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The Latest Breaking News from Petroleum

Refiners led by Exxon face Biden’s wrath as profits explode

Exxon Mobil Corp., Marathon Petroleum Corp. and the other top U.S. oil refiners are on course to reap a combined $10 billion in profits this quarter even as U.S. President Joe Biden lambastes the industry for closing plants.

Tribune News Service

Cooking gas price to rise slowly

The Energy Policy Administration Committee (Epac) has decided to have the price of liquefied petroleum gas (LPG), which is used as household cooking gas, gradually increase over the next three months.

Bangkok Post

Enough stocks available, say oil firms

Advise customers not to resort to panic buying

The Hindu

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Here's How Much You Would Have Made Owning Marathon Petroleum Stock In The Last 10 Years

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 6.85% on an annualized basis producing an average annual return of 17.52%. Currently, Marathon Petroleum has a market capitalization of $55.54 billion.

Benzinga

Why Shares Of Imperial Petroleum Are Trading Lower Today

Shares of small-cap penny stock Imperial Petroleum Inc. (NASDAQ: IMPP) shares are trading lower after the company reported first-quarter 2022 earnings results.

Benzinga

3 Buffett Stocks to Buy on the Dip

Warren Buffett’s strategic investment decisions have been a guide for retail inventors for decades. And we think investors should consider buying the dip in these fundamentally solid stocks from his portfolio, Apple (AAPL), Amazon.com (AMZN), and Occidental Petroleum (OXY) now.

StockNews.com

What 13 Analyst Ratings Have To Say About Marathon Petroleum

Within the last quarter, Marathon Petroleum (NYSE:MPC) has observed the following analyst ratings:

Benzinga

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What Are Whales Doing With Occidental Petroleum

A whale with a lot of money to spend has taken a noticeably bullish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 18 strange trades.

Benzinga

Wholesale price inflation jumps to 30-year high of 15.88% in May

NEW DELHI: India's wholesale price inflation (WPI) climbed 15.88% in May from year ago levels, staying in double-digits for the 14th straight month.

The Times of India

Check Out What Whales Are Doing With MPC

Someone with a lot of money to spend has taken a bearish stance on Marathon Petroleum (NYSE:MPC). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Egypt's Suez Canal Extends Rebates for LNG, LPG Carriers Until End-2022

Egypt's Suez Canal has extended rebates on canal tolls for liquefied petroleum gas (LPG) and liquefied natural gas (LNG) carriers from July until the end of the year, the canal authority said in circulars published on its website. LPG tankers operating between the American Gulf and ports west of India,…

Asharq Al-Awsat

Egypt to Set Up New Area for Crude Oil Storage South of Cairo

Egypt plans to set up new area for crude oil storage in El-Tebbin, south of Cairo, the petroleum ministry said in a statement on Sunday. The project, with an estimated cost of 1.8 billion Egyptian pounds ($96.21 million), aims to receive crude from Ain Sokhna terminal on the red sea…

Asharq Al-Awsat

Iran says oil sales strong despite effect of Ukraine war

Iran’s petroleum ministry has said it won’t lose customers even as China buys more oil from Russia.

Al Jazeera

This Is What Whales Are Betting On Marathon Petroleum

A whale with a lot of money to spend has taken a noticeably bearish stance on Marathon Petroleum. Looking at options history for Marathon Petroleum (NYSE:MPC) we detected 21 strange trades.

Benzinga

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Benzinga

CNBC's Final Trades: Marathon Petroleum, HealthEquity, Cash And This Fast Food Major

On CNBC’s “Halftime Report Final Trades,” Joseph Terranova of Virtus Investment Partners said that Marathon Petroleum Corp (NYSE: MPC) is “the way to

Benzinga

Why Imperial Petroleum Shares Are Skyrocketing Today

Shares of small-cap penny stock Imperial Petroleum Inc (NASDAQ: IMPP) are trading higher by 37.08% at $0.81 on above-average volume as the stock trends across social media platforms.

Benzinga

Looking At Occidental Petroleum's Recent Whale Trades

Someone with a lot of money to spend has taken a bearish stance on Occidental Petroleum (NYSE:OXY). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Benzinga

Short Volatility Alert: China Petroleum & Chemical Corporation

On Tuesday, shares of China Petroleum & Chemical Corporation (NYSE: SNP) experienced volatile short activity. After the activity, the stock price went down -0.42% to $54.02. The overall sentiment for SNP has been Bullish.

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The Times of India

Exports rises 24.18% to $9.4 billion during June 1-7

NEW DELHI: The country's exports increased 24.18 per cent to $9.39 billion during June 1-7 on account of healthy growth in sectors like engineering, gems and jewellery and petroleum products, an official said.

Benzinga

Why Imperial Petroleum Shares Are Rising Today

Shares of small-cap penny stock Imperial Petroleum Inc (NASDAQ: IMPP) are trading higher by 8.74% at $0.59. Imperial Petroleum shares are trading higher on above-average volume as the stock trends across social media platforms.

Benzinga

Occidental Petroleum Earnings Perspective: Return On Invested Capital

According to Benzinga Pro, during Q1, Occidental Petroleum (NYSE:OXY) earned $4.88 billion, a 217.24% increase from the preceding quarter. Occidental Petroleum also posted a total of $8.53 billion in sales, a 6.53% increase since Q4.

The Hindu

Railway freight traffic from Kerala on the rise

Petroleum products, fertilizer, cement, and food items top the list

The Hindu

Bounce ties up with Bharat Petroleum to set-up battery swapping stations

Bounce Infinity ties up with has tied up with Bharat Petroleum to establish 3,000 battery swapping s

Radio France Internationale

Nigeria disturbed by acute fuel shortfalls

Motorists queuing for several hours at petrol pumps in the Nigerian capital, Abuja, has become the new normal after an acute scarcity in fuel earlier this year. In February, the government announced that bad fuel containing a high level of methanol was imported into the country by oil marketeers and…

Benzinga

$100 Invested In This Stock 20 Years Ago Would Be Worth $500 Today

Occidental Petroleum (NYSE:OXY) has outperformed the market over the past 20 years by 1.02% on an annualized basis producing an average annual return of 8.24%. Currently, Occidental Petroleum has a market capitalization of $65.81 billion.

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