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The Latest Breaking News from Petroleum

Limited menus, closures: Iran conflict hits Indian hotels as LPG shortage spreads

Patrons in Bengaluru and Chennai walked into eateries on Tuesday, March 10, only to see some of their favourite dishes missing, smaller menus and talks of closure in a few days. The looming shortage of commercial Liquefied Petroleum Gas (LPG) supply in the face of the war against Iran by…

Newslaundry

Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full

Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%.

Fortune

Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

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Iran war sends shockwaves through African fuel market and economies

Rising global oil prices triggered by the Iran war are increasing economic pressures across Africa, where most countries rely heavily on imported petroleum products

The Independent UK

As oil prices soar, Trump is downplaying the need to tap into US reserves

Oil prices have soared in the week since the U.S. and Israel went to war with Iran

The Independent UK

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

The Times of India

Persian Gulf desalination plants could become military targets in regional war

Saudi Arabia, the United Arab Emirates and neighboring countries in the Persian Gulf region use the fossil fuels under their desert lands not only to make money, but also to make drinking water. The petroleum they produce powers more than 400 desalination plants, which turn seawater into drinkable water.

The Conversation

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Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market

The global footprints of Exxon Mobil and Chevron offer stability, while a strategic reset and strong backing position Occidental Petroleum for upside.

MarketBeat

Marathon Petroleum Stock: Is MPC Outperforming the Energy Sector?

Marathon Petroleum has outpaced the broader energy sector over the past year and analysts are fairly bullish about its future prospects.

Barchart

How Is Occidental Petroleum's Stock Performance Compared to Other Oil & Gas E&P Stocks?

Due to Occidental Petroleum’s underperformance compared to its peers over the past year, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

US moves to legally control tanker and 2M barrels of oil seized off Venezuela's coast in December

The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December

The Independent UK

Lawsuits challenge renewed push for oil drilling in Alaska petroleum reserve and upcoming lease sale

Conservation organizations and an Iñupiat group have filed legal challenges to the Trump administration’s renewed push for oil and gas development in the National Petroleum Reserve-Alaska and an upcoming lease sale

The Independent UK

Are Wall Street Analysts Predicting Marathon Petroleum Stock Will Climb or Sink?

Marathon Petroleum has outperformed the broader market over the past year, and analysts are moderately optimistic about the stock’s prospects.

Barchart

Option Volatility And Earnings Report For February 16 - 20

Earnings season is starting to slow down now, which may come as a welcome relief for some. However, we do still have some important companies due to report with Walmart, Alibaba, Newmont Mining, Medtronic, Palo Alto Networks, DoorDash and Occidental Petroleum all set to report.

Barchart

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Newslaundry

What did we learn from Hardeep Puri’s media blitz?

Through the day yesterday, Petroleum and Natural Gas Minister Hardeep Puri has been given the chance to hop from one channel to the other explaining how he’s smelling of roses on the whole Epstein thing. Quite literally.

Barchart

OXY Earnings Play: Using Puts to Get Paid While You Wait

Selling put options before a company's earnings announcement can be a valid strategy for options traders seeking to capitalize on higher than normal volatility.

The Conversation

If Australia and Indonesia agreed to end new thermal coal mines, it could drive the green transition.

In the 1960s, major oil-producing nations formed a cartel to drive up the price of oil. It worked. For decades, nations in the Organization of the Petroleum Exporting Countries (OPEC) have agreed to manage supply and raise prices.

Times Pets

These Smells Snakes Fear and Instantly Run Away From

Snakes do not hear the world the way we do. They do not see expressions or understand fear on a human face. What they understand deeply is smell. Their sense of smell is not limited to their nose. It is powered by their tongue. Every flick of that tongue pulls…

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MarketBeat

Marathon Petroleum Company Is Ready to Sprint Higher

Marathon Petroleum is on track for accelerated capital return in 2026 as margin health and operational quality drive cash flow.

Fortune

New ‘Project Vault’ critical minerals stockpile is ‘first step of many’ needed for U.S. to break China’s supply chain chokehold

The new stockpile plans are compared the the 50-year-old Strategic Petroleum Reserve, created in response to the 1973 Arab oil embargo.

Barchart

Is Wall Street Bullish or Bearish on Occidental Petroleum Stock?

Occidental Petroleum has underperformed the broader market over the past year, and analysts remain cautious about the stock’s prospects.

The Independent UK

Winter drilling program in Alaska petroleum preserve can proceed, judge rules

A federal judge has refused to block a winter oil and gas exploration project in the National Petroleum Reserve-Alaska that opponents said was improperly analyzed by the federal government

InsideEVs

Michigan Is Suing Oil Companies For 'Suppressing' EVs

The State of Michigan alleges in a lawsuit that BP, Chevron, Exxon and other oil giants have been a 'cartel' that's 'suppressed innovation' around EVs.

MyLifeXP

Dry Lips in Winter? Easy Home Care Tips That Work

Lips can become dry and dull during colder months. In winters they might need extra care as the cold air might dehydrate and strip their moisture faster. There are some simple tricks and lip care steps that can help in achieving soft and plump lips. Gentle Exfoliation for Naturally Plump…

Barchart

If Occidental Petroleum Hikes Its Dividend as Expected, OXY Stock Could Rally

Occidental Petroleum will release its Q4 earnings on Feb. 19, and could hike its dividend per share. Investors could see OXY stock move higher. Meanwhile, shorting out-of-the-money OXY puts provides good income.

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