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China and India struggle to curb fossil fuels
China and India are burning record amounts of fossil fuels this year, even as they also install record renewable power generation capacity, highlighting the slow pace and enormous inertia to be overcome in the energy transition.
Nigeria buying fuel with cash, rather than crude, in post-reform shift
Nigerian state oil company NNPC has begun buying gasoline via cash tenders, rather than oil swaps, for the first time in nearly a decade.
Russia fuel exports jump in Sept despite OPEC deal, sanctions
Russian crude oil and product exports rose in September by as much as 460,000 bpd, the International Energy Agency estimated, despite Western sanctions and Moscow’s pledge to cut output in tandem with OPEC
Japan set to extend fuel, power subsidies to March 2026
Japan's government is set to decide to extend gasoline, natural gas and power subsidies to the end of March that were set to expire at the end of 2023.
Russia will never be seen as reliable energy supplier, U.S. energy official says
U.S. Assistant Secretary for Energy Resources Geoffrey Pyatt said Russia would never again be viewed as a reliable energy supplier, a day after Washington imposed fresh sanctions on Moscow because of its war in Ukraine.
Sinopec seeks rare quota swap to export more diesel, gasoline and jet fuel
China's Sinopec Corp has applied to the government to swap some of its marine fuel export quotas for allowances to export light products such as diesel, jet fuel or gasoline.
Russia's September seaborne oil product exports down vs August
Russia's seaborne oil product exports fell 2.5% in September from August to 9.456 Mmt due to seasonal maintenance of refineries and a fuel export ban late in the month.
Nigeria's NNPC now sole petrol importer
Nigeria's national oil firm NNPC Ltd has again become the sole importer of petrol because licensed local private firms are unable to obtain foreign currency four months after imports were opened up to private players.
India's September fuel demand slips 2% month-on-month
India's fuel consumption dropped 2% month-on-month in September, data from the Petroleum Planning and Analysis Cell of the oil ministry showed.
OPEC leaders make case for fossil fuels at Riyadh climate event
OPEC heavyweights said oil and gas should not be stigmatized in the climate debate and that the industry had a role to play in an orderly energy transition.
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