The Latest Breaking News from Oil

The stock market slumped on Wednesday after the decades-high inflation report came in. Traders now expect the Fed to deliver a full-point rate hike, deepening recessionary concerns. Amid this, quality stocks H&R Block (HRB), Occidental Petroleum (OXY), and Continental Resources (CLR) have outperformed the broader market this year and might…

Enterprise Products Partners LP (NYSE: EPD) has witnessed upward earnings estimate revisions for 2022 and 2023 in the past 60 days. So far this year, the stock, carrying a Zacks Rank #2 (Buy), has gained 12.2%, outpacing the 9.2% rise of the composite stocks belonging to the industry.

The structural integrity management system developed by the Ocean Engineering department of the IIT Madras will help ONGC in extending the life of its equipment in offshore oil platforms

The U.S. Embassy in Libya is voicing concern over the struggle for control of Libya’s oil corporation after its chairman was sacked

For deep fried delights

The energy committee of Libya's eastern-based parliament on Thursday rejected a government move to sack the head of National Oil Corporation (NOC), deepening a power struggle for control of the energy firm whose exports fund the entire state.

Greens call for moratorium on new oil and gas projects as some independents urge Labor not to rush major policy for political reasons

Emissions are reacting with the summer heat to create high levels of smog, hazardous air pollution that damages the lungs. But state officials are pushing back on ozone pollution controls proposed by the EPA, arguing such rules would compromise the electric grid.

‘Unless it rains very soon, the olive crop will be dramatically reduced,’ said Walter Zanre, UK managing director of olive oil specialist Filippo Berio