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The Latest Breaking News from Petroleum

India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP model

India plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new facilities will be established in Odisha and Karnataka. The government is also continuously assessing new sites for reserves. This initiative aims to strengthen national energy security and…

The Economic Times

5 Beauty Products That Were Originally Made For Something Completely Different

Have you ever wondered if the lipstick, moisturizer, or petroleum jelly sitting in your vanity was actually created for beauty at all? Many of the products we now associate with flawless skin and makeup routines were invented to solve completely unrelated problems. Some were designed for doctors, others for factory…

MyLifeXP

The way Australia taxes gas production is stuck in the past – this is why companies aren’t paying their fair share

Australian liquefied natural gas (LNG) exports peaked at just over A$90 billion in 2022-23 following Russia’s invasion of Ukraine, easing to $65 billion in 2024-25. That placed Australia third in value of LNG exports, behind the United States and Qatar.

The Conversation

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Corn Rallying at Midday

Corn futures are trading with 7 to 9 cent gains at midday, with spillover support from wheat. The CmdtyView national average Cash Corn price is up 8 1/2 cents at $4.30 3/4. EIA’s weekly Petroleum Status Report showed ethanol production back up 54,000 bpd in the week of 7/17 after...

Barchart

Who Pays If E20 Fuel Damages Your Car? Explained

As E20 petrol becomes more common across India, many car owners are asking one important question: Who pays if something goes wrong? While the government says E20 is safe for compatible vehicles, some owners have reported concerns about mileage, wear and tear, and repair costs. This has created confusion over…

MyLifeXP

America's Oil Safety Net Is Running Out, Giving China More Influence Over U.S. Gas Prices

As the U.S. Strategic Petroleum Reserve and global oil reserves dwindle, China's sway over energy markets and gas prices grows.

International Business Times

Market Trading Guide: JK Cement among 2 stock recommendations for Wednesday

Markets traded in a volatile range amid Middle East tensions, elevated crude prices and weak financial stocks. Analysts expect earnings, oil prices, FII flows and geopolitics to drive sentiment, while recommending JK Cement and Chennai Petroleum after strong technical breakouts with bullish momentum.

The Economic Times

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Here's What to Expect From Occidental Petroleum’s Next Earnings Report

Occidental Petroleum approaches Q2 earnings with high expectations, leaving investors eager to see what unfolds next.

Barchart

Bharatgas introduces Lite ZIP, a next-generation lightweight LPG cylinder, to expand to 100 cities by August 15

Bharat Petroleum Corporation Ltd has launched Bharatgas Lite ZIP for premium LPG customers. This new offering provides instant connections and express delivery services. The company plans to expand this service to 100 additional cities by August 2026. This launch follows a similar initiative by Hindustan Petroleum Corporation Ltd. These moves…

The Economic Times

Make America Manly Again (MAMA): MAGA toughies mope over declining machismo

TOI correspondent from Washington: MAGA mavericks are discovering the United States is coming up short in a vital national resource, and no, it isn't rare earth minerals, artificial intelligence, or strategic petroleum reserves. It is reproductive potency and testicular fortitude -- or more explicitly, testosterone and sperm count.

The Times of India

Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

Fortune

Pakistan to revise oil prices daily amid renewed West Asia tensions

Pakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater transparency in fuel pricing decisions. This move follows criticism regarding delays in passing on lower fuel costs. Turkish Petroleum will begin oil and gas extraction in Pakistan soon. Petrol pump…

The Economic Times

New oil rules to elevate output, energy security

The government is moving closer to approving new regulations that would allow petroleum production licences to be renewed multiple times, a significant shift aimed at strengthening investment in exploration and production.

Bangkok Post

Market Trading Guide: ABB India among 2 stock recommendations for Friday

Indian equities ended subdued amid geopolitical concerns, volatile crude prices and weak Asian cues. Analysts recommend Chennai Petroleum and ABB India after strong technical breakouts, supported by rising volumes, bullish price structures and trading above key moving averages, indicating sustained upside potential.

The Economic Times

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Reason

As the Strategic Petroleum Reserve Hits a 40-Year Low, It's Time To Scrap It

Presidents have repeatedly used the SPR to manipulate markets and shield consumers from the consequences of bad policies.

The Economic Times

Asian refiners may be the surprise winners of fresh fuels crunch

Asian refiners are well positioned to ship petroleum products globally. Renewed Middle East conflict and Russian diesel export bans are tightening supplies. This situation allows Asian processors to capitalize on strong product margins. India's plants are geographically placed to address European shortages. However, the market remains fluid and could shift…

MyLifeXP

Want Pure Petrol? Gadkari Says It Will Cost More

What if filling your vehicle with pure petrol suddenly became a premium choice? That is exactly what Union Road Transport and Highways Minister Nitin Gadkari has suggested while defending India's ethanol-blending programme. His latest remarks have reignited the debate over E20 fuel, engine safety, mileage, and consumer choice. As millions…

Barchart

What You Need To Know Ahead of Marathon Petroleum’s Earnings Release

Marathon Petroleum is set to report Q2 earnings next month, with analysts expecting triple-digit EPS growth.

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The Economic Times

IOC, BPCL, HPCL step up fuel quality checks amid social media concerns

Indian Oil, Bharat Petroleum, and Hindustan Petroleum have intensified fuel quality inspections nationwide. These companies conducted thousands of surprise checks and tests over the past week. Their quality assurance systems involve field inspections and laboratory testing. No adulteration or critical irregularities were found during these recent checks. Customers are urged…

The Economic Times

CIC directs petroleum ministry arm to share historical petrol, ethanol, profit data

The Central Information Commission ordered the Petroleum Planning and Analysis Cell to release historical petrol production and import data. It also mandated the disclosure of ethanol procurement and blending figures, along with petroleum sector profits. The commission found that the cell had initially provided only partial information to an applicant.…

The Economic Times

India's June trade deficit jumps 59% YoY to $30.43 bn

India's merchandise trade deficit widened to $30.43 billion in June from $28.21 billion in May, even as goods exports rose 15.5% year-on-year to $40.41 billion. In the April-June quarter, overall goods exports increased about 15%, supported by higher petroleum shipments and a recovery in exports to Gulf countries.

The Economic Times

Pakistan's fuel shock ripples through every ride

Public transport fares have risen across Pakistan following a significant petroleum price increase. Transport operators cited higher fuel costs as the reason for these revised rates. Minimum stop-to-stop fares are now PKR 50, and goods transport charges have also increased. Local transport operators raised fares by PKR 20 per passenger,…

Times Life

Why Indian Attars Are Scientifically Better Than Synthetic Perfume in Heat and Humidity

The Problem With Alcohol-Based Perfume in Indian HeatMost synthetic perfumes sold in India use ethanol as their carrier. Ethanol evaporates fast, that's the point in a temperate climate, where the alcohol lifts the fragrance off the skin and into the air. In Indian heat, above 35°C, the evaporation happens so…

The Economic Times

E20 Petrol: Why India wants ethanol blending and what are your worries? Key questions answered

The Ministry of Petroleum released FAQs to clarify the Ethanol Blended Petrol Programme. India's ethanol blending targets were met through improved governance and planning. Automakers were consulted on E20 fuel compatibility and vehicle performance. Ethanol prices are fixed to ensure fair returns to farmers. The EBP Programme has saved forex…

The Economic Times

Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategy

India offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these lower fuel prices for consumers. This strategy reduces dependence on volatile global crude oil prices. Farmers' ethanol, with fixed annual prices, aids in maintaining stable domestic fuel costs. The Middle East…

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