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The Latest Breaking News from Petroleum

A Look At Occidental Petroleum After Warren Buffett's Berkshire Hathaway Ups Interest In Stock

Occidental Petroleum Corporation (NYSE: OXY) opened lower on Monday after a big bullish day on Friday saw the stock rally almost 10% off Thursday’s closing price.

Benzinga

Buffett Is a Buyer of Occidental. Here's Why You Should Too

Warren Buffett's Berkshire Hathaway is a buyer of Occidental Petroleum. Here's why the charts point to more potential upside.

The Street

Trial run of Indian Oil Corporation Ltd.’s Asanur terminal to begin in a month

It will supply fuel to Villupuram, Cuddalore, Perambalur and Puducherry

The Hindu

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Warren Buffett Is Betting Big On Occidental Petroleum, But Analyst Sees 'Better Options Elsewhere'

Shares of Occidental Petroleum Corporation (NYSE: OXY) jumped on Friday on news Berkshire Hathaway Inc (NYSE: BRK-A) (NYSE: BRK-B) and billionaire CEO <

Benzinga

Chevron eyeing potential in Ubon field

Chevron Thailand Exploration and Production Co is conducting a joint study on ways to reduce costs during the development of the offshore Ubon petroleum field in the Gulf of Thailand, which has the potential to become a new oil source.

Bangkok Post

Experts forecast resumption of overlapping claim area talks

Energy experts say Thailand and Cambodia will resume talks to settle their dispute on an overlapping claim area (OCA) in order to jointly benefit from a new petroleum source and relieve the impact of energy price fluctuations.

Bangkok Post

Road Transport and Highways sector has maximum number of delayed projects: government report

In the Road Transport and Highways sector, 300 out of 825 projects are delayed. In railways, 119 out of 173 projects and in petroleum, 90 out of 142 projects are delayed, as per the latest flash report on infrastructure projects for June 2022

The Hindu

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Dow Jones Futures Fall As Market Retreat Gains Steam; Elon Musk Makes This FSD Move

Futures fell sharply as the market rally pulls back. Elon Musk will hike Tesla FSD prices. Warren Buffett stock Occidental Petroleum surged Friday.

Investors Business Daily

Buffett Receives OK to More Than Double Occidental Petroleum Stake

Berkshire Hathaway plans to raise its stake in Occidental Petroleum to 50% of the company's shares.

The Street

Which Energy Stock Is the Best Buy Right Now?

Leading oil and gas company Marathon Petroleum (MPC) reported solid second-quarter results. Shares of MPC have gained in doubt digits year-to-date. Higher price realizations and substantial market demand should bode well for the energy company. Thus, we think MPC is an ideal investment now. Read on to know more….

StockNews.com

Occidental Petroleum Whale Trades For August 16

Someone with a lot of money to spend has taken a bullish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Today in Supreme Court History: August 16, 1933

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Reason

Buffett Remains Bullish On Oil, Adds to Chevron, Occidental Stakes

Warren Buffett remains bullish on oil prices and the energy industry, adding to Berkshire Hathaway's stakes of oil major Chevron CVX and Occidental Petroleum OXY during the second quarter. The Oracle of Omaha's conglomerate Berkshire Hathaway BRK.A also increased its ...

The Street

Total methane emissions have declined since 1991, but methane emissions from livestock are up

The Inflation Reduction Act aims to reduce emissions from agriculture and natural gas systems , the top two sources of methane emissions

USAFacts

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The Guardian - AU

Scott Morrison accused of ‘bias’ in blocking Pep-11 gas permit using extraordinary ministerial powers

PM alleged to have ‘predetermined’ application after project was blocked despite recommendation to the contrary by national petroleum administrator

Bangkok Post

SPRC details oil spill payouts in Rayong

Star Petroleum Refining Plc (SPRC) has reportedly paid about 90% of due compensation, worth 299 million baht, for two crude oil leaks in Rayong at the start of the year.

Benzinga

Occidental Petroleum Whale Trades For August 10

Bangkok Post

SPRC faces B39m suit over oil spill

RAYONG: Restaurant and hotel entrepreneurs at Mae Ramphueng beach and Koh Samet yesterday filed a lawsuit against Star Petroleum Refining Public Co Ltd (SPRC) to demand 38.8 million baht in compensation for recent oil spills that have harmed the area.

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The Hindu

Oil industry associations worried over CPCL being told to restrict production

The 10.5 million tonne refinery is crucial to maintaining petrol, diesel and liquefied petroleum gas (LPG) supplies in Tamil Nadu

Investors Business Daily

Warren Buffett Continues To Add OXY Stock, But Is It A Buy Or A Sell Right Now?

Warren Buffett owns nearly 20% of Occidental Petroleum after a July buying spree. But is it a good investment?

Benzinga

Over $390 Million Bet On Occidental Petroleum? 4 Stocks Insiders Are Buying

Although US stocks closed mixed on Monday, there were a few notable insider trades.

Asharq Al-Awsat

Apache Seeks to Pump New Investments in Egypt

US corporation Apache is scheduled to pump more investments in its concession areas in the Western Desert, announced Egypt's Petroleum and Mineral Resources Ministry. The move aims to improve the productivity of aging wells, intensify research and exploration activities and make new discoveries in light of the significant results of…

StockNews.com

4 Energy Stocks You Shouldn’t Ditch Just Yet

Oil prices have declined significantly from their highs earlier this year. However, with supply expected to remain short of demand in the near term, analysts expect Brent crude to average above the $100 mark. Hence, we think it might not be wise to exit fundamentally strong energy stocks Valero Energy…

The Hindu

Parliamentary proceedings | Profit of oil companies increased manifold: Centre tells Rajya Sabha

LPG price increased only by 41.5% while Saudi Contract Price had increased by 207% from 2020 to 2022: Minister

The Hindu

CPCL asked to cut down production as odour persists in north Chennai

The Chennai Petroleum Corporation Ltd. has been asked by the Tamil Nadu Pollution Control Board to cut its output to 75% of its capacity

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