The Latest Breaking News from Petroleum

The energy sector’s outlook looks bright amid rising oil prices fueled by constrained supplies and robust demand for crude oil and natural gas worldwide. Thus, Exxon Mobil (XOM), Shell (SHEL), and Imperial Petroleum (IMPP), with solid long-term momentum, could be ideal stock picks now. Keep reading….

Petroleum dealers, textile wholesalers, and jewellers in Hyderabad are worried about cash movement and harassment due to intensified vehicle checks with the announcement of Telangana's Legislative Assembly polls. Digital payments are on the rise, but cash remains significant.

Out-of-the-money put premiums in Occidental Petroleum that look attractive to sell short are appealing to investors for additional income. This opportunity works for long-term investors.

The bill, which awaits a decision by Gov. Gavin Newsom, follows ProPublica’s reporting on the multibillion-dollar cost to clean up California’s oil and gas industry and the exodus of major companies shifting ownership of thousands of aging wells.

While the U.S. and Europe continue to favor alternative and renewable fuels, crude oil remains the energy commodity that powers the world. After reaching a low in May 2023, crude oil has moved significantly higher to over $95 per barrel at the most recent high.

Last week’s collapse of the canopy at a petrol bunk on East Jones Road in Saidapet in Chennai that left one dead and several injured has turned the focus on the stability of structures at petroleum retail outlets in the city

In a four-line statement announcing the approval of the new Rosebank oil field 80 miles west of Shetland, the UK’s offshore oil and gas regulator showed its mission no longer serves the public good.

Considering the burgeoning crude oil prices, the energy sector has considerable potential for significant expansion this year. Given this backdrop, quality energy stocks TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC), and Valero Energy Corporation (VLO), which are outpacing Exxon Mobil (XOM), could be wise portfolio additions now. Read on….

Prime Minister Narendra Modi has dedicated and laid the foundation stone of multiple developmental projects worth more than Rs 13,500 crore in important sectors like road, rail, petroleum and natural gas and higher education in poll-bound Telangana. Read further on Dynamite News:

State-run Oil marketing companies (OMCs) have hiked the prices of 19-kg commercial liquefied petroleum gas (LPG) cylinders by a little over ₹200 each with effect from October 1

Swiss federal prosecutors say they have indicted a former employee of the Geneva-based commodities trading firm Gunvor over bribes paid to obtain access to the Republic of Congo’s petroleum market more than a decade ago