The Latest Breaking News on Petroleum

U.S. imposes sanction against Indian petrochemical company for ‘clandestine’ Iran oil purchases

Move by U.S. is first such action against Indian company, comes day after EAM Jaishankar U.S. visit

The Hindu

Washington Imposes New Sanctions on Iran’s Petroleum Sales

The United States on Thursday imposed sanctions on companies it accused of involvement in Iran's petrochemical and petroleum trade, pressuring…

Asharq Al-Awsat

Biden administration readies new sanctions targeting Iran’s oil exports

Biden led US administration is ready to impose fresh sanctions of Iran's oil exports in order to pressure Tehran to…

Livemint

Read news from The Economist, FT, Bloomberg and more, in one place.

US sanctions India-based petrochemical company over Iran connections

The United States has announced a fresh round of sanctions for an international network of companies involved in selling Iranian…

Livemint

Saudi Economic Resilience to Increase 60% by 2030

A recent study by the King Abdullah Petroleum Studies and Research Center (KAPSARC) concluded that Saudi Arabia’s gross domestic product…

Asharq Al-Awsat

IOCL inks long-term crude oil deals with Petrobras, Ecopetrol

India has signed these long-term contracts as part of efforts to diversify its energy basket by importing crude oil from…

Livemint

Looking At Occidental Petroleum's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Occidental Petroleum (NYSE:OXY). And retail traders…

Benzinga

LIC buys over 2% stake in BPCL for nearly Rs 1,598 crore

NEW DELHI: LIC has acquired over a 2 per cent stake in state-owned refiner Bharat Petroleum Corporation Ltd (BPCL) for…

The Times of India

Fitch affirms rating on Bharat Petroleum at ‘BBB-’; outlook stable

Fitch expects BPCL to generate gross marketing losses in FY23, as oil marketing companies bear the largest burden of surging…

Livemint

Read news from The Economist, FT, Bloomberg and more, in one place.

Small and marginal oil & gas cos seek exemption from windfall tax

The Association for Discovered Small Filed Operators has further requested the Centre to notify clarification on exemption of crude petroleum…

Livemint

The Release and Refill of The Strategic Petroleum Reserve

The Strategic Petroleum Reserve, built to alleviate domestic supply shortages, has been depleted by about 27% in less than a…

The Street

APSRTC encouraging ‘competitive bidding’ in fuel purchase

A few dealers allege that there is more to it than meets the eye

The Hindu

Smuggling of petroleum products rampant in districts bordering Karnataka, alleges BJP

Party wants APSRTC to buy fuel directly from refining companies

The Hindu

From analysis to the latest developments in health, read the most diverse news in one place.

Nigeria is producing less and less oil. Here's why

Nigeria’s oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per…

The Conversation

Surging sales of large gasoline pickups and SUVs are undermining carbon reductions from electric cars

Replacing petroleum fuels with electricity is crucial for curbing climate change because it cuts carbon dioxide emissions from transportation –…

The Conversation

Marathon Petroleum Whale Trades Spotted

Someone with a lot of money to spend has taken a bearish stance on Marathon Petroleum (NYSE:MPC). And retail traders…

Benzinga

Air India, AirAsia India and Vistara sign MoU with CSIR-IIP for sustainable aviation fuel development

MUMBAI: Tata group-owned airlines Air India, AirAsia India and Vistara (Tata SIA Airlines) have signed a Memorandum of Understanding with…

The Times of India

India mineral production slips 3.3% in July

Coal production stood at 603 lakh tonne in July, while lignite output was at 33 lakh tonne. Natural gas (utilised)…

Livemint

Qld-South Korea signs $20bn green ammonia deal

Queensland will export more than one million tonnes of green ammonia to South Korea annually by 2032 as three of…

InnovationAus

From analysis to the latest developments in health, read the most diverse news in one place.

Pakistan: Petrol prices near ₹240 per litre after latest revision

The Pakistani government said the increase in prices of petroleum products is due to the fluctuating global oil prices and…

Livemint

Prima Marine earmarks B4.37bn to buy new vessels

SET-listed Prima Marine, an operator of marine transport and storage of crude oil and petroleum products, plans to allocate 4.37…

Bangkok Post

Hertz to buy some 175,000 GM EVs through 2027

New York (AFP) - US rental car giant Hertz will buy up to 175,000 electric vehicles from General Motors by…

AFP

Petroleum dealers in Kerala call off September 23 protest plan

Thiruvananthapuram

The Hindu

Egypt to Link Oil Refining System into Unified Digitally Managed Network

Egypt’s oil refining system is being linked into a unified network through the Egyptian General Petroleum Corporation (EGPC) that will…

Asharq Al-Awsat

OCA talks with Cambodia set to resume

Talks on the overlapping claim area (OCA) between Thailand and Cambodia to jointly benefit from the petroleum business there are…

Bangkok Post