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The Latest Breaking News from Petroleum

OPEC meeting kicks off with benchmark oil prices under pressure

In spite of an agreement struck in April to cut production of crude by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, oil prices still haven't seen a boost. In this edition, we see that concerns over global economic growth are outweighing the production cuts. Also, European…

France 24

Refill supplies to HPCL cooking gas users hit

Cooking gas refill supplies to customers of Hindustan Petroleum Corporation Ltd (HPCL) are taking more time than usual with the national oil marketing company modernising its ERP platform.

The Hindu

Pure petrofiction: why writers will keep drilling for stories about oil

From tales of ‘hissing’ oilmen to ‘crying’ trees, novels about petroleum and its devastating effect on communities and the environment are powerful fiction for our times – with the potential for prophecy

The Guardian - UK

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Can Gasoline Make A Move During the Driving Season?

With the July 4 holiday on the horizon, the 2023 vacation season is underway. Travel during school and work vacations peaks, and so does the demand for fuel. Gasoline remains the energy commodity that powers most cars.

Barchart

PM Modi holds stocktaking meet on Manipur with senior Ministers

Prime Minister Narendra Modi on June 26, 2023 chaired a meeting with Home Minister Amit Shah, Finance Minister Nirmala Sitharaman and Urban Affairs and Petroleum Minister Hardeep Singh Puri

The Hindu

Prime Minister Narendra Modi meets thought leaders in Egypt

Prime Minister Narendra Modi on June 24 met prominent personalities in Egypt, including Hassan Allam, CEO of one of the largest Egyptian companies operating in the Middle East and North African region, and Tarek Heggy, a renowned author and petroleum strategist.

The Hindu

Cheap Russian oil fuels India’s response to Ukraine war

The West expected India to turn its back on Russia, but a look at the numbers shows that expectation never seemed realistic or likely.

360info

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CITU leader removed from post for buying luxury car

The Communist Party of India (Marxist) [CPI(M)] has removed P.K. Anil Kumar from the post of general secretary of the Kerala Petroleum and Gas Workers’ Union, affiliated to the Centre of Indian Trade Unions (CITU), following a probe into the purchase of a high-end luxury car for his son.

The Hindu

WP Energy revenue set to rise by 9.4%

WP Energy Plc, Thailand's second-largest liquefied petroleum gas (LPG) trader by sales volume, expects revenue to increase by 9.4% to 17 billion baht this year, up from 15.5 billion baht in 2022, though the government's LPG price subsidy is scheduled to expire at the end of this month.

Bangkok Post

Chevron eyes greater Thai gas production

Chevron Thailand Exploration and Production wants to increase domestic gas supply to allow the government be less dependent on costly liquefied natural gas (LNG) imports, with the company ramping up petroleum production in the Gulf of Thailand.

Bangkok Post

Petroleum Minister Hardeep Singh Puri comments on reducing petroleum prices at BJP headquarters

To questions on whether a reduction in oil prices was under consideration, Union Petroleum Minister Hardeep Singh Puri said he was not in a position to make an announcement on the issue.

The Hindu

US company signs agreement to enter retail fuel market in crisis-hit Sri Lanka

A U.S. petroleum company has signed an agreement with Sri Lanka allowing it to import and sell fuel in the country as the Indian Ocean nation grapples with an economic and energy crisis

The Independent UK

Indane asks customers to switch to ‘stylish and safe’ composite cylinders

In an effort to make the more stylish and safer composite liquefied petroleum gas (LPG) cylinders more popular among consumers, Indane has begun a campaign to text customers in the State

The Hindu

No Surprise as OPEC+ Trims Production

OPEC, the international oil cartel, meets twice yearly in a formal gathering in Vienna, Austria. The members convene to debate and decide on petroleum production policy for the coming months to balance supply and demand at a price that delivers the most attractive return for oil-producing countries and traditional energy…

Barchart

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Barchart

OPEC+ -- No Surprise as the Cartel Trims Production

The Hindu

The discovery of petroleum jelly

On June 4, 1872, American chemist Robert Chesebrough was granted a patent titled “Improvement in products from petroleum”.

Reuters

Exclusive-Russia's Taman port set to suspend LPG exports over drone danger

Russia's Black Sea port of Taman is poised to suspend exports of highly-explosive liquefied petroleum gas (LPG) because of concerns linked to drone attacks, three sources with knowledge of the situation told Reuters on Friday.

Investors Business Daily

Warren Buffett Is Buying More Occidental Petroleum Stock As Oil Prices Near 2023 Lows

Warren Buffett bought 4.66 million OXY shares for about $275 million over May 25-30. Berkshire Hathaway now owns 24.9% Occidental Petroleum.

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Al Jazeera

Kuwait’s Al-Zour refinery delayed over technical glitch, CEO says

Kuwait Petroleum Corporation CEO says outlook for China’s oil consumption ‘encouraging’ despite headwinds.

Bangkok Post

Chevron, PTTEP granted licences in Gulf

The Department of Mineral Fuels has awarded petroleum exploration and production licences to Chevron Offshore Thailand and PTT Exploration and Production Plc (PTTEP), as part of efforts to increase gas supply from the Gulf of Thailand and reduce power bills over the long term.

The Hindu

Fuel outlets in T.N. to accept ₹2,000 notes till RBI deadline

The Tamil Nadu Petroleum Dealers Association (TNPDA) has urged customers not to believe messages on social media that fuel outlets are accepting ₹2,000 denomination notes only if motorists refuel for that value

My Imperfect Life

TikTokers are using Vaseline on their lashes for a natural lengthened look—but is it safe for your eyes?

Natural makeup lovers are ditching their mascaras for Vaseline eyelashes—but we've asked the experts if it's *actually* safe...

The Guardian - AU

Morning Mail: Greens send warning over petroleum tax, period poverty bites, Russia moves nukes

Government accused of bending to gas lobby; women struggling to afford period products; Russia moves nuclear warheads to Belarus

The Guardian - AU

Labor can’t count on Greens support for petroleum resource rent tax, warns Adam Bandt

Exclusive: Party leader says the reform is ‘weak’ and ‘not worth the napkin it was written on’, accusing government of bending to gas lobby

The Independent UK

Revealed: The top global performers in the E2E International 100

The E2E International 100 features the 100 fastest-growing companies in the UK, who have made their mark in the international marketplace. Now, in association with The Independent, E2E reveal the companies that are topping this prestigious list as Prax Petroleum Limited, Argent Energy Limited and OS Phoenix Holdco Limited.

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