Sunday, 4 October 2026

Surging oil prices and a weaker rand were expected to push South African petrol and diesel prices up by R3 per litre in October, according to Daily Investor.

Central Energy Fund projections indicated that the country's 95 petrol price could increase by R3.21 per litre, according to African Insider.

Multiple large fires broke out at an oil pumping and storage facility in Russia's Samara region following a reported Ukrainian drone attack, according to Cedar News, which cited new footage of the blazes.

In a separate incident, wildfires occurred in two areas of Russia's Rostov region after a drone attack and were extinguished, according to Kavkaz-Uzel.

The Crisafulli Government awarded petroleum and gas tenders for five areas in the Cooper-Eromanga Basin and Taroom Trough to secure future domestic oil and gas supply, according to Mirage News.

In the Cooper-Eromanga Basin, Bridgeport Energy was awarded about 2,712 square kilometres of exploration ground across PLR2026-1-4, PLR2026-1-5, and PLR2026-1-11, according to Industry Queensland.

Vintage Energy was awarded about 625 square kilometres across PLR2026-1-3, Industry Queensland reported.

A joint venture that includes subsidiaries of Amplitude Energy, Beetaloo Energy, Eastern States Energy and Xstate Resources won a land release tender for exploration in the Taroom Trough, according to Industry Queensland.

The Australian stock market traded notably higher on Friday, reversing some of the sharp losses from the previous session, according to finanznachrichten.de.

The S&P/ASX 200 rose 0.58% on Friday, according to ibtimes.com.au.

Energy shares recovered after falling 3% on Thursday as oil prices moved higher, according to ibtimes.com.au.

The S&P/ASX 200 information technology index climbed 3.2% on Friday, according to ibtimes.com.au.

Inflation accelerated across several of the euro area's largest economies in September as elevated oil, gas and fuel prices associated with the Middle East conflict increasingly reached consumers.

France's harmonised inflation rose to 3.4% in September from 2.6% in August. Italy's climbed to 4.1% from 3.2% over the same period. Germany's annual inflation was up from 2.9% in August.

Each major economy remains above the European Central Bank's 2% inflation objective.

Meghalaya introduced a revised Standard Operating Procedure requiring QR-coded Transit Passes and GPS-enabled vehicles for transporting scientifically mined coal. The revised procedure subjects such coal movement to enhanced digital tracking and verification.

The tighter controls come as global coal demand climbs. The International Energy Agency expects coal demand to reach a record 8.94 billion tonnes this year.

South Korea's coal-fired generation rose 30% in the first quarter, with gas expensive and several nuclear reactors offline.

Downtown Calgary's office market recorded its strongest quarter since the start of the 2014 oil price crash, with signs that companies are hiring and seeking more space, according to a new report cited by the Financial Post.

Companies took up nearly 325,000 square feet of office space in Calgary's downtown during the most recent quarter, alongside more than 240,000 square feet in the suburbs, the data show.

Several traditional oil and gas users are looking for additional floors in the downtown, said Michael Hoffman, a managing director at CBRE's Calgary office, who said he could not reveal the names of specific companies.

An August gas leak from Enbridge's Line 5 pipeline in northern Wisconsin will cost at least USD 15.1 million, according to a report filed with federal regulators.

The accident report, submitted by Enbridge Energy Limited Partnership to the Pipeline and Hazardous Materials Safety Administration, shows emergency response accounts for the bulk of the total at nearly USD 9.9 million. The company estimated public and private property damage and repairs at about USD 5 million.

Following the spill in Iron County, tribal nations and environmental advocacy groups called on Wisconsin officials to act against Enbridge.

The Bad River Band of Lake Superior Chippewa declared the situation a disaster and called on Governor Tony Evers to issue a state disaster declaration, Chairwoman Arbuckle said. The band also called on the state to revoke permits issued for a new segment of the pipeline around its reservation.