The Latest Breaking News from Petroleum

CPCL asked to cut down production as odour persists in north Chennai

The Chennai Petroleum Corporation Ltd. has been asked by the Tamil Nadu Pollution Control Board to cut its output to 75% of its capacity

The Hindu · Aug 8, 2022

IOC, HPCL, BPCL post Rs 18,480 crore loss in Q1 on holding petrol, diesel prices

NEW DELHI: State-owned Indian Oil Corporation (IOC), Hindustan Petroleum Corporation Ltd (HPCL) and Bharat Petroleum Corporation Ltd (BPCL) posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost.

The Times of India · Aug 7, 2022

PTTEP to bid for new licences in the Gulf

PTT Exploration and Production Plc (PTTEP) is preparing to join a new auction for petroleum exploration and production licences in the Gulf of Thailand, part of the government's efforts to increase the domestic gas supply.

Bangkok Post · Aug 4, 2022

Govt cuts windfall tax on fuel export, raises levy on domestic crude oil

NEW DELHI: The government on Tuesday evening cut the windfall tax on diesel and ATF in line with softening international petroleum product prices but raised the duty on domestically produced crude oil.

The Times of India · Aug 2, 2022

What Are Whales Doing With Marathon Petroleum

A whale with a lot of money to spend has taken a noticeably bullish stance on Marathon Petroleum. Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 18 strange trades.

Benzinga · Aug 2, 2022

Scientists Create Aircraft Fuel from Soil Bacteria

Aircrafts transport people, ship goods, and perform military operations, but the petroleum-based fuels that power them are in short supply. In research published on June 30 in the journal Joule, researchers at the Lawrence Berkeley Lab have found a way to generate an alternative jet fuel by harvesting an unusual…

Asharq Al-Awsat · Aug 2, 2022

U.S. targets Chinese, UAE firms in new Iran oil sanctions

The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars' in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear programme.

Reuters · Aug 2, 2022

Check Out What Whales Are Doing With MPC

A whale with a lot of money to spend has taken a noticeably bullish stance on Marathon Petroleum. Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 10 strange trades.

Benzinga · Aug 1, 2022

Issuing fresh sanctions on Iran, US targets Chinese, UAE firms

The firms were being used by Iran to facilitate the sale of Iranian oil and petrochemical products, the US said.

Al Jazeera · Aug 1, 2022

US sanctions UAE, Hong Kong firms that ship Iranian oil

The U.S. has sanctioned a United Arab Emirates-based firm and several Asian companies for facilitating the illicit sale of millions of dollars’ worth of Iranian oil for shipment to East Asia

The Independent UK · Aug 1, 2022