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Domestic refineries unlikely to cut Nigeria’s petrol prices significantly, CPPE says
Domestic refining will improve fuel supply stability in Nigeria but is unlikely to lead to significantly cheaper petrol because crude feedstock remains priced against global oil benchmarks in US dollars
Taiwan secures natural gas supplies through April
Taiwan’s natural gas supply is expected to be sufficient through April, after the country secured almost all shipments needed to replenish inventories.
Attacks on substations leave parts of Odesa without power for days
Repeated Russian strikes on electricity infrastructure have destroyed nearly half of the power distribution substations serving the southern Ukrainian city of Odesa, leaving thousands of residents without reliable electricity.
Iran war shockwaves hit Latin America
That is although region is many thousands of kilometres from Tehran.
EU seeks €30bn for Ukraine and weighs Druzhba pipeline repairs to unblock aid
The EU is seeking up to €30bn in additional funding for Ukraine and is considering helping repair a damaged oil pipeline to overcome a political impasse that has delayed a major aid package for Kyiv.
Indonesia considers fast-tracking ethanol blending in fuel
Indonesia is considering speeding up the introduction of ethanol-blended petrol after global crude prices climbed above $118 per barrel, according to Energy and Mineral Resources Minister Bahlil Lahadalia
Moldova’s state energy trader buys gas for two months through newly established exchange
Energocom Trading, a subsidiary of Moldova’s state energy trader Energocom, has carried out the first transaction on the domestic unregulated natural gas market, intended for the production of thermal and/or electrical energy in April-May.
Sheinbaum vows to activate fuel tax mechanism if Middle East conflict drives up petrol prices
Malaysia pledges to maintain fuel price at $0.50 despite raising global prices
Malaysia will strive to keep the price of RON95 petrol at MYR1.99 per litre, equivalent to about $0.50, despite rising global crude prices triggered by escalating tensions in the Middle East, Prime Minister Anwar Ibrahim said on March 9
Energy strikes raise the prospect of higher fuel costs in Singapore
A fresh escalation in the Middle East conflict that is now targeting key oil and gas infrastructure is likely to push petrol prices higher in Singapore after fuel costs already increased last week
South Korea backs Philippines nuclear energy revival
South Korea has taken a formal step towards supporting the Philippines’ return to nuclear energy, with three major institutions signing an agreement to cooperate on future atomic power projects.
COMMENT: Oil at or above $100 per barrel threatens Indonesia’s Eid spending
Indonesia is heading towards the end of Ramadan, and Eid this year, under a massive cloud of economic stress.
Sri Lanka raises fuel prices as global oil prices surge
Sri Lanka has increased retail prices of petrol and diesel with effect from midnight on March 10, the Ceylon Petroleum Corporation announced, as global crude prices surged following US-Israeli attacks on Iran.
China’s CATL posts stronger-than-expected profits
Fourth-quarter profit reached $146.7mn, compared with a 41.2% increase in the third quarter, marking the company’s largest gain in two-and-a-half years.
Japan plans measures to curb rising energy costs
The Japanese government is considering steps to ease rising gasoline and utility bills amid the Middle East conflict following United States- and Israel-led strikes on Iran.
India asks refineries to boost LPG output amid Middle East tensions
India’s Ministry of Petroleum and Natural Gas has directed oil refineries to increase liquefied petroleum gas (LPG) production amid concerns over supply disruptions linked to the ongoing conflict in the Middle East.
Glenfarne’s Texas LNG signs EPC with Kiewit
US energy and infrastructure development firm Glenfarne has inked an engineering, procurement, and construction deal with US engineering company Kiewit for its Texas LNG facility.
G7 weighs coordinated oil reserve release on back of price surge
Finance ministers from the Group of Seven nations have discussed a possible coordinated release of oil reserves. The discussion was held as part of an online meeting on March 9 and also involved the International Energy Agency.
Indian equities tumble after inflation fears
Diesel shortage hits garment output in Bangladesh
Garment factories in Gazipur, a key industrial hub in Bangladesh, are struggling to maintain full production as a diesel shortage disrupts generator operations.
Cuban students stage rare protest over power, internet disruptions
More than 20 students staged a rare protest at the University of Havana on March 9 over repeated class disruptions linked to electricity outages and internet failures, highlighting growing strain on the island’s higher-education system
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