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The Latest Breaking News from Petroleum

Biden Administration Restricts Oil Leasing In Alaskan Petroleum Reserve

Biden administration restricts oil and gas leasing in Alaska to protect wildlife and combat climate change, facing opposition from Republican lawmakers.

Are OXY and XOM Ready to Fuel Up Investors' Returns in 2024?

Geopolitical tensions and a potential disruption in supply are boosting the energy sector’s prospects. However, a slowdown in the global economy and a delay in interest rate cuts pose demand concerns for the sector. Let's analyze the investment prospects of Occidental Petroleum (OXY) and Exxon Mobil (XOM).

StockNews.com · Apr 18, 2024

‘Forever Chemicals,’ Religion, and Family Tragedy in Texas

PFAS do not break down but rather persist indefinitely. It is possible that Dad drank carcinogenic water for most of his life.

Texas Observer · Apr 18, 2024

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Biden Rule Hikes Fees For Oil Projects On Public Lands

Oil companies drilling on public lands must post larger bonds and pay higher royalties under a rule finalized Friday by the Biden administration.

International Business Times · Apr 12, 2024

Two HPCL officials booked for alleged pilferage of petroleum products by CBI

CBI has registered a case against two HPCL Assistant Managers (Operations) posted at its Mathura Terminal in Uttar Pradesh, two private companies for alleged pilferage of petroleum products.

The Hindu · Apr 10, 2024

India to build first commercial crude oil strategic storage

India, the world’s third biggest oil consumer and importer, plans to build its first commercial crude oil strategic storage as part of efforts to shore up stockpiles as insurance against any supply disruption.

The Hindu · Apr 3, 2024

South Korea's March Inflation Rises 3.1%, Expected Slowdown

South Korea's consumer prices rose by 3.1% in March, driven by higher costs for agricultural and petroleum products. Experts predict a slowdown in inflatio...

4 Undervalued Energy Stocks to Buy Now, According to Morgan Stanley

The top financial services firm has turned "Overweight" on the energy sector. Here are its 4 top picks.

Barchart · Mar 27, 2024

3 Energy Stocks to Elevate Your Investment Portfolio

Growing demand for oil and gas worldwide and integration of advanced technologies and data-driven solutions position the energy sector for long-term growth. Thus, investors could consider adding fundamentally strong energy stocks NewMarket (NEU), Oceaneering International (OII), and Superior Drilling Products (SDPI) to strengthen their portfolio. Read on.

StockNews.com · Mar 27, 2024

3 Energy Leaders Surging in Market Performance

Amid increasing oil and gas demands, worsening geopolitical landscape, supply constraints, and surging oil prices, the energy sector is poised to witness stable growth in the near term. Against this backdrop, quality energy stocks Marathon Petroleum Corporation (MPC), DNOW Inc. (DNOW), and Matrix Service Company (MTRX) could be solid buys…

StockNews.com · Mar 26, 2024

Up 30% YTD, Is Valero Energy Stock Overvalued?

Ethanol producer and petroleum refiner VLO has outperformed the broader energy sector by a wide margin this year. Is Valero overpriced, or should investors still consider scooping up this dividend energy stock?

Barchart · Mar 22, 2024

With MCC in effect, petroleum dealers want system for daily large cash remittances

Petroleum dealers in Chennai request Election Commission to prevent seizure of cash during elections to avoid fuel shortages.

The Hindu · Mar 19, 2024

Petrol, diesel price cut by ₹2: Petroleum Minister

Petrol and diesel prices cut by ₹2 in New Delhi, boosting consumer spending and reducing operating costs.

The Hindu · Mar 14, 2024

Ankita Raina, Ramkumar Ramanathan emerge Petroleum champions

Ankita Raina and Ramkumar Ramanathan win 42nd PSPB inter-unit tennis tournament, with Ramkumar and Ankita emerging as champions.

The Hindu · Mar 8, 2024

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US Bill Blocks China From Buying Oil From Strategic Reserve

US restricts China from accessing its Strategic Petroleum Reserve, impacting global oil trade dynamics.

Barchart · Feb 26, 2024

Gasoline: Will the Bullish Trend Continue?

Gasoline is a seasonal fuel, falling in winter and rising in spring and summer. The recent price action in crude oil, turmoil in the Middle East, the U.S. election, and the low level of the U.S. Strategic Petroleum Reserve are reasons gasoline prices could soar over the coming months.

Capital & Main · Feb 26, 2024

After Pushback, California Delays Extension of Rewards for Oil and Gas Companies

Opponents say a program that gives valuable credits for making fuels from crops and dairy waste props up fossil fuels companies and pollutes nearby communities.

Capital & Main · Feb 22, 2024

The Rising Cost of the Oil Industry’s Slow Death

Unplugged oil and gas wells accelerate climate change, threaten public health and risk hitting taxpayers’ pocketbooks. ProPublica and Capital & Main found that the money set aside to fix the problem falls woefully short of the impending cost.

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Occidental Considers B Sale Of Western Midstream

Occidental Petroleum Corp considers selling Western Midstream Partners LP to reduce debt and streamline operations.

International Business Times · Feb 20, 2024

Maduro Vows To Bar ExxonMobil From Guyanese Region Claimed By Venezuela

Venezuelan President Nicolas Maduro has vowed to bar US petroleum giant ExxonMobil from the waters off the oil-rich region of Essequibo, which Caracas claims from Guyana as its own.

inkl · Feb 19, 2024

What to Do When a Field "Ages": How Digital Models Help Extract Oil for Longer

Modern engineering approaches to improving production efficiency as explained by Vladislav Dorofeev, a reservoir development specialist at the Engineering Projects Department of ITMO National Research University, a petroleum reservoir engineer, and a recognized expert in digital reservoir simulation and production optimization, participating in projects for optimizing oil asset development and…

Autosport · Feb 15, 2024

LCR launches MotoGP 2024 bikes ahead of Qatar test

As has been the case in previous years, LCR has gone for a split approach with its MotoGP liveries in 2024, with one of its two satellite Honda R213Vs sporting the colours of Castrol and the other bike carrying the backing of Japanese petroleum company Idemitsu.

Motorsport · Feb 15, 2024

LCR launches 2024 MotoGP bikes ahead of Qatar test

As has been the case in previous years, LCR has gone for a split approach with its MotoGP liveries in 2024, with one of its two Honda R213Vs sporting the colours of Castrol and the other bike carrying the backing of Japanese petroleum company Idemitsu.

Occidental Petroleum's Profit Surpasses Estimates with Increased Production

Discover how Occidental Petroleum exceeded profit expectations by increasing production, highlighting their ongoing success in the oil and gas industry.

StockNews.com · Feb 14, 2024

OXY Earnings Spotlight: Actionable Insights and Gameplan

With expectations of an oil supply shortage and a multi-billion-dollar acquisition on the cards, does energy giant Occidental Petroleum (OXY) deserve a place in your portfolio prior to its fourth-quarter earnings release? Let’s look at its financial metrics to know more….

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