The Latest Breaking News from Petroleum

Refiners deny profit tally

The Petroleum Refining Industry Club, a unit of the Federation of Thai Industries, has insisted the current gross refinery margin (GRM) is reasonable, rebutting an accusation that oil companies are overcharging customers for refined oil.

Bangkok Post · Jun 20, 2022

NT pastoralist takes Sweetpea Petroleum to Supreme Court over fracking exploration access agreement

Northern Territory laws allow gas companies to enter cattle stations to explore, even if the leaseholders oppose it. One cattle station is fighting that in the Supreme Court.

ABC News · Jun 20, 2022

OPEC’s Barkindo: Common Objective with Non-OPEC Partners is Market Stability

The common objective of the Organization of the Petroleum Exporting Countries and its non-OPEC partners has always been to maintain oil market stability, not to raise prices or bring them down, OPEC Secretary-General Mohammad Barkindo said on Saturday. Asked whether bringing 9.7 million barrels a day back to the market…

Asharq Al-Awsat · Jun 19, 2022

Tamil Nadu retail fuel outlets start to go dry

CHENNAI: Following Rajasthan, Andhra Pradesh and several other Indian states, retail fuel outlets in Tamil Nadu have also started to go dry.

The Times of India · Jun 16, 2022

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service · Jun 15, 2022

Cooking gas price to rise slowly

The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.

Bangkok Post · Jun 15, 2022

Enough stocks available, say oil firms

Advise customers not to resort to panic buying

The Hindu · Jun 15, 2022

Here's How Much You Would Have Made Owning Marathon Petroleum Stock In The Last 10 Years

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 6.85% on an annualized basis producing an average annual return of 17.52%. Currently, Marathon Petroleum has a market capitalization of $55.54 billion.

Benzinga · Jun 14, 2022

Why Shares Of Imperial Petroleum Are Trading Lower Today

Shares of small-cap penny stock Imperial Petroleum Inc. (NASDAQ: IMPP)  shares are trading lower after the company reported first-quarter 2022 earnings results.

Benzinga · Jun 14, 2022

3 Buffett Stocks to Buy on the Dip

Warren Buffett’s strategic investment decisions have been a guide for retail inventors for decades. And we think investors should consider buying the dip in these fundamentally solid stocks from his portfolio, Apple (AAPL), Amazon.com (AMZN), and Occidental Petroleum (OXY) now.

StockNews.com · Jun 14, 2022