate to be reviewed every four years
19-Sep-2019 by www.fbcnews.com.fj
FCCC Chief Executive Joel Abraham confirmed this while announcing the 2.74 percent tariff rate increase. more information

18-Sep-2019

USA: Was the breakout for crude oil a hoax?
18-Sep-2019 by Forbes
I have been showing a potential breakout in Nymex crude oil for the last few weeks. The breakout for oil is on the daily and weekly charts, not at the gasoline pump. more information
Saudi Aramco to delay some of PetroChina's October oil loadings
18-Sep-2019 by Reuters
Saudi Aramco informed PetroChina (0857.HK) on Tuesday that some of its loadings of light crude oil for October will be delayed by up to about 10 days after Saturday’s attacks on the kingdom’s oil facilities, according to a senior Chinese state oil source with knowledge of the matter. more information
World: Crude oil markets meltdown
18-Sep-2019 by Yahoo! Finance
The West Texas Intermediate Crude Oil market shot straight up in the air on Monday, but Tuesday has seen a massive amount of selling pressure to wipe out a huge portion of the gap. more information
Zambia may double electricity prices as droughts slashes supply
18-Sep-2019 by Africanminingmarket.com
Zesco in March asked the energy regulator to more than triple the tariffs, but the government rejected. more information
China just got handed the oil deal of a lifetime
18-Sep-2019 by OilPrice.com
China and Russia are sewing up whatever oil and gas fields and accompanying infrastructure that they can in Iran and Iraq, as Iraq tries to markedly up the pace of development on the fields it shares with Iran. more information

17-Sep-2019

World: Crude oil can top $80; speed of recovery by Saudis will be key
17-Sep-2019 by Economic Times
Brent crude opened for trading this week, exploding 20 per cent higher, its biggest jump in 28 years after attacks on Saudi Aramco’s facilities. This led to the disruption of 5.7 MMbbl/d, which is close to 60 per cent of the gulf nation’s production, putting dent to global supply. more information
USA: Can the US economy handle $100 crude oil?
17-Sep-2019 by Yahoo! Finance
Oil prices spiked the most on record Monday after a weekend attack on Saudi Arabia’s oil facilities wiped out more than 5% of the global oil supply. Crude oil prices initially surged as much as 18%, but retreated after President Trump said he authorized the use of oil from the United States’ emergency oil supply, called the Strategic Petroleum Reserve, “if needed.” more information
Saudi Arabia: Aramco’s oil disruptions could last months (Analyst)
17-Sep-2019 by OilPrice.com
Saudi Arabia’s disrupted oil production may last longer than originally thought, Amrita Sen, chief oil analyst at Energy Aspects Ltd., told Bloomberg on Monday, with full resumption of oil production perhaps not returning for weeks—or even months. more information
Nigerians to pay over N1 trillion in 2020
17-Sep-2019 by Saharareporters.com
This is about N600 billion higher than the estimated N900 billion which the electricity distribution companies are expected to make this year. more information
World: Oil prices could go much higher if there is a military escalation after Saudi attack
17-Sep-2019 by CNBC
U.S. oil production and exports have grown so much that U.S. supply is helping put a lid on the oil rally, following attacks that knocked out more than half of Saudi Arabia’s production. more information

16-Sep-2019

USA: GM strike idles more than 50 factories and warehouses
16-Sep-2019 by Los Angeles Times
More than 49,000 members of the United Auto Workers went on strike Monday against General Motors Co., bringing more than 50 factories and parts warehouses to a standstill in the union’s first walkout against the nation’s top automaker in more than a decade. more information
World: Oil prices had their biggest spike in a decade after Saudi attack disrupts global supply
16-Sep-2019 by CNN Business
Oil prices spiked Monday after a devastating attack on the heart of Saudi Arabian oil production over the weekend shocked markets and could disrupt the global supply of crude for some time. more information
World: Does the world have enough oil to cope with Saudi attacks?
16-Sep-2019 by Bloomberg
Emergency national stockpiles should be adequate to cover any shortfall from the Abqaiq attacks, if needed. A broader Gulf conflict would be a real test. more information
Saudi Arabia: Evidence indicates Iranian arms used in Saudi attack, say Saudis
16-Sep-2019 by CNBC
The Saudi-led military coalition battling Yemen’s Houthi movement said on Monday that the attack on Saudi Arabian oil plants was carried out with Iranian weapons and was not launched from Yemen according to preliminary findings. more information

12-Sep-2019

Indonesia to raise electricity tariff in 2020
12-Sep-2019 by Theinsiderstories.com
Indonesia government plans to increase electricity tariffs for 12 non-subsidized groups starting in 2020 after two years of flat rates. The policy is expected to reduce the government’s financial burden in the state budget more information
Petrol vs Electric: World's fastest cars go head-to-head in 2019 over 1/4 mile
12-Sep-2019 by Irish Tech News
When modern, highway capable electric cars began to rise in popularity in the early 00’s, they had a reputation for being slow and boring to drive. However, with the rise of Tesla, the push towards electric cars as a more sustainable and environmentally friendly means of transportation and the ever-increasing popularity of Formula E, the performance of street-legal electric cars has made tremendous strides in recent years. more information
Nigeria to cut crude oil output to meet OPEC target
12-Sep-2019 by AllAfrica
Minister of State for Petroleum Resources, Mr. Timipre Sylva, yesterday, disclosed that Nigeria would cut down on its crude oil production, this month and in October, in order to comply with the targets set by the Organisation of Petroleum Exporting Countries, OPEC. more information
India: What you should know about high petrol prices
12-Sep-2019 by Yahoo! Finance
India is the world's fastest-growing economy and the fourth-largest auto market by sales volume. Given this, it's not surprising that the country consumed over 250 million tonnes of petroleum, the third highest in the world, in 2018. more information

11-Sep-2019

Philippines: Meralco lowers rates for 5th straight month
11-Sep-2019 by www.rappler.com
This brings the total reduction to P1.52 per kWh since April 2019 more information
Ford expects sales of EVs to outweigh petrol-, diesel-powered models by 2022
11-Sep-2019 by Yahoo!
On the Frankfurt Motor Show's preliminary press day, Tuesday, Ford unveiled a line-up of electric vehicles expected to aid in the company's prediction that EV passenger car sales will eclipse those of traditional combustion engine-powered vehicles by the end of 2022. more information

10-Sep-2019

India: Government will not ban petrol, diesel vehicles
10-Sep-2019 by Trak.in
There’s a lot of news rushing in from the automobile sector. Nonetheless, the government and the finance minister have been trying very hard to lift up the terrible automobile slump that is going on in the Indian economy. Not only have it brought down sales to a significant level, it has also rendered multitudes off their jobs. more information
USA: Americans think EVs need petrol
10-Sep-2019 by Driven
A survey conducted by Ford has revealed 42 per cent of Americans believe they would need to put petrol in an electric car. more information
India: Petrol, diesel demand to grow around 4.7% by 2025
10-Sep-2019 by Business Today
India's overall fuel demand will rise by an average of 4.7 percent a year through the fiscal year 2025 because of improving demand for gasoil as the country's road transport network improves, the Chief Executive Officer for Nayara Energy B. Anand said on Tuesday. more information
India: Uttar Pradesh electricity tariff hiked up to 12 per cent
10-Sep-2019 by www.india.com
The commission, however, abolished the regulatory surcharge of 4.8 per cent for state discoms, therefore providing relief to customers. more information
Australia: Decision of Saudi price set to hit Aussie wallets
10-Sep-2019 by 9News
Australian household budgets are set for another hit after Saudi Arabia's new energy minister confirmed he would limit the kingdom's oil production amid uncertainty in the global energy markets. more information

09-Sep-2019

Nigeria: Border closure crashes prices of petrol and diesel
09-Sep-2019 by AllAfrica
The Managing Director and Chief Executive Officer of Financial Derivatives Company Limited, Mr. Bismarck Rewane, has disclosed that following the closure of the border, petrol now sells for N144 per litre, showing that the closure has blocked smuggling of petrol to the neighbouring countries. more information
UK: New labels on petrol pumps
09-Sep-2019 by Examiner Live
It's all part of the governments' Know Your Fuel campaign where the fuels we put in our vehicles are to be renamed. Diesel will be labelled 'B7' and unleaded petrol will be labelled 'E5'. more information
Electric vehicle sales double in Australia, petrol car sales slump
09-Sep-2019 by The Driven
Electric cars continue to experience unprecedented success in Australia, against a backdrop of continued declining sales petrol and diesel-fuelled vehicles. more information
Australia: Electricity prices hit minus $1000 in Qld
09-Sep-2019 by www.afr.com
By 1.30pm, Queensland had seen six-and-a-half hours of negative prices, with the potential for more, according to the Australian Energy Market Operator, which cited the transmission outage as the primary cause. more information

04-Sep-2019

Russia, OPEC sources say Saudi shake-up won't affect oil pact
04-Sep-2019 by Reuters
Leadership changes in Saudi Arabia’s oil industry will have no effect on cooperation between Moscow and Riyadh, two top Russian officials said, indicating the shake-up won’t derail a global pact to support oil prices by curbing output. more information
Oil prices jump 4.3% on positive economic data from China
04-Sep-2019 by CNBC
Oil prices rose more than 4% on Wednesday, boosted by a wider market pickup on positive news from China, after three days of losses due to fears about a weakening global economy. more information
Hurricane Dorian: Gasoline stockpiling calls for proper storage, disposal
04-Sep-2019 by News-Press.
After the long lines at some Southwest Florida gas stations in anticipation of Dorian last week, some people may find themselves with too much gas. more information
Oil, war, and corruption in Brazil: understanding “Curitiba’s conspiracy”
04-Sep-2019 by Open Democracy
The seemingly never ending number of cases of corruption within the oil industry can help explain Curitiba's conspiracy in Brazil. more information

03-Sep-2019

Kenya rubs shoulders with other oil exporting nations
03-Sep-2019 by All Africa
President Uhuru Kenyatta has flagged-off the inaugural shipment of Kenya's crude oil from the Port of Mombasa, saying the country now joins the league of oil exporting nations. more information
South Africa: Here’s what you’ll pay at the pump this week
03-Sep-2019 by The South African
Minerals and energy minister Gwede Mantashe said on Monday that petrol prices would increase from Wednesday. more information
USA: Red light running deaths hit 10 year high
03-Sep-2019 by AAA NewsRoom
New AAA Foundation data analysis finds more than two people are killed every day in red light running crashes, including drivers, passengers, pedestrians and cyclists more information
How the world of gas pricing in America has changed
03-Sep-2019 by New York Post
The unofficial end of summer is a good time to consider how much things have changed for American motorists. more information

02-Sep-2019

Sanctions choke Iran's crude sales, but oil product exports boom
02-Sep-2019 by AlJazeera
While US sanctions on Iran's oil industry have slashed the OPEC member's crude exports by more than 80 percent, oil product sales from the Islamic republic remain strong at nearly $500m a month, shipping data and calculations by Reuters news agency show. more information
Electricity price for business in Republika Srpska to increase from 31.3 to 35 eurocents per MWh
02-Sep-2019 by Balkangreenenergynews.com
As of September 1, a total of 1,174 industrial consumers connected to 110 kV, 35 kV and 10 kV power lines will have an obligation to choose their supplier, so power utility Elektroprivreda Republike Srpske (ERS) has recently sent them new contracts. According to media reports, the the electricity price was supposed to go up by about 20% on average. more information
Saudi Energy Ministry split sees oil policy continue unchanged
02-Sep-2019 by Bloomberg
The Saudi decision to shrink the energy ministry will leave the kingdom’s oil policy unchanged as the world’s largest crude exporter continues cutting output to balance markets, a person with knowledge of the matter said. more information
U.S. retail gasoline prices heading into Labor Day are lower than last year
02-Sep-2019 by U.S. Energy Information Administration
The U.S. average retail price for all formulations of regular gasoline on August 26, 2019, was $2.57 per gallon (gal), 25 cents/gal (9%) lower than the price at the same time last year. more information

29-Aug-2019

UK: Leading economist describes latest electricity price rise as 'unfair burden on consumers'
29-Aug-2019 by www.belfasttelegraph.co.uk
This is the third consecutive year householders in Northern Ireland have been hit by increases and the recently announced 6.1% addition, due to take effect in October, will add around £35 to the average home's electricity bill. more information
South Africa: Fuel prices set to rise again in September
29-Aug-2019 by IOL
The price of diesel is looking set to increase by around 25 cents a litre from the beginning of September, while 95 Unleaded petrol is likely to increase by 10 cents a litre, but those filling up with 93 Unleaded could actually pay 3 cents less. more information
South Africa: Treasury wants to deregulate the petrol price
29-Aug-2019 by Business Insider
The deregulation of the petrol price may not mean cheaper fuel prices - just more volatile ones, an analyst predicts. more information

28-Aug-2019

Rwanda to phase out gas motorcycle taxis for e-motos
28-Aug-2019 by TechCrunch
The government of Rwanda will soon issue national policy guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. more information
Ban petrol and diesel cars from Scottish cities, says coalition
28-Aug-2019 by The Guardian
A coalition of climate campaigners and business groups have called for a ban on all petrol and diesel vehicles in Scottish cities as part of a multibillion-pound strategy to cut carbon emissions. more information

27-Aug-2019

Zimbabwe: New fuel prices set
27-Aug-2019 by All Africa
The Zimbabwe Energy Regulatory Authority (Zera) has announced new fuel prices that differ depending on location, after the authority - for the first time ever - factored in the cost of trucking fuel. more information
Australia: Motorists 'losing millions of dollars' without real-time petrol pricing
27-Aug-2019 by 9News
The Royal Automobile Association of South Australia (RAA) says motorists are paying millions of dollars more than they should for petrol, because the state government hasn't delivered on a promise to deliver real-time pricing. more information
Nigeria: Fresh worry over electricity tariff increase, sector flaws
27-Aug-2019 by Guardian
The move by the Nigerian Electricity Regulatory Commission (NERC) to fully implement the Multi-Year Tariff Order (MYTO) designed in 2015 and the Minimum Remittance Order for the Year 2019 has raised new arguments on the structure of the Nigerian Electricity Supply Industry (NESI). more information
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