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The Latest Breaking News from Petroleum

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

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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

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

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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.

Benzinga

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.

StockNews.com

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.

Los Angeles Times

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.

The Hindu

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

Benzinga

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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.

Dynamite News

Domestic LPG prices hiked again, rates cross ₹1,000-mark; check new rates

The prices of liquified petroleum gas (LPG) were increased by Rs 3.50 on Thursday. Read further on Dynamite News:

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AAP

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

The Times of India

Government shelves BPCL privatisation for now as bidders exit

NEW DELHI: India has stalled the privatisation of state-owned refiner Bharat Petroleum Corporation Limiter (BPCL) as most bidders walked out of the process, according to an official with direct knowledge of the matter.

Chicago Sun-Times

Oil tax revenues in New Mexico, other states spotlight a dependence on fossil-fuel taxes

Their budgets might be rich for now with petroleum cash. But, if tackling climate change cuts into that, will they tax residents more — or reduce public services?

Benzinga

Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.

Asharq Al-Awsat

Egypt Begins Trial Operation of Development Projects in Petrochemical Plants

Egypt inaugurated on Monday comprehensive development projects at the factories of the Egyptian Petrochemical Company in Alexandria. Petroleum Minister Tarek el-Molla inaugurated the trial operation of the developed factories, including the chlorine plant and the new thermal cracking unit of the vinyl chloride monomer production plant. He stressed the sector's…

StockNews.com

3 Energy Stocks to Buy on the Dip

While most of the market has been mired in a brutal correction, energy stocks have had a very mild pullback. Investors should consider buying a high-quality energy stock like Ovintiv (OVV), Occidental Petroleum (OXY), and VAALCO Energy (EGY) as the underlying fundamentals keep improving.

Benzinga

Why Imperial Petroleum Shares Are Rising

Shares of small-cap penny stock Imperial Petroleum Inc (NASDAQ: IMPP) are trading higher by 16.82% at $0.78.

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