The Latest Breaking News from Petroleum

Nigeria's long-awaited Dangote refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of delays. The plant, the largest of its kind in Africa, is expected to supply not only Nigeria but other countries in West Africa – potentially transforming the region's oil trade.

Robust demand for oil and gas, production dynamics, and geopolitical tensions project a potential surge in oil prices for the foreseeable future. To that end, let's turn our attention to scrutinizing quality oil and gas stocks Enterprise Products Partners L.P. (EPD), Marathon Petroleum Corporation (MPC), and Global Partners LP (GLP),…

What you need to know… The S&P 500 Index ($SPX ) (SPY ) on Thursday closed down -0.34%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.03%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.53%. Stocks on Thursday settled mixed, with the S&P...

Crude oil closed 2023 at below $72 per barrel. The price was lower for the year and just below the U.S. administration’s $67 to $72 per barrel buying zone to replenish the Strategic Petroleum Reserve. As the market heads into 2024, bullish and bearish factors pull the energy commodity in…

US energy company APA Corporation has agreed to buy competitor Callon Petroleum in a transaction valued around $4.5 billion including debt, the firms announced Thursday, marking the latest deal in the sector.

Petroleum dealers' fears of losses on stock contained due to customer rush caused by tanker drivers strike, leading to traffic snarls and stock outs.

Nation-wide strike by petroleum tanker drivers causes panic-buying & long queues at petrol bunks in Hyderabad.

Petroleum dealers urge OMCs to reduce fuel prices gradually

New Mexico environmental officials have proposed a new regulatory framework for reusing wastewater with a major focus on treating and repurposing the used, salty byproducts of oil and natural gas drilling in a major U.S. petroleum production zone