The Latest Breaking News from Petroleum

Despite declining oil prices and increased productivity, gas stations have managed to keep gas prices high--as is traditional. Furthermore, because seasonal gasoline demand is estimated to soar, we think it could be wise to bet on quality oil & gas industry stocks Marathon Petroleum (MPC) and Valero Energy (VLO). Let’s…

Sweetpea Petroleum, a company awarded $7.5 million of taxpayer money under a Coalition government program subsidising exploration wells in the Beetaloo Basin, could be found in contempt of the Senate for failing to appear at a federal Senate inquiry into the grants program.

Hydration hack, incoming.

Chief Ministers of States ruled by BJP rivals decry PM’s words, lay accounts on table

Centre adopts ‘step–motherly’ attitude towards the Opposition–ruled States, she says

The Biden administration reversed a Trump administration plan that allowed the government to lease more than two-thirds of the country’s largest swath of public land to oil and gas drilling, writes CNBC. The Bureau of Land Management’s decision will shrink the amount of land available for lease in the National Petroleum Reserve in…

A whale with a lot of money to spend has taken a noticeably bearish stance on Occidental Petroleum. Looking at options history for Occidental Petroleum (NYSE:OXY) we detected 25 strange trades.

A Nigerian oil official says as many as 100 people may have died in an explosion at an illegal oil refinery in southeastern Nigeria

An explosion at an illegal oil refining depot in Nigeria's Rivers state killed over 100 people overnight, a local government official and the NGO Youths and Environmental Advocacy Centre (YEAC) said on Saturday. "The fire outbreak occurred at an illegal bunkering site and it affected over 100 people who were…