Montenegro's government asserts it reacted in time to ensure uninterrupted oil and fuel supply, while the opposition claims the opposite. The General Secretary of the Association of Oil Companies stated that business is thriving and companies are operating without difficulties.

The Indian government and oil companies have stated that there is no shortage of petrol or diesel anywhere in India, urging consumers to ignore rumors and avoid panic buying.

Maryland's Supreme Court has struck down Baltimore's climate lawsuit against oil companies, a decision that poses a setback for other local governments pursuing similar legal actions to recover climate change costs.

Hedge funds and oil companies have convened in Venezuela to discuss and plan for a new era in the energy sector.

Iranian missile strikes are reportedly costing major oil companies billions of dollars in lost revenue, impacting global energy markets.

Senator Sherwin Gatchalian is advocating for a measure to "unbundle" the retail price of petroleum products in the Philippines to reveal oil companies' true profit margins and supports a windfall tax to prevent profiteering.

El Ejecutivo quiere evitar que se especule con las rebajas fiscales a los carburantes aprobadas para paliar la crisis de Oriente Medio

Petrol, diesel price today: While oil companies hiked prices of premium petrol by ₹2 on Friday, there is no change in rates of regular petrol and diesel.

Despite benefiting from increased revenue due to high gas prices, oil companies face the risk of suffering if the energy shock depresses demand from consumers and businesses.

Nel pacchetto degli aiuti del governo rafforzati i controlli della Guardia di finanza. Più poteri a Mr prezzi

Major oil companies are cutting their spending on energy transition initiatives in 2025, marking the first such reduction in eight years.

Top American oil companies are warning the Trump administration that the energy crisis caused by the war with Iran and the closure of the Strait of Hormuz is not only not...

Exports from Harg Island continue normally and the activities of oil companies in the area have not been interrupted, according to an Iranian official cited by Iranian media IRNA...

Lakshmisha assures public there is no shortage as oil companies can supply over 25,000 cylinders daily against demand of 16,000 in Vijayawada; warns of action against black-marketing and rumour-mongering

A German article discusses the extent of the Cartel Office's authority in addressing the issue of rising fuel prices and the effectiveness of its instruments against oil companies.

The Kerala government has called a meeting with oil companies to address a severe shortage of commercial LPG cylinders, a problem also affecting hotels, bars, and restaurants in Dakshina Kannada, where Oil Marketing Companies have assured a resolution within two days.

Klingbeil has publicly criticized the profits of major oil companies following discussions at the G-7 summit regarding oil reserves.

MANILA, Philippines — Gas stations and oil companies must be held accountable for profiteering if they raise prices ahead of scheduled adjustments, Senate President Pro Tempore Panfilo Lacson and Sen. Win Gatchalian said on Sunday. The two made the remarks in separate statements following reports of increased fuel prices in some gasoline establishments shortly after

Leading oil companies like Repsol, Moeve, and BP are advising the Spanish government against implementing direct gasoline subsidies, similar to the 20-cent discount during the Ukraine crisis, in anticipation of price increases due to the Middle East crisis.

Oil companies have reportedly avoided participating in the Trump administration's offshore auction in Alaska.

Energy markets are reacting to Middle East conflict. US oil companies could see higher profits as prices climb.

A recent Supreme Court ruling is anticipated to lead to significant litigation for oil companies regarding royalties.

An analysis reveals that five major oil companies have collectively earned nearly £346 billion in profits since the start of the Ukraine war, with shareholders receiving £320 billion in dividends and buybacks.

Repsol has stated that Venezuela owes the company $5.4 billion, though recovering these funds is not currently a top priority.

Phillips 66 and Citgo are reportedly seeking to buy crude oil directly from Venezuela, according to Reuters.

The Central Bank of Nigeria (CBN) has announced the removal of the cash pool requirement for export proceeds of International Oil Companies (IOCs), as conveyed in a circular from the Director of Trade and Exchange.

Austria's coalition government has agreed on a fuel price brake for oil companies, which will include a one-time discount on prices and some exceptions for smaller businesses.

Major oil companies are reportedly increasing their investments and operations in Libya, signaling a renewed confidence in the country's oil sector.

Tomislav Mićović, Secretary General of the Association of Oil Companies of Serbia, stated that the supply of petroleum products in Serbia has been disrupted because the operations of NIS (Naftna Industrija Srbije) depend on a specific license.

CEOs from major oil companies, including Aramco and Kuwait Petroleum, have canceled their attendance at a US energy conference, with ADNOC's Jaber opting to attend virtually, signaling potential impacts from current global tensions.

Recent Iranian missile strikes are reportedly costing major oil companies billions of dollars in lost revenue, highlighting the economic impact of regional conflicts.

Egypt has announced its commitment to pay $1.3 billion in outstanding arrears to various oil companies by June, addressing financial obligations in the energy sector.

Indian oil companies have increased the price of premium petrol variants by over Rs 2 per litre, attributing the hike to the Middle East conflict and rising global oil prices, while regular petrol and diesel prices remain unchanged.

Lithuanian President Gitanas Nausėda suggests that the European Union should not only quickly adopt its 20th sanctions package against Russia but also begin discussions for a 21st package, potentially including major Russian oil companies like Rosatom and Lukoil.

A German Greenpeace investigation claims that oil companies in Germany have made an additional €21 million in daily profits since the start of the Iran war, accusing them of profiting under the guise of the crisis.

The US Treasury Department has eased sanctions, allowing American companies to conduct business with Venezuela's state-owned oil and gas company, with some restrictions, as the Trump administration seeks ways to increase global oil supplies.

KHRA also said that oil companies were not distributing cylinders to hotels as they were not included in the priority category for supply of LPG.

The Middle East is highlighted as a strategic region for Western oil companies, which hold various stakes in the area's oil and gas fields, refineries, and petrochemical complexes.

Italian families are grappling with increased costs for bills, diesel, and vegetables due to recent price surges. Political figures like Schlein and Salvini are weighing in, with Salvini proposing a tax on oil companies' extra profits.

After an emergency meeting with stakeholders, the Collector said that while increased bookings have caused technical issues for oil companies, which are being resolved, there is no need for panic.

Russia is emerging as a significant winner in the Middle East war, with its oil companies reportedly making substantial profits and the conflict boosting Vladimir Putin’s war chest through increased oil revenues.

Although oil companies claim the shortage is limited to commercial cylinders, distributors say many areas are also facing a shortage of domestic cylinders.

The German government has accused mineral oil companies of price gouging without providing evidence, while citizens look to neighboring countries for cheaper fuel.

The Federal Government has ordered a temporary suspension of the enforcement and collection of helicopter landing fees imposed on oil and gas operators after concerns were raised by stakeholders in the petroleum industry. The post FG suspends helicopter landing fee for oil companies appeared first on Vanguard News.

Energy: Oil companies rebel, the state threatens to crack down, fuel on borrowed time  Seneweb

Dimitrieska-Kočoska assured that the oil situation is stable and there is no need for panic, following a meeting with oil companies where none reported any problems.

It cannot be that oil companies enrich themselves in view of the dramatic situation in Iran, says SPD General Secretary Tim Klüssendorf. He demands intervention by the Federal Cartel Office.

A political dispute has erupted in Switzerland over soaring fuel prices, with politicians demanding relief for consumers and businesses. Criticism is also directed at oil companies amid concerns about government failure.

Eight oil companies in Tokyo are under investigation by the Tokyo District Public Prosecutors Office for allegedly forming a cartel to illegally raise diesel prices for transportation companies.

Shares of Russian companies, including Gazprom, Lukoil and Rosneft, have surged due to the Middle East war driving oil prices higher.

Shell is leading a group of oil companies in challenging a significant $5 billion environmental fine imposed in Kazakhstan.

Oil companies jostle for projects to boost Venezuelan output quickly; a real grind awaits  TradingView

States are pursuing "climate superfund" bills to hold oil companies accountable for global warming damages, while a federal judge has blocked a Texas law targeting firms that boycott the fossil fuel industry.

The Central Bank of Nigeria (CBN) has announced that International Oil Companies (IOCs) can now repatriate 100% of their export proceeds, a move aimed at boosting forex liquidity and market stability.

Indian ethanol producers are experiencing an oversupply, with offers for the 2025-2026 supply year significantly exceeding the demand sought by oil companies, leading to challenges for the industry.

The German states of Bremen, Hamburg, and Mecklenburg-Vorpommern are advocating for a windfall tax on oil companies, accusing them of profiting from crises like the Iran war and high oil prices.

Austria's coalition and the FPÖ are competing in parliament over who has the better fuel price brake, with the Greens warning they will only support effective margin limits for oil companies. ORF-2 notably cut its broadcast during Kickl's speech.

Iranian missile strikes are reportedly causing billions of dollars in lost revenue for major oil companies, highlighting the significant economic impact of regional conflicts.

Serbian Minister of Mining and Energy, Dubravka Đedović Handanović, announced that the state is negotiating with oil companies to find the best method and prices for selling 40,000 tons of oil from its commodity reserves.

A new analysis by the Icelandic Confederation of Labour reports that the profit margins of oil companies in Iceland have substantially increased in real terms since 2022.

Greenpeace's German branch has accused oil companies in Germany of making an additional 21 million euros in daily profits since the start of the Iran war, exploiting the crisis.

A Greenpeace report indicates that oil refining margins have risen to their highest level since autumn 2022, leading to increased profits for oil derivative companies in Germany, as noted by the International Energy Agency.

The price of diesel at the pump is primarily a result of fiscal policy rather than solely the movement of oil prices on world exchanges, often leading to public accusations against distributors and oil companies when prices rise.

Top executives from major U.S. oil companies have cautioned Trump administration officials that the current energy market turmoil could escalate, potentially leading to further instability and price volatility.

Serbian President Aleksandar Vučić announced that the state will offer petroleum derivatives from its commodity reserves to oil companies to prevent diesel prices from exceeding 210 dinars per liter. This measure aims to stabilize fuel costs for consumers.

An Icelandic trade union, Viska, reports that oil companies have increased their mark-up over the past five years, reaching a historically high level of an estimated 70 Icelandic krónur per liter of petrol in the first two months of the year.

The price of Russian oil, which determines tax payments from the country's oil companies, has exceeded the amount budgeted by Russia for the first time since January 2025, suggesting that the US-Israel conflict with Iran is currently benefiting the Kremlin.

MANILA, Philippines — Any suspension of excise taxes on fuel would not be felt immediately by the public since oil companies have to exhaust its remaining products that have been taxed already, a…

The Austrian coalition government is debating interventions to curb fuel prices, with several options on the table. The SPÖ proposes a margin cap for oil companies, while ÖVP Chancellor Stocker considers a fuel tax reduction.

Can Montenegro be left without fuel tomorrow, as the Association of Oil Companies warns of a serious risk of supply interruption due to uncoordinated prices and the consequences of the war in the Middle East, and can...

Despite 19 sanction packages against Russia from the EU and new US sanctions against Russian oil companies, Western nations continue to refrain from sanctioning Russia's influential nuclear energy sector.

Oil marketing companies are absorbing recent crude oil price spikes, creating a buffer against inflation and GDP impacts. Despite a 16.8% rise in Brent crude, a full pass-through to consumers is unlikely, with OMCs expected to manage the increase through their margins. This strategy helps cushion India's economy from geopolitical shocks affecting its heavy reliance on imported oil.

Energy prices have surged dramatically since the United States and Israel launched their attack on Iran Saturday, and that will almost certainly translate into bigger profits.

MANILA, Philippines—Rural groups led by peasant group Anakpawis staged a protest at a gasoline station in Quezon City on Tuesday, March 3, as fuel prices rose for the ninth straight week, accusing oil firms of using the escalating Middle East conflict to justify higher pump prices. In a statement, the group warned that oil companies

The US Supreme Court is scheduled to hear a bid by oil companies to dismiss climate-related lawsuits against them.

ExxonMobil is actively working to assess the natural gas resources in Guyana, according to a statement from a government minister.

After a period focused on share buybacks, major oil companies are now increasing their drilling activities.