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The Latest Breaking News from Petroleum

Petrol dealers stage protest, 225 pumps in Nashik district run dry

NASHIK: Over 200 petrol dealers from Nashik, Dhule and Nandurbar districts staged a sit-in protest in front of the Bharat Petroleum Corporation Ltd (BPCL) fuel depot, at Panewadi, near Manmad in Nashik district, on Tuesday. This was a part of their ‘no fuel purchase’ strike seeking compensation for the losses…

The Times of India

This Is What Whales Are Betting On Occidental Petroleum

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

12 Analysts Have This to Say About Occidental Petroleum

Analysts have provided the following ratings for Occidental Petroleum (NYSE:OXY) within the last quarter:

Benzinga

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Andhra Pradesh: Petroleum dealers stop purchasing fuel

VIZIANAGARAM

The Hindu

Sales curtailing new mantra for oil cos to cut losses: Dealers

NAGPUR: Amid high fuel costs pinching consumers, petroleum dealers have complained of oil marketing companies resorting to unofficial rationing in supply of diesel. Some private companies had stopped supply of diesel at their outlets for around couple of months, only to restart it on Monday.

The Times of India

Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

Asharq Al-Awsat

The big picture: the pursuit of happiness in Playland, California

Between work as a petroleum engineer and a clinical psychologist, photographer Chauncey Hare documented suburban life in the US

The Guardian - UK

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Petrol pump dealers in TS not to lift stocks on May 31

‘No Purchase’ protest in support of higher commission, voicing concern at losses when Excise duty is cut

The Hindu

Fuel dealers to go on strike in Karnataka on May 31

BENGALURU: Petroleum dealers across Karnataka have decided to observe a 'no-purchase' day on May 31 demanding compensation from the Union government for losses incurred by them due to the reduction in excise duty. Though dealers said fuel outlets will function as usual, the probability of 'no stock' boards going up…

The Times of India

Maharashtra: Dealers to not buy, sell fuel on May 31

AURANGABAD: The Federation of All Maharashtra Petroleum Dealers’ Association (FAMPEDA) has decided to opt for ‘No Purchase No Sale' of fuel on Tuesday (May 31).

The Times of India

Govt has no plan for additional borrowing to manage fiscal deficit: Report

NEW DELHI: The government is not planning any additional borrowing and will stick to the borrowing target fixed for the current fiscal year despite sacrificing revenue on account of reduction in duties on petroleum products and other goods, official sources said on Wednesday.

The Times of India

If You Invested $1000 In Marathon Petroleum 10 Years Ago, Here's How Much You Would Have Today

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 6.57% on an annualized basis producing an average annual return of 17.98%. Currently, Marathon Petroleum has a market capitalization of $52.71 billion.

Benzinga

Marine Petroleum Trust's Ex-Dividend Date Is Friday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Marine Petroleum Trust (NASDAQ:MARPS).

Benzinga

India to be the leader of green hydrogen: Puri in Davos

India is moving faster than any other country towards a green transition, Petroleum Minister says at Davos

The Hindu

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Benzinga

Piper Sandler Maintains Neutral Rating for Marathon Petroleum: Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of Marathon Petroleum (NYSE:MPC) and raise its price target from $96.00 to $106.00. Shares of Marathon Petroleum are trading up 2.15% over the last 24 hours, at $98.64 per share.

Benzinga

Whiting Petroleum's Return On Capital Employed Overview

Benzinga Pro data, Whiting Petroleum (NYSE:WLL) reported Q1 sales of $526.86 million. Earnings fell to a loss of $37.43 million, resulting in a 112.81% decrease from last quarter.

StockNews.com

Better Buy: Imperial Petroleum vs. Centennial Resource Development

In this article I will analyze and compare Imperial Petroleum vs. Centennial Resource Development to determine which oil & gas stock is currently a better investment.

Los Angeles Times

California oil regulator confirms methane leak at idle oil wells in Bakersfield

LOS ANGELES — California regulators have confirmed a methane gas leak at a pair of idle oil wells near a residential neighborhood in Bakersfield, raising the concerns of local environmental groups who fear the problem might be more widespread.

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The Hindu

Pressure building on CM to reduce sales tax on petrol, diesel

No discussion on reduction of KST on petroleum products has taken place so far

The Hindu

Petroleum dealers write to Centre asking not to restrict fuel supplies

Jude Mathew of the Tamil Nadu Independent Vehicle Owners Association said that such guidelines would only lead to a shortage in fuel supplies and disruption in services.

Benzinga

Looking Into Berry Petroleum's Return On Capital Employed

Benzinga Pro data, Berry Petroleum (NASDAQ:BRY) reported Q1 sales of $94.08 million. Earnings fell to a loss of $56.81 million, resulting in a 743.74% decrease from last quarter.

Benzinga

5 Value Stocks To Watch In The Energy Sector

Understanding Value Stocks

The Times of India

Forex crisis: Sri Lanka lowers limit of foreign currency people can hold to $10,000 from $15,000

COLOMBO: Sri Lanka's central bank on Thursday decided to substantially lower the limit of foreign currency a person can hold to $10,000 from $15,000 and said it will crack down on those possessing them for over three months as the island nation faced its worst economic crisis.

Benzinga

Peering Into Marathon Petroleum's Recent Short Interest

Marathon Petroleum's (NYSE:MPC) short percent of float has risen 11.11% since its last report. The company recently reported that it has 16.18 million shares sold short, which is 2.9% of all regular shares that are available for trading.

Al Jazeera

In East Timor, president-elect confronts thorny addiction to oil

Nobel laureate Jose Ramos-Horta will be inaugurated on Friday as his country eyes new oil and gas development.

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