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The Latest Breaking News from Petroleum

Berkshire Hathaway Snaps Up 10.5 Million Occidental Petroleum Shares

Behold the colossal game of chess in the world of business! Berkshire Hathaway secures a place on the oil field with a sweeping 10.5M share buy of Occident...

Top News

Evaluating the Potential of 3 Energy Stocks

Governmental strategies, production cuts, and optimistic forecasts are fueling a surge in oil prices. Given this trend, let’s take a closer look at energy stocks, Delek US Holdings (DK), Solaris Oilfield (SOI), and Permianville Royalty Trust (PVL), which are exhibiting promising potential for solid gains. Read more….

StockNews.com

Unlocking Year-End Gains with Energy Stocks

Amid heightened demand for oil and gas, the energy sector is on the brink of substantial expansion. Moreover, Wall Street analysts expressed optimistic views triggered by constrained supply. Given this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), ChampionX Corporation (CHX), and Liberty Energy (LBRT) could be solid buys for…

StockNews.com

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Occidental Petroleum to buy energy producer CrownRock in $12bn deal

Purchase is latest in series of big takeovers in oil and gas industry and will give Occidental more than 94,000 net acres in Texas

The Guardian - US

Analyzing 3 Energy Stocks: Buy, Hold, or Sell?

With solid oil and gas demand, coupled with limited supplies, there is a likelihood of oil price surges. Given this backdrop, it could be an opportune time for investors to add quality energy stocks like Marathon Petroleum Corporation (MPC), Par Pacific Holdings (PARR), and Graham Corporation (GHM) to the portfolio.…

StockNews.com

Ways of cooking

Eastern cooking is hot, few items eaten raw. Fuel used to be dry twigs, dung cakes, biogas, petroleum gas. Rising prices, afforestation, solar cookers used for boiling, not roasting/frying. Urban homes prefer hot meals, solar cookers not suitable for night/evening cooking.

The Hindu

Crude Rebounds as U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) on Friday closed up +1.86 (+2.68%), and Jan RBOB gasoline (RBF24 ) closed up +0.0498 (+2.49%). Crude oil prices Friday rebounded from Thursday's 5-1/4 month low and posted moderate gains. Crude rallied Friday after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer...

Barchart

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Crude Prices Jump as the U.S. Refills the Strategic Petroleum Reserve

January WTI crude oil (CLF24 ) this morning is up +1.58 (+2.31%), and Jan RBOB gasoline (RBF24 ) is up +0.0450 (+2.25%). Crude oil and gasoline prices this morning are moderately higher. Energy prices are climbing today after better-than-expected U.S. economic reports on Nov payrolls and Dec consumer sentiment reduced...

Barchart

Connections under the Pradhan Mantri Ujjwala Yojana on the rise due to migrant labourers

Oil cos in Chennai release 1.24L cooking gas connections under PMUY; target of 1.6L set. Migrant labourers incl. in approved list; get free gas stove, regulator, tube. 37.04L beneficiaries enrolled in State since 2016; 10.35cr throughout country. Eligible women from 10 categories incl. SC, ST, MBC, AAY, SECC, PMAY. Union…

The Hindu

Wall Street Expects This Energy Dividend Stock to Rally 34%

For energy investors seeking a powerful combination of income and growth, here's a look at one top-rated petroleum shipping stock that offers a healthy dividend yield.

Barchart

Crude Oil: Does OPEC Have a Problem?

OPEC’s biannual meeting in late November establishes the cartel’s production policy for the coming year. The cartel scheduled the late 2023 meeting for Sunday, November 26, but the oil ministers could not agree on output quotas during preliminary meetings, causing a delay in the meeting until the end of November.

Barchart

The head of the Middle East's largest private oil producer says we'll need '100 times more' renewable energy to meet demand

“You need to add a new Saudi Arabia every two years just to meet the current demand," Crescent Petroleum CEO Majid Jafar said at Fortune's Global Forum in Abu Dhabi.

Fortune

Recurring robberies: fuel dealers in Kozhikode plan to cut short late-night working hours

Fuel pump owners in Kozhikode plan to cut late-night working hours due to poor police intervention to curb robberies. The All Kerala Federation of Petroleum Traders is concerned about staff safety and will decide on the issue at its State convention. They demand special legislation to protect petrol pump staff…

The Hindu

Maccas opens in Phillip: there'll be no burger battle but there might be a petrol price war

McDonald's has opened in Phillip and Brodburger is not worried.

The Canberra Times

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The Guardian - UK

‘We have given Earth a fever’: author John Vaillant on the firestorms coming for us all

His book about a blaze so hot it vaporised concrete and turned a Canadian city to ash has just won the Baillie Gifford prize. John Vaillant explains why the world we think we live in no longer exists

Barchart

1 Energy Stock BlackRock and Buffett Are Both Betting On

None other than BlackRock is investing big in this new carbon capture technology. Here's why this top Warren Buffett oil stock might be the best way to play it.

The Independent UK

More parks, less money: Advocates say Mexico's new budget doesn't add up for natural protected areas

The administration of Mexican President Andrés Manuel López Obrador has been creating more protected natural areas, but environmentalists accuse it of trying to “greenwash” an image of favoring petroleum in a time of climate change

USAFacts

What impacts the price of oil?

Many factors can influence the price of a barrel of oil, including social and economic events, natural disasters, and geopolitical conflict.

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The Guardian - US

Texas chemical plant explosion causes fire and triggers evacuations

Explosion and subsequent fire happened at petroleum processing plant in Shepherd, Texas, about an hour outside Houston

The Independent UK

Texas chemical plant explosion sparks shelter in place

The explosion erupted at a petroleum processing plant, but the cause is not immediately clear

StockNews.com

Occidental Petroleum (OXY) Earnings Forecast

Occidental Petroleum’s (OXY) revenue and earnings missed analysts’ estimates in the last reported quarter. As the oil giant gears to release its third-quarter financial results today after the market closes, how should investors approach this stock? Read on to know more….

StockNews.com

Secure These 3 Energy Stocks Amid Conflict

Amid the ongoing volatility in the Middle East, the oil market is delicately balanced and on the brink of significant price surges. Given this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), Valero Energy Corporation (VLO), and Cheniere Energy (LNG) could be solid portfolio additions now. Read on….

Barchart

Energy Update: Down 14% From it's 2023 High, is Now a Good Time to Scoop Up Crude Oil?

Crude oil prices have been highly volatile. Winter is an off-season for crude oil because gasoline demand declines as drivers put less mileage on automobiles. Meanwhile, the geopolitical landscape and the level of the U.S. Strategic Petroleum Reserve remain compelling reasons for a higher low in the oil futures market…

The Hindu

Corruption like cancer, will take away growth: Hubballi-Dharwad Police Commissioner

“If what is bad or not good, is not portrayed accordingly there are chances that it will become a new normal and will lead to dangerous consequences,” Hubballi-Dharwad Police Commissioner Renuka Sukumar said here on Saturday. She was inaugurating the ‘Vigilance Awareness Programme’ organised by The Hindu in association with…

StockNews.com

Bullish or Bearish ⎯ Analyzing 3 Energy Stocks

The energy sector is poised for significant expansion, propelled by escalating crude oil prices. Given this backdrop, let’s analyze the energy stocks Suncor Energy (SU), Marathon Petroleum Corporation (MPC), and Shell plc (SHEL) to see whether investors should be bullish or bearish on the stocks now. Read on….

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