Repsol, a Georgian petroleum importer, has brushed off responsibility for a gasoline shipment to Abkhazia, stating that the resale of fuel after purchase falls outside its scope.

Benzinga has published reports detailing ownership and insider activity for both CardioGenics Holdings Inc. and Arko Petroleum.

The federal government of Pakistan has increased the commission paid to petroleum dealers by Rs1.34 per litre, accepting a longstanding demand, which will ultimately impact consumers.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is exploring crude swap deals as a strategy to enhance supply to local refineries. This initiative aims to reduce refinery costs and improve domestic fuel availability.

Average gasoline prices in Lithuania decreased by 0.57% on Friday, while diesel prices rose by 0.05%, and liquefied petroleum gas prices remained stable.

India is finalizing feasibility studies for two new strategic petroleum reserve sites as part of its efforts to expand the nation's oil reserves.

Greenland has postponed oil drilling operations by a petroleum company with ties to associates of Donald Trump, following a warning from authorities. This decision delays Arctic drilling plans for the company.

A historic chandelier at Mazar-e-Quaid is slated for restoration, with a proposal also made for a shuttle service to improve visitor access to the mausoleum.

The Federal University of Petroleum Resources, Effurun (FUPRE), has reopened its admission window, offering a second chance for prospective students who missed the initial Post UTME screening exercise for the 2026/2027 academic session.

Former Romanian Minister for Business Environment, Ilan Laufer, has developed a commercial complex in Otopeni with businessman Hamza Karimov, former CEO of SOCAR Petroleum, the Romanian subsidiary of Azerbaijan's state oil company, SOCAR.

WTI oil prices are marginally lower following a massive crude inventory build, a significant Strategic Petroleum Reserve (SPR) drain, and a surge in imports, as OPEC again cut its forecast for global oil-demand growth.

Businesses in Malaysia's shipping and petroleum sectors are facing significant challenges due to uncertainty surrounding the tax on commingled oil.

The Kelantan government in Malaysia intends to strengthen its involvement in the petroleum and gas industry through a new state vehicle.

The American Petroleum Institute (API) announced that U.S. crude stockpiles increased by 9.1 million barrels last week, indicating a substantial build in oil inventories.

Nigeria’s Minister of State for Petroleum Resources has urged more local and international investors to boost the country’s refining capacity, stating that the Dangote refinery alone is not sufficient.

Buyers gained an advantage in the Greek stock market, with Alpha Bank and Hellenic Petroleum (ELPE) reaching new highs. The market saw a strong performance, particularly from these key companies.

Sunoco has announced its intention to acquire Offen Petroleum in a deal valued at $600 million, expanding its operations in the petroleum distribution sector.

An energy expert stated that while Ghana's increasing refining capacity enhances fuel security, it is not yet enough to fully protect the country from global petroleum market fluctuations.

New maximum retail prices for petroleum derivatives will take effect at midnight in Montenegro, with eurodiesel set to cost three cents less per liter at 1.82 euros.

The U.S. Strategic Petroleum Reserve (SPR) has fallen below its 300 million barrel operational limit, as oil drain unexpectedly surged to 6.1 million barrels, the most in two months. This occurs amidst stalled negotiations between the US and Iran to reopen the Strait of Hormuz.

By Udeme Akpan Nigeria’s petroleum industry is undergoing a shift from an export-driven crude oil model towards greater domestic processing following the operationalisation of the Dangote Petroleum…

The Federal University of Petroleum Resources Effurun (FUPRE) has announced a supplementary Post-UTME screening for the 2026/2027 academic admission, offering eligible candidates another opportunity to apply.

Turkish Petroleum is set to commence offshore drilling operations in Pakistan soon, an initiative that the petroleum minister believes could attract significant foreign investment to the country.

The Nigerian National Petroleum Corporation (NNPC) has stated its commitment to transparency and accountability, welcoming public scrutiny while defending the performance of an official.

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has directed the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to dissolve a disputed Host Community Development Trust within 48 hours due to concerns over its constitution and representation.

Arko outlines a 2026 adjusted EBITDA target of $245M-$265M, with Arko Petroleum maintaining its 2026 guidance of ~$156M adjusted EBITDA and planning a USPP deal to add ~$30M annually. Vistra targets $6.8B-$7.6B in 2026 adjusted EBITDA and commits up to $1B to a Helix partnership.

Jamaat-i-Islami held protest sit-ins in Karachi as part of a nationwide demonstration against the petroleum levy, leading to blocked thoroughfares and traffic disruptions.

President Tinubu commended his economic team and the Nigerian Exchange (NGX) for their efforts in stabilizing the economy and achieving a rebound in the stock market. He also announced plans for the listing of the Nigerian National Petroleum Company (NNPC) on the NGX.

Dangote Refinery has once again surpassed the US to become Europe's leading supplier of JetA1 fuel, solidifying its growing presence in the international refined petroleum market.

Sunoco has announced its intention to acquire Offen Petroleum in a deal valued at $600 million.

Occidental Petroleum has announced a significant jump in its profits, attributed to rising oil prices and strong performance in its midstream operations.

Nigeria's upstream petroleum regulator, NUPRC, has approved more than $57 billion worth of Field Development Plans since 2024, anticipating between $30 billion and $50 billion in investments for 22 major offshore projects.

The National Petroleum Authority (NPA) in Ghana announced a GH¢2.00 per litre cut in the regulatory margin on diesel, reducing the price floor to GH¢14.U7 and providing welcome news for motorists.

Competition among petroleum marketers and depot operators in Nigeria has intensified, leading to price cuts for petrol and diesel as crude oil prices continue to drop.

Marathon Petroleum anticipates its MPLX growth capital expenditure to reach $2.9 billion, as the company aims for a 12.5% distribution growth between 2026 and 2027.

Industry leaders in the oil and gas sector expressed support for reforms and local content initiatives during a panel session at the Society of Petroleum Engineers conference in Lagos.

The Ministry of Petroleum in India has dismissed claims of widespread fuel adulteration, stating that only two cases were found after testing over two thousand samples and implementing enhanced quality measures.

BP and International Petroleum have released their second-quarter earnings, with highlights from their respective earnings calls now available. Both companies provided updates on their financial performance and outlook.

The National Petroleum Authority (NPA) has revised the fuel price floors for the August 4-15 pricing window. This adjustment will impact oil and fuel prices for consumers during the specified period.

Energy analyst Benjamin Nsiah states that President John Mahama’s proposal to shift petroleum sector transactions from U.S. dollars to Ghana cedis would necessitate amendments to the Petroleum Revenue Management Act (PRMA).

The Petroleum Hub Development Corporation (PHDC) and its anchor partner, Touchstone Capital Partners, have reiterated their commitment to fully develop Lot 1 of an ambitious US$12 billion energy project.

Chennai Petroleum in India intends to increase its refining capacity by one-third, Reuters reports.

While petroleum deregulation is a step, experts argue it is not enough for Pakistan's energy security, highlighting the critical need for refinery upgrades, storage, and diversification of energy sources.

An analysis compares Plug Power and Occidental Petroleum to determine which energy stock might be a better investment by 2026.

Commercial liquefied petroleum gas (LPG) prices have been cut in Delhi and Kolkata, while domestic rates remain unchanged, according to a recent report.

Despite rising fuel prices, the US Strategic Petroleum Reserve is reportedly not being utilized to ease costs during the current phase of the Hormuz crisis.

Seplat Energy has announced the sale of a 10% joint venture stake to the Nigerian National Petroleum Company (NNPC) for $281.6 million (₦384.38 billion).

Pakistan's government is contemplating the reintroduction of a targeted fuel subsidy program if tensions in the Gulf region persist. The petroleum minister defended the current daily pricing mechanism, while a Senate panel requested a proposal from Ogra to address dealers' concerns.

Paul Sankey, president of Sankey Research, has warned about increasing risks in the crude oil refining system, highlighting significant margins between crude and refined products and discussing the US strategic petroleum reserve.

Cameroon's 2027 State budget preparation process, launched by the Minister of Finance, faces significant challenges amid a tense macroeconomic climate, including a widening deficit and heavy petroleum subsidies.

The Nigerian Ports Authority (NPA) announced that it expects 38 vessels carrying petroleum products and food cargoes, with 13 vessels already arrived and awaiting berthing.

The Egyptian Ministry of Petroleum announced that Shell has confirmed the presence of an oil field in the Herodotus basin, located off the western coast of Egypt.

Ankara has made a significant move towards an energy alliance with Iraq, potentially receiving 1 million barrels per day of Iraqi oil after Turkish Petroleum acquired a stake in the BP-run Kirkuk oilfield.

Nigerian lawmakers are working to mediate a truce between fuel importers and local refiners to strengthen the downstream petroleum sector and ensure a stable fuel supply.

An article discusses the critical question of how low the Strategic Petroleum Reserve can go, prompting concerns about its current levels.

Thirteen individuals were arrested in Quezon province for allegedly pilfering petroleum products from a compound in Barangay Silangang Mayao in Lucena.

Moldovan fuel importers met with Prime Minister Vasile Tofan to discuss uninterrupted supply of petroleum products and the implementation of new government measures, with stable fuel supply being a top priority.

Cyprus experienced a significant drop in petroleum product sales in June, attributed to the ongoing effects of higher prices and geopolitical uncertainty.

The Parliamentary Select Committee on Economy and Development has lauded the National Petroleum Authority (NPA) for its effective regulation of Ghana's downstream petroleum sector. The committee recognized the NPA as a crucial contributor to the country's economic stability.

Cyprus's petroleum product sales saw a sharp decline in June, according to Cystat figures, as the market continues to adjust to the persistent impact of higher fuel prices and geopolitical uncertainties.

An editorial criticizes the Nigerian National Petroleum Company Limited (NNPCL) for its perceived reckless disregard for Senate oversight, holding the President of the Senate, Godswill Akpabio, responsible for the company's affronts on the legislature.

Former Romanian President Traian Băsescu suggests alternative routes for Kazakhstan's oil after transport through the CPC pipeline was halted, advising against a 'petroleum storm.'

The Serbian government has announced a one-week extension of the reduced excise taxes on petroleum derivatives. This measure aims to mitigate the impact of rising fuel prices on consumers.

An article provides an investment comparison between Energy Transfer and Occidental Petroleum, identifying which might be the better energy buy for the second half of 2026.

India's embassy in Tehran has confirmed it is in close contact with authorities after a liquefied petroleum gas tanker, carrying 28 Indian crew members, was attacked in Iranian territorial waters.

Transcripts for the Q2 2026 earnings call of Marathon Petroleum (MPC) and the Q4 2026 earnings call of Automatic Data Processing (ADP) have been released.

Pakistan's Jamaat-i-Islami (JI) Emir Hafiz Naeemur Rehman announced countrywide sit-ins on Sunday outside Governor and Chief Minister Houses to protest against the petroleum levy.

Moldova's National Agency for Energy Regulation has published the maximum retail prices for standard petroleum products, with diesel remaining more expensive than gasoline for the August 15-17 weekend.

Fuel prices in Ghana are expected to experience mixed adjustments at the pumps starting August 16, 2026, with the National Petroleum Authority reducing the price floor, setting petrol at GH¢13.92 and diesel at GH¢15.19.

New Zealand Petroleum and Minerals has initiated a competitive application process for the Sam's Creek site in the Upper Tākaka Valley, previously associated with a declined Golden Bay mining permit.

A pundit warns that Thailand's domestic energy supply could decline without significant regulatory reforms to attract foreign investment in the upstream petroleum sector.

Nigeria's Federal Ministry of Finance and the Nigerian National Petroleum Company Limited (NNPCL) are in dispute over unresolved audit queries, including a $3 billion pre-export loan and $722.6 million in LNG dividends.

Karachi has been adorned in green and white, reflecting national pride, with the mausoleum continuing to attract numerous visitors throughout the day.

Dr. John Abdulai Jinapor, Minister for Energy and Green Transition, has called upon the Ghana National Petroleum Corporation (GNPC) to build on its recent progress by strengthening performance, increasing investment, and delivering greater value to Ghana's oil sector.

Crude oil and other refined petroleum products dominated import activities at the Lekki Deep Sea Port in the first week of August, accounting for 1,867,712 metric tonnes of crude oil-based products.

Aeon is reportedly considering compensation following a fatal explosion, likely caused by liquefied petroleum gas, which killed seven employees after the Kumamoto earthquake.

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) distributed cooking stoves and gas cylinders to over 200 people with disabilities and indigent women in the Kuje community of Abuja.

A Nigerian lawmaker has advocated for West Africa to develop its own credible benchmark for refined petroleum products, citing the region's emergence as a refining hub.

The Pakistan Petroleum Dealers Association has issued a 72-hour ultimatum to the government, demanding the fulfillment of promises to increase their profit margins, threatening potential disruptions if their demands are not met.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has disowned fake, AI-generated employment letters circulating, stating no recruitment is currently ongoing and reporting the matter to law enforcement.

Former petroleum minister Chief Dan Etete has refuted claims that former Nigerian head of state Sani Abacha died during a sexual encounter, stating there is no evidence to support such allegations.

Dr. Dramani Bukari Ecomog, the Deputy Chief Executive Officer of Ghana's National Petroleum Authority (NPA), has died in London after a short illness.

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) announced that 53.7 million barrels of crude oil and condensate were supplied to local refineries in the second quarter of 2026, achieving 97.4% compliance with the Domestic Crude Supply Obligation.

Oil prices surged by 5% as hopes for a deal between the US and Iran regarding the Strait of Hormuz faded, leading to market uncertainty. The US Strategic Petroleum Reserve also fell below 300 million barrels.

A Ukrainian attack on the Nizhnekamsk petroleum hub in Russia’s Tatarstan region killed at least 13 people and wounded 78 others, marking a significant strike on Russian territory.

The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels, reaching its lowest level since 1983.

Arko Petroleum has announced its intention to acquire US Petroleum Partners, consolidating its presence in the petroleum sector. This acquisition is expected to expand Arko Petroleum's market share and operational capabilities.

Jamaat-e-Islami (JI) has called for peace and rights in Khyber-Pakhtunkhwa (K-P) and announced sit-ins on August 16 to protest against the petroleum levy and Independent Power Producers (IPPs).

The Chamber of Petroleum Consumers (COPEC) has suggested that the Ghanaian government establish a strategic petroleum reserve. This initiative aims to protect consumers from sudden fuel price increases and potential supply disruptions.

The Ministry of Petroleum and Natural Gas urged consumers to confidently use E20 petrol, stating that fuel supplied through OMC networks meets quality specifications and is backed by robust assurance.

The Petroleum Technology Development Fund (PTDF) announced it is re-aligning its human-capital development programs to significantly contribute to Nigeria's ambition of building a $1 trillion economy by 2030, with a renewed focus on domestic training and research.

India's Petroleum Minister Hardeep Puri announced that the US now supplies approximately 67% of India's LPG imports, significantly reducing the country's reliance on Gulf nations. India is the world's third-largest energy consumer and importer.

The Serbian government has extended the reduction of excise duties on petroleum products for another seven days, until August 16.

Ghana's National Petroleum Authority (NPA) has reassured the public that the country has over five weeks of fuel in reserve. The NPA stated that fuel stocks are continuously growing, aiming to calm fears regarding potential supply disruptions due to Middle East tensions.

Ghana's government decision to cushion diesel prices has been welcomed by the Chamber of Petroleum Consumers (COPEC) but is considered unsustainable, with calls for a long-term fuel strategy.

Jamaat-i-Islami Pakistan (JI) Emir Hafiz Naeemur Rehman announced 510 peaceful sit-ins across the country against the petroleum levy, warning that these protests could escalate into a movement to overthrow the government.

Türkiye's energy reach is expanding, with Bulgaria approving the transfer of 33% of rights in the Khan Tervel offshore exploration license to Turkish Petroleum's overseas subsidiary, alongside strategic partnerships in Iraq.

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) aims to attract $30-50 billion in offshore oil investments by 2030 through 22 major projects, seeking to boost production and create jobs.

A Municipal Council last week approved the revocation of a 2019 decision that had prevented the municipality from accepting sponsorships and donations from Hellenic Petroleum (ELPE). The decision comes amidst ongoing discussions about sports infrastructure and a persistent odor issue.

Iran has increased its capacity for collecting associated petroleum gases through new projects, aiming to reduce gas flaring to 35 million cubic meters per day.

The American Petroleum Institute (API) announced that U.S. crude stockpiles increased by 2.7 million barrels last week, indicating a rise in oil inventories.

Dr. John Abdulai Jinapor, Minister for Energy and Green Transition, announced that he has engaged the National Petroleum Authority (NPA) and other key stakeholders. The purpose of these engagements is to implement President John Dramani Mahama’s directive to reduce the price of diesel by GHS2.

Russian forces attacked Chernihiv Oblast, damaging logistics facilities in the Pryluky district, where fuel trucks and tankers for petroleum products caught fire.

Mitsui reported GAAP EPS of ¥103.65 and revenue of ¥4347.56B, reaffirming its FY 2027 outlook. Separately, International Petroleum reported its Q2 results and also reaffirmed its FY 2026 outlook.

The Chamber of Petroleum Consumers (COPEC) has welcomed the government's GH¢2 diesel subsidy but urged a shift from ad hoc pump price cuts to building strategic fuel reserves. COPEC advocates for a long-term fuel strategy to ensure stability and security.

Türkiye's state-owned oil and gas company, Turkish Petroleum, is expanding its global presence through new energy initiatives in Iraq and Bulgaria, from onshore production to offshore exploration.

An article from The Indian Express discusses the long-standing debate surrounding privatization and petroleum, suggesting a re-evaluation of past questions and policies in the sector.

Tony Oteng-Gyasi, a former British Petroleum executive, is profiled for his career transition and success in Ghana's cable industry, earning him the title 'Ghana’s cable king'.

Cyprus experienced a sharp fall in petroleum product sales in June, according to state statistical service figures, as the island's fuel market continues to adjust.

US exports of crude oil and petroleum products reached record levels in May, with crude oil exports hitting 5.7 million barrels per day and ultra-low sulfur diesel exports reaching 1.54 million barrels per day.

Prices of liquefied petroleum gas (LPG) are projected to increase in August, attributed to renewed tensions in the Middle East, while pump prices are expected to roll back.

Jamaat-e-Islami (JI) linked Karachi's problems to poor governance and announced upcoming protests against the petroleum levy, with the JI Karachi chief stating that the system collapsed due to the theft of Karachi residents' mandate.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) advocates for an independent African fuel price benchmark to reflect the continent's growing refining capacity, enhance market transparency, and reduce reliance on foreign indices.

Ghana's National Petroleum Authority (NPA) has released new price floors for August 1 to 15, 2026, suggesting that consumers will pay at least GH¢14.53 for petrol and GH¢16.97 for diesel.

The official price list for marking liquid petroleum fuels has been published in Bosnia and Herzegovina, indicating a potential increase of nearly four fenings per liter in fuel prices.

Pakistan's Petroleum Minister, Ali Pervaiz Malik, defended the daily fuel pricing system in parliament, stating that daily revisions help curb supply manipulation. His remarks came as lawmakers questioned the mechanism and criticized rising fuel prices.

Average prices for gasoline, diesel, and liquefied petroleum gas (LPG) in Lithuania decreased on Wednesday morning, according to the Lithuanian Energy Agency (LEA).

An opinion piece defends Nigeria’s energy sector reforms, countering recent open letters and articles that questioned the direction of the Nigerian National Petroleum Company Limited (NNPC Ltd) and government policies.

Nigeria's House of Representatives Committee on Petroleum Resources (Downstream) has initiated efforts to bridge the divide between petroleum importers and domestic refiners. This move is part of broader measures aimed at strengthening the country's downstream oil sector.

Economist Professor William Peprah has advised the Ghanaian government to pursue closer energy cooperation with Nigeria to reduce fuel import costs and alleviate the burden of rising petroleum prices on consumers.

Police in Lucena City, Philippines, arrested 13 men on Monday for allegedly siphoning fuel and liquefied petroleum gas (LPG) illegally. The suspects were caught in the act during the operation.

The Ministry of Petroleum and Natural Gas in India has clarified that using E20 petrol is not a valid reason for insurance claim rejection, dismissing claims that it would invalidate vehicle insurance policies.

A 53-year-old captain of a cargo-vehicle carrier was arrested by port authorities in Keratsini following an anonymous complaint. The arrest was made due to the illegal loading of the ship with excess passengers and irregularities in the transport of liquefied petroleum gas (LPG).

The President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Comrade Festus Osifo, announced that the union has resolved past leadership succession issues, leading to its stabilization.

Singapore and Australia have signed a protocol committing to avoid export restrictions on agreed essential items, including petroleum oils like diesel and liquefied natural gas.

Pakistan is seeking green alternatives to reduce its deep structural dependence on imported energy, as its trade deficit surged to $39.47 billion in FY26, with the petroleum group import bill alone reaching $16.86 billion.

The Centre for the Promotion of Private Enterprise (CPPE) stated that the US 12.5% tariff is unlikely to significantly impact Nigeria, as most of its exports to the US are petroleum products, which are exempt.

India is working to increase its strategic petroleum reserves to 11.88 MMT, moving closer to a 90-day reserve target, and is collaborating with the UAE for 30 million barrels of crude storage capacity.

Dangote Group is proposing to establish a petroleum products storage terminal in Cameroon to enhance regional distribution from its Lekki refinery and bolster fuel supply.

The Serbian government has extended the decision to temporarily reduce excise duties on petroleum products until August 23, as announced in the Official Gazette.

Experts warn that the rapid drawdown of the U.S. Strategic Petroleum Reserve could lead to damage to the caverns used for oil storage.

The Pakistani government has increased petroleum dealers' margins to Rs9.98 per litre, leading to the cancellation of a nationwide strike planned for September 1.

The Pakistan Petroleum Dealers’ Association (PPDA) has called off its planned strike after the government approved a proposed revision in dealers' margins.

Pakistan's petroleum levy collection has hit a record Rs1.57 trillion, while the cost of running the civil government rose 16% and the fiscal deficit shrank to 2.6%.

President Tinubu has assured petroleum workers that Nigeria’s moribund refineries will be revived, emphasizing productivity and profitability, and also discussed CNG benefits.

An explosion at a petroleum products storage facility in the Netherlands' Rotterdam port resulted in one fatality and six injuries, with police investigating the cause.

Average gasoline and diesel prices in Lithuania decreased on Thursday morning, by 0.51% and 0.39% respectively. However, liquefied petroleum gas (LPG) prices increased by 0.26%, and the €2 per liter threshold for fuel is still exceeded.

Petrol dealers in Pakistan have announced an indefinite strike starting Saturday after talks with the government failed, as the PPDA chairman stated the government refused to change the system of daily adjustments in petroleum product prices.

The average prices for gasoline, diesel, and liquefied petroleum gas (LPG) decreased at gas stations across Lithuania on Wednesday morning, according to the Lithuanian Energy Agency (LEA).

The Nigerian Federal Government has expressed support for the establishment of a regional petrol pricing benchmark for West Africa, an initiative aimed at strengthening energy security, deepening cross-border trade, and enabling the region to determine the value of its petroleum products.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is advocating for West Africa to establish its own regional fuel price benchmark, independent of European crises, to better reflect local market realities.

The Nigerian government announced plans to expand its refining capacity to serve the African market, emphasizing the need for adequate refining, midstream, and downstream infrastructure to fully benefit from its petroleum resources.

The Nigerian federal government supports a unified petroleum pricing benchmark for West Africa, asserting that crises in Europe and the Mediterranean should not influence African fuel prices.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has cautioned job seekers about fake employment letters and scammers demanding money, clarifying that there is no ongoing recruitment exercise.

Petroleum dealers across the nation have declared a nationwide closure of fuel pumps starting August 15, issuing a 72-hour ultimatum to the government to address their demands.

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) reported an 88.4% increase in crude oil and condensate supply to local refineries, reaching 53.7 million barrels in the second quarter of 2026.

The United States' strategic petroleum reserve has fallen below 300 million barrels, marking the first time it has reached this level since the 1980s. This decline raises concerns about the nation's energy security.

Hussaini and Hassan Malami, identical Nigerian twin brothers, have successfully secured highly competitive jobs at the Nigerian National Petroleum Company (NNPC), joining the NNPC Tigers Class of 2026.

A session of the Government of the Republic of Croatia was held today, where the Decree on determining the highest retail prices of petroleum products was adopted, according to which the highest retail prices are calculated by...

Pakistan's Petroleum Minister Ali Pervaiz Malik announced plans to launch an oil storage scheme with Saudi Arabia, Kuwait, and Qatar. This initiative aims to strengthen Pakistan's energy security.

Jamaat-i-Islami Pakistan (JI) has decided to intensify its campaign against the petroleum levy and inflation, announcing simultaneous sit-ins in all four provincial capitals on August 16. The protests aim to press the government to withdraw the levy.

A White House official addressed concerns that new US legislation targeting Russia and its petroleum buyers, including India and China, could affect the India-US trade deal.

Thailand's Energy Ministry has increased the subsidy for liquefied petroleum gas (LPG) to maintain stable domestic cooking gas prices, a move that is adding significant financial pressure on the state's Oil Fuel Fund.

The Petroleum Technology Development Fund (PTDF) has introduced a human capital development strategy aimed at helping the Nigerian government achieve its goal of growing the economy to $1 trillion by 2030.

The Revenue Mobilisation Allocation and Fiscal Commission (RMAFC) has given the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) 48 hours to dissolve a disputed Host Community Development Trust due to concerns about its constitution and representation.

Jamaat-e-Islami (JI) is scheduled to hold nationwide protests today at 4 PM against the petroleum levy and rising inflation across various cities in Pakistan, including Karachi, Lahore, Islamabad, Quetta, Peshawar, Faisalabad, and Rawalpindi.

Anadarko Petroleum presented highlights from its Q2 earnings call, summarizing its financial and operational performance for the second quarter.

Nigeria's NMDPRA has introduced draft regulations aimed at prohibiting fuel price-fixing, artificial scarcity, and other anti-competitive practices within the country's petroleum sector.

The ongoing crisis in the Strait of Hormuz is significantly altering the global trade landscape for Liquefied Petroleum Gas (LPG).

The Dangote Refinery has announced a reduction in the ex-depot prices of Premium Motor Spirit (PMS) to N1,165/Litre and Automotive Gas Oil (Diesel) to N1,570/Litre, reaffirming its commitment to providing affordable, high-quality petroleum products for Nigerians.

Marathon Petroleum reported a quadrupling of its profit, a significant increase attributed to improved refining margins in the latest financial period.

Mike Sommers, President and CEO of the American Petroleum Institute, stated that increased energy prices are expected to stimulate investments in future oil production, also advocating for more refinery construction and permitting reform in the US.

Following demands from petroleum dealers, the State Bank of Pakistan (SBP) has capped bank charges on digital payment methods for petroleum products, including debit, credit cards, and online transfers. This measure aims to minimize the financial burden on fuel stations.

Residents in Turkana villages claim their areas have become militarized zones, linking the increased military-style guard to the resurgence of petroleum activities in the region.

The Nigerian National Petroleum Company (NNPC) is expanding the nation's crude oil exports by tendering new Cawthorne and Bonny Light cargoes, a move aimed at boosting production and diversifying export blends.

Serbia has extended its ban on the export of oil and petroleum derivatives. This measure aims to ensure domestic supply and stability in the energy market.

Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of Indian Oil, is planning to establish a new 280,000 barrels per day (bpd) refinery in Manali.

Motorists in Ghana are facing higher fuel costs as Star Oil has again adjusted its pump prices, with petrol now selling for GH¢15.57 and diesel for GH¢18.97, amid rising international petroleum prices.

The Nigerian National Petroleum Company Limited (NNPC) recorded a substantial profit of N2.27 trillion in the first half of 2026. This financial success was primarily driven by a rally in crude oil prices during the period.

An analysis compares Plug Power and Occidental Petroleum to determine which energy stock presents a better investment opportunity for the year 2026.

Ghana’s international trade surplus more than tripled in 2025, reaching GHS48 billion, driven by record gold earnings and strong cocoa and petroleum exports.

The Nigerian National Petroleum Company (NNPC) announced a profit of N535 billion in June, alongside a daily oil output of 1.72 million barrels. This financial performance indicates a significant positive trend for the company.

Ghana's government is undertaking major reforms in its upstream petroleum sector to improve investor confidence and attract fresh oil and gas investments.

The Serbian government has extended its decision to keep excise duties on petroleum products reduced by 20%. This measure aims to maintain lower fuel prices for consumers.

Motorists and consumers in Ghana are expected to pay more for petroleum products starting Friday, August 1. This increase is attributed to rising global crude oil prices and the depreciation of the Ghanaian cedi.

Seplat Energy Plc has signed a binding agreement with the Nigerian National Petroleum Company Limited (NNPC Ltd) to sell a 10 percent working interest in their joint venture assets for approximately $281.6 million.

Oil firms and regulators in Nigeria are opposing a proposed 3% South-South development levy, warning that its implementation could deter investment and negatively impact the country’s petroleum industry.

Hong Kong taxi and light bus drivers are calling for an extension of the two-month liquefied petroleum gas (LPG) subsidy scheme, warning that operating costs could increase by up to 33 percent if the policy expires amidst global uncertainties.

The Federal Government of Nigeria has hailed the Dangote Petroleum Refinery and Petrochemicals as a cornerstone of the nation's $1 trillion economy vision and a symbol of its industrial renaissance, with Dangote emphasizing manufacturing as the fastest route to jobs and prosperity.

Petrol depot prices in Nigeria have declined across major supply centers, with marketers implementing fresh price cuts of up to N23/litre, indicating increased competition in the downstream petroleum market.

The American Petroleum Institute (API) reported that US crude stockpiles rose by 3.3 million barrels last week.

The U.S. Strategic Petroleum Reserve is experiencing stress due to emergency releases, which are straining its aging infrastructure, despite having an authorized capacity of 714 million barrels.

The Pakistani government has approved a new oil refining policy after years of deliberation and ordered an increase in the country's strategic petroleum reserves. These measures aim to enhance energy security and streamline the refining sector.

Kyrgyz authorities are negotiating with Russia for additional fuel supplies to address a market shortage, which has been exacerbated by Ukrainian drone strikes impacting Russia's petroleum product exports.

The State Environmental Service investigated a complaint about possible petroleum product contamination in the Driksa river in Jelgava, Latvia, confirming a leak at two locations near storm drains.

Nigeria's Petroleum Minister, Mr. Ekperikpe Ekpo, has praised the Nigerian Content Development and Monitoring Board (NCDMB) for its community-focused initiatives. He emphasized that the Local Content Policy can effectively transform lives and create socio-economic value.

A petroleum expert explains that events in the Persian Gulf are currently lowering fuel prices, while Houthi attacks and problems in Russia are having the opposite effect, as average fuel prices in the Czech Republic have risen.

Pakistan's petroleum minister has assured that the government will present recommendations within a week to resolve issues faced by the oil tanker association, prioritizing uninterrupted fuel supplies and public facilitation.

The Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit to compel the Nigerian National Petroleum Company (NNPC) to account for N211 trillion recorded as ‘Sundry Receivables’ and ‘Accrued Expenses’ in its 2023 financial statements.

The Serbian government has extended its decision to temporarily reduce excise duties on petroleum products until August 2.

A state ceremony was held at the Royal Family Mausoleum in Oplenac to mark the 209th anniversary of the death of Đorđe Petrović – Karađorđe, leader of the First Serbian Uprising.

Fuel and petroleum product prices are once again on the rise in Bosnia and Herzegovina following the escalation of conflict in the Middle East. Diesel prices at some outlets are reaching up to 3.50 KM, while gas has become 14% more expensive, prompting authorities to announce a 'freezing' of certain item prices.