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The Latest Breaking News from Petroleum

SPR drawdown might not be enough for consumers, Democrats say

President Donald Trump’s decision to draw crude oil from the Strategic Petroleum Reserve received little criticism on Capitol Hill Thursday, although Democrats expressed reservations that it would not do much to insulate Americans from global price volatility resulting from the war in Iran. Senate Energy and Natural Resources ranking member…

Roll Call

A plan to get more electricity to West Texas may come undone

Oil and gas companies have said the region needs more power. Environmentalists and a conservative think tank worry the state is moving too fast — and ratepayers will see the costs in their bills.

The Texas Tribune

Oil price tops $100 again as Iran strikes economic targets across Middle East

Vast release of emergency crude reserves fails to quell mounting fears about supply crunch, rattling markets

The Guardian - UK

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India rations cooking gas as Strait of Hormuz tensions choke supplies

Cooking gas shortages are already forcing eateries to close as industry bodies warn of widespread economic damage in a country that imports the bulk of its oil and gas. Namita Singh reports

The Independent UK

Saudi Aramco CEO issues stark warning: Iran war could bring ‘catastrophic’ shock to global oil

The world’s biggest oil exporter says reopening Middle East energy routes is critical as Trump claims the conflict may soon end.

Fortune

Limited menus, closures: Iran conflict hits Indian hotels as LPG shortage spreads

Patrons in Bengaluru and Chennai walked into eateries on Tuesday, March 10, only to see some of their favourite dishes missing, smaller menus and talks of closure in a few days. The looming shortage of commercial Liquefied Petroleum Gas (LPG) supply in the face of the war against Iran by…

Newslaundry

Trump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full

Since the beginning of Trump’s second term, the strategic oil reserve has grown only 5%.

Fortune

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Rising pump prices draw calls to action from Democrats

As oil prices rise in the wake of U.S. military operations in Iran, Senate Democrats have begun calling for a solution to the increasing costs. Senate Minority Leader Charles E. Schumer, in a Sunday post on X, called on President Donald Trump to draw down oil from the Strategic Petroleum…

Roll Call

Iran war sends shockwaves through African fuel market and economies

Rising global oil prices triggered by the Iran war are increasing economic pressures across Africa, where most countries rely heavily on imported petroleum products

The Independent UK

As oil prices soar, Trump is downplaying the need to tap into US reserves

Oil prices have soared in the week since the U.S. and Israel went to war with Iran

The Independent UK

Pakistan left with 26 days of fuel, may impose work-from-home as Strait of Hormuz crisis deepens

Pakistan is implementing major measures to ensure fuel stability amid trade slowdown due to the Strait of Hormuz closure. Proposals include weekly price revisions, compensation for increased oil company costs, and fuel conservation. The country is exploring alternative import routes and has substantial existing fuel stocks.

The Times of India

Persian Gulf desalination plants could become military targets in regional war

Saudi Arabia, the United Arab Emirates and neighboring countries in the Persian Gulf region use the fossil fuels under their desert lands not only to make money, but also to make drinking water. The petroleum they produce powers more than 400 desalination plants, which turn seawater into drinkable water.

The Conversation

Chaos & Crude: 3 Energy Stocks Built to Thrive in This Market

The global footprints of Exxon Mobil and Chevron offer stability, while a strategic reset and strong backing position Occidental Petroleum for upside.

MarketBeat

Marathon Petroleum Stock: Is MPC Outperforming the Energy Sector?

Marathon Petroleum has outpaced the broader energy sector over the past year and analysts are fairly bullish about its future prospects.

Barchart

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Barchart

How Is Occidental Petroleum's Stock Performance Compared to Other Oil & Gas E&P Stocks?

Due to Occidental Petroleum’s underperformance compared to its peers over the past year, Wall Street analysts remain cautious about the stock’s prospects.

The Independent UK

US moves to legally control tanker and 2M barrels of oil seized off Venezuela's coast in December

The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December

The Independent UK

Lawsuits challenge renewed push for oil drilling in Alaska petroleum reserve and upcoming lease sale

Conservation organizations and an Iñupiat group have filed legal challenges to the Trump administration’s renewed push for oil and gas development in the National Petroleum Reserve-Alaska and an upcoming lease sale

Barchart

Are Wall Street Analysts Predicting Marathon Petroleum Stock Will Climb or Sink?

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

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Barchart

Option Volatility And Earnings Report For February 16 - 20

Earnings season is starting to slow down now, which may come as a welcome relief for some. However, we do still have some important companies due to report with Walmart, Alibaba, Newmont Mining, Medtronic, Palo Alto Networks, DoorDash and Occidental Petroleum all set to report.

Newslaundry

What did we learn from Hardeep Puri’s media blitz?

Through the day yesterday, Petroleum and Natural Gas Minister Hardeep Puri has been given the chance to hop from one channel to the other explaining how he’s smelling of roses on the whole Epstein thing. Quite literally.

Barchart

OXY Earnings Play: Using Puts to Get Paid While You Wait

Selling put options before a company's earnings announcement can be a valid strategy for options traders seeking to capitalize on higher than normal volatility.

The Conversation

If Australia and Indonesia agreed to end new thermal coal mines, it could drive the green transition.

In the 1960s, major oil-producing nations formed a cartel to drive up the price of oil. It worked. For decades, nations in the Organization of the Petroleum Exporting Countries (OPEC) have agreed to manage supply and raise prices.

Times Pets

These Smells Snakes Fear and Instantly Run Away From

Snakes do not hear the world the way we do. They do not see expressions or understand fear on a human face. What they understand deeply is smell. Their sense of smell is not limited to their nose. It is powered by their tongue. Every flick of that tongue pulls…

MarketBeat

Marathon Petroleum Company Is Ready to Sprint Higher

Marathon Petroleum is on track for accelerated capital return in 2026 as margin health and operational quality drive cash flow.

Fortune

New ‘Project Vault’ critical minerals stockpile is ‘first step of many’ needed for U.S. to break China’s supply chain chokehold

The new stockpile plans are compared the the 50-year-old Strategic Petroleum Reserve, created in response to the 1973 Arab oil embargo.

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