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The Latest Breaking News from Petroleum

Refinery fires, other chemical disasters may no longer get safety investigations

When fire erupted at the Intercontinental Terminals Co. bulk liquid petroleum storage terminal, large plumes of dark smoke billowed into the clear skies over Deer Park, Texas. Despite the efforts of site staff and local firefighters, more than 70 million gallons of petroleum products burned or were otherwise released into…

The Conversation

Warren Buffett Just Give Occidental Petroleum a HUGE $10 Billion Boost. Should You Buy OXY Stock Here?

Buffett’s $9.7B OxyChem deal trims Occidental’s debt, but investors question if losing steady cash flow leaves OXY too oil-dependent.

Barchart

Buffett's $9.7B OxyChem Deal Months Before Retirement Safeguards His Sinking Oxy Common Stock Position

Warren Buffett's Berkshire acquired Occidental Petroleum's petrochem business in a $9.7 billion cash deal, which will help Oxy lower its debt and repair its balance sheet, expected to help Buffett's common stock position, which is underwater.

International Business Times UK

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Soundhound AI, Ionq, Occidental, Ondas Holdings And Tesla: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market finished higher on Thursday, as the Dow Jones Industrial Average edged up nearly 0.2% to 46,519.72, the SP 500 added 0.06% to 6,715.35, and the Nasdaq climbed about 0.4% to 22,844.05.These are the top stocks that gained the attention of retail traders and investors through the…

Benzinga

Berkshire Hathaway Just Made a Huge Bet on Occidental Petroleum. Does That Make OXY Stock a Buy?

Occidental Petroleum stock sinks as Berkshire Hathaway confirms its $9.7 billion buyout of OxyChem. Here’s why the OXY share price decline on Thursday is worth buying.

Barchart

Warren Buffett Just Played Both Sides Of $9.7 Billion Berkshire Hathaway Deal

Buffett's cash infusion will allow OXY to reward him with stock buybacks.

Investors Business Daily

Warren Buffet’s last big deal? Berkshire Hathaway to buy chemicals firm for $9.7 billion

The deal could signal a passing of the torch from Buffet to Berkshire Vice Chair Greg Abel, who will become CEO in January

The Independent UK

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Lithium Americas, Nike, Pfizer, CoreWeave And Occidental Petroleum: Why These 5 Stocks Are On Investors' Radars Today

The U.S. stock market brushed aside worries over a potential government shutdown and advanced on Tuesday. The Dow Jones Industrial Average gained nearly 0.2% to 46,397.89, the SP 500 climbed about 0.4% to 6,688.46, and the Nasdaq rose 0.3% to 22,660.These are the top stocks that gained the attention of…

Benzinga

Trump brags of ‘massive’ oil deal in Pakistan – but drilling has not found any

Announcement of deal baffles experts and former ministers, who say there is no sign of any untapped reserves

The Guardian - UK

Stocks Flashing Renewed Technical Strength: Marathon Petroleum

Marathon Petroleum sees its Relative Strength Rating hit the 80-plus level.

Investors Business Daily

This Tiny Engine Fits In a Briefcase. But It Could Boost Your EV's Range by Hundreds of Miles

Despite a significant focus on electric vehicles by much of the industry, combustion engines are proving hard to kill. Companies are still pouring billions into development, and Horse Powertrain, the Romanian company behind the engine that runs on liquified petroleum gas, has another new engine that can turn an EV…

Motor1

Is Marathon Petroleum Stock Outperforming the Nasdaq?

While Marathon Petroleum has outperformed the Nasdaq on a YTD basis, analysts remain cautiously optimistic about the stock’s prospects.

Barchart

India is selling Russian oil products to EU at record rate before ban kicks in

From January new EU sanctions will prohibit the import of petroleum products refined from Russian oil in third countries

The Independent UK

Is Occidental Petroleum Stock Underperforming the Dow?

With Occidental lagging behind the Dow Jones Industrial Average over the past year, Wall Street appears cautious about its prospects.

Barchart

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Motor1

This Innovative Hybrid Engine Runs on Gas and Liquified Petroleum

A major innovation in the automotive world comes from Romania: production has begun on the world's first, mass-produced liquified petroleum gas (LPG) direct-injection engine. Signing off on this first is Horse Technologies, a company specializing in the development of low-emission propulsion systems, which was born out of a joint venture…

The Conversation

How can Western countries back up Palestine recognition with action? Here are 4 ways to pressure Israel

Italian Defence Minister Guido Crosetto said recently the Israeli cabinet has “lost its reason and humanity” in Gaza, reflecting a widespread view around the world.

Capital & Main

There’s a ‘Lake’ of Oil Under L.A.’s Soon-to-Close Refinery. Who’s Going to Clean It Up?

Climate policies could lead to future refinery closures as Californians transition to electric vehicles.

Motorsport

Diogo Moreira to join Honda ahead of 2026 MotoGP debut

Moto2 title contender Diogo Moreira could replace Somkiat Chantra at LCR in a long-term Honda deal with factory status

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Autosport

Moreira set to join Honda ahead of MotoGP debut in 2026

The Moto2 title contender is expected to replace Somkiat Chantra at LCR in a long-term Honda deal with factory status

Barchart

Are Wall Street Analysts Bullish on Marathon Petroleum Stock?

Marathon Petroleum has underperformed the broader market over the past year, but analysts are moderately optimistic about the stock’s prospects.

Barchart

Are Crude Oil Prices Going Much Lower?

Nearby NYMEX crude oil prices fell to the 2025 low of $55.12 per barrel in April, following the U.S. announcement of unprecedented tariffs on its trading partners worldwide. However, the turmoil in the Middle East lifted the price to $78.40 in late June, after which it ran out of upside…

Benzinga

Buffett's Stealthy Stock Picks: Occidental Petroleum And The Oracle's Quiet Wins

Warren Buffett, the Oracle of Omaha, is the master of the sly stock grab, quietly amassing stakes in undervalued companies while the market naps. His recent moves, like boosting Berkshire Hathaway Inc's (NYSE:BRK) (NYSE:BRK) holdings in Occidental Petroleum Corp (NYSE:OXY) and VeriSign Inc (NASDAQ:VRSN), prove he's still got a nose…

Tom’s Guide

People are using Vaseline on their fridge to beat the heatwave — here's why it makes more sense than you think

How a beauty staple can improve the efficiency of your fridge in a heatwave and stop your food from spoiling.

Barchart

What Are Wall Street Analysts' Target Price for Occidental Petroleum Stock?

Occidental Petroleum has lagged behind the broader market over the past year, and Wall Street analysts maintain a cautious outlook on the stock’s prospects.

Newslaundry

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

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