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The Latest Breaking News from Petroleum

Book Gas Cylinder on WhatsApp? It’s Easier Than You Think

You call the gas agency and the line is busy. You try again and again. Minutes turn into frustration, and a simple task starts feeling exhausting. But what if booking your LPG cylinder didn’t need calls, waiting, or stress at all? What if it could happen in seconds right from…

MyLifeXP

Occidental Petroleum Stock May Be at a Peak - Time to Sell OXY Covered Calls?

Occidental Petroleum stock closed up 1.5% on Friday and has risen 23% since the end of February. Even if it's not a peak, it might make sense to sell OXY covered calls, given its high out-of-the-money call premiums.

Barchart

Iran's Hormuz toll booth points toward an L-shaped price plateau, not the V-shaped recovery traders want

True market clarity will emerge only when we shift our focus from fleeting financial reactions to the physical engineering realities that power the globe.

Fortune

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read the most diverse news in one place.

India Increases Commercial LPG Allocation Amid Middle East Energy Crisis

As the ongoing conflict in the Middle East continues to disrupt global energy supplies, the Indian government has stepped up efforts to ensure industrial fuel availability. The Ministry of Petroleum and Natural Gas has directed states to increase commercial LPG allocation from 50% to 70% of pre-crisis levels.

Whats Hot

Could this energy crisis be worse for the global economy than COVID?

Despite reports of negotiations between the US and the Iranian regime, the Strait of Hormuz remains effectively closed to most oil tankers, with only a small number of vessels being allowed to pass. The result is a loss of roughly 11 million barrels per day (mbd) of oil and petroleum…

The Conversation

Switch to PNG in 3 Months or Lose LPG Supply: Govt Rule Explained

A kitchen rule that once felt unthinkable is now suddenly real. The government has said that if a household does not shift to piped natural gas, or PNG, even after the connection is available, LPG supply to that address can stop after three months. The move is not just about…

Times Life

As the Oil Shock Sends Energy Stocks Soaring, Buy These 3 Now

Oil prices spike on ongoing war concerns, sending energy stocks into rally mode. However, a long-term outlook is vital.

Barchart

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This is how the 1970s oil shock played out. There are lessons for the economy today

On October 6 1973, the Yom Kippur War – mainly involving Egypt, Syria and Israel –triggered one of the biggest energy crises of the 20th century. Eleven days later, several Arab members of the Organization of the Petroleum Exporting Countries (OPEC) announced they would stop selling oil to countries supporting…

The Conversation

The anatomy of a protest: Why workers across refineries in India are striking work?

For the last four years, around 8 am every morning, including Sundays, thousands of men dressed in navy blue and orange overalls, yellow hard-hats and boots have queued up outside the gates leading to the ‘P-25 Project’ site. Hired by private contractors, they work at an intense pace to construct…

Newslaundry

Seven charts that reveal how unprepared Australia was for the fuel crisis

Disruptions to Middle East oil shipments have rippled along the world’s longest supply chain through Asia – and there’s no knowing when the pressure will ease

The Guardian - AU

Over 400 million barrels will be added to the oil market soon – what are strategic reserves and what can they do?

In the second week of the Iran war – with the Strait of Hormuz effectively closed, cutting off shipping of 20% of the world’s oil supply – the International Energy Agency announced the largest release of strategic oil reserves in history. Thirty-two countries will sell a combined 412 million barrels…

The Conversation

Trump on Iran: ‘I’m not putting troops anywhere’ but ‘If I were, I certainly wouldn’t tell you’

Oil prices have spiked following multiple attacks on petroleum infrastructure by Iran and Israel

The Independent UK

‘Waiting for days’: India feels impact of gas supply chain disruption amid Iran conflict

People struggle to cook and businesses bear brunt as closure of strait of Hormuz slows imports of liquefied petroleum gas

The Guardian - UK

First lease sale in Alaska petroleum reserve in years draws strong interest despite pending lawsuits

The first oil and gas lease sale held in years in the National Petroleum Reserve-Alaska has been touted by officials as the strongest to date

The Independent UK

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Latin Times

Ruben Gallego Wants Energy Department To Elaborate On Its Oil Reserve Release Plan

Last week, the DOE announced a plan to release 172 million barrels of oil as part of a broader planned release of 400 million barrels from various member governments of the International Energy Agency.

The Independent UK

Video report: Iran war triggers energy crisis in India

In India, a deepening liquefied petroleum gas (LPG) shortage is forcing vendors to abandon gas and return to coal, highlighting a sudden energy crisis on the ground, The Independent’s Namita Singh reports from New Delhi.

The Mary Sue

‘Native is lying to you’: Virginia esthetician sees Native body wash ad. Then she says the brand is fearmongering

Look at the ingredient list of any cosmetic, and you’re likely to see a lot of words you don’t recognize.

Axios

How the Iran war is also unleashing an economic world war

The war is creating a crisis abroad that governments and businesses are scrambling to manage.

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The Times of India

Watch: Fire erupts again at Fujairah port in UAE, harbour suspends oil loadings

Fujairah port in the UAE experienced a drone attack, igniting a fire at a petroleum facility. While emergency teams quickly contained the blaze with no reported injuries, oil loadings were suspended. This marks a recent escalation in attacks on the vital oil hub, underscoring regional tensions and the port's critical…

Times Pets

How to Keep Your Dog Cool in Hot Weather

Hot weather poses serious risks for dogs, as they lack efficient sweat glands and rely mostly on panting to cool down. In India’s scorching summers, especially in places like Bhopal where temperatures often exceed 40°C, even short outdoor time can lead to heat exhaustion or stroke. Flat faced breeds like…

MyLifeXP

Why Govt Suddenly Stopped LPG Refills for PNG Homes

For many Indian families, a cooking gas cylinder is part of daily life. You book a refill, the delivery arrives, and the kitchen keeps running smoothly. But now, a new rule has quietly changed that routine. The government has announced that households with Piped Natural Gas connections can no longer…

The Times of India

Another fire hits Gulf energy infrastructure: Sharjah petroleum storage blaze ignites security fears amid Iran vs US-Israel war

A fire at a petroleum storage facility in Sharjah's Sajaa Industrial Area was brought under control late Saturday night. Emergency services responded swiftly to contain the blaze, believed to have been triggered by a tank leak. No casualties were reported but the incident highlights regional security concerns surrounding energy infrastructure.

MyLifeXP

Why Iran Suddenly Allowed Indian LPG Ships Through Hormuz

Sometimes the biggest global crises are solved quietly. No headlines. No dramatic announcements. Just a few urgent phone calls between world leaders. But behind those conversations, decisions are made that affect millions of everyday lives. Recently, something similar happened when Iran allowed two Indian LPG carriers to pass through the…

MyLifeXP

Why LPG Shortages Could Affect PNG Users Too

Cooking gas is something most households rarely think about until a shortage suddenly appears in the news. When discussions about Liquefied Petroleum Gas shortages begin, many people assume only cylinder users will be affected. But the reality is more complicated. In cities, millions of homes now rely on Piped Natural…

Fortune

The war in Iran has caused the biggest oil supply disruption in history, energy watchdog says, and a swift end to the conflict might not change that

The war’s global energy consequences could ripple far beyond its eventual end-date.

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