The Latest Breaking News from Petroleum

Egyptian President Abdel Fattah al-Sisi discussed on Thursday “current and future investment plans for research and exploration in the eastern and western regions of the Mediterranean” as part of efforts to demarcate the marine borders with Libya. Petroleum and Mineral Resources Minister Tarik Al Mulla stressed that all “activities carried…

PTT Group has clarified its stance amid violence in Myanmar, which reportedly led to the withdrawal of an investment fund from its subsidiary PTT Oil and Retail Business Plc (OR), which is operating a petroleum business in the country.

A fuel tank exploded into flames in Colombia's Caribbean city of Barranquilla early on Wednesday, killing a firefighter who fell during the explosion, local authorities said.

Despite energy prices coming under pressure due to interest rate hikes and the strengthening of the dollar, several factors, including the price cap on Russian crude, are expected to keep the energy market hot. Hence, quality energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Adams Resources & Energy (AE)…

Saudi Arabia and China intend to explore cooperation opportunities in refining and petrochemical projects after the significant energy companies signed memorandums of understanding (MoU) to implement several projects. Saudi Aramco, Chinese Petroleum and Chemical Corporation (Sinopec), and SABIC are exploring cooperation opportunities in refining and petrochemical projects in China and…

Marathon Petroleum (MPC) and Unit Corporation (UNTC) have maintained strong momentum despite the market fluctuations this year. With the market expected to remain under pressure in the near term, it could be wise to buy these stocks, which are expected to sustain their momentum based on their fundamental strength. Let’s…

On Dec. 13, California Independent Petroleum Association (CIPA), which is leading the Stop the Energy Shutdown campaign, announced that the campaign to place a veto referendum to repeal recently passed oil and gas regulations on the 2024 ballot had collected over 978,000 signatures. 

The Energy Policy Administration Committee (Epac) has decided to continue capping the price of liquefied petroleum gas (LPG), which is used as cooking gas, at 408 baht per 15-kilogramme cylinder until the end of next month in a bid to slow rising living costs.

OPEC on Tuesday said it expected to see robust global oil demand growth in 2023 with potential economic upside coming from a relaxation of China's zero-COVID policies, which this year have pushed the country's oil use into contraction for the first time in years. World oil demand in 2023 will…

SET-listed Prima Marine, a provider of marine transport and crude oil and petroleum product storage, is expanding its fleet of vessels to serve growing demand for transport services in Southeast Asia.

The fix is in. During the Thanksgiving holiday, the Biden administration announced it was quietly reversing policy and allowing limited petroleum imports from Venezuela. The Treasury Department lifted restrictions permitting a six-month deal to ease sanctions so that Chevron petroleum may buy and then ship Venezuelan crude oil to American…