The Latest Breaking News from Petroleum

4 Reliable Blue-Chip Stocks to Add to Your Portfolio Today

Concerns over the Federal Reserve’s aggressive interest rate hikes to combat rising inflation and growing recession risks are expected to keep the stock market under tremendous pressure in the near term. To navigate a volatile market, reliable blue-chip stocks BASF (BASFY), Barclays (BCS), The Hershey (HSY), and Marathon Petroleum (MPC)…

StockNews.com · Jul 20, 2022

Over $112 Million Bet On Occidental Petroleum? 4 Stocks Insiders are Buying

Although US stocks closed lower on Monday, there were a few notable insider trades.

Benzinga · Jul 19, 2022

This Is What Whales Are Betting On Occidental Petroleum

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 · Jul 18, 2022

Egypt Raises Domestic Fuel Prices for 6th Time in a Row

Egypt raised on Wednesday its domestic fuel prices for the sixth time in a row along with the prices of diesel, which it has managed to sell at fixed price for three years. The fuel pricing committee in a quarterly review raised domestic fuel prices by EGP0.50 for 80-octane, 92…

Asharq Al-Awsat · Jul 14, 2022

OPEC Sees Slower 2023 Oil Demand Growth

OPEC expects global oil demand to rise in 2023 but at a slower pace than 2022, the producer group said in its first forecast for next year, citing still robust economic growth and progress in containing COVID-19 in China. In a monthly report on Tuesday, the Organization of the Petroleum…

Asharq Al-Awsat · Jul 13, 2022

PTT to give Oil Fund B3bn boost

National oil and gas conglomerate PTT Plc has decided to allocate 3 billion baht to the fast-dwindling Oil Fuel Fund, following its months-long support of the diesel and liquefied petroleum gas (LPG) price subsidy programmes.

Bangkok Post · Jul 12, 2022

Occidental Petroleum Whale Trades For July 12

A whale with a lot of money to spend has taken a noticeably bullish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 15 strange trades.

Benzinga · Jul 12, 2022

The 4 Top-Performing S&P 500 Stocks as of July 2022

Worries over the Fed’s hawkish stance to curb the rising inflation and growing recession risks have weighed heavily on market sentiment, causing the benchmark S&P 500 to tumble significantly. However, fundamentally sound S&P 500 stocks Occidental Petroleum (OXY), Hess (HES), Valero Energy (VLO), and Exxon Mobil (XOM) managed to gain…

StockNews.com · Jul 12, 2022

PTT injects B3bn into Oil Fuel Fund

National oil and gas conglomerate PTT Plc has resolved to allocate 3 billion baht to support the state Oil Fuel Fund, which is shouldering a heavy financial burden to put a cap on diesel and liquefied petroleum gas (LPG) prices.

Bangkok Post · Jul 12, 2022

Egypt Takes Measures to Improve Energy Efficiency, Saves $42M Annually

Egypt has managed to save EGP813 million ($42.4 million) annually by adopting measures to improve the energy efficiency in 31 petroleum companies. In a statement on Monday, the Petroleum Ministry said the country’s petroleum and mineral resources sector is implementing an integrated work program to improve energy efficiency in all…

Asharq Al-Awsat · Jul 12, 2022