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The Latest Breaking News from Petroleum

3 Oil Stocks That Are Better Buys Than Occidental Petroleum

Russia is threatening to cut energy supplies to Europe, which could keep oil prices elevated this year. While rising oil prices should help the energy industry thrive, Occidental Petroleum (OXY) is not well-positioned to capitalize on the industry tailwinds. However, one could benefit from the industry’s solid prospects by investing…

StockNews.com

Looking At Occidental Petroleum's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish 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

Sisi Hails Gulf Support for Egypt

Egyptian President Abdel Fattah el-Sisi praised the Gulf support for his country, especially during the periods that followed the upheavals in January 2011 and June 2013. Sisi’s comment came during the inauguration of projects in the Suez Canal Authority on Thursday. In his speech, the Egyptian president said that Saudi…

Asharq Al-Awsat

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Wales set for massive row with Westminster as Liz Truss plans to lift the ban on fracking

Mark Drakeford said fracking plans are a 'contradiction of the climate crisis'

Wales Online

Saudi Energy Minister: OPEC+ Does Not Target Specific Price Range

Saudi Energy Minister Prince Abdulaziz bin Salman stressed that OPEC+ did not target specific prices or price ranges, but rather sought to support market stability and balance supply and demand for the benefit of the petroleum industry. Prince Abdulaziz, who chairs the ministerial committee in the OPEC+ alliance, told an…

Asharq Al-Awsat

Looking At Occidental Petroleum's Recent Whale Trades

Benzinga

Arunachal Pradesh oil exploration | Fair compensation will be given, says Petroleum Ministry

Chakma Development Foundation of India had approached NHRC

The Hindu

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G7 agree price cap on Russian oil to stop Putin’s ‘ability to fund war of aggression’

The cap is expected to be introduced in December for crude oil and for petroleum products in February

Evening Standard

G7 countries back plan to cap price of Russian oil over Ukraine invasion

It's aimed at limiting the invasion's effect on energy prices and preventing Russian profits from oil exports.

Axios

G7 agrees price cap on Russian oil to rein in runaway energy costs

Finance ministers of the G7 group of leading democracies have agreed a global price cap on Russian oil and petroleum products.

The Independent UK

What Are Whales Doing With Marathon Petroleum

Someone with a lot of money to spend has taken a bearish stance on Marathon Petroleum (NYSE:MPC). 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

Commercial LPG price reduced by ₹91.5 a cylinder

Simultaneously, the rates of aviation turbine fuel were cut marginally by 0.7%.

The Hindu

Check Out What Whales Are Doing With OXY

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 11 strange trades.

Benzinga

Is Devon Oil a Better Energy Play Than Marathon Petroleum?

Elevated oil & gas prices have been helping energy companies thrive, with oil producers' free cash from operations increased significantly this year. Therefore, Marathon Petroleum (MPC) and Devon Energy (DVN) beat the market volatility. But which of these stocks is a better choice for investors? Read more to find out….

StockNews.com

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Birmingham Post

North Sea gas platform could become designated nesting site to aid offshore wind development

Orsted is working with owners Alpha Petroleum Resources Ltd and Energean UK on Wenlock proposal 100km off the Humber

The Guardian - UK

US fossil fuel firm sues insurer for refusing to cover climate lawsuit

Aloha Petroleum’s case against AIG could set precedent as to whether firms are protected against climate damage claims

Asharq Al-Awsat

KAPSARC Warns of Challenges Hindering Investments in Oil, Gas

Industry investment should increase during the next two years, otherwise, the world risks a significant deficit of oil and gas supply by 2025 and beyond, found a report by the King Abdullah Petroleum Studies and Research Center (KAPSARC). It also warned of a high probability of the price of oil…

Bangkok Post

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.

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AAP

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.

Benzinga

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.

Asharq Al-Awsat

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…

StockNews.com

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…

The Hindu

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

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

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