The Latest Breaking News from Petroleum

Warren Buffett has taken a significant stake in Occidental Petroleum (OXY), a dividend-paying energy stock trading at a discount, with attractive valuation metrics and a steady dividend yield. OXY's strategic moves, debt reduction efforts, and expansion in the Permian Basin make it a potentially lucrative investment opportunity.

It's an environmental tragedy with ongoing consequences in Ivory Coast. Back in 2006, the company Trafigura wanted to get rid of 500 cubic metres of toxic waste from the refining of petroleum products stored on its cargo ship Probo Koala. After three countries refused the ship, it finally unloaded its…

Gasoline is a seasonal fuel, while heating oil is a proxy for other distillates, making it a more year-round oil product. As the markets move into the fall and winter seasons, gasoline demand will decline, but heating oil demand will remain steady.

Marathon Petroleum recently underperformed the Dow, but Wall Street analysts are moderately bullish about the stock’s prospects.

Occidental Petroleum has underperformed the broader energy sector over the past year. However, analysts are moderately bullish on the stock's potential.

Minister of State for Petroleum Resources Heineken Lokpobiri said the government wanted to make it clear it was not controlling petrol prices because the sector was deregulated, and added they were working hard to quickly resolve the situation, following which the prices will stabilize.

In 2023, 83% of energy consumption was from fossil fuels, 9% was from nuclear power, and 9% was from renewable energy.

Like the petroleum industry itself, households are heavily invested in existing transport technologies. Getting oil and gas companies – and consumers – to switch to zero-emissions transport is a huge challenge.

A $5 million prime-time ad campaign is aimed at climate policies the industry claims make life miserable for Californians.