"PETROLEUM" · 총 91건
필터 보기현재 지수
50.3
0 = 부정 우세
50 = 중립
100 = 긍정 우세
최근 7일 기준 84,479건을 분석한 결과, 뉴스 심리지수는 50.3(균형)입니다. 긍정 4,268건(5.1%)·중립 78,213건(92.6%)·부정 1,998건(2.4%)이며, 중립 비중이 뚜렷하게 높습니다. 성향 지수는 종합 14.9(중도 균형)입니다.
The petroleum ministry also said a beneficiary of the PMUY effectively pays ₹642 for a 14.2 kg LPG cylinder, while the general consumer in Delhi pays ₹942.
…blames govt inaction By Chioma Obinna Human Rights Writers Association of Nigeria (HURIWA) has condemned the sharp rise in the price of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, describing the development as “economic cruelty” and warning that unchecked profiteering is undermining citizens’ constitutional right to life. The group expressed concern over reports that cooking gas now sells for as […] The post Cooking gas hits N2,000/kg as HURIWA warns of economic cruelty appeared first on Vanguard News.
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments.But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices.Also read: OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources sayWith the crucial Strait of Hormuz shut since US and Israeli attacks on Iran in late February, oil prices have nearly doubled, igniting inflation pressures worldwide.Ministers from the 21 member states of OPEC+, the main oil producing nations and their allies, are holding their quarterly meeting online.The group is likely to beef up its production quotas by "188,000 barrels a day", said Jorge Leon, analyst at Rystad Energy, similar to recent increases. But in reality, only seven members -- Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman -- have the capacity to do so.Dwindling supply Tehran's threats of retaliatory attacks to US and Israeli strikes have virtually blocked the vital Strait of Hormuz, through which roughly a fifth of global oil and gas supplies normally pass.That is equivalent to about 20 million barrels a day. But with key Gulf producers shut out of the global market, pledges to raise output in a bid to ease spiralling prices are unlikely to sway traders. "Any announced production increases or changes to output targets will have limited practical value," said Ole Hansen, a commodities analyst at Saxo Bank."There is very little OPEC can do," he told AFP.OPEC+ itself says daily production has plummeted to just 33 million barrels a day as tankers remain stuck, compared to nearly 43 million before the conflict.A US blockade on Iranian ports means "it will be even less than that" in reality, said Homayoun Falakshahi, head of crude oil analysis at data firm Kpler.Also read: Oil prices fall on mounting hopes for de-escalation in US-Iran WarUAE slams the door The United Arab Emirates' recent decision to quit OPEC further saps away at the cartel's influence, given its huge excess production capacity.And Abu Dhabi has made clear it wants to boost output."They don't want to be dictated to, they want to maximise their revenues," said Lawrence Haar, a lecturer in finance at the University of Brighton in England. And the cartel risks seeing other countries follow the UAE's example."If Iraq were to leave, it could mark the end of OPEC+," Falakshahi said.Saudi Arabia, by far the cartel's most influential member, "is going to do what it takes to stop anyone else from leaving," Falakshahi predicted.That could translate into more flexible output quotas or decreased penalties for any excess production.But "for now, the compensation framework has effectively become irrelevant due to widespread production shut-ins," Hansen said.As a result, the Iran war has largely neutralised the cartel's stated mission "to secure an efficient, economic and regular supply of petroleum to consumers, and a steady income to producers". For Falakshahi, the only factor limiting further oil price spikes at the moment is China, "which is buying less oil than normal" by tapping into its vast strategic reserves.
Russian Deputy Prime Minister added that such a system allows Russia to maintain fairly low prices for petroleum products
Russian Deputy Prime Minister stressed that after sanctions were introduced, Russia redirected supplies to friendly countries — China, India, and Africa — and is not experiencing problems with sales
• Approves Rs100bn financing facility for PSO • Oil company facing over Rs900bn receivables from SOEs • Special honoraria expanded to more ministries, departments • Rs10.15bn cleared for Pakistan Navy’s Hangor Project • Rs4.38bn granted to Gilgit-Baltistan ahead of elections ISLAMABAD: Less than a week before the next budget, the Economic Coordination Committee (ECC) of the cabinet on Friday approved more than Rs40 billion in supplementary grants and a Rs100bn sovereign-guarantee-backed financing facility for the Pakistan State Oil (PSO), which is facing over Rs900bn in receivables from other state-owned enterprises, raising concerns about smooth oil supplies. And despite financial constraints forcing development cuts in the name of IMF restrictions, the ECC meeting, presided over by Finance Minister Muhammad Aurangzeb, also allowed Rs10bn additional funds for parliamentarians’ development schemes and expanded the scope of special honoraria running up to six-month additional salaries to more ministries and departments involved in federal budget preparations. The benefit, already available to officials in around a dozen ministries and entities, including finance, revenue, planning, development, FBR, National Assembly, Senate and the Prime Minister’s Office, was expanded to the Law and Justice Division, Commerce Division and the Accountant General of Pakistan Revenue (AGPR). The fiscal impact was not disclosed. The meeting also changed the composition of a committee set up to settle about Rs60bn in petroleum levy dues charged to consumers but allegedly withheld by Cnergyico Refinery since 2019, citing concerns over conflict of interest, and ordered a tightened recovery plan. An official statement said the ECC approved a summary submitted by the Cabinet Division for Rs7.026bn through a technical supplementary grant for the Sustainable Development Goals Achievement Programme (SAP). “The allocation will facilitate continuity of development projects, prevent cost escalations, and timely achievement of programme objectives,” the statement said. Officials said the finance minister was under pressure from the leadership to provide funds for parliamentarians’ schemes in the outgoing fiscal year despite an about Rs175bn cut in the core development programme. The ECC also approved a summary of the Ministry of Defence for Rs10.15bn for the Hangor Project of the Pakistan Navy under the Rafale Aircraft and Force Development Package (RAFDP)-2030. The committee approved letters of comfort and government guarantees worth Rs100bn for PSO through a syndicated running finance facility to address its liquidity constraints and ensure uninterrupted oil supplies. The meeting was informed that state-owned enterprises, particularly gas companies, owed more than Rs904bn to PSO, making it increasingly difficult for the company to manage supply challenges under current geopolitical conditions. Instead of arranging recovery of those payments, the ECC approved borrowing of Rs50bn each from Habib Bank and Bank of Punjab to meet oil requirements. The borrowing will appear on PSO’s balance sheet. The meeting also took up the Deed of Settlement with Cnergyico PK Limited, which had collected petroleum levy from consumers but allegedly did not deposit it in the government treasury. The company is also seeking benefits under the Refining Policy for the upgradation of existing brownfield refineries. The ECC had earlier approved the constitution of a committee under the Special Investment Facilitation Council (SIFC) to resolve the late payment surcharge issue. Subsequently, the Law and Justice Division proposed amendments to strengthen safeguards for government revenues by requiring Cnergyico to deposit incremental incentives in a joint escrow account with Ogra and restricting withdrawals until the outstanding petroleum levy and late payment surcharge amounts were fully settled. The ECC was informed that the composition of the committee needed to be reviewed due to concerns over potential conflict of interest arising from the inclusion of the Cnergyico chief executive officer. A new committee was constituted under the convenership of the finance secretary, comprising representatives of the Law and Justice Division, Petroleum Division and SIFC, to resolve the late payment surcharge issue with Cnergyico and strengthen recovery of around Rs60bn, including Rs47.5bn in principal amount. The committee approved seven grants for the Ministry of Interior and Narcotics Control worth Rs2.826bn. These included Rs693m for security arrangements for the Islamabad peace talks, Rs241m as compensation for the suicide bombing at Imambargah Khadijah-tul-Kubra in Taralai, Islamabad, Rs528m for the Pakistan Land Ports Authority, Rs800m for procurement of fast patrol boats for the Pakistan Coast Guards, Rs1.884bn for the expansion of the Safe City Islamabad project, Rs150m for the National Counter Terrorism Authority and Rs414m for security charges relating to the Reko Diq project. The ECC approved Rs733m for Pakistan Television Corporation for payment of salaries for June 2026 and Rs183.5m for the Special Communication Organisation for installation of telecom sites and towers in Shigar district of Gilgit-Baltistan. It also approved Rs120m for the Ministry of Parliamentary Affairs to meet employee-related expenditures arising from revised salaries and allowances of parliamentary secretaries during FY26. The meeting approved two grants for the Ministry of Housing and Works for placement of development funds into the current account of Pakistan Infrastructure Development Company Limited. These included Rs8.759bn for Karachi and Hyderabad Urban Infrastructure Development Packages and Rs2.84bn for parliamentary schemes in Khyber Pakhtunkhwa. The ECC also granted Rs1.3bn for the Modernisation and Upgradation of Pakistan Mint Phase-II-A and Rs4.377bn to the Gilgit-Baltistan government to support current expenditure requirements and priority initiatives launched ahead of elections. The committee also approved budget estimates of IPO-Pakistan for FY26, submitted by the Ministry of Commerce, comprising regular expenditure of Rs914.7m and projected revenue receipts of Rs918m. The ECC also approved a summary of the Ministry of Maritime Affairs regarding the operational continuity of Engro Vopak Terminal Limited. Published in Dawn, June 6th, 2026
The government on Friday cut the petrol price by Rs4 per litre and kept the diesel rate unchanged with immediate effect for the week ending June 12, owing to changes in global prices over the past week. Accordingly, the ex-depot price of high-speed diesel (HSD) will remain fixed at Rs380.78 per litre for another week. The government made adjustments in taxes and other levies to maintain the diesel price, which is otherwise considered on the higher side. The diesel price has come down from a peak of Rs520.35 recorded on April 10. HSD is considered the most inflationary item given its maximum use in freight transportation. The ex-depot rate of petrol was cut by Rs4 to Rs377.79 per liter instead of Rs381.78 per liter at present. This is the fourth consecutive weekly downward price revision in case of petrol, with a cumulative reduction of about Rs37 per litre. The government is currently charging about Rs100 per litre on HSD in the form of customs duty, petroleum levy and climate support levy besides inland freight equalisation margin. Meanwhile, the total tax on petrol stands at Rs125 per litre, including petroleum levy, customs duty and climate levy. The government is also charging about Rs21 per litre as petroleum levy on kerosene and about Rs16 per litre on light diesel oil. Petrol and HSD are the major revenue spinners with their monthly sales of about 700,000 to 800,000 tonnes compared to just 10,000 tonnes of monthly demand for kerosene.
The US Strategic Petroleum Reserve has taken a beating during the Iran war, but Energy Secretary Chris Wright says the government's emergency oil stash is headed for a surprisingly lucrative refill. Companies that borrowed crude from the SPR during the conflict will return those barrels with premiums attached, leaving the reserve about 40 million barrels larger than it would have been otherwise once the war ends, Wright said Friday. For an oil market accustomed to hearing about SPR drawdowns, emergency releases, and politically motivated sales,…
June 5 - The U.S. Treasury Department said on Friday that it had imposed sanctions on a network of individuals, entities, and tankers smuggling Iranian-origin liquid petroleum gas disguised as Omani LPG to South and East Asia.
India is launching on Friday a new fuel blend with an 85% ethanol component as part of the fuel flex mobility program of the world's third-largest crude importer to reduce dependence on imported oil. The E85 fuel was officially launched at a ceremony in New Delhi in the presence of India's Minister of Petroleum and Natural Gas, Hardeep Singh Puri. On Thursday, Puri launched India's first flex-fuel passenger vehicle by Maruti Suzuki in New Delhi. Flex-fuel vehicles can operate on a range of ethanol–petrol blends, from E20 up to E100. India…
[Capital FM] Nairobi -- The Kenya Revenue Authority (KRA) has forgone Sh9.1 billion in tax revenue over the past two months following the government's decision to reduce Value Added Tax (VAT) on petroleum products from 16 percent to 8 percent in a bid to shield consumers and businesses from rising global fuel prices.
Nigeria's Dangote Petroleum Refinery has upped crude processing to 700,000 bpd, exceeding its 650,000 bpd nameplate capacity, and confirmed plans to double throughput to 1.4mn bpd as it pursues an IPO.
Argentina's government warned that it could "fully exercise all" available actions over plans to develop an oil field near the Falkland Islands, in a fresh escalation of the sovereignty dispute. The Foreign Ministry declared the plans of Britain's Rockhopper Exploration "unlawful" and described that company and its Israeli partner, Navitas Petroleum, as "clandestine," after the Sea Lion project moved from exploration into development.
Dangote Petroleum Refinery has increased its crude processing capacity to 700,000 barrels per day following a performance test by process licensors, surpassing its nameplate capacity and advancing plans for future expansion. The post Dangote refinery raises processing capacity to 700,000 barrels per day appeared first on Premium Times Nigeria.
Dangote Petroleum Refinery & Petrochemicals has increased its crude oil processing capacity to 700,000 barrels per day (bpd), surpassing its official nameplate capacity of 650,000 bpd. The post Dangote Refinery increases processing capacity to 700,000 bpd appeared first on Vanguard News.
The UAE's decision to leave the Organisation of Petroleum Exporting Countries, while initially shocking markets, had in fact been signalled by years of growing tension between the Emirates and other members of the organisation. The withdrawal reflects structural changes in the oil market, increasing competition for market share, and diverging political and commercial interests within OPEC itself. It is also possible that Venezuela might follow the UAE out of the organisation.
Prime Minister Shehbaz Sharif on Thursday affirmed that achieving export-led growth targets was the government’s top priority, directing the National Tariff Commission (NTC) to play an active role in facilitating investors, the Prime Minister’s Office (PMO) said. According to the PMO, Prime Minister Shehbaz chaired a review meeting on overall economic growth and the implementation of the National Tariff Policy 2025-30 on Thursday. Prime Minister Shehbaz emphasised that the “active and transparent performance of the NTC was essential for the promotion of industry, trade and investment in the country”, the PMO added. He directed the NTC to play an active role in facilitating investors and industrialists. According to the PMO, the prime minister said the NTC should be modernised by adopting international best practices and using modern technology, including information technology and artificial intelligence. The PMO further said that the meeting was briefed on the implementation of the National Tariff Policy 2025-30. “The briefing stated that under the policy, tariffs for various sectors would be reduced gradually with the objective of achieving export-oriented economic growth targets,” the PMO said, adding that duties on reefer containers and semi-trailers would be abolished to promote and develop the logistics sector. “The briefing further stated that customs duties on specialised vehicles and machinery were being reduced to support the construction sector.” The PMO stated that customs duties on raw materials, particularly those used in cancer medicines, would also be abolished to facilitate the pharmaceutical sector. Federal Minister for Law and Justice Azam Nazeer Tarar, Federal Minister for Climate Change Musadik Malik, Federal Minister for Economic Affairs Ahad Khan Cheema, Federal Minister for Finance and Revenue Muhammad Aurangzeb, Petroleum Minister Ali Pervaiz Malik, and others attended the meeting.
Africa's biggest refinery is getting bigger. Nigeria's Dangote refinery has started work on a second crude processing unit that will add another 700,000 barrels per day (bpd) of capacity, putting the complex on track to rival the world's largest refining site and giving billionaire owner Aliko Dangote a much larger role in global fuel markets. According to Dangote Petroleum Refinery CEO David Bird, construction is already underway at the Lekki site outside Lagos. The new refinery is expected to be online by the end of 2028 and would lift total…
The Russian deputy prime minister noted that many countries have already limited their energy consumption, primarily scarce petroleum products like jet fuel, which has led to a reduction in air travel
LEGAZPI CITY, Albay — A Quezon City prosecutor has ordered the filing of a cyberlibel case against Catanduanes Gov. Patrick Alain T. Azanza over a Facebook post that allegedly linked a petroleum company to the province’s high electricity costs. In a resolution dated May 6, Assistant City Prosecutor Peter Carlo P. David ordered the filing