The Latest Breaking News from Petroleum

In support of the stability of the global oil markets, and the enhancement of the balance between supply and demand, the member of the Organization of Petroleum Exporting Countries (OPEC) and the producing countries within the OPEC+ have decided to implement a voluntary reduction of crude oil production. Experts described…

Petroleum and oil marketing companies reduced the price of Commercial LPG cylinders by Rs 91.50 per unit with immediate effect from Saturday. Read further on Dynamite News:

Syrian President Bashar al-Assad has appointed a new oil minister and changed four other ministers in a cabinet reshuffle, state media said on Wednesday. Hassan Kaddour, who was the general director of the Syrian Petroleum Company for the last two years, replaces Bassam Touma as oil minister, the report said.…

California Gov. Gavin Newsom is planning to sign a new law that could penalize oil companies for making too much money

Warren Buffett bolstered his stake in one of his favorite energy plays.

California lawmakers on Monday approved Gov. Gavin Newsom's legislation to increase transparency in the oil industry, in the final hours of a special session he called last year to penalize excessive profits.

The Palang Pracharath Party (PPRP) has pledged to lower the price of liquefied petroleum gas (LPG) to 250 baht per tank if it can form a government after the next election.

A Canada Pacific train derailed on Sunday night, affecting 31 of its 70 cars, and spilling petroleum used to make asphalt

Despite rising recessionary fears, strong global energy demand and constrained supplies should drive the energy sector’s growth this year. Hence, fundamentally sound energy stocks Marathon Petroleum (MPC), PrimeEnergy Resources (PNRG), and Epsilon Energy (EPSN) could be ideal investments. On the contrary, avoiding struggling energy stocks Camber Energy (CEI) and NextDecade…