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Pertamina raises Indonesian fuel prices by 32%
Indonesian state-owned energy supplier Pertamina Patra Niaga has declared a price hike for its Pertamax and Pertamax Green petroleum variants, effective June 10.
Singapore fuel oil stocks fall as bunker supply remains tight
Overall fuel oil imports fell by 344,000 barrels during May to 4.72mn barrels, while exports declined by a substantially larger 401,000 barrels to reach 2.08mn barrels.
India eyes deeper energy ties with Venezuela
India has already increased its purchases of Venezuelan crude with New Delhi the second-largest importer of Venezuelan oil in May.
India launches guidelines for small hydro power scheme
The Ministry of New and Renewable Energy (MNRE) has launched the operational guidelines for the Small Hydro Power (SHP) Development Scheme for FY2026-27 to FY2030-31, aiming to add around 1,500 MW of new small hydro capacity.
India notifies coal exchange rules to enable market-based trading
India has unveiled a regulatory framework for coal exchanges, setting the stage for a market-based trading system aimed at increasing transparency, competition and efficiency in the country's coal sector.
US overtakes Gulf suppliers as India’s top LPG, LNG source in May
The United States became India’s largest supplier of liquefied petroleum gas (LPG) and liquefied natural gas (LNG) in May, overtaking traditional Gulf exporters.
European Commission ends Czech Dukovany foreign subsidy review
The European Commission (EC) confirmed it ended the review of the Czech nuclear power plant Dukovany enhancement project under the foreign subsidy regulation (FSR).
Record Orlen payout guarantees Polish state budget dividend windfall
Poland’s state coffers are guaranteed to receive a larger financial boost than originally anticipated this year, after shareholders at the country’s top state-controlled firms approved record-breaking payouts.
Rodríguez ends India visit highlighting oil trade and broader cooperation
Rodríguez said the trip focused on advancing a bilateral agenda that would deliver benefits for both nation
US envoy says Venezuelan oil exports hit seven-year high
US Chargé d'Affaires John Barrett said in a post on social media that the export performance stemmed from a three-stage strategy designed by Secretary Marco Rubio and President Donald Trump
Venezuela joins OPEC+ talks as group advances 2027 output framework
Venezuela’s Minister of Hydrocarbons, Paula Henao, took part in a series of OPEC and OPEC+ meetings focused on strengthening coordination among major oil-producing nations and laying the groundwork for future production targets
COP31 co-hosts Turkey, Australia to push ‘35% by 2035’ target in electrification of energy use
Turkey and Australia, the hosts of this year’s United Nations climate conference, COP31, on June 9 said that they will push for the world’s governments to back a call for all countries combined to electrify 35% of global energy use by 2035.
Serbia says will not hinder NIS sale as Gazprom-MOL talks progress
Serbia will not obstruct the planned sale of Russia’s majority stake in oil firm NIS, as negotiations between Gazprom and Hungary’s MOL enter a critical final phase under a US-imposed deadline.
France’s Orano, Mongolia mark construction start on uranium development project
French state-controlled nuclear fuel cycle company Orano and subsidiary Badrakh Energy, along with Mongolian partners, attended a ceremony marking the start of the construction phase of a joint uranium project in Mongolia.
Guyana's Stabroek Block sees fresh subsea installation and deepwater work through year-end
Nigerian Exchange seeks pan-African participation in Dangote Refinery IPO with up to $50bn valuation
The Nigerian Exchange Group (NGX Group) is positioning the planned initial public offering (IPO) of Dangote Refinery and Petrochemicals FZE as a pan-African investment opportunity
Creditors take control of Brazil’s Raízen
Raízen has secured backing from around 75% of creditors for a restructuring plan covering BRL65bn ($12.55bn) in debt, allowing Brazil’s largest out-of-court restructuring process to move forward days before the deadline for court approval.
ExxonMobil to complete Stabroek Block dredging works by November as Guyana output tops 900,000 bpd
Japan's K Line orders LNG-fuelled car carriers for Europe
K Line said using LNG as fuel was expected to reduce carbon dioxide emissions by 25-30% and cut sulphur oxide emissions by almost 100% compared with conventional heavy fuel oil.
Norway's Noble secures BP drilling contract for UK campaign
Offshore drilling contractor Noble announced on June 9 it had secured a three-well contract with BP for the Noble GreatWhite harsh-environment semi-submersible rig, which has been renamed Noble Claus Bachmann.
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