Malaysia’s Petronas sees domestic oil, gas output peaking by 2024

[ad_1] [1/2]A logo of Petronas is seen at their office in Kuala Lumpur, Malaysia, April 27, 2022. REUTERS/Hasnoor Hussain SINGAPORE, June 27 (Reuters) – Malaysia’s state energy firm Petronas sees…

Analysis: Nigeria’s Tinubu faces daunting hurdles after reform sprint

[ad_1] Petrol subsidy, forex restrictions removed Disputed election deeply polarised Nigeria Some Nigerians link Tinubu to Buhari legacy Corruption, patronage networks entrenched LAGOS, June 27 (Reuters) – New Nigerian President…

As Nigeria scraps fuel subsidy, a vibrant black market collapses

[ad_1] [1/5]Yaouba Ahmadou, in white dress, a semi-wholesaler of Nigeria’s contraband fuel speaks with his workers in Garoua, Cameroon June 21, 2023. REUTERS/Desire Danga Essigue Smuggled Nigerian fuel widely traded…

Low water hampers Rhine river shipping in Germany

[ad_1] HAMBURG/LONDON, June 19 (Reuters) – Low water levels after dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany and meaning surcharges are…

Oil rises as market awaits Fed interest rate decision

[ad_1] IEA upgrades 2023 oil demand growth to 2.4 mln bpd U.S. crude stocks rise unexpectedly -API LONDON, June 14(Reuters) – Oil prices rose on Wednesday as investors awaited the…

Shell says Singapore energy, chemicals assets under review

[ad_1] SINGAPORE, June 14 (Reuters) – Shell (SHEL.L) said on Wednesday it is conducting a strategic review of energy and chemicals assets on Bukom and Jurong Island in Singapore. The…

US buys over 3 mln bbls for oil stockpile, announces plan for 3 mln more

[ad_1] WASHINGTON, June 9 (Reuters) – The U.S. Department of Energy said on Friday it awarded supply contracts to five companies to deliver 3.1 million barrels of crude oil to…

Oil rises 1% on Saudi plan to deepen output cuts from July

[ad_1] Brent and WTI both jump by more than $1 Saudi move is in addition to OPEC+ cuts OPEC+ meeting and Saudi cuts could boost prices -analysts NEW YORK, June…

Saudi to make new voluntary cuts as part of OPEC+ deal – source

[ad_1] LONDON, June 4 (Reuters) – Saudi Arabia will make new voluntary cuts as part of an OPEC+ deal, an OPEC+ source told Reuters on Sunday. Two other OPEC+ sources…

Renault customers to lodge criminal complaint in France over faulty engines

[ad_1] PARIS, June 2 (Reuters) – Renault (RENA.PA) could face prosecution in France over faulty engines as a group of customers plans to lodge a criminal complaint against the carmaker…