The Latest Breaking News from Petroleum

Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday. Read further on Dynamite News:

On Monday Berkshire Hathaway filed with the SEC it had purchased more shares in Occidental Petroleum. It now has about 23.6% of the oil and gas company. What does he see in the company?

California Gov. Gavin Newsom is planning to sign a new law that could penalize oil companies for making too much money

Warren Buffett bolstered his stake in one of his favorite energy plays.

California lawmakers on Monday approved Gov. Gavin Newsom's legislation to increase transparency in the oil industry, in the final hours of a special session he called last year to penalize excessive profits.

The Palang Pracharath Party (PPRP) has pledged to lower the price of liquefied petroleum gas (LPG) to 250 baht per tank if it can form a government after the next election.

A Canada Pacific train derailed on Sunday night, affecting 31 of its 70 cars, and spilling petroleum used to make asphalt

Despite rising recessionary fears, strong global energy demand and constrained supplies should drive the energy sector’s growth this year. Hence, fundamentally sound energy stocks Marathon Petroleum (MPC), PrimeEnergy Resources (PNRG), and Epsilon Energy (EPSN) could be ideal investments. On the contrary, avoiding struggling energy stocks Camber Energy (CEI) and NextDecade…

A state official says the Willow oil project on Alaska’s petroleum-rich North Slope is part of a “new era” of development in the region but isn’t a sure thing