Navigation for News Categories Photo: RNZ / Nate McKinnon Air New Zealand has signed a deal to buy nine million litres of sustainable aviation fuel (SAF) – its biggest deal for the green fuel. The agreement with Finnish company Neste was announced as part of the Prime Minister’s trade trip to South East Asia, with […]
Air NZ signs deal for sustainable jet fuel Read More »
Nasir El-Rufai, the former governor of Kaduna State, has claimed that President Bola Tinubu’s government is still subsidizing fuel despite its high cost. Remember that during his inaugural speech on May 29, 2023, the President proclaimed the end of gasoline subsidies. The presidency has often stated that the government is not spending a cent on
Tinubu’s govt paying more on fuel subsidy than ever, says El-Rufai Read More »
ISLAMABAD: The federal government has increased price of petrol by Rs4.53 per litre effective from Monday in line with the fluctuation in global oil prices. Petrol will now be available at Rs293.94 per litre against its previous price of Rs289.41 per litre. Meanwhile, the price of high-speed diesel (HSD) has also been increased by Rs8.14.
Petrol price goes up by Rs4.53 per litre Read More »
An oil pumping crane, working next to a burning pile in an oil field near Samara, Russia Oil prices shrugged off Iran’s unprecedented attack on Israel, falling amid speculation that the conflict will be contained, according to Bloomberg. Brent crude rose at the beginning of trading by only 0.7% to $91.05 per barrel, before falling
Oil Prices Unaffected by Iranian Attack on Israel Read More »
DETROIT — The U.S. government’s auto safety agency has opened an investigation into a Ford recall for gasoline leaks from cracked fuel injectors that can cause engine fires, saying in documents that the remedy doesn’t fix the leaks. The National Highway Traffic Safety Administration said in documents posted Friday that the probe will “evaluate the
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Crude Oil Oil Demand to Grow by 2.2 million Barrel Daily – OPEC The Organisation of Petroleum Exporting Countries (OPEC+) has further extended its oil production cuts this month, with a target to push oil price to $100 a barrel. The decision was anything but unexpected and, unlike previous production policy announcements, it had the
Oil Demand to Grow by 2.2 million Barrel Daily – OPEC Read More »
Alex Kimani Alex Kimani is a veteran finance writer, investor, engineer and researcher for Safehaven.com. More Info Premium Content By Alex Kimani – Apr 11, 2024, 7:00 PM CDT High decline rates for shale wells usually set in soon after commissioning. The U.S. oil rig count is currently 20% below its post-pandemic peak after flatlining
U.S. Crude Production To Decline In 2024 As Shale Activity Stalls Read More »
By Robert Rapier – Apr 11, 2024, 5:00 PM CDT Department of Energy cancels solicitations for Bayou Choctaw SPR site deliveries, citing oil price increases. Despite promises to refill the SPR, Biden Administration halts purchases as market dynamics shift. Predictions of limited SPR replenishment align with historical trends of presidential actions in election years to
Biden Administration’s SPR Plans Derailed by Oil Price Surge Read More »
Updated [hour]:[minute] [AMPM] [timezone], [monthFull] [day], [year] DETROIT (AP) — Ford is recalling nearly 43,000 small SUVs because gasoline can leak from the fuel injectors onto hot engine surfaces, increasing the risk of fires. But the recall remedy does not include repairing the fuel leaks. The recall covers certain Bronco Sport SUVs from the
