Search result for petroleum
When it comes to oil from Kazakhstan, Germany wants to know how Russia benefits.
Germany has announced that it will not be purchasing any petroleum oil from Russia this year as part of its effort to wean itself off of its former primary energy source. Russian influence over Berlin would be mitigated by an oil agreement with Kazakhstan.
Kazakhstan has sent its first ...
Impact Of Hike In Petrol Prices
In an attempt to escape the impact of rising oil prices, thousands of drivers are racing to automobile repair shops to install liquefied petroleum gas (LPG) or electric systems in their cars. Energy Reform's president, Surasak Nittiwat, said that the business has seen a 200 percent year-over-...
WP maintains a 5% sales growth target
SET-listed WP Energy, Thailand's third-largest liquefied petroleum gas (LPG) dealer, has kept its revenue growth objective of 5% for 2022 as the government steadily reduces its LPG price subsidies.
According to deputy chief executive Noppavong Omathikul, revenue is predicted to clim...
Australia Witnesses Soaring Demand for its Gas Resources
A new report shows how demand for Australian gas resources is soaring and has pushed exports to record levels and is playing a vital role in funding public services and infrastructure.
The Australian Petroleum Production and Exploration Association has informed that according to the lat...
Gas is critical to the economy and the decrease in greenhouse gas emissions
The federal budget has reinforced Australia's oil and gas industry's long-term and considerable economic contribution to the economy, while also paving the way for its involvement in a cleaner energy future.
Andrew McConville, Chief Executive of the Australian Petroleum Producti...
The UAE and Saudi Arabia argue that OPEC+ should not engage in political manoeuvring
The Organization of Petroleum Exporting Countries (OPEC) logo is displayed outside its offices ahead of the OPEC and non-OPEC conference in Austria on December 6, 2019. REUTERS/File Photo/Leonhard Foeger REUTERS
The energy ministers of Saudi Arabia and the United Arab Emirates, both sig...
The US Petroleum Industry Expects to See a Greener Future
As the world awakens to the reality of climate change and its impact on mankind, governments, and entities around the world are shifting from fossil fuels to cleaner and renewable sources of energy to reduce greenhouse gas emissions.
The fossil fuel industry amidst this activism is stru...
United Arab Emirates Energy Firm Gets a 22 Percent Stake in a Gas Field in Israel
On Thursday, 9th December, the Ministry of Energy of Israel said that Mubadala Petroleum of the United Arab Emirates (UAE) had secured 22 percent of stakes in the Tamar gas field situated off the northern coast of Israel.
The UAE-based company bought the stakes for 1.1 billion US dollar...
Thailand’s PTTEP buys 25% stake in an Onshore Exploration Block in the UAE
Thai player, PTT Exploration Production company (PTTEP) has acquired 25 percent stakes in the oil and gas exploration block of the Concession Area C from Eni in Sharjah, UAE.
PTTEP said that their investment was aligned with their focus on petroleum prolific areas in the UAE.
...
JAPAN’S CPI DROPPED 0.1% IN APRIL OVER MOBILE PHONE FEES
Highlights –
- Japan’s CPI dropped 0.1% in April over mobile phone fees.
- Bank of Japan struggled to accelerate inflation toward its elusive 2 percent goal.
- In April, mobile phone fees tumbled 26.5 percent from a year earlier. ...
JAPAN’S SEVEN & i ACQUIRES U.S CONVINIENCE STORE SPEEDWAY LLC
Highlights –
- Japan’s Seven & I acquires U.S convenience store Speedway LLC.
- The Japanese retailer acquired the same despite U.S. antitrust officials saying the deal may be "illegal."
- Tokyo-based Seven & i has a...
KIA CORP. LAUNCHES NEW K8 SEDAN IN SOUTH KOREA
Highlights –
- Kia Corp. launches new K8 sedan in South Korea.
- The car company also showed its new brand logo.
- The new K8 sedan is said to be equipped with advanced safety features.
- The company is said to have received 24,000...
INDIA URGES OPEC TO PRODUCE MORE CRUDE OIL
HIGHLIGHTS
- India has urged OPEC to increase crude oil production.
- The daily output of OPEC is 7 million barrels per day.
India has urged Organization of Petroleum Exporting Countries (OPEC) and its partners to increase oil produ...
SHELL’S INDIAN UNIT STARTING RETAIL SALES OF LNG SOON
HIGHLIGHTS
- Very soon, Shell’s Indian Unit is going start the retail sales of LNG.
- Shell is planning to forge partnerships with many other entities and holders of LNG capacity to increase its reach.
Very soon, the India unit of ...
S. KOREAN OIL REFINERS HIT WITH LOW PROFIT MARGINS DUE TO PANDEMIC IN FY 2020
Highlights –
- S. Korean oil refiners hit with low profit margins due to pandemic in FY 2020.
- SK Innovation Co. and three other major oil refinery companies project a combined net loss.
- The benchmark Singapore complex gross refining mar...
NIKKEI INDEX MAINTAINED GAINS WHILE TOKYO STOCKS ENDED LOWER ON MONDAY
Highlights –
- Nikkei index maintained gains while Tokyo stocks ended lower on Monday.
- The 225-issue Nikkei Stock Average ended down at 211.09 points.
- Topix index of all First Section issues on the TSE ended at 31.60 points.
- ...
TSE OPENED LOW ON MONDAY MORNING; NIKKEI OPENED FLAT
Highlights –
- TSE opened low on Monday morning; Nikkei opened flat.
- The 225-issue Nikkei Stock Average rose by 22.20 points.
- The Topix index of all First Section issues on the TSE was down by 8.15 points.
- Stock issues gaine...
NIKKEI REMAINED AN OVER 29-YEAR HIGH AS TOKYO STOCKS END UP
Highlights –
- Nikkei remained at an over 29-year high as Tokyo stocks end up.
- The 225-issue Nikkei Stock Average ended up at 444.01 points.
- Topix index of all First Section issues on the TSE finished at 28.27 points.
- Stock i...
TOKYO STOCKS RISE ON WEDNESDAY MORNING OVER U.S THE COVID-19 VACCINE ADVANCES
Highlights –
- Tokyo stocks rise on Wednesday morning over the U.S COVID-19 vaccine advances.
- The 225-issue Nikkei Stock Average rose by 432.93 points.
- Topix index of all First Section issues on the TSE was up by 22.85 points.
THE OIL AND GAS SECTOR OF THE U.S. IS LOOKING FORWARD TO GET CREDIT
Highlights:
- The oil and gas sector of the U.S. is waiting to get more credits lenders not willing to spend and oil prices continue to remain below $40.
- Pr...