The Latest Breaking News from Petroleum

Egypt Says Plans 3 Tenders for Oil and Gas Exploration, Production in 2023

Egypt plans to offer three international tenders for oil and gas exploration and production in 2023, Petroleum Minister Tarek El Molla said on Sunday. "Egypt plans to hold three international tenders in 2023 for oil and gas exploration and production," he said at the opening ceremony for the Egypt Petroleum…

Asharq Al-Awsat · Feb 12, 2023

The 2 Best Energy Stocks to Invest in Right Now

The energy sector is poised to witness solid growth in the near term amid improved demand from the Chinese economy. In addition, owing to the onset of the EU embargo on Russian oil imports, prices could increase. Against this backdrop, it might be wise to invest in quality energy stocks…

StockNews.com · Feb 10, 2023

US Sanctions Nine Entities of ‘Critical Role’ in Iranian Petrochemicals, Petroleum Trade

The United States on Thursday imposed sanctions on nine Iranian entities it accused of playing a critical role in the production of petrochemicals and petroleum. Secretary of State Antony Blinken said in a statement that the latest sanctions were part of “continued efforts to enforce US sanctions on Iran’s petroleum…

Asharq Al-Awsat · Feb 10, 2023

PTTEP sees 2023 sales at new high

PTT Exploration and Production Plc (PTTEP) expects its sales of oil and gas this year to reach a new high of 470 kilo barrels of oil equivalent per day (KBOED), driven by gas supply from the Erawan field in the Gulf of Thailand.

Bangkok Post · Feb 7, 2023

3 Stocks That Are Ready to Explode Higher in 2023

Cooling inflation and a tight labor market have raised optimism that the economy might avoid a recession. As the global economic outlook turns optimistic, it could be wise to add quality stocks with solid fundamentals, Marathon Petroleum (MPC), HF Sinclair (DINO), and Overseas Shipholding (OSG), which look well-positioned to soar…

StockNews.com · Feb 7, 2023

Nine to pay $545k after defaming PNG minister

Nine will have to pay $545,000 to Papua New Guinea politician William Duma over a series of defamatory AFR articles that falsely accused him of corruption.

AAP · Feb 7, 2023

Norway plans $7 billion in aid to Ukraine over five years

Norway's prime minister proposed on Monday that his country, a major petroleum exporter, should provide some 75 billion crowns ($7.3 billion) in aid to Ukraine over five years.

Reuters · Feb 6, 2023

IAEE Conference Discusses Opportunities for Advancing ‘Hydrogen Economy’

Hosted for the first time in the MENA region, the 44th International Association for Energy Economics (IAEE) Conference in Riyadh reviewed the risks of volatility in global oil and gas markets. Participants at the summit also discussed threats to future opportunities offered by the hydrogen economy. Prince Abdulaziz bin Salman,…

Asharq Al-Awsat · Feb 6, 2023

Can putting petroleum jelly on your teeth help you smile longer?

Beauty pageant queens swear by this tip for avoiding a dry mouth. Can it work for the rest of us?

The Guardian - UK · Feb 6, 2023

Russia putting 'more and more forces' into Donbas battle, says Zelensky

Ukraine's Volodymyr Zelensky said the situation on the front lines in the east of the country was getting tougher, with Russia throwing more and more troops into battle, hours after the two sides agreed to exchange dozens of prisoners of war. Earlier on Saturday, Ukrainian officials said a serious accident…

France 24 · Feb 4, 2023