Global benchmark Brent crude oil settled 1% higher on Monday, as concerns mounted that intensifying airstrikes in Russia and Ukraine could lead to supply disruptions, and as a weaker dollar lent additional support.Brent crude futures settled up 67 cents, or 1%, at $68.15 a barrel. The U.S. benchmark, the West Texas Intermediate futures contract ,...
Month: September 2025
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Brazil’s Petrobras lowers jet fuel prices by 3.7%
Brazilian state-run oil company Petrobras (PETR3.SA), opens new tab will lower the average price of jet fuel sold to distributors by 3.7%, or 0.13 real ($0.0240) per liter, starting September 1, the company said on Monday.Petrobras makes monthly alterations to its jet fuel prices based on factors including oil prices and currency exchange rates.
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Nigeria signs deepwater oil contract with TotalEnergies
Nigeria has signed a production-sharing contract (PSC) with TotalEnergies (TTEF.PA), opens new tab and local firm South Atlantic Petroleum for two offshore blocks, in a step to boost exploration and attract investment under its new oil framework.Nigeria, Africa’s largest oil producer, is seeking to revitalize its upstream sector amid global energy transition pressures and declining...
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Star Oil Maintains Fuel Prices for First Pricing Window of September
Accra, Ghana – September 1, 2025Star Oil, a leading player in Ghana’s downstream oil sector, has maintained the prices of its petroleum products for the first pricing window of September 2025.The decision comes amidst a cautiously balanced market outlook, as noted in the September report by the Chamber of Oil Marketing Companies (COMAC). The report...
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Crude Oil and Refined Products Market Review and Outlook-1st to 15th Sept
Crude oil prices in the global market declined by about 3.69% compared to the previous pricing window, demonstrating the sector’s recovery from the geopolitical tensions in Q2 that spiked prices considerably around the period. Pump prices are expected to edge slightly in the coming window (1st to 15th September) due to the depreciation of the...
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Global nuclear industry gathers in London this weekGoal to triple nuclear capacity by 2050 is achievable
In 2024, nuclear reactors supplied more electricity than ever before. World Nuclear Performance Report 2025 charts this record milestone and demonstrates nuclear’s endurance as part of a clean and resilient global energy mix.The global reactor fleet ran at an average capacity factor* of 83% in 2024, higher than any other source of electricity. This measure...
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Rolls-Royce denies report of IPO plans for small nuclear reactor unit
Aug 30 (Reuters) – Rolls-Royce Holdings (RR.L), opens new tab on Saturday denied a report it was exploring an initial public offering for its small nuclear reactor unit.The Financial Times, citing people familiar with the situation, reported on Saturday the company was considering an IPO as well as other funding options. It said talks with...
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Imported coal for Matarbari plant had stones – some weighing 30kg, probe finds Energy
These oversized stones were detected after unloading one-third of the coal from 11th consignment. The shipment carried 63,300 tonnes onboard MV Orient Orchid, which docked at the Matarbari jetty on 17 March this year A consignment of Indonesian coal imported to feed the 1200 MW Matarbari Ultra Super Critical power plant in March contained boulders...