PetDag Used Oil Recycling

▼ 3.10%  close $6.23 from $6.43

The world's fastest-growing economy trades equities only on Mondays, highlighting the structural gap between Guyana's surging energy output and its nascent capital markets.

The Norwegian energy services firm's stock jumps following the announcement, lifting sentiment on the Oslo exchange at the start of the week.

Persistent external headwinds keep the island's growth outlook subdued, reinforcing the Central Bank of Cyprus's recent downgrade of its 2026 and 2027 projections.

Finance Minister II Amir Hamzah Azizan will engage with oil companies to address financial losses incurred by petrol station operators during the transition to the new diesel subsidy framework.

With geopolitical risk premiums fading, crude markets are recalibrating around rising supply volumes and uncertain demand outlooks.

The record discount signals aggressive volume defense as Riyadh seeks to recapture market share amid softening demand and competitive pressure.

Georgetown aims to attract remote workers as the nation seeks to broaden its economic base beyond the Stabroek Block oil surge.

Digital tracking of 1kg packets has reduced diversion to the black market, easing pressure on domestic edible oil availability.

Consumers to pay more for gas from midnight.

Baghdad's cabinet greenlights preliminary deals with US and Qatari firms to assess new export capacity, signaling a push to diversify infrastructure amid quota disputes.

Critics argue the government is subsidizing operational costs for major producers, raising questions about fiscal discipline as the Natural Resource Fund grows.

Rivers State officials link sustained army operations to reduced crude theft, a key variable for Nigeria's export capacity and global supply balances.

Video evidence surfaces in the case of a 21-year-old killed near a major fuel depot in Paramaribo, with one suspect still at large.

The attack on Russian infrastructure underscores persistent supply-side risks, keeping a geopolitical premium on energy prices despite broader market calm.

The unanimous ruling resolves a dispute over the seized vessel and its cargo, returning assets to the owner.

Barisan Nasional candidate Muszaide Makmor outlines plans to boost Sedili constituency through university-linked technology projects and new processing infrastructure.

Rising price pressures in the Mediterranean island complicate the policy debate over tax adjustments versus structural reforms.

Low-wage service staff face mounting pressure as petrol costs remain elevated, highlighting the uneven impact of energy inflation on retail employment.

Legislative move aims to curb supply disruptions in the Niger Delta, a persistent drag on output and a key risk factor for global crude benchmarks.

Legislative push aims to curb supply disruptions in the Niger Delta, a persistent drag on output and a key risk factor for global crude benchmarks.

Malaysian firm Elsa wins subsea inspection work across Peninsular Malaysia and Sabah, signaling growing adoption of autonomous tech in regional energy infrastructure.

The carrier plans to add routes and restore competitive pricing, capitalizing on the sharp decline in jet fuel costs following the US-Iran interim peace deal.

Filings reveal the two foreign partners have contributed no fresh equity for two years, shifting the financial burden to Guyana’s state operator and raising questions about future development pace.

Brent crude and WTI crude benchmarks retreat from recent highs, signaling that traders are de-risking geopolitical premiums amid renewed diplomatic engagement between Washington and Tehran.

New distributed energy infrastructure aims to offset grid instability in Nigeria's commercial hub, supporting ongoing port upgrades.

The volume of new service permits and upstream monitoring licences suggests sustained operational momentum in the West African producer's petroleum sector.

Petrojam's latest pricing update signals a reprieve for Jamaican motorists, with gasoline and diesel costs set to drop effective Thursday.

Persistent infrastructure failure in the Niger Delta raises questions about supply reliability, though global benchmarks remain largely insulated from the localized disruption.

Brent crude and WTI crude retreat from conflict-driven highs, signaling a shift from risk-off pricing to fundamentals-driven valuations.

The Nigerian industrial giant is accelerating its pan-African refining footprint, signaling a major shift in regional energy infrastructure and product supply dynamics.

Discussions on fuel supply and refining cooperation signal Dangote's push to deepen its footprint in Central Africa, following recent expansion plans in East Africa.

Funds target capital markets and digital infrastructure, adding to external financing despite rising debt concerns.

The round-of-16 fixture between two major oil producers has drawn attention to the sovereign wealth stakes and export dynamics defining the global energy landscape.

The resource-led bounce that quelled recession fears appears to be losing momentum, complicating the outlook for the Bank of Canada amid sticky inflation.

A Singaporean man received a life imprisonment term for pouring boiling oil on and stabbing his flatmate, a case driven by long-standing domestic disputes.

The recovery in the billionaire's net worth follows a sharp correction in Nigerian markets, underscoring the volatility surrounding the continent's largest private enterprise ahead of its planned IPO.

Labor unrest at a key Black Sea export hub raises operational risks for regional crude flows amid broader energy sector volatility.

▲ 7.47%  close $8.78 from $8.17

The discovery adds to supply potential in a region already seeing heightened exploration interest, though commercial viability remains unproven.

The pause in rising IPCA and Selic projections follows a softer-than-expected June inflation print, reinforcing the case for a central bank rate cut.

The incident at a PDVSA facility in Los Llanos underscores persistent operational risks in Venezuela's oil sector, compounding recent supply shocks from elsewhere.

Persistent energy cost pressures in Africa's largest economy underscore structural supply challenges, with S&P Global raising 2026 inflation forecasts to 16.9%.

Brent crude settles lower following the mutual ceasefire agreement, with traders shifting focus to supply normalization and upcoming OPEC+ signals.

▼ 4.11%  close $8.17 from $8.52

The Caribbean nation's push to replicate Guyana's energy boom gains traction with a ninety-day contest for acreage in a basin where reserves have surged past 1 billion barrel equivalents.

Egypt urgently acts to contain oil spill in Lake Nasser.

▼ 7.49%  close $8.52 from $9.21

The shutdown underscores the fragility of Sherritt's integrated supply chain, following its earlier decision to exit Cuba amid U.S. sanctions.

Brent crude falls sharply on hopes for an interim deal, lifting equities and easing supply disruption fears across energy markets.

Brent crude softened on Friday, capping a volatile week for energy and equities. Investors are weighing renewed doubts over AI-driven growth against hopes for stable oil supply.

Cross-asset support from Chinese vegetable oils lifted Malaysian palm oil Friday, though the contract remains on track for a fifth straight week of declines.

The ruling forces the French energy giant to factor downstream emissions into its risk assessment, raising compliance costs and legal exposure for major oil majors.

The judgment expands climate liability scope for major oil producers, adding regulatory uncertainty to the energy sector's transition costs.

The Ministry of Industry's initiative targets value-added manufacturing, while Malaysian palm oil futures extend gains on broader edible oil strength.

The deadline adds pressure to resolve the long-running maritime border dispute, with implications for regional supply growth and investor certainty in the Guiana Basin.

The greenback's climb to multi-year highs is testing African currencies, with Nigeria's official rate holding steady despite broader EM FX volatility.

Gasoline and diesel costs drop in Jamaica effective June 28, mirroring broader regional easing of pump prices seen in the Philippines and Portugal.

Mission 300 milestone signals progress in infrastructure financing, though commercial impact on energy equities remains limited.

Traders pause after a sharp tech sell-off, with the memory chip maker’s results set to gauge sector sentiment.

Diplomatic efforts to resolve the long-running export standoff between Iraq's central government and the Kurdistan Region could unlock additional supply, adding downward pressure on Brent crude.

Recovering shipping traffic in the Strait of Hormuz eases supply fears, pushing the benchmark to its lowest level since hostilities erupted between the US, Israel, and Iran.

The government's decision to prolong the lower consumption tax provides temporary relief for motorists and businesses, though the measure remains a short-term fix rather than a permanent policy shift.

The administration's move to investigate pricing practices adds political pressure to energy markets already volatile from Mideast conflict.

Tensions flare along the Cuyuni River ahead of a critical International Court of Justice ruling, adding another geopolitical pressure point to an already fragile energy market.

Oil-marketing companies warn that frequent policy revisions deter foreign investment, even as the government seeks to shield consumers from global price volatility.

Petronas-run offshore block could yield crude alongside existing gas, adding a new supply vector to the Caribbean basin as SEOGS summit opens.

Malaysian palm oil futures climbed for a third consecutive session, supported by gains in Dalian and Chicago edible oils alongside robust export figures.

Transnet National Ports Authority secures all 11 operator agreements at Island View, stabilizing a critical fuel and chemical hub amid ongoing litigation risks.

“We are finalising the mechanism for participation … and hope to make public the process in Quarter 2 of this financial year,”

Investors are urged to look beyond headline resource finds, as governance and infrastructure gaps continue to weigh on energy sector valuations in frontier regions.

Paramaribo hosts its first local-content forum, yet the country lacks the legislative framework that neighbors like Guyana have already established.

Fading optimism over a US-Iran deal triggered a cross-asset reversal, lifting crude prices and bond yields while weighing on equity sentiment across the region.

Malaysia’s state oil marketer broadens its recycling initiative, signaling a push toward circular economy practices in the downstream sector.