The Latest Breaking News from Petroleum

Scrap cess on petro prices, KTR urges Centre

Alleges that petro prices continue to witness upward spiral

The Hindu · Aug 24, 2022

Australian government launches offshore petroleum exploration permits for 47,000 sq km of ocean

Resources minister says exploration ‘central to alleviating future domestic gas shortfalls’ but Greens slam ‘mockery’ of climate target

The Guardian - AU · Aug 24, 2022

Oil Slips as Fears of Imminent OPEC+ Output Cut Fade

Oil prices fell on Wednesday, taking a breather from a near 4% surge the previous day, on receding fears of an imminent output cut by the Organization of the Petroleum Exporting Countries and allies, a group known as OPEC+. Global benchmark Brent crude futures fell 40 cents, or 0.4%, to…

Asharq Al-Awsat · Aug 24, 2022

Warren Buffett Is Betting Big On Occidental Petroleum, But Analyst Sees 'Better Options Elsewhere'

Shares of Occidental Petroleum Corporation (NYSE: OXY) jumped on Friday on news Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and billionaire CEO <

Benzinga · Aug 22, 2022

Experts forecast resumption of overlapping claim area talks

Energy experts say Thailand and Cambodia will resume talks to settle their dispute on an overlapping claim area (OCA) in order to jointly benefit from a new petroleum source and relieve the impact of energy price fluctuations.

Bangkok Post · Aug 21, 2022

Chevron eyeing potential in Ubon field

Chevron Thailand Exploration and Production Co is conducting a joint study on ways to reduce costs during the development of the offshore Ubon petroleum field in the Gulf of Thailand, which has the potential to become a new oil source.

Bangkok Post · Aug 21, 2022

Road Transport and Highways sector has maximum number of delayed projects: government report

In the Road Transport and Highways sector, 300 out of 825 projects are delayed. In railways, 119 out of 173 projects and in petroleum, 90 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for June 2022

The Hindu · Aug 21, 2022

Which Energy Stock Is the Best Buy Right Now?

Leading oil and gas company Marathon Petroleum (MPC) reported solid second-quarter results. Shares of MPC have gained in doubt digits year-to-date. Higher price realizations and substantial market demand should bode well for the energy company. Thus, we think MPC is an ideal investment now. Read on to know more….

StockNews.com · Aug 19, 2022

Occidental Petroleum Whale Trades For August 16

  Someone with a lot of money to spend has taken a bullish 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 · Aug 16, 2022

Today in Supreme Court History: August 16, 1933

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Reason · Aug 16, 2022