President Ferdinand R. Marcos Jr. announced significant fuel price reductions for the coming week and urged oil companies to implement them promptly. Diesel prices are expected to drop by P24.94 per liter.

The director of the Qatar Leadership Centre emphasized the need for major oil companies to collaborate and share security costs to ensure the resilience of the LNG system, suggesting these costs should be incorporated into fuel prices.

Major oil companies have reportedly lost another appeal concerning a substantial $5 billion fine related to sulfur emissions in Kazakhstan, solidifying the financial penalty.

A report indicates that the ongoing US and Israeli "war of aggression" against Iran has led to a daily additional profit of 90 billion Icelandic kronor for major global oil companies due to a significant increase in world oil prices, warning of a potential global economic crisis.

An investment analysis suggests that the smartest oil trade in 2026 might be in companies that own the ground beneath oil reserves, rather than traditional oil giants like Exxon.

Major oil companies are reportedly making significant 'war profits,' estimated at $23 billion in March alone, due to conflict-driven increases in oil prices to an average of $100 per barrel.

India's state-run oil companies are incurring substantial losses on petrol and diesel due to stable retail prices despite volatile global crude oil prices and a supply squeeze in the Strait of Hormuz.

A Philippine lawmaker has urged the Philippine Competition Commission, Energy Regulation Commission, and Department of Energy to investigate the 'cartel-like behavior' of oil companies amidst rising fuel costs.

A federal judge in Rio de Janeiro has issued a preliminary injunction, suspending Brazil's 12% crude oil export tax for five international companies including Shell and TotalEnergies.

The president of Unem expressed dismay at the Italian government's stance on oil companies' extra-profits, arguing that refineries are already impacted by energy decrees and are working to contain prices.

As Americans struggle amid the threat of higher inflation, Lockheed Martin, Shell and other companies are experiencing gains Two weeks into the US-Israel war with Iran, the White House was fielding…

Republicans are working to pass legislation that would insulate oil companies from climate change lawsuits, following a similar law recently enacted in Utah.

Energy stocks have performed exceptionally well as crude oil prices surged following the US and Israeli attacks on Iran, with Brent crude experiencing a record 64% monthly increase in March, the largest since the Gulf War, and prices are now likely to follow a short-lived but sharp spike pattern, leading to significant profits for American oil companies.

Oil companies are willing to contribute to price reductions if the state also reduces taxes

Critics argue that President Trump's energy policies, including attacking Iran, threatening its oil, blocking clean energy, and exempting Gulf of Mexico oil companies from endangered species protection, demonstrate a dangerous reliance on outdated fossil fuel systems, with some now accusing the White House of 'ecoterrorism' through its environmental actions.

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

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.

Tokyo prosecutors have seized minutes detailing price adjustments by five oil companies accused of forming a diesel cartel, as part of an ongoing antitrust investigation.

Japan's Fair Trade Commission has filed criminal charges against five oil sales companies, alleging they formed a cartel to illegally inflate diesel fuel prices for transportation businesses in Tokyo.

Environmental organizations, including ZERO, are urging the European Commission to implement a tax on oil companies' profits, citing €1.3 billion in accumulated earnings during the crisis and sending a letter to EU officials.

Reports indicate that major oil companies are significantly profiting from the ongoing conflict involving Iran. This situation highlights the economic impact of geopolitical tensions on the energy sector.

Oil companies are already seeing significant profits from the effects of war, with Galp experiencing soaring margins, prompting governments to consider taxing these extra profits.

A Department of Energy official in the Philippines has acknowledged that the weekly fuel price adjustments contribute to cartel-like behavior among oil companies.

Vermont and New York's 'climate superfund' laws are facing legal challenges, including a pending Supreme Court case, setting up a showdown between US states and major oil companies.

Several oil companies are facing accusations of massive accounting fraud in the state of New Mexico.

Amit Forlit, accused of running a global hacking operation targeting climate activists on behalf of a Washington lobbying group, has been extradited to New York. Prosecutors allege the operation aimed to obstruct environmental lawsuits against oil companies.

The Romanian government is set to convene an extraordinary session today to approve an emergency ordinance that will reduce the excise duty on standard diesel by 30 bani/liter and institute a solidarity contribution for oil sector companies.

Romania's Ministry of Finance has proposed an emergency ordinance to lower diesel prices, which includes reducing the excise duty on standard diesel and implementing a solidarity tax on oil companies.

Aviation Turbine Fuel (ATF) prices in India have increased by 25%, but domestic airfares are currently protected from a steep rise due to oil companies limiting hikes and government warnings against unreasonable fare increases.

Large oil companies are reportedly returning to exploration efforts as global oil reserves continue to dwindle, signaling a renewed focus on discovering new sources.

The Romanian government is working to establish a solidarity fund that will be financed by the profits of oil companies operating in the Romanian market.

A Chinese battery manufacturer has reportedly surpassed major oil companies, highlighting a shift in the energy sector, while Total is noted for its continued focus on fossil fuels.

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.

European oil companies have reportedly outperformed their US counterparts by capitalizing on a trading bonanza linked to the Iran war. This situation highlights the differing impacts of geopolitical conflicts on global energy markets and corporate profits.

Economic disparities are reportedly worsening in the Philippines, with traditional jeepney operators facing hardship while oil companies experience increased profits.

An analysis for The Guardian claims that the world's top 100 oil and gas companies, including Saudi Aramco, Gazprom, and ExxonMobil, made over $30 million per hour in "unearned profit" during the first month of the American-Israeli war in Iran.

Leading global oil companies are anticipated to generate an additional $234 billion in profits, attributed to ongoing war-related market conditions.

Major oil companies are reporting significant profits driven by soaring oil prices, which are attributed to the ongoing Iran crisis. While some firms benefit, others are impacted by the conflict in the Gulf region.

Brussels is preparing economic measures to avert a recession, including a proposed tax on oil companies and increased flexibility for state aid. The European Commission aims to coordinate methane purchases among member states while maintaining the Stability Pact.

While higher crude oil prices provide a significant cash infusion to the oil industry, sustained high prices and market volatility can ultimately present serious drawbacks for business.

MANILA, Philippines — President Ferdinand Marcos Jr. has the power to take over oil companies’ operations and potentially impose a price freeze if essential oil products like liquefied petroleum gas…

Sources indicate that major oil companies are showing early interest in acquiring a stake in a deepwater field located in the U.S. Gulf of Mexico.

Kuwait's Oil Minister has recognized and honored firefighters for their service at major oil companies in the country.

A strike in Tel Aviv has resulted in injuries to 14 Israelis, amidst ongoing regional tensions.

Romania plans to reduce the excise duty on diesel fuel and implement a windfall tax on oil companies, signaling new fiscal measures in the energy sector.

An analysis suggests that the increasing risks in the Middle East will compel major oil companies to explore new regions and strategies for their operations.

Russian oil companies have issued warnings of potential supply disruptions following drone attacks that have halted oil loadings at the Ust-Luga port since Wednesday and damaged Primorsk, another key Russian Baltic Sea port.

The International Monetary Fund is developing scenarios for countries that may require financial support due to the prolonged Middle East conflict. India has cut special excise duties on petrol and diesel, a move expected to lead to revenue loss but provide relief to consumers and oil companies.

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 costing major oil companies billions of dollars in lost revenue, impacting global energy markets.

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.