The Latest Breaking News from Petroleum

Liquid petroleum gas firms want a directive to favour biofuels and hydrogen, to which they could pivot

PTT Exploration and Production Plc (PTTEP) has been awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, which should pave the way for more domestic oil and gas supply to strengthen the country’s energy security.

Norway apologizes for its human rights violations, but intends to keep project operational

Prominent energy stock Marathon Petroleum (MPC) is currently trading above its 50-day and 200-day moving averages. Moreover, given the analysts’ bullish sentiments about the stock, it could be a solid pick this week. Keep reading.

Japan’s Marubeni Corp. has agreed to study clean hydrogen production in Saudi Arabia together with the Kingdom’s sovereign Public Investment Fund (PIF). Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including…

The energy sector is well-positioned to witness considerable growth in the foreseeable future, driven by strong global energy demand amid recovering emerging markets such as China and constrained supplies. Energy producers and distributors Marathon Petroleum (MPC) and Camber Energy (CEI) should benefit from the tailwinds. But which of these stocks…

Egypt raised domestic gasoline prices on Thursday in line with a commitment under a financial support package with the International Monetary Fund, while keeping the diesel price unchanged, the petroleum ministry said in a statement. The country's fuel pricing committee set the prices in a quarterly review, raising the price…

The Biden administration is weighing approval of a major oil project on Alaska’s petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities but environmentalists say runs counter to President Joe Biden’s climate goals

Regardless of the retreat in oil and gas from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be enduring tailwinds for U.S. energy producers. Hence, it could be wise to invest in fundamentally sound energy stocks, Marathon Petroleum (MPC), Berry Corporation (BRY), Unit…

While a deal to extract oil has raised hopes in the war-torn nation, experts warn of China’s sketchy record.

Abu Dhabi's International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over the scandal at Malaysian state fund 1MDB, Malaysia's finance ministry said on Monday.