The Latest Breaking News from Petroleum

Berkshire Hathaway recently reported on a 13-F filing that it had raised its stake in Occidental Petroleum. It now owns over 25% of OXY's shares, including warrants to buy at $59.624 per share.

Raisi says the project has been completed years ahead of plan and saved a lot of money by transporting an existing rig.

One person died and 57 were injured after two explosions at a liquefied petroleum gas station in the Romanian town of Crevedia near the capital Bucharest on Saturday.

Petroleum dealers in TN urge Central/State govts to switch to GST/uniform tax regime. This follows a peaceful protest by dealers from certain States. Uniform taxes would benefit consumers/dealers near borders. Dealers demand increase in margins. Low-volume dealers struggle due to competition/high expenses. 6,500 retail outlets in TN sell fuel supplied…

October WTI crude oil (CLV23 ) on Friday closed up +0.78 (+0.99%), and Oct RBOB gasoline (RBV23 ) closed up +6.40 (+2.48%). Crude oil and gasoline prices Friday posted moderate gains, with gasoline climbing to a 1-week high. Crude garnered support Friday after Marathon Petroleum shut the Garyville refinery in...

Two months after a railroad bridge collapse sent carloads of hazardous oil products plunging into Montana’s Yellowstone River, the cleanup workers are gone and a mess remains

TDP's Nara Lokesh promises exclusive corp. to care for transport workers & revival of sector if party comes to power in 2024. YSRCP's taxes & lack of conducive conditions for industries have caused economic slump. TDP will roll back taxes & cut petroleum taxes.

While the number of electric vehicles on the road continues to rise, gasoline remains the fuel powering most vehicles. Gasoline is a seasonal energy commodity that tends to increase during spring and summer, the peak driving season, and fall during fall and winter. At the end of the 2023 summer,…

“We must intensify the propaganda of secrecy...in nuclear energy, petroleum and other energy industries...and actively cultivate a secrecy culture,” NEA director Zhang Jianhua said.

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Union Minister of State for Petroleum & Natural Gas recently told the Rajya Sabha that 312 CNG stations had been established in Karnataka while 1,414 more will be set up in 8-10 years.