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The Latest Breaking News from Petroleum

India buys its most expensive LNG in years as war upends market

Indian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as the Iran war disrupts global supplies. GAIL India and Gujarat State Petroleum Corp. have bought cargoes at these levels, while Bharat Petroleum has also purchased LNG from…

The Economic Times

3 Energy Stocks Raising Dividends as the Sector Surges

BP, Excelerate Energy, and Occidental Petroleum raised dividends in 2026 amid strong sector gains, offering solid yields and sustainable payout ratios backed by rising cash flow.

MarketBeat

India's July crude oil imports rise over 9% month-on-month

India crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last ‌year, data ⁠from ⁠the Petroleum Planning and Analysis Cell showed.

The Economic Times

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Refiner Stocks Have Soared More Than 80% in 2026. The Last 5 Times This Happened, They Fell Later.

Marathon Petroleum, Valero Energy and HF Sinclair have each surged more than 80% this year, compared with an approximately 11% gain for the S&P 500.

International Business Times

Trump's Oil Reserve Releases Push US Stockpile to Its Lowest Point in Over Four Decades

The US Strategic Petroleum Reserve has dropped to its lowest level since 1982 due to emergency drawdowns aimed at mitigating global supply disruptions caused by tensions with Iran.

International Business Times UK

U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil

“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.

Fortune

The U.S. Strategic Petroleum Reserve Keeps Dwindling. Experts Are Warning Its Facing Structural Peril.

The SPR is now below 300 million barrels for the first time since it began more than four decades ago.

International Business Times

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Do Wall Street Analysts Like Marathon Petroleum Stock?

Marathon Petroleum has left the broader market in the dust over the past year, delivering standout gains, while Wall Street remains moderately bullish on the refining giant’s outlook.

Barchart

Today in Supreme Court History: August 16, 1933

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared… The post Today in Supreme Court History: August 16, 1933 appeared first on Reason.com.

Reason

E20 petrol not sole reason for lower mileage, Centre says

The government clarified that vehicle mileage depends on many factors, not just fuel. Extensive testing confirms E20 petrol meets quality standards and is not contaminated. Motorists' concerns about fuel economy are being addressed by the ministry. Oil companies conducted inspections at numerous fuel stations nationwide. Real-world fuel consumption results from…

The Economic Times

Service stations closed and contracts ripped up after illegal tobacco and vape raids

More than 100 service stations were targeted as part of Operation Shorthand.

Newcastle Herald

'No substitute': Kuwait's future tied to Hormuz strait fate

Kuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990 invasion, impacting its economy significantly. Kuwait Petroleum Corporation declared force majeure after drone strikes hit its headquarters. The country's economy contracted by 4.6 percent in the…

The Economic Times

Pundit urges reforms in petroleum sector

Thailand could face a decline in domestic energy supply unless significant regulatory reforms are introduced to attract foreign investment in the upstream petroleum sector, says Kurujit Nakornthap, executive director of the Petroleum and Energy Institute of Thailand.