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The Latest Breaking News from Petroleum

8 genius household uses for petroleum jelly you need to know about – from fixing squeaky doors and removing rust, to making painter easier and more

This marvel in a pot has some surprisingly great uses around the home

Homes & Gardens

Malaysian billionaire tycoon Ananda Krishnan dies at age 86

Ananda Krishnan, one of Malaysia’s richest tycoons with a vast business empire including telecommunications, media, petroleum and real estate, has died

The Independent UK

What the Options Market Tells Us About Occidental Petroleum

Whales with a lot of money to spend have taken a noticeably bullish stance on Occidental Petroleum.

Benzinga

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Marathon Petroleum Stock: Analyst Estimates & Ratings

Although Marathon Petroleum has lagged behind the broader market over the past year, analysts maintain a moderately positive outlook for the stock's future prospects.

Barchart

Traders Are Flocking Back to Oil: What’s Fueling the Optimism

Oil prices have started to break out of their channel in recent quarters, making traders flock back into the momentum. Three ways show up to play this

MarketBeat

Alaska political leaders hope to see Trump undo restrictions on oil drilling

Political leaders in Alaska have welcomed President-elect Donald Trump's pledges to expand oil production

The Independent UK

Occidental Petroleum Hits New Low: Will Buffett Take the Bait?

Occidental Petroleum's share price hits a new low and maybe the bait this market needs to get re-engaged. Cash flow is robust, and debt is falling.

MarketBeat

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Fiat Is Selling Hybrids that Run on Ethanol

Hybrids have a long history that goes back to 1901 with Ferdinand Porsche's Loehner-Porsche "Mixte." However, it wasn’t until the 1990s that the technology gained traction, fueled by the launch of the original Prius. Most hybrids have gas engines but some from Mercedes use diesels. Peugeot was the first to introduce…

Motor1

Big oil firms knew of dire effects of fossil fuels as early as 1950s, memos show

Newly unearthed documents contain warning from head of Air Pollution Foundation, founded in 1953 by oil interests

The Guardian - US

Warren Buffett's Favorite Energy Stock Delivers Earnings Beat; Cuts Debt

Occidental Petroleum reported third-quarter earnings and revenue late Tuesday.

Investors Business Daily

Four out of five people in Africa use wood for cooking: a transition to clean fuels would cut emissions and save lives, a model for Nigeria shows

Four in every five people in Africa cook using wood, charcoal and other polluting fuels in open fires or inefficient stoves. This releases harmful pollutants and leads to respiratory illnesses and heart disease, particularly among children.

The Conversation

Trump’s promise to unravel Biden's climate policies could take years to fulfill

The president-elect has pledged to weaken air pollution regulations, reverse efforts to slow climate change and continue to boost oil and gas production.

The Texas Tribune

Do Wall Street Analysts Like Occidental Petroleum Stock?

While Occidental Petroleum has trailed the broader market over the past year, analysts still hold a moderately bullish outlook on its prospects.

Barchart

'Drill, Baby, Drill': Trump Policy Poses Risks, Opportunities For Oil Industry

Donald Trump's election as US president brings back a champion of the oil industry to the White House, but experts warn that his push for low prices could be at odds with petroleum companies' priorities.

International Business Times

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The Independent UK

Trump claims Pennsylvania has 500K fracking jobs - in reality, the figure is a tenth of that

Researcher says ‘fracking is not a major driver of employment in Pennsylvania and Appalachia’

Barchart

What to Expect From Occidental Petroleum's Q3 2024 Earnings Report

Occidental Petroleum is all set to release its third-quarter earnings next month, and analysts expect a double-digit profit dip.

Barchart

Marathon Petroleum Earnings Preview: What to Expect

Marathon Petroleum is poised to announce its third-quarter results next month, and analysts predict a double-digit decline in the company’s bottom-line figure.

Fortune

Kellogg is under fire for using artificial food dyes. Here’s how they may affect your health and where else to find them

Synthetic food colorings, made from petroleum and other chemicals, have been linked to various health issues.

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Newcastle Herald

Company behind PEP11 gas project says it has been recommended for approval

Company says its offshore gas project has got tick of approval.

Barchart

Grab This Warren Buffett Dividend Stock While It's Cheap

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

France 24

Victims of toxic waste dump in Ivory Coast still seeking justice

It's an environmental tragedy with ongoing consequences in Ivory Coast. Back in 2006, the company Trafigura wanted to get rid of 500 cubic metres of toxic waste from the refining of petroleum products stored on its cargo ship Probo Koala. After three countries refused the ship, it finally unloaded its…

International Business Times

US Buys 6 Million Barrels Of Oil For Strategic Petroleum Reserve

The government is trying to replenish the sale of 180 million barrels from the reserve in 2022.

USAFacts

Is the US a bigger oil importer or exporter?

The US has been a net exporter of oil and petroleum products since late August 2021.

Barchart

Down 13% YTD, Should You Buy the Dip in This Warren Buffett Energy Stock?

Occidental Petroleum is an oil and gas stock that is also part of Warren Buffett's equity portfolio. Trading at a cheap valuation, is OXY a good stock to own right now?

The Conversation

South Africa’s move to green energy was slowed down by government to protect coal mining

South Africa’s Department of Mineral Resources and Energy was split in two after the 2024 general elections: Electricity and Energy and Mineral and Petroleum Resources. Part of the reason was to prevent conflicts of interest. Before the 2024 elections, the transition to renewable energy was at odds with the development…

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