The Latest Breaking News from Petroleum

Global crude oil prices are expected to keep decreasing to US$85-95 a barrel next year when the world economy slows down, according to analysts of national oil and gas conglomerate PTT Plc.

Rumors of OPEC increasing output were negated by Saudi Arabia amid the embargo on Russian oil. This could translate to a tight supply this winter. Hence, quality energy stocks Marathon Petroleum (MPC) and Valero Energy (VLO), which have crushed the market this year, could be solid buys now. Read on….

Looking back 60 years, when the petroleum exploration and production business was still new to Thailand, no one would not have imagined that you would see the growth of the Thai energy industry since the pioneering era. Until today, Thailand has been able to reduce its dependence on foreign energy…

The state subsidy programme for electricity prices is not the only way to curb their rapid increase, which is partially driven by the import of costly liquefied natural gas (LNG).

Oil & Gas company Marathon Petroleum’s (MPC) impressive third-quarter results added to its stellar track record. With the EU embargo expected to impact crude supplies from Russia, the fundamentally strong company seems well-positioned to capitalize on opportunities to fulfill the supply gap and deliver impressive returns on investment. Read on….

The United States on Thursday imposed sanctions on over a dozen companies based in China, Hong Kong and the United Arab Emirates that Washington accused of facilitating the sale of Iranian petrochemicals and petroleum products to buyers in East Asia. The latest US move against Iranian oil smuggling comes as…

An Algerian court on Tuesday handed a 15-year prison sentence to the former head of state energy giant Sonatrach in a corruption case. Abdelmoumen Ould Kaddour had been on trial over the 2018 purchase of the Sicilian Augusta oil refinery. According to Algerian media, the state oil and gas firm…

MUMBAI: In a shocking development, defending champions Bharat Petroleum Corporation Ltd and Indian Oil gave walkovers to their opponents after failing to turn up on the ground due to the non-availability of players on the opening day of the first round of the 92nd Times Shield tournament 'A' Division matches…

A petroleum engineer says he warned regulators years ago about the risk of chemicals, such as cyanide and benzene, spreading through groundwater beyond a failed underground coal gasification site in Queensland.

There are alternatives to price caps that won’t interfere with our climate goals – like a windfall tax on the petroleum industry, writes Prof Timothy Welch.

The Saudi Minister of Petroleum and Energy, Prince Abdulaziz bin Salman, delivered a speech at the "Green Saudi Arabia" that inspired several Saudi officials who highlighted the challenge during their demonstration of the environmental dimensions of their projects, asking the public to hold them by their word next year.