The Latest Breaking News from Petroleum

US restricts China from accessing its Strategic Petroleum Reserve, impacting global oil trade dynamics.

Gasoline is a seasonal fuel, falling in winter and rising in spring and summer. The recent price action in crude oil, turmoil in the Middle East, the U.S. election, and the low level of the U.S. Strategic Petroleum Reserve are reasons gasoline prices could soar over the coming months.

Occidental Petroleum reported Q4 results and outlined its Permian Basin spending plans. Warren Buffett kept buying the stock in Q4.

As has been the case in previous years, LCR has gone for a split approach with its MotoGP liveries in 2024, with one of its two satellite Honda R213Vs sporting the colours of Castrol and the other bike carrying the backing of Japanese petroleum company Idemitsu.

As has been the case in previous years, LCR has gone for a split approach with its MotoGP liveries in 2024, with one of its two Honda R213Vs sporting the colours of Castrol and the other bike carrying the backing of Japanese petroleum company Idemitsu.

Discover how Occidental Petroleum exceeded profit expectations by increasing production, highlighting their ongoing success in the oil and gas industry.

With expectations of an oil supply shortage and a multi-billion-dollar acquisition on the cards, does energy giant Occidental Petroleum (OXY) deserve a place in your portfolio prior to its fourth-quarter earnings release? Let’s look at its financial metrics to know more….

Geopolitical tensions and economic uncertainties present considerable potential to drive oil prices higher. Therefore, one could capitalize on this by investing in robust energy stocks HF Sinclair (DINO), CVR Energy (CVI), and REX American Resources (REX) for solid returns. Read on.

As geopolitical tensions escalate and demand surges alongside production slowdowns, oil prices are reaching boiling point. In this volatile environment, loading up the shares of three energy companies favored by Wall Street, Marathon Petroleum Corp (MPC), Weatherford International (WFRD), and Geospace Technologies (GEOS), might be a wise move. Read more….