The Nigerian National Petroleum Company (NNPC) announced a profit of N276 billion for March. This achievement came despite pipeline disruptions, with the company also noting a one-year high in gas output.

Petroleum Sarawak Bhd’s (Petros) appeal concerning a RM7.95 million Petronas bank guarantee has been scheduled for case management on June 22 by the Kuching High Court.

India's leather and footwear industry is facing a 40-60% surge in input costs due to the Middle East crisis, which is impacting petroleum-based materials and imports, prompting industry representatives to request import duty exemptions.

Indonesia is exploring the possibility of importing liquefied petroleum gas (LPG) from Russia, in addition to its existing crude oil imports.

Electric and petroleum workers in Cuba gathered for a massive rally to celebrate their colleagues and express solidarity.

India has increased the prices of commercial liquefied petroleum gas (LPG) and jet fuel for international airlines, citing mounting supply pressures stemming from the Middle East conflict.

Nigeria has expressed its dedication to the Organisation of Petroleum Exporting Countries (OPEC) and its allies, OPEC+, in maintaining global oil market stability.

Sri Lanka's Ceylon Petroleum Corporation (CPC) announced that there would be no fuel price revision today, with a decision pending further discussion.

The Portuguese state collected 4% more in petroleum tax revenue up to March, despite rising fuel prices and a tax reduction, with a surge in March attributed to a rush to the pumps.

Nigeria's Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, announced the successful completion of the OB3 gas project, which is expected to enhance gas supply reliability, power generation, and industrial growth in the country.

An article providing general information and an overview of the Organization of the Petroleum Exporting Countries (OPEC).

The Hong Kong government will provide diesel and liquefied petroleum gas (LPG) subsidies for public and commercial vehicles to mitigate higher fuel prices caused by the Middle East war. The diesel subsidy will be HK$3 per litre.

The Polish Ministry of Energy is finalizing amendments to the law on crude oil, petroleum products, and natural gas reserves to strengthen the fuel storage system and prevent circumvention of storage obligations.

According to the Petroleum Chamber, less than 30% of Venezuela's oil wells are currently in operation, indicating significant challenges in the country's oil production.

A Federal High Court has awarded N5 million in damages against an Anambra LG boss for the illegal demolition of properties belonging to Lake Petroleum Limi Read More:…

Diesel and petrol prices in Lithuania increased by 5% and 4.8% respectively on Tuesday morning, according to the Lithuanian Energy Agency, while liquefied petroleum gas prices remained unchanged.

Moldova's Ministry of Energy reported that current fuel stocks ensure 19 days of consumption for gasoline, 11 days for diesel, and 18 days for liquefied petroleum gas (LPG), alongside daily import figures.

According to the Petroleum Chamber, less than 30% of Venezuela's oil wells are currently in operation, indicating significant underutilization in the country's vital oil sector.

The oil industry in Pakistan has requested the State Bank of Pakistan to extend the permission for importing petroleum products on a cost, insurance, and freight (CIF) basis for two months or until market conditions stabilize, aiming to ensure continuous supplies.

In Lithuania, average diesel and liquefied petroleum gas (LPG) prices decreased by 1.1% and 0.1% respectively on Monday morning. Meanwhile, the price of gasoline increased by 0.1%, according to the Lithuanian Energy Agency.

The ongoing conflict in Iran is anticipated to disrupt supply chains for petroleum-derived products, potentially leading to significant price increases for various goods, including condoms, clothing, and crayons.

Egypt's Petroleum Minister and the CEO of Elsewedy Electric are reportedly probing the Ain Sokhna phosphate project, indicating a focus on its development and progress and potential investment…

Salimon Oladiti, a former National Trustee, has been elected as the new president of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG).

The Prime Minister of Pakistan has increased the petroleum levy to Rs107.4 per liter, leading to a significant petrol price hike amidst a fuel crunch.

Brussels has agreed to allow member states to request authorization for extraordinary reductions in the Specific Tax on Petroleum Products (ISP), but not for VAT on fuels.

Nigeria's Upstream Petroleum Regulatory Commission (NUPRC) is challenging a recent court ruling concerning the Dawes Island field. The move aims to protect Nigerian oil investments and ensure regulatory stability for investors in the country's petroleum sector.

Miteva announced that the price of liquid petroleum gas (LPG) has been reduced by five denars per liter, stating that government measures are having a direct effect on fuel prices.

The Renault Clio has been updated with a new Eco-G engine, offering 120 horsepower and the ability to run on both petrol and liquefied petroleum gas (LPG), extending its range up to 1,450 kilometers.

Ghana's National Petroleum Authority (NPA) has raised concerns about a growing number of tanker drivers and their assistants abandoning the petroleum haulage sector to engage in illegal mining activities, locally known as galamsey.

The South Korean government announced plans to more than double fuel tax cuts on liquefied petroleum gas butane products starting next month. It will also push for stronger penalties against collusion to stabilize market prices.

ZEN Petroleum Holdings PLC has commenced trading on the Ghana Stock Exchange (GSE), listing 640 million ordinary shares and raising GH¢640 million. This marks a significant milestone for the company and Ghana's capital market.

WTI crude oil prices extended gains, driven by record high US oil product exports, a significant Strategic Petroleum Reserve release, and dips in domestic production.

Edudzi Tamakloe, CEO of Ghana's National Petroleum Authority (NPA), advocates for an updated legal framework to govern the downstream petroleum sector, citing the current act as over two decades old.

Germany's economy ministry announced that it has been informed that Kazakh crude oil may not reach the PCK Schwedt refinery from May, though petroleum product production is not at risk.

Activists in Carcaixent, Spain, are pushing for the complete removal of the mausoleum dedicated to genocidal figure Luburic, arguing that merely removing a fascist shield is insufficient.

Godwin Kudzo Tameklo, CEO of the National Petroleum Authority (NPA), launched the 2026 National Petroleum (NAPET) Ladies Week celebration, reaffirming the authority's commitment to advancing women empowerment.

TotalEnergies SE (TTE) announced the signing of a Memorandum of Understanding (MoU) with Türkiye Petrolleri Anonim Ortaklığı (TPAO), indicating a new collaboration.

Warren Buffett's favored oil stock, Occidental Petroleum, recently dropped 8%, prompting an analysis of both the bull and bear cases for investors considering buying the dip.

The Bangladesh Petroleum Corporation (BPC) has instructed Padma, Meghna, and Jamuna to boost fuel supplies across the country.

In Baclaran, Parañaque, charcoal demand has surged, leading vendors like Raida Gante to start selling earlier, as liquefied petroleum gas (LPG) prices have reportedly doubled.

The Petroleum Training Institute (PTI) has matriculated 2,101 new students for its 2025/2026 session, announcing a strict zero-tolerance policy against cultism and exam misconduct.

The Indian government is developing new pipeline infrastructure to decrease the reliance on road transport for liquefied petroleum gas (LPG).

The Ghanaian government has directed a reduction in petroleum product prices to provide consumer relief, a move acknowledged by the Chamber of Oil Marketing Companies (COMAC) which also raised concerns about its financial impact.

Analysts have provided insights and commentary on the performance and outlook of energy companies Occidental Petroleum (OXY) and Gulfport Energy (GPOR). These insights are crucial for investors tracking the energy sector.

The impact of the Iran situation is spreading across various sectors in Japan, affecting local railways operating diesel vehicles and manufacturers dealing with petroleum-derived chemical fibers, raising concerns about the future.

An analysis examines Occidental Petroleum's strong market performance in 2026 and evaluates whether it represents a smart investment opportunity for the present.

A safety review has been prompted for the Menumbok–Labuan ferry service after lorries transporting gas and petroleum products were observed aboard Ro-Ro ferries.

Sri Lanka's Ceylon Petroleum Corporation (CPC) has publicly refuted claims of a $286 per barrel oil price and is threatening legal action against those spreading the information.

Ghana's National Petroleum Authority (NPA) has announced new fuel price floors for the April 16 pricing window, leading to price cuts by some Oil Marketing Companies like GOIL and Star Oil, particularly for diesel. While petrol prices are expected to rise slightly, diesel prices are set to decrease.

The Nigerian Senate has given the Nigerian National Petroleum Company Limited (NNPCL) a deadline of April 29 to provide explanations for N210 trillion in audit queries. The demand comes as the Senate seeks accountability for the significant financial discrepancies.

Kenya's Energy and Petroleum Regulatory Authority (EPRA) is facing intense examination over its fuel pricing formula, with questions raised about its transparency and impact on consumers.

The Nigerian Senate has ordered the Nigerian National Petroleum Company Limited (NNPCL) to account for N210 trillion and has summoned its CEO, Mele Kyari, to appear before a committee.

Petroleum Marketing Group is reportedly redeveloping its technological infrastructure by adopting a new cloud-based platform to enhance its operations.

Nigeria's daily petrol imports surged by 96.6% to 5.9 million litres in March, according to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). This significant increase reflects a rise in fuel consumption or supply adjustments within the country.

The Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in fuel prices, with petrol rising by Sh28 and diesel by Sh40.

Bessent stated that China has been an unreliable partner by hoarding oil, noting its strategic petroleum reserve is comparable in size to that of the entire International Energy Agency.

Occidental Petroleum's stock experienced a decline today, with analysts examining the reasons behind the drop.

Former Nigerian petroleum minister Diezani Alison-Madueke has pleaded not guilty to allegations of bribery and corruption in a UK court, asserting she neither sought nor accepted illicit payments during her tenure.

Energy experts have criticized the World Bank's recommendations for Nigeria to increase fuel importation and liberalize its petroleum sector, warning that the advice is ill-timed and economically regressive.

The father of a 1.5-year-old toddler who swallowed petroleum in Aliveri, Evia, Greece, has clarified the incident, denying reports of his arrest for child neglect. He stated that the child is recovering well.

The Philippines government has announced a cut in taxes on petroleum products, aiming to ease the impact of rising fuel prices on consumers and the economy.

Nana Kwesi Agyeman IX, Paramount Chief of Lower Dixcove, voiced concerns over the prolonged delays in the construction of Ghana's Petroleum Hub project. He warned that the youth in the Western Region are beginning to lose hope in its realization.

Pakistan's petroleum ministry informed Deputy Prime Minister Ishaq Dar that the country possesses sufficient reserves of petroleum products to last until the third week of June.

Occidental Petroleum announced that CEO Vicki Hollub will retire on June 1, with COO Richard Jackson slated to take over her position. This leadership change comes as the company's stock performance is also being evaluated.

Indonesia is actively promoting 3kg Compressed Natural Gas (CNG) as a more affordable alternative to Liquefied Petroleum Gas (LPG), touting it as 40% cheaper. This initiative aims to provide a more economical energy option for consumers.

Working-class neighborhoods in Delhi are experiencing widespread distress due to the sharp increase in the cost of LPG (liquefied petroleum gas). This rise in essential fuel prices is creating a quiet crisis for migrant families.

Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, asserted that the government successfully protected citizens from global fuel price volatility, while also disassociating these actions from upcoming elections.

Occidental Petroleum announced that CEO Vicki Hollub will retire from her position. Veteran Richard Jackson has been selected to succeed her as the company's new chief executive.

In such a market environment, OKTA remained focused on its core role – a reliable supplier of petroleum products in the domestic and neighboring markets, prioritizing continuity and security...

Pakistan's Petroleum Division has refuted claims circulating on Thursday that petrol stations across the country would shut down from May 1 due to fuel shortages, assuring continued supply.

South Sudan has decided not to renew Oranto Petroleum's Block B3 oil exploration license, impacting the company's operations in the region.

U.S. crude oil exports have surged to a new record, exceeding 6 million barrels per day, as inventories tumble and the Strategic Petroleum Reserve continues to be drained. This marks a significant increase in American oil shipments.

YSRCP MP Maddila Gurumoorthy has written to Union Petroleum Minister Hardeep Singh Puri, alleging a fuel shortage in Andhra Pradesh and seeking urgent intervention from the central government.

Fuel prices in Ghana are expected to see mixed adjustments starting May 1, 2026, with petrol and diesel projected to decline, while Liquefied Petroleum Gas (LPG) is anticipated to increase sharply.

The new NUPRC board has formally resumed its duties, committing to implement oil reforms under the Petroleum Industry Act to boost Nigeria’s upstream sector.

The Nigerian government has inaugurated new board members for the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), with Chairman Magnus Abe pledging stronger leadership and improved oversight.

Reports indicate that the United Arab Emirates is preparing to withdraw from the Organization of the Petroleum Exporting Countries (OPEC) oil cartel.

Saudi Aramco has announced the suspension of its liquefied petroleum gas (LPG) deliveries through May. The decision was made following damage to one of its facilities.

Amid rising concerns over stable crude oil supply in Asia following a de facto blockade of the Strait of Hormuz, Idemitsu Kosan has decided to supply crude oil to Vietnam using a route that bypasses the strait. This move aims to maintain supply chains, as Vietnam exports fuel and petroleum-derived products to Japan.

According to the Petroleum Chamber, less than 30% of Venezuela's oil wells are currently in operation, highlighting significant challenges in the country's oil industry.

An analysis suggests that a decrease in air travel alone will not substantially alleviate the oil crisis, as crude demand weakens when prices for jet fuel and other petroleum products rise.

Petroleum product sales in Cyprus saw an 18.6% year-on-year increase in March 2026, indicating strong demand despite ongoing fluctuations in fuel prices.

An analysis provides guidance on whether investors should buy, sell, or hold shares of Occidental Petroleum (OXY), evaluating its current market position.

Gasoline prices are set to increase while diesel prices will decrease in Moldova for the weekend of April 25-27, 2026, with specific price changes noted for standard petroleum products.

The Portuguese government is set to increase the Special Tax on Petroleum Products (ISP) for diesel next week, taking advantage of an anticipated international price drop. The tax rate for gasoline will remain unchanged.

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted reports claiming it is selling scrap materials, equipment, or components from its refineries.

Average prices for gasoline, diesel, and liquefied petroleum gas in Lithuania decreased slightly on Friday morning, according to the Lithuanian Energy Agency.

The LPG Operators Association commended Ghana's National Petroleum Authority (NPA) following a cordial stakeholder engagement meeting focused on strengthening the LPG value chain.

Many common items, including medicines, clothing, soft toys, and cosmetics, are surprisingly manufactured using oil. These articles reveal the extensive and often unnoticed presence of petroleum derivatives in daily life.

UBS has increased its price target for Occidental Petroleum (OXY) to $67, reflecting an updated analyst outlook on the energy company's stock.

ISLAMABAD: Road transport of petroleum crude and products to and from Attock Oil Refinery (ARL) was restored late last night with the support and intervention of Petroleum Minister Ali Pervaiz Malik…

An article explores various common items, such as soft toys, lipstick, and pajamas, that are surprisingly derived from petroleum.

The National Petroleum Authority (NPA) and police in Ghana are intensifying efforts to combat the dangerous practice of siphoning fuel from accidented tankers, following recent crashes.

A coalition of civil society organizations in Ghana is urging the National Petroleum Authority to cut off fuel access to illegal mining operations, identifying it as a crucial step to combat galamsey.

The ongoing conflict involving Iran is significantly impacting global economies, leading to increased costs for various goods, from consumer products to petroleum. Experts are questioning whether this conflict will reshape global trade dynamics even more profoundly than the COVID-19 pandemic.

The United States and Canada have jointly urged South Korea not to impose controls on petroleum exports, indicating concerns over potential disruptions to global energy markets.

According to the American Petroleum Institute (API), U.S. crude oil inventories decreased by 4.4 million barrels last week, indicating a drawdown in domestic stockpiles.

President Marcos Jr. wants no disruption in petroleum supply.

Transportation groups in the Philippines are planning another strike for April 21 to protest high petroleum prices and demand the suspension of excise and value-added taxes on fuel products.

An analysis of Occidental Petroleum's stock performance, discussing whether it's an opportune time to buy OXY shares or consider shorting out-of-the-money puts.

The Criminal Investigation and Detection Group (CIDG) dismantled an illegal fuel operation in Agusan del Norte, seizing petroleum products worth an estimated P6.62 million and arresting two suspects.

Restaurants in Pune, India, are successfully overcoming a local LPG (liquefied petroleum gas) shortage by adopting alternative cooking methods and strategies. This has led to a reduction in complaints from the city's eateries.

Согласно пресметките, како што се наведува во соопштението, очекувањата се дека Регулаторна комисија за енергетика ќе донесе одлука со која ќе се изврши дополнително намалување на малопродажните цени…

Eni Ghana, in collaboration with Vitol Upstream Ghana Ltd and Ghana National Petroleum Corporation, has signed a Memorandum of Understanding with the Ghana Health Service. This agreement aims to expand access to healthcare services in Ghana's Western Region.

President Ruto is reportedly facing new pressure from the IMF regarding a reduction in petroleum VAT, indicating potential economic policy disagreements.

The Pakistani government has collected Rs180 billion through a petroleum levy over six weeks, with imported fuel contributing the majority of the revenue.

The article explores the development of plant-based engine oils, or "biosynthetic materials," as a viable alternative to traditional petroleum-based lubricants. These innovations aim to reduce emissions and protect the planet from pollutants.

Moldova imported nearly 3,000 tons of diesel and gasoline on April 16, bringing its fuel reserves to 19 days for gasoline, 11 days for diesel, and 19 days for liquefied petroleum gas.

Hristijan Mickoski stated that North Macedonia possesses ample reserves of oil and petroleum products, including diesel, unleaded gasoline, and kerosene, and is prepared to adapt its strategy if challenges arise.

Cofek, a consumer organization in Kenya, has raised concerns and alleged the sale of toxic petroleum products at fuel pumps.

Petroleum prices in Nepal have been raised for the fifth time within a 31-day period, indicating ongoing fluctuations in fuel costs.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) announced that Nigeria's daily oil production rose by 4.2% to 1.546 million barrels per day in March 2026, marking an increase from the 1.483 mbpd recorded in February.

Nigeria's Petroleum Technology Development Fund (PTDF) has screened 243 candidates for its overseas PhD scholarship program.

Ibe Kachikwu, a former Minister of State for Petroleum Resources, has reportedly described the African Democratic Congress (ADC) faction loyal to David Mark as 'political gangsters'.

This article previews what investors and analysts should anticipate from Marathon Petroleum's next quarterly earnings report.

Ghana is experiencing a sharp increase in petroleum product prices, with diesel prices rising significantly, prompting discussions on a balanced tax cut approach.

Nigeria's cooking gas market is facing threats from rising Liquefied Petroleum Gas (LPG) prices and the ongoing crisis in the Middle East, impacting consumers and businesses.

A bad consignment of petroleum has reportedly entered the Kenyan market, with Kenya Pipeline stating it was mixed with existing stocks, despite earlier assurances from the State.

According to the American Petroleum Institute (API), U.S. crude oil stockpiles saw an increase of 6.1 million barrels last week.

Kenya's Energy and Petroleum Regulatory Authority (EPRA) has announced an increase in the prices of petrol by Sh28 and diesel by Sh40.

Türkiye's state-owned upstream oil and gas company, TPAO, announced plans to begin acquiring shares in foreign companies as part of Ankara's strategy to develop international partnerships. This move aims to expand the company's global presence and secure energy resources.

MANILA, Philippines — President Ferdinand Marcos Jr. announced the suspension of the excise on liquefied petroleum gas (LPG) and kerosene on Monday, the first day of the effectivity of the law…

Nigeria, Africa's largest oil producer, has become a net exporter of refined petroleum products, a historic shift driven by the operations of the Dangote Refinery.

The Chamber of Petroleum Consumers (COPEC) in Ghana has announced a potential GH¢1.70p relief for consumers. This relief is expected to impact fuel prices and consumer spending.

A 1.5-year-old girl on Easter holiday in Aliveri was rushed to the hospital after accidentally drinking petroleum, narrowly avoiding a tragedy.

A 1.5-year-old girl was hospitalized in Aliveri, Greece, after accidentally swallowing petroleum. Her condition is reported as stable.

Promino Nutritional Sciences and CW Petroleum have both announced their fiscal year financial results. These reports provide an overview of their performance over the past year.

City officials in Tuapse, Russia, and representatives of the Emergency Situations Ministry reportedly barred female volunteers from assisting in the cleanup of petroleum products from the shoreline, citing concerns for their reproductive health.

An opinion piece discusses the significant power of the Organisation of Petroleum Exporting Countries (OPEC) as the richest cartel, comparing its influence to notorious drug lords. It reflects on the long-term implications for the oil industry.

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is implementing new measures to enhance and increase the domestic supply of natural gas. These efforts are aimed at strengthening the nation's energy sector.

Several investment trusts and companies, including Invesco, Neuberger Berman, iRadimed, Magna International, and Federal REIT, have announced their latest dividend payouts to shareholders. These declarations cover various amounts and funds.

Oil Marketing Companies (OMCs) in Ghana, including Star Oil and Goil, have started reducing petrol and diesel prices in compliance with a price floor announced by the National Petroleum Authority.

Reports from the Tehran Times suggest that the United Arab Emirates is contemplating a withdrawal from the Organization of the Petroleum Exporting Countries (OPEC).

Japan has successfully secured sufficient petroleum-derived naphtha to last until 2027, alleviating concerns about potential shortages of the crucial material, which had arisen due to the ongoing conflict in Iran.

Tethys Petroleum has released its annual financial results and provided a corporate update, detailing its performance and strategic developments.

Pakistan's Petroleum Minister Ali Pervaiz Malik highlighted India's relative stability in absorbing oil disruptions, attributing it to the country's strategic oil and adequate forex reserves, in contrast to Pakistan's oil shock.

NIS Group experienced a challenging first quarter, leading to a decrease in financial and operational indicators, particularly a reduction in crude oil processing volumes and petroleum product sales compared to the same period last year. The company operated under complex conditions.

Waltersmith Petroman Oil Limited has announced the successful expansion of its refinery capacity to 10,000 barrels per day, following an official inspection visit by the Nigerian Midstream and Downstream Petroleum Regulatory Authority.

As East Africa approaches its 'first oil' era, the Tanzania Petroleum Development Corporation (TPDC) is advocating for deeper regional integration to maximize benefits.

Hong Kong will introduce a two-month subsidy for liquefied petroleum gas (LPG) used by taxis, minibuses, and school buses starting in May, in response to rising fuel prices.

Ichihara City in Chiba Prefecture has announced that residents can use non-designated garbage bags for burnable waste starting April 29, due to a shortage of designated bags made from petroleum products, attributed to the situation in Iran.

According to the American Petroleum Institute (API), U.S. crude oil stockpiles decreased by 1.8 million barrels in the past week. This report provides an update on national oil reserves.

Godwin Edudzi Tamakloe, Chief Executive of Ghana's National Petroleum Authority (NPA), has cautioned oil marketing companies to prioritize robust safety systems and practices over profit generation.

The United Arab Emirates (UAE) announced on Tuesday that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) and the alliance of oil-producing countries OPEC+ on May…

Fuel prices in Ghana are expected to ease slightly from May 1, 2026, with the National Petroleum Authority announcing lower price floors for petrol and a more significant reduction for diesel.

Prices for the main standard petroleum products are increasing on April 28, 2026.

North Macedonian Prime Minister Hristijan Mickoski stated that his government is not considering banning the export or re-export of oil and petroleum products, nor restricting sales to citizens of neighboring countries.

Godwin Edudzi Tameklo, CEO of the National Petroleum Authority, stated that Ghana's NDC party possesses a strong bench of leaders capable of defeating the New Patriotic Party’s presidential candidate, Mahamudu Bawumia.

Five men were apprehended in Mariveles, Bataan, during a buy-bust operation for allegedly distributing tampered liquefied petroleum gas (LPG) cylinders.

Islamabad's district administration has announced high security measures due to the arrival of foreign delegates, with only vehicles carrying petroleum products, food items, and medicines granted special permission to ply.

The American Petroleum Institute (API) and various farm groups are urging Congress to support year-long sales of E15 fuel as consumer prices continue to climb.

In February, the consumption of natural gas in Macedonia decreased by 16.5 percent due to reduced activity of cogeneration plants, while total electricity consumption was 700,715 MWh.

This article details the life and contributions of Hans Höfer Edler von Heimhalt, an Austrian geologist who became an internationally recognized expert in the petroleum field after a trip to America in 1876.

Multiple reports analyze various long-held and significant stocks within Warren Buffett's investment portfolio, detailing the reasons behind his continued confidence and investment strategies in companies like Apple, Coca-Cola, and Chevron.

The Chairman of Ghana's Parliament's Energy Committee, Emmanuel Kwasi Bedzrah, has praised the National Petroleum Authority (NPA) for its transparency and constructive engagement during a recent monitoring visit in Accra.

India's Ministry of Petroleum and Natural Gas has strongly refuted reports of an impending petrol and diesel price hike, labeling them as 'fake news' intended to cause public alarm.

Sierra Leone has signed an agreement with Shell, allowing the oil major to conduct advanced geological and geophysical surveys across several offshore blocks, according to the country's petroleum directorate.

ZEN Petroleum Holdings has successfully listed its shares on the Ghana Stock Exchange (GSE). This move marks a significant development for the company in the Ghanaian market.

Occidental Petroleum's stock rocketed 38% in 2026, with a significant surge observed in March.

A new National Petroleum Authority (NPA) Bill in Ghana is expected to introduce an $80 levy on every metric tonne of Liquefied Petroleum Gas (LPG) to fund a cylinder recirculation program.

China has been aggressively selling oil from its strategic petroleum reserve in recent weeks, indicating a strategic move to leverage its accumulated 1.5 billion barrels.

Petroleum infuses a multitude of everyday items the Iran war could make more expensive  AP News

The US Treasury's OFAC has issued a new license, extending the authorization for the purchase of Russian oil and petroleum products loaded onto tankers until April 17.

A new bill introduced by Rongo MP Abuor seeks to amend Kenya's Petroleum Act, proposing that fuel prices be reviewed every 14 days to allow for faster adjustments in response to global oil volatility.

Ghana is anticipating a substantial decline in its petroleum revenue, with a projected $600 million drop attributed mainly to decreased oil production. This forecast has been highlighted by officials and reports from the Public Interest and Accountability Committee (PIAC).

A report by PIAC indicates that Ghana's total petroleum receipts are projected to fall by 43.27% from $1.36 billion in 2024 to $770.27 million in 2025, primarily due to a sustained decline in crude oil production.

Nigeria exported 55.39 million barrels of crude oil in the first two months of 2026, even as the Dangote Petroleum Refinery continues to struggle with inadequate domestic feedstock supply.

The Executive Secretary of the Chamber of Petroleum Consumers (COPEC), Duncan Amoah, has called for the complete dissolution of Ghana's Office of the Special Prosecutor amidst ongoing debate on the country's anti-corruption architecture.

Bangladesh is currently facing a shortage of Liquefied Petroleum Gas (LPG).

Malaysia's government is studying a proposal to create strategic petroleum reserves to reduce vulnerability due to import reliance, according to the deputy economy minister.

Occidental Petroleum's stock price saw a sharp drop today, with analysts pointing to specific market factors or company news as the cause for the plunge.

An earnings preview details what to expect from Occidental Petroleum's upcoming financial report.

Sri Lanka's Ceylon Petroleum Corporation (CPC) confirmed a diesel barrel purchase at $286, while simultaneously rejecting allegations of overpricing for the import. The corporation addressed public concerns regarding the cost of the fuel acquisition.

President Ferdinand Marcos Jr. has issued Executive Order 114, suspending the excise tax on liquefied petroleum gas (LPG) and kerosene, following an earlier announcement.

The Ceylon Petroleum Corporation (CPC) in Sri Lanka announced it will conclude its QR-free fuel concession at midnight tomorrow, impacting fuel distribution.

A report highlights the top ten companies leading in petroleum sales within Kenya, detailing their market performance.

Volunteers in Anapa, Russia, are again rescuing birds contaminated by petroleum products, with the effort's leader stating the pollution stems from a new oil spill affecting the Black Sea coast.

The Energy and Petroleum Regulatory Authority (EPRA) in Kenya has announced a reduction in the prices of petrol by Sh9 and diesel by Sh10.

One month after Japan began releasing oil reserves due to heightened tensions with Iran, efforts to secure alternative crude supplies are progressing, but challenges persist in ensuring some petroleum products reach consumers effectively.

Road transport operators in Ghana have called off their planned fare increase following government interventions aimed at stabilizing petroleum prices.

Prime Minister Takaichi announced approximately $10 billion in aid during an online summit with Asian nations to ensure Japan's stable procurement of petroleum-derived medical supplies.

Nigeria's crude oil output, excluding condensate, rose to 1.38 million barrels per day (bpd) in March 2026, up from 1.31 million bpd, but still missed its allocated quota from the Organization of the Petroleum Exporting Countries (OPEC).

Indonesia has successfully secured a new deal with Russia for the supply of oil and liquefied petroleum gas (LPG).

Nigeria has partnered with Southfield Petroleum to launch a new gas plant in the Delta region, aiming to process 200 million standard cubic feet daily. The initiative seeks to bridge the domestic gas supply gap and reduce reliance on imports.

Duncan Amoah, Executive Secretary of the Chamber of Petroleum Consumers (COPEC), has called on the Ghanaian government to make strategic investments in the Tema Oil Refinery (TOR) to bolster the nation's petroleum sector.

BP has announced its intention to purchase a 60% stake in three Eco Atlantic Petroleum Exploration Licenses (PELs) located offshore Namibia.

The Chamber of Petroleum Consumers (COPEC) in Ghana has proposed a temporary 50% reduction in the Energy Sector Shortfall and Recovery Levy, known as the 'dumsor levy,' to help alleviate fuel costs for consumers.

The Department of Finance in the Philippines is prioritizing the suspension of excise tax on liquefied petroleum gas (LPG) and kerosene, citing consideration for lower and middle classes.

President Ferdinand Marcos Jr. has announced the suspension of excise taxes on kerosene and liquefied petroleum gas (LPG) to alleviate fuel costs, alongside waiving tariffs on food imports to help manage rising prices.

Türkiye's state-owned Turkish Petroleum Corporation (TPAO) and TotalEnergies have signed a preliminary agreement to explore for hydrocarbons in the Black Sea waters off Türkiye.