The Latest Breaking News from Petroleum

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

Nearly 85 lakh households across Telangana and Andhra Pradesh using LPG connections issued under the Deepam scheme are not getting the subsidy of ₹200 per cylinder like the Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries.

The Chart of the Day belongs to the energy company Marathon Petroleum (MPC) . I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart...

Grace Taiga is one of three Nigerians who stand to make money if the court orders Nigeria to pay the landmark award.