Get all your news in one place.

100's of premium titles.
One app.

Get all your news in one place.

100's of premium titles. One news app.

The Latest Breaking News from Petroleum

3 Oil and Gas Stocks to Watch for Gains in October

OPEC+ has announced a deep output cut from November, which should bolster prices. Moreover, analysts expect oil prices could reach the $125 mark in the near term amid supply cuts. Given this backdrop, we think investing in sound oil and gas stocks Marathon Petroleum (MPC), Valero Energy (VLO), and PBF…

StockNews.com · Oct 12, 2022

Centre to bear Rs 22,000 crore burden for keeping LPG prices in check

NEW DELHI: The Centre will pay Rs 22,000 crore as a one-time grant to state-run fuel retailers to compensate them for keeping price of LPG — liquefied petroleum gas supplied as cooking fuel to households — in check in spite of a surge in the benchmark rates.

The Times of India · Oct 12, 2022

What Are Whales Doing With 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 21 strange trades.

Benzinga · Oct 12, 2022

From analysis to the latest developments in health,
read the most diverse news in one place.

Cabinet Okays Rs22k-cr One-Time Grant To 3 State-Run Oil Marketing Firms For Losses In LPG

The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business. Read further on Dynamite News:

Dynamite News · Oct 12, 2022

Rs 22,000 crore boost for oil firms, bonus for railway workers: Key Cabinet decisions

NEW DELHI: The Union Cabinet on Wednesday announced a slew of decisions from providing a one-time grant to oil marketing companies, bonus to railway employees and few others, amid festival fervor in the country.

The Times of India · Oct 12, 2022

Bobby Ghosh: Oil and gas workers add fuel to Iranian protesters’ fire

They took their time about it, but Iran’s oil workers seem finally to have joined the anti-regime protests. Videos on social media platforms reportedly show marches and demonstrations in Abadan and Assaluyeh, vital hubs in the country’s petroleum and petrochemicals sector.

Tribune News Service · Oct 12, 2022

3 Energy Stocks for Investors to 'Buy the Dip'

Energy stocks have dipped along with the rest of the market as recession fears increase. However, the longer-term supply situation continues to be concerning especially with expectations that Russia's oil production will decline due to sanctions. Thus, investors should consider buying high-quality energy stocks like Valero (VLO), Occidental Petroleum (OXY),…

StockNews.com · Oct 11, 2022

Read news from The Economist, FT, and more,
with one subscription

India under no global pressure to shun Russian oil: Hardeep Singh Puri

Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri on Saturday said that India is under no pressure to shun Russian oil. Read more on Dynamite News:

Dynamite News · Oct 8, 2022

OPEC Head: Uncertainty Over Demand, Global Economy are the Reasons for the Cut, Not Politics

The reduction in oil production targets more spare capacity in case of any global emergency, OPEC's Secretary-General Haitham al-Ghais has announced. The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) and 11 of its allies led by Russia, known as OPEC+, agreed on Wednesday to lower their…

Asharq Al-Awsat · Oct 8, 2022

1 Popular Energy Stock Hedge Funds Keep Buying

Leading oil & gas company Marathon Petroleum (MPC) reported solid second-quarter financials. Moreover, analysts seem bullish about the company’s growth prospects, considering its strategic business advancements and sustained energy demand. And given MPC’s high profitability and high-yield dividend, this energy stock that hedge funds keep buying could be worth your…

StockNews.com · Oct 7, 2022

Despite turbulence in energy markets, India, U.S. determined to transition to clean energy: Hardeep Singh Puri

Union Minister of Petroleum and Natural Gas Hardeep Singh Puri said that there is a huge potential of India-U.S. collaboration in the energy sector

The Hindu · Oct 7, 2022

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 35 strange trades.

Benzinga · Oct 6, 2022

Nigerian newborns weigh less if their mothers use biomass fuel - a major health risk

Babies should ideally weigh about 2,500g or more at birth. Birth weight is a vital indicator of foetal and neonatal health. If a newborn weighs less than 2,500g – because they are preterm or their growth in the womb was restricted for some reason – they are more at risk…

The Conversation · Oct 6, 2022

OPEC+ production cuts pile further pressure on global inflation

The decision by the OPEC+ oil cartel to lower global production to 2 million barrels per day starting in November has prompted the US to dip into its Strategic Petroleum Reserve to dampen prices. An upcoming price cap on Russian oil could also add more inflationary pressure if Moscow decides…

France 24 · Oct 6, 2022

Get all your
news in one place.

100's of premium titles.
One news app.

Tribune News Service · Oct 4, 2022

White House takes closer look at controversial gasoline export ban option

WASHINGTON — White House officials have asked the U.S. Energy Department to analyze whether a ban on exports of gasoline, diesel and other refined petroleum products would lower fuel prices, an indication the controversial idea is gaining traction in some corners of the Biden administration.

The Conversation · Oct 3, 2022

Ghana’s petroleum sector management is a mess: what’s gone wrong?

After three decades of prospecting Ghana discovered commercially viable quantities of petroleum in 2007. Within 3.5 years, it exported its first barrels of crude oil. The progression from discovery to extraction and export was twice as rapid as the global average of six to seven years.

McClatchy Washington Bureau · Oct 3, 2022

Gas keeps costing more. Would an emergency oil supply help cut prices?

WASHINGTON — California gasoline prices are soaring again — up more than a dollar over the last month — and the latest big congressional idea for relief involves creating an emergency oil supply that Washington would tap when prices soar.

The Hindu · Sep 30, 2022

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

Move by U.S. is first such action against Indian company, comes day after EAM Jaishankar U.S. visit

Get all your
news in one place.

100's of premium titles.
One news app.

Asharq Al-Awsat · Sep 30, 2022

Washington Imposes New Sanctions on Iran’s Petroleum Sales

The United States on Thursday imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal. “So long as Iran refuses a mutual return to full implementation of the Joint Comprehensive Plan of Action (JCPOA),…

Asharq Al-Awsat · Sep 28, 2022

Saudi Economic Resilience to Increase 60% by 2030

A recent study by the King Abdullah Petroleum Studies and Research Center (KAPSARC) concluded that Saudi Arabia’s gross domestic product will become 60 percent more resilient to shocks, including fluctuations in oil prices, by 2030. According to the study, which used standard models, the economic reforms of Vision 2030 will…

Benzinga · Sep 27, 2022

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.

The Times of India · Sep 27, 2022

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

NEW DELHI: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for nearly Rs 1,598 crore since December last year.

The Hindu · Sep 25, 2022

APSRTC encouraging ‘competitive bidding’ in fuel purchase

A few dealers allege that there is more to it than meets the eye

The Hindu · Sep 25, 2022

Smuggling of petroleum products rampant in districts bordering Karnataka, alleges BJP

Party wants APSRTC to buy fuel directly from refining companies

Reason · Sep 24, 2022

Are We Past 'Peak Petrostate'?

It's the economics of energy production that make petrostates more trigger-happy, Emma Ashford argues in Oil, the State, and War.

1 … 37 38 39 40

Coverage From

People

Mangeet Kaur BounsMangeet

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

European Union

40,892 stories

Bharatiya Janata Party

Read news from The Economist, FT, and more,
with one subscription

Topics

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.