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The Latest Breaking News from Petroleum

Tar balls are being found 100 miles downstream from Yellowstone River train derailment

Tar balls have shown up 100 miles downstream of a railroad bridge collapse last month that sent numerous tank cars carrying petroleum products plummeting into Montana’s Yellowstone River,

The Independent UK

Kenya braces for 3 days of anti-gov’t protests: All the details

The latest round of anti-government protests in Kenya has been scheduled after tax hikes add to soaring cost of living.

Al Jazeera

Prince Andrew ‘asked Epstein for help with £150m oil deal during New York trip’

Epstein passed request on to his personal banker while prince stayed at his Manhattan mansion in 2010

The Independent UK

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Kochi-Salem LPG pipeline to run alongside NH544

Most of the Kochi-Salem Liquefied Petroleum Gas (LPG) pipeline in Tamil Nadu will run along National Highway 544 (NH544) that runs between these two locations.

The Hindu

4 Reasons to Expect Higher Energy Prices in the Second Half of 2023

The energy sector includes the traditional commodities that power the world. Oil, natural gas, and coal are hydrocarbons, while ethanol is an alternative fuel. The energy sector edged marginally lower in Q2 2023 but remained the worst-performing commodity market sector over the first half of 2023.

Barchart

Caribbean leaders seeking discounted oil criticize US sanctions against Venezuela

Caribbean leaders are denouncing U.S. economic sanctions against oil-rich Venezuela and say they’ve been forced to buy costlier petroleum elsewhere as they struggle with tight budgets

The Independent UK

OPEC meeting kicks off with benchmark oil prices under pressure

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European…

France 24

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Refill supplies to HPCL cooking gas users hit

Cooking gas refill supplies to customers of Hindustan Petroleum Corporation Ltd (HPCL) are taking more time than usual with the national oil marketing company modernising its ERP platform.

The Hindu

Pure petrofiction: why writers will keep drilling for stories about oil

From tales of ‘hissing’ oilmen to ‘crying’ trees, novels about petroleum and its devastating effect on communities and the environment are powerful fiction for our times – with the potential for prophecy

The Guardian - UK

Can Gasoline Make A Move During the Driving Season?

With the July 4 holiday on the horizon, the 2023 vacation season is underway. Travel during school and work vacations peaks, and so does the demand for fuel. Gasoline remains the energy commodity that powers most cars.

Barchart

PM Modi holds stocktaking meet on Manipur with senior Ministers

Prime Minister Narendra Modi on June 26, 2023 chaired a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Urban Affairs and Petroleum Minister Hardeep Singh Puri

The Hindu

Prime Minister Narendra Modi meets thought leaders in Egypt

Prime Minister Narendra Modi on June 24 met prominent personalities in Egypt, including Hassan Allam, CEO of one of the largest Egyptian companies operating in the Middle East and North African region, and Tarek Heggy, a renowned author and petroleum strategist.

The Hindu

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

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Bangkok Post

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

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.

The Hindu

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 Independent UK

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

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The Hindu

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

Barchart

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

The Hindu

The discovery of petroleum jelly

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

Reuters

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.

Investors Business Daily

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.

Al Jazeera

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.

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