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South Africa Launches Oil Giant to Revive Energy Sector

OilPrice

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned oil enterprise designed to consolidate and energize the countrys long-stalled hydrocarbons sector. Reducing oil imports, bolstering energy security, and tapping into over R95 billion in potential investment.

Oil 299
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New Report Focuses on Non-Petroleum Fuel Options for Waste and Recycling Fleets

NGT News

NGO Energy Vision’s The Refuse Revolution report on alternative fuels and new vehicle technologies for waste and recycling collection truck fleets assesses biodiesel and renewable diesel, fossil and renewable natural gas, hybrid technologies, battery electric vehicles (BEVs), DME, and hydrogen for cost, performance, and climate and health impacts.

Petroleum 246
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Unconventional Resources Fuel China's Energy Growth

OilPrice

In a world where geopolitics and energy security are increasingly intertwined, China's national oil companies have emerged as pivotal actors in securing the nations energy future while shaping global energy dynamics.

Energy 257
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US Oil Inventories Keep Growing as Prices Sag

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose again, this time by 2.499 million barrels in the week ending May 16 after analysts had estimated a 1.85-million-barrel Earlier this week, the Department of Energy (DoE) reported that crude oil inventories in the Strategic Petroleum Reserve

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DoE Hands the Keys to Strategic Crude Oil Stockpile to New Firm

OilPrice

The Department of Energy has awarded a new $1.4 billion contract to Strategic Storage Partners, LLChardly a household nameto manage the Strategic Petroleum Reserve (SPR)Americas emergency stash of crude oil. The new contract covers a five-year term with the option to extend for another five.

Crude Oil 364
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South Africa launches new national petroleum company

Oil & Gas 360º

(World Oil) – South Africa has officially established its new state-owned oil corporationSouth African National Petroleum Company (SANPC). The establishment of the SANPC aligns with broader goals by the South African government to create a more competitive and investment-friendly petroleum sector.

Petroleum 130
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Crude Oil Inventories Slip But Prices Eyeing Tariff Fears

OilPrice

The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 1.057 million barrels for the week ending April 4, after a 6.037 million barrel spike in the prior week. So far this year, crude oil inventories have climbed nearly 22 million barrels, according to Oilprice calculations of API data.

Crude Oil 349