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The Latest Breaking News from Petroleum

Cheap Russian oil fuels India’s response to Ukraine war

The West expected India to turn its back on Russia, but a look at the numbers shows that expectation never seemed realistic or likely.

360info

CITU leader removed from post for buying luxury car

The Communist Party of India (Marxist) [CPI(M)] has removed P.K. Anil Kumar from the post of general secretary of the Kerala Petroleum and Gas Workers’ Union, affiliated to the Centre of Indian Trade Unions (CITU), following a probe into the purchase of a high-end luxury car for his son.

The Hindu

WP Energy revenue set to rise by 9.4%

WP Energy Plc, Thailand's second-largest liquefied petroleum gas (LPG) trader by sales volume, expects revenue to increase by 9.4% to 17 billion baht this year, up from 15.5 billion baht in 2022, though the government's LPG price subsidy is scheduled to expire at the end of this month.

Bangkok Post

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Chevron eyes greater Thai gas production

Chevron Thailand Exploration and Production wants to increase domestic gas supply to allow the government be less dependent on costly liquefied natural gas (LNG) imports, with the company ramping up petroleum production in the Gulf of Thailand.

Bangkok Post

Petroleum Minister Hardeep Singh Puri comments on reducing petroleum prices at BJP headquarters

To questions on whether a reduction in oil prices was under consideration, Union Petroleum Minister Hardeep Singh Puri said he was not in a position to make an announcement on the issue.

The Hindu

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

A U.S. petroleum company has signed an agreement with Sri Lanka allowing it to import and sell fuel in the country as the Indian Ocean nation grapples with an economic and energy crisis

The Independent UK

Indane asks customers to switch to ‘stylish and safe’ composite cylinders

In an effort to make the more stylish and safer composite liquefied petroleum gas (LPG) cylinders more popular among consumers, Indane has begun a campaign to text customers in the State

The Hindu

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No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

OPEC+ -- No Surprise as the Cartel Trims Production

Barchart

The discovery of petroleum jelly

On June 4, 1872, American chemist Robert Chesebrough was granted a patent titled “Improvement in products from petroleum”.

The Hindu

Exclusive-Russia's Taman port set to suspend LPG exports over drone danger

Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday.

Reuters

Warren Buffett Is Buying More Occidental Petroleum Stock As Oil Prices Near 2023 Lows

Warren Buffett bought 4.66 million OXY shares for about $275 million over May 25-30. Berkshire Hathaway now owns 24.9% Occidental Petroleum.

Investors Business Daily

Kuwait’s Al-Zour refinery delayed over technical glitch, CEO says

Kuwait Petroleum Corporation CEO says outlook for China’s oil consumption ‘encouraging’ despite headwinds.

Al Jazeera

Plibersek can’t say why Woodside gets a free pass to dodge petroleum tax

The PRRT hasn’t raised a dime yet, and reforms happen to exclude a major project from Australia’s biggest liquid natural gas producer.

Crikey

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Bangkok Post

Chevron, PTTEP granted licences in Gulf

The Department of Mineral Fuels has awarded petroleum exploration and production licences to Chevron Offshore Thailand and PTT Exploration and Production Plc (PTTEP), as part of efforts to increase gas supply from the Gulf of Thailand and reduce power bills over the long term.

The Hindu

Fuel outlets in T.N. to accept ₹2,000 notes till RBI deadline

The Tamil Nadu Petroleum Dealers Association (TNPDA) has urged customers not to believe messages on social media that fuel outlets are accepting ₹2,000 denomination notes only if motorists refuel for that value

My Imperfect Life

TikTokers are using Vaseline on their lashes for a natural lengthened look—but is it safe for your eyes?

Natural makeup lovers are ditching their mascaras for Vaseline eyelashes—but we've asked the experts if it's *actually* safe...

The Guardian - AU

Morning Mail: Greens send warning over petroleum tax, period poverty bites, Russia moves nukes

Government accused of bending to gas lobby; women struggling to afford period products; Russia moves nuclear warheads to Belarus

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The Guardian - AU

Labor can’t count on Greens support for petroleum resource rent tax, warns Adam Bandt

Exclusive: Party leader says the reform is ‘weak’ and ‘not worth the napkin it was written on’, accusing government of bending to gas lobby

The Independent UK

Revealed: The top global performers in the E2E International 100

The E2E International 100 features the 100 fastest-growing companies in the UK, who have made their mark in the international marketplace. Now, in association with The Independent, E2E reveal the companies that are topping this prestigious list as Prax Petroleum Limited, Argent Energy Limited and OS Phoenix Holdco Limited.

The Hindu

Do not turn away customers who pay using ₹2000 notes: Consortium of Indian Petroleum Dealers

The Consortium of Indian Petroleum Dealers (CIPD), a body representing over 60,000 fuel outlets across the country, has urged dealers not to turn away customers who pay using ₹2,000 notes and, instead, handle them on a case-by-case basis to avoid complaints

France 24

Nigeria opens Africa's biggest oil refinery in drive to self-sufficiency

Nigeria has opened an oil plant billed as Africa's largest refinery. Outgoing President Muhammadu Buhari inaugurated the new facility in Lagos, calling it a "game-changer". With a capacity of 650,000 barrels a day, the $19 billion plant built by Aliko Dangote – Africa's wealthiest man – could help Nigeria's drive…

The Independent UK

China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka

Chinese petroleum giant Sinopec has signed an agreement with Sri Lanka to enter its retail fuel market

The Independent UK

Nigeria opens Africa’s biggest oil refinery as it tries to boost struggling sector

Nigerian President Muhammadu Buhari has opened Africa’s biggest oil refinery, with hopes it will help the country achieve self-sufficiency and become a net exporter of refined petroleum products

The Hindu

Territorial Army resumes fuel and LPG supplies in Manipur

The Territorial Army (TA) stepped in and took control of oil installations in Manipur which were not operational, and augmented manpower where there is a shortage to ensure supplies of essential petroleum and oil products

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