Latest Stories

Hungary agrees on deferred payments with Gazprom for winter gas deliveries

4 October 2022

Agreement helps ease pressure on Hungary’s widening current account deficit and steady the sinking forint.

LatAmOil: Ecopetrol head says less Colombian oil is going to Asia

4 October 2022

Colombia’s national oil company Ecopetrol is sending a smaller share of its oil exports to Asia this year, as competition for Asian market share has ramped up in recent months.

DMEA: Oil begins flowing to Iraq’s Karbala refinery

4 October 2022

Iraq’s Oil Ministry announced on September 25 that the Karbala refinery had begun receiving feedstock in preparation for trial production.

AfrOil: Gasoline subsidies called main driver of Nigerian public debt

4 October 2022

Patience Oniha, the director-general of Nigeria’s Debt Management Office (DMO), said on September 27 that domestic gasoline subsidies were the primary cause of the ongoing rise in public debt.

Senate demands answers from NUPRC over oilfield allocation

3 October 2022

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) must explain why it allegedly re-allocated the Atala marginal oilfield to a different firm, the Senate has said.

Head of ENOC says UAE’s retail fuel consumption is rising

3 October 2022

The UAE is seeing retail fuel consumption grow on the back of improvements in the economy, but without returning to the level that prevailed before the coronavirus (COVID-19) pandemic.

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