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The Latest Breaking News from Petroleum

Avalokit wins title at PSPB squash tourney

JAIPUR: Second seed Avalokit Singh (ONGC) defeated top-billed Lakshya Gwala 11-7,11-5, 11-8 to claim the fourth Petroleum Sports Promotion Board (PSPB) squash men's title at Rajasthan Squash Academy, SMS Stadium, here on Friday. Ali Hyder (NRL) and Visva Vardhan Bhati (OIL) bagged the bronze.

The Times of India

5 Top Energy Stocks to Buy Right Now

Despite the recent plunge in oil prices, the reopening of the Chinese economy and tight supplies appear beneficial for the energy market. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), PBF Energy (PBF), Unit Corp. (UNTC), and Epsilon Energy (EPSN) might be ideal buy-and-watch picks…

StockNews.com

3 Stocks That Are Screaming Buys in March

The Fed will likely go ahead with a smaller rate hike next week due to the bank insolvencies. However, the market is expected to remain under pressure as recession possibilities rise. In this scenario, it could be wise for investors to buy Marathon Petroleum (MPC), Centene (CNC), and Boyd Gaming…

StockNews.com

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Top Biden adviser says US won’t rush to fill petroleum reserve

WASHINGTON — The U.S. is committed to replenishing the Strategic Petroleum Reserve but won’t rush to do so immediately despite the recent decline in oil prices, a top Biden administration official said.

Tribune News Service

What's next for Alaska's Willow oil project? AP explains

The Biden administration’s approval this week of the largest new oil project in years on Alaska’s petroleum-rich North Slope has immediately been met by lawsuits seeking to stop the Willow project

The Independent UK

3 reasons the Willow Arctic oil drilling project was approved – it's the latest battle in a long fight over Alaska's North Slope

For more than six decades, Alaska’s North Slope has been a focus of intense controversy over oil development and wilderness protection, with no end in sight. Willow field, a 600-million-barrel, US$8 billion oil project recently approved by the Biden administration – to the outrage of environmental and climate activists –…

The Conversation

Alaska's Willow oil project is controversial. Here's why.

Supporters say a major oil project President Joe Biden is OK'ing on Alaska’s petroleum-rich North Slope represents an economic lifeline for Indigenous communities while environmentalists say it runs counter to his climate goals

The Independent UK

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As Biden weighs the Willow oil project, he blocks other Alaska drilling

The move to limit oil drilling in 16 million acres in Alaska and the Arctic Ocean comes as regulators prepare to decide on the Willow project, a controversial plan pushed by ConocoPhillips.

WEKU

Egypt, US Discuss Energy Security

Egypt’s Minister of Petroleum and Mineral Resources Tarek el-Molla held several meetings in Washington with some businessmen, research and academic institutions, officials of the Ministry of Energy, and members of the US Congress. The Minister said that his visit to the US aimed to discuss ways to enhance cooperation in…

Asharq Al-Awsat

PTTEP grabs 2 new licences in Gulf

PTT Exploration and Production Plc (PTTEP) was awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, a move that should pave the way for more domestic oil and gas supply to strengthen the country's energy security.

Bangkok Post

Gas industry lobbying hard against EU boiler phaseout, leaked emails suggest

Liquid petroleum gas firms want a directive to favour biofuels and hydrogen, to which they could pivot

The Guardian - UK

PTTEP wins 2 new licences in Gulf

PTT Exploration and Production Plc (PTTEP) has been awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, which should pave the way for more domestic oil and gas supply to strengthen the country’s energy security.

Bangkok Post

Sámi demonstrators end wind farm protest

Norway apologizes for its human rights violations, but intends to keep project operational

Salon

1 No-Brainer Momentum Stock to Buy This Week

Prominent energy stock Marathon Petroleum (MPC) is currently trading above its 50-day and 200-day moving averages. Moreover, given the analysts’ bullish sentiments about the stock, it could be a solid pick this week. Keep reading.

StockNews.com

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Asharq Al-Awsat

Saudi-Japanese Feasibility Study for Producing Clean Hydrogen for Local, Int’l Markets

Japan’s Marubeni Corp. has agreed to study clean hydrogen production in Saudi Arabia together with the Kingdom’s sovereign Public Investment Fund (PIF). Saudi Arabia, a leading oil-producing nation and a key player in the Organization of the Petroleum Exporting Countries, is looking to add other types of energy sources, including…

StockNews.com

MPC vs. CEI: Which Energy Stock Has the Potential to Fuel Better Returns?

The energy sector is well-positioned to witness considerable growth in the foreseeable future, driven by strong global energy demand amid recovering emerging markets such as China and constrained supplies. Energy producers and distributors Marathon Petroleum (MPC) and Camber Energy (CEI) should benefit from the tailwinds. But which of these stocks…

Asharq Al-Awsat

Egypt Hikes Gasoline Prices in Quarterly Review

Egypt raised domestic gasoline prices on Thursday in line with a commitment under a financial support package with the International Monetary Fund, while keeping the diesel price unchanged, the petroleum ministry said in a statement. The country's fuel pricing committee set the prices in a quarterly review, raising the price…

The Independent UK

Biden faces dilemma in fight over large Alaska oil project

The Biden administration is weighing approval of a major oil project on Alaska’s petroleum-rich North Slope that supporters say represents an economic lifeline for Indigenous communities but environmentalists say runs counter to President Joe Biden’s climate goals

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StockNews.com

4 Leading Energy Stocks to Buy in 2023 and Beyond

Regardless of the retreat in oil and gas from their peaks almost a year ago, resurgent global energy demand amid constrained supplies appears to be enduring tailwinds for U.S. energy producers. Hence, it could be wise to invest in fundamentally sound energy stocks, Marathon Petroleum (MPC), Berry Corporation (BRY), Unit…

Al Jazeera

Will China’s latest investment in Afghanistan actually work?

While a deal to extract oil has raised hopes in the war-torn nation, experts warn of China’s sketchy record.

Reuters

Abu Dhabi's IPIC and Aabar to pay Malaysia $1.8 billion to settle 1MDB dispute

Abu Dhabi's International Petroleum Investment Co (IPIC) and its unit Aabar Investments PJS have agreed to pay $1.8 billion to settle a legal dispute over the scandal at Malaysian state fund 1MDB, Malaysia's finance ministry said on Monday.

Dynamite News

Moody's affirms stable ratings outlook for oil firms IOCL, BPCL, and HPCL

Moody's Investors Service has kept the outlooks on the ratings for three-oil refining and marketing companies -- Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd. (HPCL) -- stable. Read further on Dynamite News:

StockNews.com

3 Energy Stocks to Buy for 2023 and Beyond

The energy sector remains buoyed on the backs of a tight supply due to geopolitical turmoil and rising demand due to China’s reopening. Therefore, investors could be wise to buy fundamentally strong energy stocks Marathon Petroleum (MPC), Valero Energy (VLO), and Unit Corporation (UNTC) as they look well-positioned for long-term…

Asharq Al-Awsat

Saudi Arabia Vows to Take Legal Action Against Unlicensed Energy Use

As Saudi Arabia continues to push for energy efficiency, rationalization of consumption, and adherence to sustainability standards, the Saudi Ministry of Energy vowed to hold accountable those who waste oil products, or transfer them to various facilities for the purpose of generating electric power without obtaining the necessary licenses. In…

Asharq Al-Awsat

IOGP Looks Forward to Working with OPEC to Ensure Global Energy Security

For three years now, energy security has been the most prevalent issue for the global economy. The world blames the high prices of oil and gas and accuses the sector of causing record-high inflation rates. Curbing high inflation requires increasing interest rates, which drags the global economy toward recession. Governments…

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