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The Latest Breaking News from Petroleum

Kuwait Oil Company Says to Increase Natural Gas Production

The state-owned Kuwait oil company aims to increase natural gas production to meet local demand, the company's acting chief executive officer Khaled Nayef Al Otaibi said on Sunday. "With the world recovering from the disruptions caused by COVID-19 pandemic, demand for oil and gas returned to its pre-pandemic levels in…

Asharq Al-Awsat

Data | Will Iran make a comeback as India’s major crude oil import partner?

With international crude oil prices soaring, local consumption of petroleum products back to pre-pandemic levels and the U.S. calling for sanctions against Russia, Iran may make a comeback as a major oil partner for India

The Hindu

Saudi Arabia Launches Joint Research Center to Advance AI Field

The Saudi Data and AI Authority (SDAIA), in cooperation with King Fahd University of Petroleum and Minerals, has inaugurated a joint research center, during the 2nd Global AI Summit that was held in Riyadh between September 13 and 15. “The university (King Fahd University of Petroleum and Minerals) is proud…

Asharq Al-Awsat

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Marathon Petroleum Whale Trades For September 15

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

Check Out What Whales Are Doing With OXY

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

Petrol pumps to remain shut in Kerala on September 23

THIRUVANANTHAPURAM

The Hindu

BCP to ramp up investments in Norway

Energy conglomerate Bangchak Corporation Plc (BCP) is gearing up for new investments in Norway through expansion of oil and gas exploration and production, in order to strengthen its position in the upstream petroleum business.

Bangkok Post

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India plans $2.5 billion aid to oil firms hit by soaring costs

NEW DELHI: India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp, to partly compensate them for losses and keep a check on cooking gas prices, according to people familiar with the matter.

The Times of India

The G7's price cap on Russian oil begins to take shape

The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow's ability to fund its invasion of Ukraine, a plan analysts say could work in the long term but might boost oil prices in coming months.

Reuters

Saudi Arabia Tops Hydrocarbon Producers in Oil, Gas Emissions

Saudi Arabia has been able to score higher than other hydrocarbon producers in many indicators related to the emissions performance of the oil and gas sector. Over the past year, the six Gulf Cooperation Council (GCC) countries have updated their medium-term greenhouse gas emissions targets by submitting revised nationally determined…

Asharq Al-Awsat

After oil: what Malaysia and Iran may look like in a post-fossil-fuel future

As the devastation of climate change makes the need to decarbonise clearer by the day, countries face the question of what to do with their old fossil fuel infrastructure. While some environmental activists have taken to sabotaging the carbon economy on the back of its emissions in the Global North,…

The Conversation

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

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 Online

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'

Asharq Al-Awsat

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…

Benzinga

Looking At Occidental Petroleum's Recent Whale Trades

The Hindu

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

Chakma Development Foundation of India had approached NHRC

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Evening Standard

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

Axios

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.

The Independent UK

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.

Benzinga

What Are Whales Doing With Marathon Petroleum

The Hindu

Commercial LPG price reduced by ₹91.5 a cylinder

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

Benzinga

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.

StockNews.com

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….

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