The Latest Breaking News from Petroleum

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 · May 26, 2022

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 · May 25, 2022

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 · May 24, 2022

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 · May 23, 2022

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 · May 22, 2022

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 · May 22, 2022

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 · May 21, 2022

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 · May 20, 2022

5 Value Stocks To Watch In The Energy Sector

Understanding Value Stocks

Benzinga · May 19, 2022

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.

The Times of India · May 19, 2022