The Latest Breaking News from Petroleum

Growing demand for oil and gas worldwide and integration of advanced technologies and data-driven solutions position the energy sector for long-term growth. Thus, investors could consider adding fundamentally strong energy stocks NewMarket (NEU), Oceaneering International (OII), and Superior Drilling Products (SDPI) to strengthen their portfolio. Read on.

Amid increasing oil and gas demands, worsening geopolitical landscape, supply constraints, and surging oil prices, the energy sector is poised to witness stable growth in the near term. Against this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), DNOW Inc. (DNOW), and Matrix Service Company (MTRX) could be solid buys…

US restricts China from accessing its Strategic Petroleum Reserve, impacting global oil trade dynamics.

Gasoline is a seasonal fuel, falling in winter and rising in spring and summer. The recent price action in crude oil, turmoil in the Middle East, the U.S. election, and the low level of the U.S. Strategic Petroleum Reserve are reasons gasoline prices could soar over the coming months.

Opponents say a program that gives valuable credits for making fuels from crops and dairy waste props up fossil fuels companies and pollutes nearby communities.

Unplugged oil and gas wells accelerate climate change, threaten public health and risk hitting taxpayers’ pocketbooks. ProPublica and Capital & Main found that the money set aside to fix the problem falls woefully short of the impending cost.

Occidental Petroleum Corp considers selling Western Midstream Partners LP to reduce debt and streamline operations.

Venezuelan President Nicolas Maduro has vowed to bar US petroleum giant ExxonMobil from the waters off the oil-rich region of Essequibo, which Caracas claims from Guyana as its own.

As has been the case in previous years, LCR has gone for a split approach with its MotoGP liveries in 2024, with one of its two satellite Honda R213Vs sporting the colours of Castrol and the other bike carrying the backing of Japanese petroleum company Idemitsu.