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The Latest Breaking News from Petroleum

People are using Vaseline on their fridge to beat the heatwave — here's why it makes more sense than you think

How a beauty staple can improve the efficiency of your fridge in a heatwave and stop your food from spoiling.

Tom’s Guide

What Are Wall Street Analysts' Target Price for Occidental Petroleum Stock?

Occidental Petroleum has lagged behind the broader market over the past year, and Wall Street analysts maintain a cautious outlook on the stock’s prospects.

Barchart

Trump’s tariff bullying: Why India must stand its ground

Donald Trump’s chaotic act continues. His latest move: slapping a 25 percent tariff and a penalty on Indian goods exports to the United States.It’s vintage Trump – unapologetic – designed to get the other side, in this case India, to surrender to his demands. He is like a kid in…

Newslaundry

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Crews work to contain petroleum spill in Washington after tanker truck accident

Cleanup crews are working to contain petroleum that leaked from a tanker truck that crashed and flipped upside down on Washington’s Olympic Peninsula, spilling fuel into a tributary of a river that was recently restored for salmon runs

The Independent UK

Cleaner cooking could save 4.7 million lives in Africa by 2040, IEA says

Getting homes in Africa to stop burning wood, charcoal or dung to feed fires for cooking and use liquefied petroleum gas (LPG), bioethanol and biogas could prevent 4.7 million premature deaths between now and 2040, according to a report published on Friday by the International Energy Agency (IEA).

Radio France Internationale

Occidental Petroleum Earnings Preview: What to Expect

Occidental Petroleum will release its second-quarter earnings next month, and analysts anticipate a double-digit profit dip.

Barchart

Earnings Preview: What to Expect From Marathon Petroleum's Report

Marathon Petroleum is expected to release its fiscal second-quarter earnings next month, and analysts project a double-digit profit drop.

Barchart

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Why Occidental's Price Dip Signals a Buying Opportunity

Occidental Petroleum's stock price seems disconnected from its operational success, financial discipline, and leadership in new carbon capture technologies.

MarketBeat

What’s at risk for Arctic wildlife if Trump expands oil drilling in the fragile National Petroleum Reserve-Alaska

The largest tract of public land in the United States is a wild expanse of tundra and wetlands stretching across nearly 23 million acres of northern Alaska. It’s called the National Petroleum Reserve in Alaska, but despite its industrial-sounding name, the National Petroleum Reserve-Alaska, or NPR-A, is much more than…

The Conversation

Drilling For Water In Venezuela's Parched Oil Town

In Venezuela's oil capital of Maracaibo, a drilling frenzy has led to dozens of new wells -- but the valuable liquid being pumped out is just water, not petroleum.

International Business Times

Jim Cramer Just Revealed 1 Oil Stock He Actually Wants To Own

On CNBC's “Mad Money Lightning Round,” Jim Cramer said he likes Marathon Petroleum Corporation (NYSE:MPC) “very, very much,” adding that it is one of the few stocks in that group that he actually wants to own.

Benzinga

Occidental Petroleum Stock Is Slipping Tuesday: What's Going On?

Occidental Petroleum Corp (NYSE:OXY) shares are trading lower as oil prices fall Tuesday amid Iran-Israel ceasefire efforts.

Benzinga

Turkey is stepping up its influence in west Africa – what’s behind its bid for soft power

Turkey is stepping up its influence in west Africa as the geopolitical and economic landscape in the region shifts. In Senegal, the state-owned Turkish Petroleum Corporation has entered a key partnership in the oil and gas sector. Meanwhile, Karpowership, a company providing electricity via floating power plants, now supplies energy…

The Conversation

The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it

About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids consumption.

Fortune

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Benzinga

Occidental Petroleum, Exxon Mobil, Chevron Surge In Monday Pre-Market: What's Going On?

Occidental Petroleum Corp (NYSE:OXY), Exxon Mobil Corp (NYSE:XOM) and Chevron Corp (NYSE:CVX) climbed 1.95%, 1.53% and 1.31% during Monday pre-market trading session after oil prices have skyrocketed to their highest point since January, sparking concerns about potential supply disruptions.

The Texas Tribune

Texas creating task forces to target Permian Basin oil field thefts

Texas lawmakers passed a suite of bills that officials said are crucial to combat losses in the state’s largest oil field.

Barchart

Warren Buffett Loves This Cheap Dividend Stock and So Do Company Insiders

With Warren Buffett’s Berkshire Hathaway holding over 28% of its shares and company insiders also buying in, Occidental Petroleum is a cheap energy stock with strong fundamentals.

The Independent UK

US appeals court refuses to vacate Biden approval of Alaska's Willow oil project

A federal appeals court panel has refused to vacate the approval of the massive Willow oil project on Alaska’s petroleum-rich North Slope

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The Conversation

Rosebank oilfield: why more UK oil means more global emissions

The UK government will soon face a momentous decision over whether to approve production in the Rosebank oilfield off the coast of Shetland.

MarketBeat

A Large Oil Supply Draw Could Mean Upside in These 3 Energy Names

As the United States draws oil inventory by the largest amount since December 2024, there could be bottlenecks sending oil prices higher.

Barchart

Is Occidental Petroleum Stock Underperforming the Nasdaq?

Due to Occidental Petroleum's weak performance relative to the broader Nasdaq Composite over the past year, Wall Street analysts remain cautious about the stock’s prospects.

Barchart

Is Marathon Petroleum Stock Underperforming the S&P 500?

Marathon Petroleum has underperformed the S&P 500 over the past year, but analysts are moderately optimistic about the stock’s prospects.

The Guardian - US

Trump officials open up millions of acres in Alaska to drilling and mining

Doug Burgum says Biden order that banned drilling in 23m-acre National Petroleum Reserve-Alaska will be reversed

The Independent UK

Canada’s wildfires may impact gas prices: here’s how

Patrick De Haan, head of petroleum analysis at GasBuddy, told The Independent that if Canada’s oil production shutdown continues, “it could be a bit more problematic to [U.S.] refineries and it could be more impactful.”

The Guardian - AU

Woodside toxic spill near Ningaloo Reef world heritage area under investigation

Estimated 16,000 litres of petroleum products spilled into Indian ocean on 8 May during decommissioning works at Griffin field

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