Kpler’s Post

𝐎𝐆𝐑𝐀 𝐬𝐞𝐭 𝐭𝐨 𝐬𝐞𝐧𝐝 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐩𝐫𝐨𝐩𝐨𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐞 𝐚𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐃𝐢𝐯𝐢𝐬𝐢𝐨𝐧 𝐨𝐧 𝐌𝐚𝐲 𝟑𝟏 The #Oil and #Gas Regulatory Authority (OGRA) is considering a significant reduction in the prices of petroleum products, with a proposal to decrease prices by 𝐑𝐬𝟓 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞. This reduction is anticipated to apply to both petrol and diesel, potentially making them more affordable for consumers across the country. The slash in prices could potentially bring relief to consumers grappling with escalating fuel costs. If the proposal is approved, petrol is expected to become cheaper by Rs5 per litre, while diesel prices could see a reduction of Rs4 per litre. #OGRA is set to send the summary of proposed price adjustments to the Petroleum Division on May 31. Subsequently, the Ministry of Finance and the prime minister will take a final decision and issue an official notification. 𝐓𝐡𝐞 𝐧𝐞𝐰 𝐩𝐫𝐢𝐜𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐭𝐚𝐤𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐉𝐮𝐧𝐞 𝟏, 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐭𝐰𝐨 𝐰𝐞𝐞𝐤𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡. On May 1, the #government announced a massive reduction in the prices of petroleum products. According to a notification, the prime minister approved a decrease of Rs5.45 per litre in the price of petrol, while the price of diesel was reduced by Rs8.42 per litre. 𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲, 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟 𝐩𝐞𝐭𝐫𝐨𝐥 𝐢𝐬 𝐑𝐬𝟐𝟖𝟖.𝟒𝟗 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞 𝐚𝐧𝐝 𝐑𝐬𝟐𝟖𝟏.𝟗𝟔 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞 𝐟𝐨𝐫 𝐇𝐒𝐃. . . . #petrolprice #petrolpricedecline #petrolpricedeclinepakistan #Pakistan #pakistangeneral

🚀 Petrobras Withdraws Five Refineries from Privatization Plan: Strategic Shift for the Future! 🔄 On Wednesday, May 22, PETROBRAS PETROLEO BRASILEIRO SA announced that five refineries will no longer be privatized. This decision marks a new phase in the state-owned company's strategy, aligned with the changes brought by the new government. 🔑 Impacted Refineries: Repar (PR): Presidente Getúlio Vargas Refinery Refap (RS): Alberto Pasqualini Refinery Regap (MG): Gabriel Passos Refinery Rnest (PE): Abreu e Lima Refinery Lubnor (CE): Lubricants and Derivatives of the Northeast Refinery 🌍 Context of the Decision: The shift follows a new agreement with the Administrative Council for Economic Defense (Cade), revising obligations assumed in 2019. The new agreement focuses on data sharing to monitor market prices and includes: Guidelines for Crude Oil Delivery: To independent refineries. Standard Contract: For oil delivery by ships. Term: Three years, extendable by another three. 📊 Implications for the Sector: Stimulating Competition: Despite removing some units from the privatization plan, Petrobras remains committed to fostering a competitive market. Price Monitoring: Transparency in refining and crude oil sales prices. 🔗 Conclusion: Withdrawing the refineries from the privatization plan demonstrates Petrobras' adaptation to the current government's new strategic guidelines. This could bring significant changes to Brazil's oil and gas market. 👉 #Petrobras #Refineries #Oil #Gas #Energy #Economy #LinkedIn

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has unveiled the new domestic base price and wholesale prices of natural gas for 2024, jacking it up to $2.42 per metric million British thermal units, from the previous rate of $2.18mmbtu and it also pegged the cost of commercial gas at $2.92mmbtu, up from the previous cost of $2.5mmbtu. The increase was in line with section 167, the third and fourth schedule of the PIA 2021, which mandated the regulator to determine the Domestic Base Price and the marketable wholesale price of natural gas supplied to the strategic sectors. The DBP at the marketable gas delivery point under Sector 167(1) and other provisions of the PIA shall be determined based on regulations which incorporate among such other matters, the following principles. “(a) The price must be of a level to bring forward sufficient natural gas supplies for the domestic market voluntarily by the upstream producers. “(b) The price shall not be higher than the average of similar natural gas prices in major emerging countries that are significant producers of natural gas. “(c) Lowest cost of gas supply based on three-tier cost of supply framework. (d) Market-related prices tied to international benchmarks.” The NMDPRA set the “2024 Domestic Base Price at $2.42/MMBTU and wholesale prices for natural gas in strategic sectors, following consultations with stakeholders and in compliance with the PIA and Gas Pricing Regulations. This was announced and signed by the Chief Executive, NMDPRA, farouk ahmed. #GodBlessNigeria #MayTinubuSucceed

𝐎𝐆𝐑𝐀 𝐬𝐞𝐭 𝐭𝐨 𝐬𝐞𝐧𝐝 𝐬𝐮𝐦𝐦𝐚𝐫𝐲 𝐨𝐟 𝐩𝐫𝐨𝐩𝐨𝐬𝐞𝐝 𝐩𝐫𝐢𝐜𝐞 𝐚𝐝𝐣𝐮𝐬𝐭𝐦𝐞𝐧𝐭𝐬 𝐭𝐨 𝐏𝐞𝐭𝐫𝐨𝐥𝐞𝐮𝐦 𝐃𝐢𝐯𝐢𝐬𝐢𝐨𝐧 𝐨𝐧 𝐌𝐚𝐲 𝟑𝟏 The #Oil and #Gas Regulatory Authority (OGRA) is considering a significant reduction in the prices of petroleum products, with a proposal to decrease prices by 𝐑𝐬𝟓 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞. This reduction is anticipated to apply to both petrol and diesel, potentially making them more affordable for consumers across the country. The slash in prices could potentially bring relief to consumers grappling with escalating fuel costs. If the proposal is approved, petrol is expected to become cheaper by Rs5 per litre, while diesel prices could see a reduction of Rs4 per litre. #OGRA is set to send the summary of proposed price adjustments to the Petroleum Division on May 31. Subsequently, the Ministry of Finance and the prime minister will take a final decision and issue an official notification. 𝐓𝐡𝐞 𝐧𝐞𝐰 𝐩𝐫𝐢𝐜𝐞𝐬 𝐰𝐨𝐮𝐥𝐝 𝐭𝐚𝐤𝐞 𝐞𝐟𝐟𝐞𝐜𝐭 𝐨𝐧 𝐉𝐮𝐧𝐞 𝟏, 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐟𝐢𝐫𝐬𝐭 𝐭𝐰𝐨 𝐰𝐞𝐞𝐤𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐧𝐭𝐡. On May 1, the #government announced a massive reduction in the prices of petroleum products. According to a notification, the prime minister approved a decrease of Rs5.45 per litre in the price of petrol, while the price of diesel was reduced by Rs8.42 per litre. 𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐞 𝐌𝐢𝐧𝐢𝐬𝐭𝐫𝐲, 𝐭𝐡𝐞 𝐧𝐞𝐰 𝐩𝐫𝐢𝐜𝐞 𝐨𝐟 𝐩𝐞𝐭𝐫𝐨𝐥 𝐢𝐬 𝐑𝐬𝟐𝟖𝟖.𝟒𝟗 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞 𝐚𝐧𝐝 𝐑𝐬𝟐𝟖𝟏.𝟗𝟔 𝐩𝐞𝐫 𝐥𝐢𝐭𝐫𝐞 𝐟𝐨𝐫 𝐇𝐒𝐃. . . . #petrolprice #petrolpricedecline #petrolpricedeclinepakistan #Pakistan #pakistangeneral

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Dangote Refinery is set to receive 12 million barrels of crude oil from the Nigerian government in October, as part of the "Crude Oil for Naira" deal. This agreement aims to boost local refining, producing petrol, diesel, and jet fuel for the domestic market, while also reopening 50-60% of currently idle fuel stations. Aliko Dangote also confirmed that refining this crude will cut costs significantly, with potential savings of over $1 billion in demurrage fees.    Babajide Babatunde M (BBM) Ernest Onwuzulike OLUMIDE OJO Jaouad Rahou Ikechukwu Promise Obialor Petlong Dakhling Oveh Kpason Dakim Dung Follow The African Energy Council for more energy news #OilAndGas #aecouncil #EnergySecurity #DangoteRefinery #Nigeria #CrudeOil #EnergyTransition #RefiningCapacity #SustainableEnergy #EnergyEfficiency #FuelSupply #EnergyInfrastructure #OilRefining

At Sperlux-Energy, we specialize in the trading of high-quality petroleum products that power global industries and support economic growth. Our commitment to excellence and reliability makes us a trusted partner for businesses around the world. Here’s what sets us apart: 1. Diverse Product Offerings: We provide a comprehensive selection of petroleum products, including crude oil, refined fuels, lubricants, and specialty chemicals. This variety ensures we meet the specific demands of multiple sectors, from automotive to manufacturing. 2. Seamless Supply Chain: Our established and efficient supply chain guarantees timely delivery of petroleum products to clients worldwide. Our logistics team excels in managing transportation and storage, minimizing delays and ensuring product integrity. 3. Unwavering Quality Standards: We enforce stringent quality control measures on all our products. Each batch is tested to meet international standards, ensuring our clients receive only the best petroleum products available. 4. Expert Market Insights: With deep market knowledge and experience, our team provides clients with crucial insights and intelligence, helping them navigate market fluctuations and make informed decisions. 5. Tailored Trading Solutions: Understanding that each client has unique needs, we offer customized trading solutions. Whether it's bulk orders or specific product requirements, our flexible approach ensures we cater to all demands effectively. www.Sperlux-Energy.com #PetroleumTrading #GlobalSupply #QualityAssurance #MarketInsights #CustomizedSolutions #ReliablePartner

Guyana’s Natural Resource Fund (NRF) received US$246 million (GY$51.3 billion) in revenue from oil sales in June, government data shows. The funds were paid for three lifts of Guyana’s crude entitlement from the ExxonMobil-operated Stabroek Block.  The NRF received:  US$81.6 million (GY$17 billion) on June 10 for a May 11 lift of crude from the Liza 2 project US$80.8 million (GY$16.8 billion) on June 27 for a May 28 lift of crude from the Payara project US$83.73 million (GY$17.5 billion) on June 27 for a May 29 lift of crude from the Liza 1 project With 25 lifts of crude expected for Guyana in 2024, the government reported sales for 15 lifts in the first half of the year. Each lift contains approximately one million barrels. https://lnkd.in/en4AE-Pz

Fitch Ratings has reaffirmed Thai Oil Public Company Limited (TOP) at A+(tha) with a stable outlook. This decision reflects the company's ability to maintain its financial profile, despite softening earnings due to high capital expenditures related to the Clean Fuel Project (CFP), Fitch expects improvements post-2026 as the project becomes fully operational. Clean Fuel Project (CFP): Full operation expected by early 2026,  increasing refining capacity to 400kbpd from 275kbpd.  This will enhance gross refining margins and support EBITDA growth. https://lnkd.in/db4Q8772

#Marine_Fuel_Oil Market: Detailed Analysis by Latest Trends, Demand and Forecast to 2032. >> https://lnkd.in/dSNqRU2w The #demand for #marine #fuel #oil is closely linked to the demand for seaborne trade. The expanding scope of #global trade has a direct impact on the increasing demand for shipping services and the corresponding fuel oil used by these vessels. ExxonMobil bp Shell China Marine Bunker (Petro China) Co., Ltd. World Fuel Services Bunker Holding A/S Total Marine Technology Chemoil BrightOil 光汇石油集团 SINOPEC Gazpromneft- NTC GAC China Changjiang Co., Ltd. Southernpec Corporation LUKOIL-Alliance Oil Company Shanghai Lonyer Co., Ltd. #Marine_Fuel_Oil #chemical_material #business_opportunities #marketanalysis #marketresearch #opportunities #business #future #marine #fuel #oil