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The Latest Breaking News from Petroleum

5 injured in explosion at LPG filling plant

SAMUT PRAKAN: Five workers were injured, three seriously, by an explosion and fire at a liquefied petroleum gas (LPG) filling plant in Bang Sao Thong district early on Tuesday.

Bangkok Post

Woodside profit quadruples amid gas crisis

Australia's largest oil and gas company Woodside Energy has quadrupled profits on soaring prices amid a global energy crisis, boosted by assets bought from BHP.

AAP

This Is What Whales Are Betting On Occidental Petroleum

A whale with a lot of money to spend has taken a noticeably bearish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 18 strange trades.

Benzinga

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Egypt Records 6.56% Increase in Manufacturing Production in June

Preliminary data on Egypt’s manufacturing and extractive industries production showed that the sector grew by 6.56 percent on a month-on-month basis in June 2022, according to the Central Agency for Public Mobilization and Statistics (CAPMAS). The manufacturing and extractive industries index — excluding crude oil and petroleum products — reached…

Asharq Al-Awsat

OPEC+ Member States Support Saudi Arabia’s Stance on Balancing Oil Markets

A statement by Saudi Arabia's Energy Minister Prince Abdulaziz bin Salman on balancing oil markets has been met by a flurry of support by OPEC+ member states. The United Arab Emirates is aligned with Saudi Arabia’s thinking on crude oil markets, a source with knowledge of the matter told Reuters…

Asharq Al-Awsat

Bad, Better, Best: How Should You Play These Oil & Gas Stocks?

Oil prices remain elevated on robust U.S. fuel consumption and tight supply outlook. On the other hand, U.S. natural gas prices skyrocketed to a 14-year high earlier this month on high summer demand. However, not all oil and gas stocks are expected to benefit from the high prices. While we…

StockNews.com

Bharat Petroleum Corporation Ltd donates ambulance to Attappady hospital

Bharat Petroleum Corporation Ltd (BPCL) donates ambulance to Swami Vivekananda Medical Mission Hospital at Agali on Wednesday

The Hindu

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Jaishankar co-chairs Joint Commission Meeting with Brazilian FM, discusses cooperation in defence, petroleum sectors

Mr. Jaishankar is on the second leg of his maiden official visit to three Latin American countries

The Hindu

Oil Prices Rise on Potential OPEC+ Supply Cuts

Oil prices rose on Thursday on mounting supply tightness concerns amid disruptions to Russian exports, the potential for major producers to cut output, and the partial shutdown of a US refinery. Brent crude rose 59 cents, or 0.6%, to $101.81 a barrel by 0400 GMT, while US West Texas Intermediate…

Asharq Al-Awsat

ACT Senator David Pocock questions Labor's approval of new oil and gas exploration sites

ACT Senator David Pocock says the federal government's decision to approve 10 new offshore sites for petroleum exploration "doesn't make sense" or align with its climate goals.

ABC News

Marathon Petroleum Whale Trades For August 24

A whale with a lot of money to spend has taken a noticeably bullish stance on Marathon Petroleum. Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 11 strange trades.

Benzinga

Scrap cess on petro prices, KTR urges Centre

Alleges that petro prices continue to witness upward spiral

The Hindu

Australian government launches offshore petroleum exploration permits for 47,000 sq km of ocean

Resources minister says exploration ‘central to alleviating future domestic gas shortfalls’ but Greens slam ‘mockery’ of climate target

The Guardian - AU

Oil Slips as Fears of Imminent OPEC+ Output Cut Fade

Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to…

Asharq Al-Awsat

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StockNews.com

Buffett Gets OK to Buy 50% OXY; 2 Other "Buy" Rated Stocks in His Portfolio

Warren Buffett’s long-term value investment strategy serves as a guide for several investors. Buffett’s Berkshire Hathaway recently got regulatory approval to buy up to 50% of oil giant Occidental Petroleum (OXY). Since the stock has gained significantly year-to-date, we think it could be wise to wait for a better entry…

Benzinga

Looking At Occidental Petroleum's Recent Whale Trades

Someone with a lot of money to spend has taken a bullish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

A Look At Occidental Petroleum After Warren Buffett's Berkshire Hathaway Ups Interest In Stock

Occidental Petroleum Corporation (NYSE: OXY) opened lower on Monday after a big bullish day on Friday saw the stock rally almost 10% off Thursday’s closing price.

The Hindu

Trial run of Indian Oil Corporation Ltd.’s Asanur terminal to begin in a month

It will supply fuel to Villupuram, Cuddalore, Perambalur and Puducherry

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Benzinga

Warren Buffett Is Betting Big On Occidental Petroleum, But Analyst Sees 'Better Options Elsewhere'

Shares of Occidental Petroleum Corporation (NYSE: OXY) jumped on Friday on news Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and billionaire CEO <

Bangkok Post

Chevron eyeing potential in Ubon field

Chevron Thailand Exploration and Production Co is conducting a joint study on ways to reduce costs during the development of the offshore Ubon petroleum field in the Gulf of Thailand, which has the potential to become a new oil source.

Bangkok Post

Experts forecast resumption of overlapping claim area talks

Energy experts say Thailand and Cambodia will resume talks to settle their dispute on an overlapping claim area (OCA) in order to jointly benefit from a new petroleum source and relieve the impact of energy price fluctuations.

The Hindu

Road Transport and Highways sector has maximum number of delayed projects: government report

In the Road Transport and Highways sector, 300 out of 825 projects are delayed. In railways, 119 out of 173 projects and in petroleum, 90 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for June 2022

StockNews.com

Which Energy Stock Is the Best Buy Right Now?

Leading oil and gas company Marathon Petroleum (MPC) reported solid second-quarter results. Shares of MPC have gained in doubt digits year-to-date. Higher price realizations and substantial market demand should bode well for the energy company. Thus, we think MPC is an ideal investment now. Read on to know more….

Benzinga

Occidental Petroleum Whale Trades For August 16

Reason

Today in Supreme Court History: August 16, 1933

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).

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