Shell and BP will pay around $15 million to the Central Energy Fund to cover the operating costs of the Sapref refinery, as part of their sale to the South African government.
This support is aimed at revitalizing the country's largest refinery.
Shell and BP will pay around $15 million to the Central Energy Fund to cover the operating costs of the Sapref refinery, as part of their sale to the South African government.
This support is aimed at revitalizing the country's largest refinery.
According to Naftogaz, the controversy surrounding the ban on Lukoil oil transit through Ukraine is politicized.
The volumes of oil delivered to Hungary and Slovakia remain unchanged despite the sanctions imposed.
According to Naftogaz, the controversy surrounding the ban on Lukoil oil transit through Ukraine is politicized.
The volumes of oil delivered to Hungary and Slovakia remain unchanged despite the sanctions imposed.
Palmdale Oil strengthens its position in Florida with the acquisition of Maassen Oil Company, expanding its capabilities and distribution network in the Tampa and Fort Myers areas.
Palmdale Oil strengthens its position in Florida with the acquisition of Maassen Oil Company, expanding its capabilities and distribution network in the Tampa and Fort Myers areas.
Saudi Aramco's new official sales prices for September were lower than expected, reflecting weak refining margins in Asia and the forthcoming OPEC+ production increase.
Saudi Aramco's new official sales prices for September were lower than expected, reflecting weak refining margins in Asia and the forthcoming OPEC+ production increase.
Oil prices rose slightly after the publication of a positive indicator on the US economy, reassuring investors about future demand despite persistent geopolitical risks.
Oil prices rose slightly after the publication of a positive indicator on the US economy, reassuring investors about future demand despite persistent geopolitical risks.
Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).
Production at Libya's Sharara oilfield is partially halted due to protests, threatening to reduce output to zero according to the National Oil Corporation (NOC).
Petrobras, the Brazilian oil company, joins forces with a partner to acquire a 40% stake in Galp's Mopane block in Namibia, with the aim of strengthening its reserves.
Petrobras, the Brazilian oil company, joins forces with a partner to acquire a 40% stake in Galp's Mopane block in Namibia, with the aim of strengthening its reserves.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
In July, Russia reduced its crude oil exports to their lowest level in a year, while exports of refined products rose by 6% thanks to the recovery of domestic refineries.
