The Latest Breaking News from Petroleum

Out-of-the-money put premiums in Occidental Petroleum that look attractive to sell short are appealing to investors for additional income. This opportunity works for long-term investors.

Chevron mulled a possible bid for fellow Warren Buffett holding Occidental Petroleum earlier this year, The Wall Street Journal reported.

In a four-line statement announcing the approval of the new Rosebank oil field 80 miles west of Shetland, the UK’s offshore oil and gas regulator showed its mission no longer serves the public good.

Considering the burgeoning crude oil prices, the energy sector has considerable potential for significant expansion this year. Given this backdrop, quality energy stocks TotalEnergies SE (TTE), Marathon Petroleum Corporation (MPC), and Valero Energy Corporation (VLO), which are outpacing Exxon Mobil (XOM), could be wise portfolio additions now. Read on….

Prime Minister Narendra Modi has dedicated and laid the foundation stone of multiple developmental projects worth more than Rs 13,500 crore in important sectors like road, rail, petroleum and natural gas and higher education in poll-bound Telangana. Read further on Dynamite News:

State-run Oil marketing companies (OMCs) have hiked the prices of 19-kg commercial liquefied petroleum gas (LPG) cylinders by a little over ₹200 each with effect from October 1

Occidental Petroleum sees its Relative Strength Rating enter the 80-plus level.

Swiss federal prosecutors say they have indicted a former employee of the Geneva-based commodities trading firm Gunvor over bribes paid to obtain access to the Republic of Congo’s petroleum market more than a decade ago

Nearly 85 lakh households across Telangana and Andhra Pradesh using LPG connections issued under the Deepam scheme are not getting the subsidy of ₹200 per cylinder like the Pradhan Mantri Ujjwala Yojana (PMUY) beneficiaries.