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The Latest Breaking News from Petroleum

SET-listed Siam Gas and Petrochemical (SGP), Thailand's second-largest liquefied petroleum gas (LPG) trader by volume, expects its 2022 sales to increase towards pre-pandemic levels, partly due to pre-orders and the improving Covid-19 situation.

Bangkok Post

LPG Price: Commercial cooking gas cylinder price cut by Rs 135 from June 1

The price for a commercial LPG cylinder has been reduced by Rs 135 with immediate effect from today. With the latest reduction, a 19-kg commercial Liquefied petroleum gas (LPG) cylinder in Delhi will now cost Rs 2219. Read more on Dynamite News:

Dynamite News

This Is What Whales Are Betting On Occidental Petroleum

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

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12 Analysts Have This to Say About Occidental Petroleum

Analysts have provided the following ratings for Occidental Petroleum (NYSE:OXY) within the last quarter:

Benzinga

Andhra Pradesh: Petroleum dealers stop purchasing fuel

VIZIANAGARAM

The Hindu

Iraq Proposes Clean Energy Investments to BP, Total

Iraq’s Oil Minister Ihsan Abdul Jabbar held talks in London and Paris with the chief executive officers of the British Petroleum company and France’s Total and officials from the French ministries of economy and energy. He proposed new plans to invest in the oil, gas and clean energy sectors, a…

Asharq Al-Awsat

The big picture: the pursuit of happiness in Playland, California

Between work as a petroleum engineer and a clinical psychologist, photographer Chauncey Hare documented suburban life in the US

The Guardian - UK

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Petrol pump dealers in TS not to lift stocks on May 31

‘No Purchase’ protest in support of higher commission, voicing concern at losses when Excise duty is cut

The Hindu

If You Invested $1000 In Marathon Petroleum 10 Years Ago, Here's How Much You Would Have Today

Marathon Petroleum (NYSE:MPC) has outperformed the market over the past 10 years by 6.57% on an annualized basis producing an average annual return of 17.98%. Currently, Marathon Petroleum has a market capitalization of $52.71 billion.

Benzinga

Marine Petroleum Trust's Ex-Dividend Date Is Friday, Here's What You Need To Know

Thursday marks the last chance for investors to receive the next dividend payout from Marine Petroleum Trust (NASDAQ:MARPS).

Benzinga

India to be the leader of green hydrogen: Puri in Davos

India is moving faster than any other country towards a green transition, Petroleum Minister says at Davos

The Hindu

Piper Sandler Maintains Neutral Rating for Marathon Petroleum: Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of Marathon Petroleum (NYSE:MPC) and raise its price target from $96.00 to $106.00. Shares of Marathon Petroleum are trading up 2.15% over the last 24 hours, at $98.64 per share.

Benzinga

Whiting Petroleum's Return On Capital Employed Overview

Benzinga Pro data, Whiting Petroleum (NYSE:WLL) reported Q1 sales of $526.86 million. Earnings fell to a loss of $37.43 million, resulting in a 112.81% decrease from last quarter.

Benzinga

Better Buy: Imperial Petroleum vs. Centennial Resource Development

In this article I will analyze and compare Imperial Petroleum vs. Centennial Resource Development to determine which oil & gas stock is currently a better investment.

StockNews.com

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Los Angeles Times

California oil regulator confirms methane leak at idle oil wells in Bakersfield

LOS ANGELES — California regulators have confirmed a methane gas leak at a pair of idle oil wells near a residential neighborhood in Bakersfield, raising the concerns of local environmental groups who fear the problem might be more widespread.

The Hindu

Pressure building on CM to reduce sales tax on petrol, diesel

No discussion on reduction of KST on petroleum products has taken place so far

The Hindu

Petroleum dealers write to Centre asking not to restrict fuel supplies

Jude Mathew of the Tamil Nadu Independent Vehicle Owners Association said that such guidelines would only lead to a shortage in fuel supplies and disruption in services.

Benzinga

Looking Into Berry Petroleum's Return On Capital Employed

Benzinga Pro data, Berry Petroleum (NASDAQ:BRY) reported Q1 sales of $94.08 million. Earnings fell to a loss of $56.81 million, resulting in a 743.74% decrease from last quarter.

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Benzinga

5 Value Stocks To Watch In The Energy Sector

Understanding Value Stocks

Benzinga

Peering Into Marathon Petroleum's Recent Short Interest

Marathon Petroleum's (NYSE:MPC) short percent of float has risen 11.11% since its last report. The company recently reported that it has 16.18 million shares sold short, which is 2.9% of all regular shares that are available for trading.

Al Jazeera

In East Timor, president-elect confronts thorny addiction to oil

Nobel laureate Jose Ramos-Horta will be inaugurated on Friday as his country eyes new oil and gas development.

Dynamite News

Domestic LPG prices hiked again, rates cross ₹1,000-mark; check new rates

The prices of liquified petroleum gas (LPG) were increased by Rs 3.50 on Thursday. Read further on Dynamite News:

AAP

Woodside shareholders back BHP oil merger

Woodside shareholders have backed the company's merger with BHP's petroleum arm, creating a new global heavyweight.

Chicago Sun-Times

Oil tax revenues in New Mexico, other states spotlight a dependence on fossil-fuel taxes

Their budgets might be rich for now with petroleum cash. But, if tackling climate change cuts into that, will they tax residents more — or reduce public services?

Benzinga

Q1 13F Roundup: How Buffett, Einhorn, Ackman And Others Adjusted Their Portfolios

The latest round of 13F filings from institutional investors is out, revealing to the world the stocks that some of the richest and most successful investors have been buying and selling.

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