Discover and read the best of Twitter Threads about #petroleum

Most recents (17)

#MintPrimer | Demand for refined #petroleum products hit a record in FY23, led by transportation fuel.

The Petroleum Planning & Analysis Cell (PPAC) said consumption reached 222.30 million tonnes in the last fiscal.

Mint explains this spike:… Image
#MintPrimer | The 222.30 million tonnes of petroleum products consumed in FY23 was 10.2% higher than the year before. The previous record for consumption came in FY20 at 214.13 million tonnes.

Read here:… Image
#MintPrimer | The increase in consumption of #petrol, #diesel & jet fuel during FY23 came on the back of growth in industrial activity & travel.

These activities recovered after slowing down in the previous two fiscals because of the pandemic.

Read here:… Image
Read 7 tweets
It's impossible to retweet this too many times.
- The #RoadOfDeath And a #DarkPlace | Apr 8
@POTUS @vonderleyen @ZelenskyyUa Image
@POTUS @vonderleyen @ZelenskyyUa #Rand Co | Jan 25
- 'The key objective described in the doc is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent'
- The entire #EU #economy will #collapse
Read 13 tweets
#Europe's #EnergyCrisis likely to stay, warn analysts | 24 Feb
- #EU, meanwhile, have spent the recent months scrambling for alternative sources of #NaturalGas and #petroleum to replace the energy imported from Russia before the start of the crisis.…
The #EnergyCrisis in #Britain will be worse next year than this year, warns an expert | Oct 7, 2022
- Amid warnings of three-day #blackouts and industry #shutdowns in Britain if the months ahead are particularly cold,…
Read 5 tweets
A thread on how: Nigeria’s oil bid process leaves investors in doubt

Sixteen years after the last bid for big oilfields, Nigeria is offering seven deepwater offshore blocks to investors but...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday Image
old problems involving regulatory concerns have investors worried.

It is the first bid round since the passage of the Petroleum Industry Act (PIA) – a law that Nigeria is yet to fully implement its ...

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
provisions or develop enough regulations to form a coherent policy.

The proposed 2023 mini-bid round aimed at spurring new exploration and drilling activities in Nigeria’s deepwater is coming at a time

#oilandgas #oilinvestors #petroleum #oilproduction #crudeoil #businessday
Read 4 tweets
Previously, I have made a comparison of returns on various stock indices and drastic effect of the foreign exchange rates in the process.

1) Today, let's turn our focus to sectors and companies in few charts.

2) The year 2022 brought huge losses to many professional and retail investors. After the great returns of '20 and '21 it was bear markets turn, and if you are among the winners I congratulate you.

Except #energy most sectors were painted to red and @VisualCap shows all in here.
3) And here is another perspective from #Gurufocus. In this table, we see US stock market overview by sectors and different MC levels. For the 2022 #energy sector was impressive due to known conditions. #Utilities, #Healthcare and #BasicMaterials were also positive for mega.
Read 5 tweets NORWAY MOVES TO GREEN FUTURE DESPITE OIL RICHES The Nordic nation is moving faster than most in de-carbonising its economy, but it has faced criticism for not rushing to Europe’s aid in the current energy crisis. Norway has become astonishingly rich thanks to its oil and natural gas.
Read 6 tweets
Just in | Union Cabinet approves 1,832 crore Dussehra/Puja bonus to 11.27 lakh Railway employees (for 78 days). The maximum bonus limit will be Rs. 17,951. | @deveshpd reports
The burden of Rs.22,000 crore was borne by the Public Sector #petroleum companies from June 2020 to June 2022 due to reduced #LPG prices in the country. Union Cabinet approves one time grant of the amount.
Union Cabinet approves projects worth 5,963 crore, to be spent by concessionaire, for developing container terminal and multi-purpose cargo infrastructure at the Deen Dayal Port in #Gujarat. Port authority to spend about Rs. 531 crore on maintenance.
Read 5 tweets
Africa should take full advantage of current elevated prices to cash in on mineral wealth: The African continent is home to substantial reserves of #copper and #cobalt (in the Democratic Republic of the Congo—DRC—Zambia, South Africa and Zimbabwe), #diamonds (in Botswana and…
Angola), #platinum (in South Africa and Zimbabwe), #uranium (in Namibia, Niger and South Africa), #gold (in Ghana, South Africa and Sudan), #iron (in South Africa), #manganese (in South Africa, Gabon and Ghana), bauxite (in Guinea), #lithium (in Zimbabwe), #coal (in South Africa
and Mozambique), #naturalgas (in Algeria, Egypt and Nigeria) and #petroleum (in Nigeria, Angola, Algeria and Libya).
Read 8 tweets
#MCOpinion: Fighting human emotions like greed, lust, and envy are very tough in a #StartUp ecosystem bonded with loose social contracts.

Read on 👇…

#Unicorns #Investors
#MCOpinion: This ongoing #RussiaUkraineConflict is expected to accelerate the need & acceptance for #VDAs globally among ordinary citizens as a hedge when economic uncertainties rise.


#Cryptocurrency #RussiaUkraine
#MCOpinion: States earn significant revenues from taxing #petroleum products. This is particularly true for the richer or the so-called industrialised states such as Tamil Nadu & Maharashtra.

Read more👇…

✍️@gauravchoudhury | #FiscalDeficit #ValueAddedTax
Read 5 tweets
Just in: India’s Services exports grew by 6.44% in May 2021 to $17.85 billion, while Services imports grew just 0.3% to $10 billion, as per initial estimates, Commerce Secretary Anup Wadhawan said on Thursday. | reports @tragicosmicomic
@tragicosmicomic Services trade has consequently recorded a 15.4% higher surplus in May 2021 over May 2020, he said. - reports @tragicosmicomic
@tragicosmicomic With merchandise exports rising 67% over last year as well as 8% over the pre-pandemic month of May 2019, Mr. Wadhawan said that there is a comprehensive recovery in India’s #exports over April and May. | via @tragicosmicomic
Read 5 tweets
Daily Bookmarks to GAVNet 03/26/2021…
Ten Questions the Press Should Have Asked President Biden…

#politics #MainstreamMedia #NewsConference
Residential housing segregation and urban tree canopy in 37 US Cities…

#ResidentialHousing #segregation #TreeCanopy
Read 10 tweets
Let’s dive into #manufacturing and understand how #Pakistan has lagged its #Asian peers in #industrialization, how stagnant growth turned to a decline even #precovid and how #financing has been unable to encourage #investments in the sector… (1/n)
#Industrial value add per worker in Pakistan has seen minor improvements in the last 25 years. While it changed by 12% for Pak, it changed by 512% for #China. Unfair comparison so not even on the chart but #India has doubled its #Productivity too… (2/n) Image
What’s worse is that post 2018, manufacturing in Pakistan has been on the decline, specifically Large Scale Manufacturing which makes up the bulk. Major reasons cited are PKR #devaluation, rising #energy costs and higher #taxes... (3/n) Image
Read 9 tweets
🔥 #PetroleumSectorInZimbabwe #PetroleumBusinessInZimbabwe #FuelBusinessInZimbabwe

1/ There has been acute fuel shortages in ZW for period up to 2008 & from 2016 to date.

What are the public policies in operation that have either caused the shortages or have not ended them?
2/ What you will find in this thread is either meant to be informative or provoke discussions.

Its a citizen contribution to the conversations on a matter of public interest: FUEL SHORTAGE.
3/ #Petroleum - rock oil, oily inflammable substance occurring naturally in certain rock beds." This is from Medieval Latin petroleum, from Latin petra ("rock") + oleum ("oil").

"Petroleum" word was first used in 1556 by the German mineralogist Georg Bauer (Georgius Agricola).
Read 80 tweets
#US #IndustrialProduction numbers were released yesterday for Apr-end. The picture isn't pretty. Showing below how bad it was in the last 2 months in actual numbers. (comparing Feb-end with Apr-end; Grey areas show previous recessions). The index itself declined 15.3% (1)
PART1: Industries underperforming the IP Index

1. #MotorVehicles & Parts - down 80% in 2 months. It's the LOWEST since 1972. (2)
2. #DurableConsumerGoods - down 47% in 2 months (3)
Read 17 tweets
1. #Petroleum Division has extended its unfailing support to GoP in the fight to curb #COVID__19 Pandemic in country.

Latest addition is made by @SNGPLofficial thru allocation of Rs 38m for relief activities, includ. Rs 19m for Prime Minister's Relief Fund for Pandemic. Image
2. #SNGPL commits a handout of Rs 19m directly to @ndmapk for procurement of medical & other supplies for COVID Pandemic.
3. #OGDCL has already deposited the amount of Rs 53m in Prime Minister's Relief Fund for Pandemic COVID-19. Company also has offered the hostel building in I9, Islamabad for #quarantine units along with provision of medicines, 50 PPEs, ambulance & food for occupants.
Read 6 tweets
Lets talk about #Oil and the #Corona / #COVID19 #Virus. What is it doing to #Global #Energy #Demand & what does it mean for #OPEC?
On March 5th 2020, the Organisation of #Petroleum Exporting Countries #OPEC concluded its 178th Extraordinary meeting. Aside from Ecuador's withdrawal from OPEC, the #Oil #Cartel was hard pressed to fashion a response to the impact of #COVID19 on #Global oil #Demand...
It is no secret that the #global #oil #market is awash in oil. The glut in supply has seen, in the past, a collaboration of sorts between #OPEC & Non-OPEC (mainly #Russia) oil exporters to monitor supply & maintain output at "mutually profitable" levels...
Read 9 tweets
and off we go #EnergyTwitter! May the thread start! 💡

Did You Know: To provide vital #oil across the English Channel after the #DDay landings, within months secret #pipelines were unwound from massive spools to reach French ports.
Following the #DDay invasion– June 6, 1944 – Allied forces would need vast quantities of #petroleum to continue the advance into #Europe. Allied leaders also knew that petroleum tankers trying to reach French ports would be vulnerable to #Luftwaffe attacks...
A top-secret “Operation #PLUTO” – Pipe Line Under The Ocean – became the Allied strategy. It would fuel victory with #oil production from the #USA petroleum industry. The secret pipeline mission used a popular #WaltDisney character for its logo. #OOTT
Read 26 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!