Oil Market News Monitoring

Stay Off Ascon Oil Company’s Assets, George Enenmoh’s Immediate Family Warns Public

The Family of the late Founder/Owner of Ascon Oil Company Limited, Engineer George Ikemefuna Enenmoh, has alerted Nigerians and the business community, particularly the oil and gas sector of the economy, that they remain the “absolute owner” of the …

Enenmoh family warns public against negotiating to buy Ascon Oil Company’s assets

The family of late Engineer George Ikemefuna Enenmoh, founder of Ascon Oil Company Limited, has issued a public warning regarding the company’s assets. In a press statement sent to PM News, Barrister Grace Enenmoh-Olowofoyeku, the matriarch of the family …

Pyrolysis Oil Market Value to Increase by $480.9 Million Between 2025-2031 | Growth to Be Maximum in plastic Segment

The slow pyrolysis segment led in revenue generation, while the fast pyrolysis segment is projected to exhibit the highest CAGR of 4.5% from 2022 to 2031. WILMINGTON, DE, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- The increasing demand …

Citrus Oil Market Projected To Witness Substantial Growth, 2025-2032 | Mountain Rose Herbs, Symrise, Citrosuco

citrus oil market is estimated to be valued at USD 9.98 Bn in 2025 and is expected to reach USD 17.22 Bn by 2032, exhibiting a (CAGR) of 8.1% from 2025 to 2032 BURLINGAME, CA, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- The Citrus Oil Market …

Oil companies receive $1.65 bln from budget for fuel damper in February

MOSCOW, March 5. /TASS/. Payments from the Russian budget to oil companies as part of the fuel damper mechanism in February 2025 amounted to 148.3 bln rubles (1.65 bln), the Finance Ministry said. In February last year, payments amounted to 127.9 …

Kurdish oil export talks between Iraq and oil companies postponed after financial disputes: Reuters

Talks to speed a resumption in oil exports from Iraq’s semi-autonomous Kurdistan region have been delayed until Thursday because of disagreements over terms between oil companies and the oil ministry, three sources told Reuters. The meeting had been …

Edible oil market still remains volatile

The edible oil market remains volatile despite considerable efforts to stabilise the market during this Ramadan. Prices of some other essential commodities, however, have declined on the third day of Ramadan, giving some relief to consumers. With the …

Three Oil Companies Admit Owing FG Over $5.5 Million

Adedayo Akinwale in Abuja Three oil companies, Chorus Energy, Dubril Oil company limited, and Belema Oil, have admitted owing the federal government the sum of $5,543,491.45. The companies made this known at the ongoing investigation by the Public Accounts …

Three oil companies owe FG $5.5 million - NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has revealed that three oil companies owe the Federal Government $5.5 million in outstanding payments. The three oil companies are Chorus Energy, Dubril Oil Company Limited, and Belema Oil. This …

Foreign investors in Peru’s state oil company risk nation’s turbulent politics

This article is an on-site version of our Energy Source newsletter. Premium subscribers can sign up here to get the newsletter delivered every Tuesday and Thursday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters Hello and …

Reps issue two-week ultimatum to three oil companies over $5.5m debt to FG

By Gift Chapi-Odekina, Abuja The House of Representatives Committee on Public Accounts has issued a two-week ultimatum to three major oil companies—Chorus Energy, Dubril Oil Company Limited, and Belema Oil—to settle their outstanding debt of $5,543,491.45 …

Opec+ supply boost to fuel oil market glut

Saudi Arabia’s State-owned Oil Company Reports 12% Drop in Profits

Aramco, Saudi Arabia’s state-owned oil company, reported a 12% drop in net profit for 2024 on Tuesday. After earning $121.3 billion in 2023, Aramco earned $106.3 billion in 2024, resulting in a lower payout for the kingdom, which relies heavily on oil …

Iraq reiterates adherence to global oil market stability

Baghdad (IraqiNews.com) – Iraq and seven OPEC+ member states, which previously announced more voluntary adjustments in April and November 2023, convened virtually on Monday to assess the state of the global market and its prospects. The seven countries are …

N9.4tn debt: Nigerian lawmakers issue 3-day ultimatum as oil companies shun summons

Nigeria’s House of Representatives has issued a three-day ultimatum to oil companies that failed to appear for its investigative hearing into a N9.4 trillion debt owed to the Federal Government. The oil companies include Waltersmith Petroman Limited, Addax …

Oil market heading toward supply surplus regardless of OPEC+ actions — expert

MOSCOW, March 4. /TASS/. The global oil market is expected to shift toward a supply surplus despite the intervention of OPEC+, driven by rising oil production in non-OPEC+ countries, moderate economic growth in China, and the trade war policies of …

Saudi Arabia's state oil company slashes dividend amid declining profits

Saudi Arabia’s state oil giant reported a decline in profit and slashed its dividend, hitting a key source of income for the kingdom as it looks to diversify its economy. Aramco was hampered by lower-than-expected oil prices, a factor that is likely to …

Essential Oil Market to Witness Massive Growth by 2032 | Young Living Essential Oils, Farotti SRL

BURLINGAME, CA, UNITED STATES, March 4, 2025 /⁨EINPresswire.com⁩/ -- The latest study, titled Essential Oil Market 2025, published by Coherent Market Insights, offers valuable insights into regional and global markets expected to grow between 2025 …

OPEC+'s 'healthy' crude oil market is an illusion, Trump effect isn't: Russell

(The views expressed here are those of the author, a columnist for Reuters.) LAUNCESTON, Australia - The OPEC+ group of crude oil exporters justified their decision to increase production by pointing to "the healthy market fundamentals and the …

VoltEdge Solutions: The Driving Force in EV Charging Sales on the East Coast

VoltEdge Solutions, led by Hyun Jeong Jin, powers East Coast EV charging with innovative Level 2 & 3 stations and key partnerships fueling a sustainable future. VA, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- VoltEdge Solutions, a …

The Expansion of the Copper Wire and Cable Industry in Southeast Asia and Middle East

Southeast Asia and Middle East Copper Wire and Cable Market Expected to Reach $52.63 billion by 2032 - Allied Market Research WILMINGTON, DE, UNITED STATES, March 6, 2025 /⁨EINPresswire.com⁩/ -- Copper wire and cable are fundamental components in modern …

Rising EV Adoption Fuels Growth in Solid-State Battery Market

The solid-state battery market is set to grow due to EV demand and R&D investments, but high costs may limit global expansion. WILMINGTON, DE, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- According to a new report published by Allied …

Wire and Cable Market to Partake Significant Development During 2032

Wire and Cable Market Expected to Reach $323.8 Billion by 2032—Allied Market Research WILMINGTON, DE, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- The wire and cable market is expected to continue growing in the coming years, owing to …

Superconductors Market to Surge at a Robust Pace in Terms of Revenue Over 2032

Superconductors Market Expected to Reach $17.4 Billion by 2032—Allied Market Research WILMINGTON, DE, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- The superconductor market is witnessing steady growth, fueled by its unique ability to …

Green Energy Biofuel Improves Operations to Accept Bigger Contracts, More Food Waste

The South Carolina-based organics-recycling company is prepared to work with large food manufacturers to help them cut costs and improve revenue. WINNSBORO, SC, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- While the U.S. market for green, …

Peter Kaleda Discusses How Critical Infrastructure Leaders Can Stay Ahead of Regulatory Changes

Peter Kaleda of PPR Services Shares Strategies for Leaders to Stay Ahead of Evolving Regulations in Security, Cybersecurity, and Business Continuity. SUGARLAND, TX, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- As regulatory requirements …

INSULATION EXPERT/THERMAHOOD FOUNDER ADVOCATES FOR BUILDING INDUSTRY CHANGES IN RECESSED LIGHTING

BOCA RATON, FL, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- While recessed lighting and high-hats have been increasingly utilized and modernized in the housing industry, engineering experts say installation guidelines are still lagging; …

Alternative Utility Services, Inc. Receives CAM CE Sponsor and Course License Approval

DELAVAN, WI, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- Alternative Utility Services, Inc. (AUS) is pleased to announce that it has received approval from The Illinois Department of Financial and Professional Regulation (IDFPR) Division …

ECER, Inc. Becomes One-Stop Recycling Solution for Batteries, Electronics, Bulbs, and More

ECER, Inc. Simplifies Recycling with Comprehensive, Environmentally Responsible Services BOSTON, MA, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- ECER, Inc., a leader in sustainable waste management, is pleased to announce the expansion of …

POWR2 to Showcase Latest Mobile BESS Technology at Bauma 2025

Explore the latest advancements in Battery Energy Storage Systems (BESS) at Stand 231 in Hall C4. BETHEL, CT, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- POWR2, a leader in portable energy storage solutions, will be exhibiting at Bauma 2025 in …

POWR2 präsentiert die neueste mobile BESS-Technologie auf der Bauma 2025

Entdecken Sie die neuesten Fortschritte in Batteriespeichersystemen (BESS) am Stand 231 in Halle C4. BETHEL, CT, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- POWR2, ein führender Anbieter von mobilen Energiespeicherlösungen, wird auf der Bauma …

POWR2 présentera sa dernière technologie BESS mobile à Bauma 2025

Découvrez les dernières avancées en systèmes de stockage d’énergie par batterie (BESS) au stand 231 dans le hall C4. BETHEL, CT, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- POWR2, un leader des solutions de stockage d’énergie portable, exposera …

Clear Rating ESCI Now Available on the Bloomberg Terminal

Clear Rating, LLC (Clear Rating), an Entoro company, has announced that the Engineered Solutions Carbon Index (ticker: CLRAESCI Index) HOUSTON, TX, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- Clear Rating, LLC (Clear Rating), an Entoro …

Rising Investments in Renewable Energy to Propel Biomass Power Generation Market Growth

Afforestation and sustainable forestry capture CO2 via photosynthesis, storing carbon in biomass and soil, aiding carbon sequestration efforts. WILMINGTON, DE, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- Allied Market Research published a …

Smart Nanomaterials Market To Grow at 30.5% CAGR by 2034

The Smart Nanomaterials Market size is expected to be worth around USD 10.0 Bn by 2034, from USD 0.6 Bn in 2024, growing at a CAGR of 30.5%. NEW YORK, NY, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- The global Smart Nanomaterials Market …

Introducing the New Electric Vehicle Automatic Charging Station

Fully Automatic Electric Vehicle Charging Station that alleviates the use of handheld chargers and can be used within a wide range of Electric Vehicles. POWELLS POINT, NC, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- Introducing the New …

Computer Recycling Reaffirms Commitment to Secure Data Destruction

Industry Leader Ensures Safe and Responsible Disposal of Sensitive Electronic Data HOBOKEN, NJ, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- As the digital landscape continues to evolve, data security remains a critical concern for …

Lynxspring Introduces Onyxx Wall Module™ for Smart Building Control

LEE'S SUMMIT , MO, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- Lynxspring, Inc. (https://www.lynxspring.com), a leading provider of open software and hardware platforms for smarter buildings, smart equipment, and device-to- …

MontaVista Linux CGX 5.0 Adds Secure-by-Default Profile, Providing Unprecedented Security for Embedded Markets

MontaVista offers immediately a new CGX 5.0 profile adding enhanced security that CGX customers can easily utilize as their reference secure-by-default profile. SAN JOSE, CA, UNITED STATES, March 5, 2025 /⁨EINPresswire.com⁩/ -- MontaVista® …