The Latest Breaking News from Petroleum

BEIRUT — The spat between the United States and Saudi Arabia and its fellow OPEC members over the management of petroleum supplies intensified Thursday when Riyadh accused Washington of “politicizing oil” and declared it would not submit to “dictates” from supposedly friendly countries.

OPEC+ members recently announced their plan to cut output to support oil prices. With analysts expecting oil prices to hit the $100 mark once again, we think investors should load up on quality energy stocks TotalEnergies (TTE), Marathon Petroleum (MPC), Valero Energy (VLO), Energy Transfer (ET), and APA Corporation (APA).…

Many countries are counting on Norwegian fuel to get them through the winter months, writes Emily Rauhala. But critics call the energy income obscene

OPEC+ has announced a deep output cut from November, which should bolster prices. Moreover, analysts expect oil prices could reach the $125 mark in the near term amid supply cuts. Given this backdrop, we think investing in sound oil and gas stocks Marathon Petroleum (MPC), Valero Energy (VLO), and PBF…

NEW DELHI: The Centre will pay Rs 22,000 crore as a one-time grant to state-run fuel retailers to compensate them for keeping price of LPG — liquefied petroleum gas supplied as cooking fuel to households — in check in spite of a surge in the benchmark rates.

A whale with a lot of money to spend has taken a noticeably bearish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 21 strange trades.

The Cabinet on Wednesday approved the proposal of the ministry of petroleum and natural gas to give one-time grant of Rs22,000 crore to three state-run oil marketing companies (OMCs) for the losses incurred in domestic LPG business. Read further on Dynamite News:

NEW DELHI: The Union Cabinet on Wednesday announced a slew of decisions from providing a one-time grant to oil marketing companies, bonus to railway employees and few others, amid festival fervor in the country.

They took their time about it, but Iran’s oil workers seem finally to have joined the anti-regime protests. Videos on social media platforms reportedly show marches and demonstrations in Abadan and Assaluyeh, vital hubs in the country’s petroleum and petrochemicals sector.

Energy stocks have dipped along with the rest of the market as recession fears increase. However, the longer-term supply situation continues to be concerning especially with expectations that Russia's oil production will decline due to sanctions. Thus, investors should consider buying high-quality energy stocks like Valero (VLO), Occidental Petroleum (OXY),…

Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri on Saturday said that India is under no pressure to shun Russian oil. Read more on Dynamite News: