R/€ = 16.63 Change: -0.02
R/$ = 14.82 Change: -0.01
Au 1339.63 $/oz Change: 4.11
Pt 794.60 $/oz Change: -4.44


Understanding the label - What’s in an oil?

By: Creamer Media Reporter      23rd May 2019 As the invisible partner enabling us on life’s journeys; do we truly understand what the differences in the various oils are, what the labels on our oil cans mean, and what exactly they do for our engines? Oil is undoubtedly the lifeblood of your car. If the wrong oil is used, the engine is at... 

ARA to host workshop to discuss maritime regulation changes

By: Marleny Arnoldi     17th May 2019 The African Refiners and Distributors Association (ARA), together with the Egyptian General Petroleum Company, will in mid-June host an interactive workshop on the impact of the International Maritime Organisation’s changes to regulation around the sulphur content of ship bunker fuel across... 

Even Trudeau’s Canada, gripped in carbon fight, won’t ditch coal

By: Bloomberg     10th May 2019 Set against lush hills, deep inlets and snow-kissed mountain peaks, Vancouver is the wellspring of Canadian environmentalism—and the heart of its climate dilemma. British Columbia’s premier city prides itself on its green bona fides. The province is the birthplace of Greenpeace, ushered in... 

Singapore integrated complex upgrade

By: Sheila Barradas     10th May 2019 ExxonMobil plans to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates. 

Indian crude oil import dependency surges to 84%

By: Ajoy K Das     9th May 2019 Rising consumption and falling domestic production has increased India’s crude oil import dependency to 83.7% during 2018/19, compared with 82.9% during previous financial year, data from Petroleum and Natural Gas Ministry has showed. Despite Prime Minister Narendra Modi’s ostensible target to... 

Nigeria's NNPC reveals 132 firms companies bid for oil swaps

By: Reuters     3rd May 2019 Nigerian State oil company NNPC said that 132 companies had bid for the right to swap the nation's crude oil for fuels as a tender for the deals closed on Thursday. The tender for the one-year contracts, dubbed direct sale, direct-purchase, was issued in March. NNPC extended the 2018 contracts... 

Hefty rise in petrol price for May

By: African News Agency      29th April 2019 The price of both grades of petrol - 93 octane and 95 octane unleaded and lead replacement petrol - will increase by 54c/l with effect from midnight on Tuesday, the energy department has announced. Diesel 0.05 percent sulphur will increase by 1c/l, while the price of diesel 0.005 percent sulphur... 

India’s Iranian gas investments buried by US sanctions

By: Ajoy K Das     26th April 2019 India’s plan to develop natural gas assets in Iran has been buried in the wake of the US administration’s withdrawal of exemption from sanctions for trade in crude and natural gas with the Persian Gulf nation. A consortium, led by ONGC had held protracted negotiations with Iran since 2002 to... 

Indian government issues supply assurances to domestic oil refineries

By: Ajoy K Das     26th April 2019 In the wake of the end of sanction waivers by the Trump administration for imports of Iranian crude oil, India’s Petroleum and Natural Gas Ministry has officially issued assurances to all domestic refineries that the government will ensure adequate supplies. “The government has put in place a... 

Firm plans to deploy 400 natural-gas refuelling sites across SA

By: Schalk Burger     26th April 2019 Natural-gas distributor Delta Natural Gas (DNG) Energy is rolling out 400 natural gas refuelling sites across South Africa for the taxi and freight industries, which will provide an immediate cost reduction of 25% for these industries and reduce their carbon emissions, says DNG Energy CEO... 

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