South Africa: Fuel Runs Dry in Nelson Mandela Bay
Fuel shortages in Nelson Mandela Bay are escalating due to petroleum companies limiting supplies, citing the Gulf war as a contributing factor.
Long Lines for Gas Cylinders
The district administration has convened a meeting with all petroleum companies, including IOC, Bharat Petroleum, and HPCL, emphasizing the importance of maintaining calm and attending to consumer calls amidst the gas cylinder demand surge.
Oil arrives in Cuba: Fuel will be for foreign companies... but resale is prohibited on the island
Cuban private companies are now importing fuel directly amidst US oil sanctions, but the government has prohibited resale to address energy shortages.
US expands oil license in Venezuela to include French company Maurel & Prom along with five multinationals
The US government has expanded a petroleum license in Venezuela to include the French firm Maurel & Prom, joining five other multinational companies already allowed to operate.
USA imposes new sanctions against Iranian oil
The USA has imposed sanctions on 15 companies dealing with Iranian oil and other petroleum products, alongside sanctions on 14 vessels in Iran's 'shadow fleet' which evade detection while trading sanctioned oil.
TotalEnergies warns deregulation needs oversight beyond funding
TotalEnergies Marketing Nigeria Plc cautions that Nigeria's deregulated downstream petroleum market requires rigorous regulatory discipline and consistent policies to thrive long-term, highlighting that inadequate regulation, not capital, has driven multinational oil companies away.
Oil companies are seeking staff to work in Venezuela, these are the profiles required to recover the industry
Oil companies in Venezuela are looking to fill over 40 positions, including technical, operational, engineering, and strategic administrative roles, to revitalize the industry.
Fourteen months of processing the Triple A case marked by delays, failed hearings, attorney substitutions, and judge changes...
The Triple A case has been ongoing for nearly fourteen months, with sixteen individuals and six companies due to stand trial in January 2026 for illegal activities related to petroleum products.
American Refining Companies the Biggest Winner from Trump's Control Over Venezuelan Oil
The New York Times reports that American refining companies are the biggest beneficiaries of the Trump administration's efforts to control Venezuela's oil sector, particularly benefiting companies like Valero Energy and Marathon Petroleum as oil flows from Venezuela to the U.S.
Trump says US would control 55% of world oil
President Trump stated that the US could dominate over 55% of global oil production if American companies are allowed to access Venezuela's oil resources.
Markets do not anticipate a rise in barrel prices but reward U.S. oil companies.
Despite not expecting an increase in barrel prices, markets are favoring U.S. oil companies with positive rewards.