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Oil prices rose slightly today, marking their first increase in five days. Traders are closely watching the situation in the Middle East following the death of Hamas leader Yahya Sinwar.

Oil and Gas Sector

Hamas

Israel

market-news24.com

Oil Prices Rise Amid Middle East Tensions Following Hamas Leader's Death - Market-News24

Kaieteur News – ExxonMobil Guyana Limited (EMGL), the operator of Guyana’s prolific Stabroek Block is currently in discussion with the Government of Guyana (GoG) to further increase the daily rate of oil production at the Liza Two project. This was revealed by the President of EMGL, Alistair Routledge during a media conference last week at […] The post ExxonMobil in discussion with Gov’t to ramp up oil production at Liza Two appeared first on Ka…

Exxon Mobil

Guyana

Kaieteur News

ExxonMobil in discussion with Gov’t to ramp up oil production at Liza Two

–        This Will Reduce Flight Delays, Cancellations – Keyamo LAGOS – A consortium of seven oil companies have set up a Joint User Hydrant Installation 2 (JUHI 2) at the Murtala Muhammed Airport (MMA), Lagos to supply Jet A1, otherwise known as aviation fuel to airline operators in Nigeria. This is as Mr. Festus Keyamo, the Minister of Aviation and Aerospace Development has said that the operations of the facility at the Lagos airport would le…

Lagos, Lagos

Lagos

nigerianewspapers.net

Seven Oil Companies Set Up Facilities For Aviation Fuel At Lagos – Independent Newspaper Nigeria

West Texas Intermediate (WTI) Oil price extends its gains for the second consecutive day, trading around $70.40 per barrel during Asian hours on Friday.

Stock Markets

United States

US Economy

FXStreet

WTI inches higher to near $70.50 following drop in US Oil stocks

The final removal of Nigeria’s longstanding fuel subsidy marked the beginning of a new economic reality, significantly altering the country’s oil sector and leading to a sharp rise in fuel prices and inflation, with petrol prices more than doubling and inflation reaching 32.7 per cent. LAOLU AFOLABI writes on the widespread hardship and Nigerian’s expectations

Inflation

Nigeria

Nigeria Economy

Punch Newspapers

Grappling with tough economic implications of total fuel subsidy removal

Police are investigating a fire at a home in Dorval owned by Emile Benamor, the owner of the two Old Montreal buildings that were allegedly set on fire in the past year, killing nine.  Last week, his office was targeted and this time a car was torched in his driveway.  Neighbours on the quiet cul-de-sac woke up to a car engulfed in flames.  “Around 2:50 in the morning, I woke up to a loud bang and a big flash of light coming from … the car becau…

Montreal

canadanewsvideo.com

mtlcityweblog.com

Emile Benamor: Car torched at home of owner of Old Montreal buildings struck by deadly arsons #QuebecNews #Canada #CanadaNews

By Florence Tan SINGAPORE (Reuters) –     Crude oil futures inched higher on Friday, supported by a surprise drop in U.S. oil inventories and simmering Middle East tensions, but prices were headed for their biggest weekly loss in more than a month on worries of lower demand. Brent crude futures rose 16 cents, or 0.2%, to $74.61 a barrel by 0025 GMT while U.S. West Texas Intermediate crude was at $70.84 a barrel, up 17 cents, or 0.2%. Both contra…

WTVB

القدس العربي

Blue Water Healthy Living

Oil edges up, but on track for biggest weekly loss in over a month

Oil companies are expected to slash fuel prices next week, the Department of Energy said Friday.

Manila

ABS-CBN

Fuel price rollback expected next week: DOE

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The explosion occurred past midnight in Jigawa state after the tanker driver lost control of the vehicle while traveling on a highway close to a university, police spokesperson Lawan Adam said.

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Fuel tanker explosion kills more than 150 people in Nigeria

The Supreme Court on Wednesday allowed the Biden administration at least in the short term to enforce its latest attempt to curb climate-harming carbon emissions from coal- and gas-fired power plants that contribute to climate change.

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Supreme Court allows Biden to implement plan to curb carbon emissions from power plants

Oil company Phillips 66 announced Wednesday that it plans to shut down a Los Angeles-area refinery by the end of 2025, citing market concerns. The refinery accounts for about 8% of California’s refining capacity, according to the state’s Energy Commission. The company said it will remain operating in the state.

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Oil company Phillips 66 says it will shut down Los Angeles-area refinery

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