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RARE PHOTOS: 4 | Rare Historical Photos

Will using E20 petrol lead to insurance claim rejection? Here’s what govt says

The Ministry of Petroleum and Natural Gas has clarified E20 petrol use. Insurance claims cannot be rejected solely based on using E20 fuel. This statement addresses growing concerns and misinformation surrounding ethanol-blended fuel. The Ethanol Blending Programme has been scientifically validated and implemented with industry partners. No widespread engine issues…

The Economic Times

French climate lawsuit offers a window into the next round of the global legal fight

A recent decision by a French court requires a major European oil and gas company to report not only its own climate-warming emissions and those of its contractors but also those of its customers, who burn the oil and petroleum products the company sells.

The Conversation

Drones attack Iran's neighbours as Tehran appears to test Trump's latest pause

Saudi Arabia, Jordan, and Iraq reported drone attacks on Monday. Iran-backed militias launched drones from Iraq targeting Saudi petroleum sites. Houthi allies in Yemen also claimed attacks on Saudi oil transit sites. The United States had recently suspended its air strike campaign against Iran. This strategic shift occurred after military…

The Economic Times

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Refiner Stocks Are Near Record Highs—Can Iran-Driven Margins Keep Them There?

Amid intensifying Iran war disruptions and record crack spreads, Valero, Marathon Petroleum, and Phillips 66 shares have surged to all-time highs, backed by strong earnings, buybacks, and dividends.

MarketBeat

In 2007, scientists found giant underwater domes off California; the truth was stranger than anyone expected

Mysterious underwater domes off California were identified as ancient asphalt volcanoes. These formations originated from hardened crude oil and marine debris over centuries. The eruptions likely triggered methane releases and created vast ocean dead zones. However, these extinct structures provided rare hard habitats for deep-sea marine life. Scientists continue to…

The Economic Times

Oil Prices Are Surging and These 4 Stocks Are Cashing In

Rising oil prices tied to Iran tensions and surging AI-driven power demand are boosting Valero, Marathon Petroleum, GE Vernova and Ecovyst, analysts say, as refiners and grid suppliers convert scarcity into cash.

MarketBeat

Kuwait Signs $16 Billion Pipeline Deal With Blackstone, KKR, Brookfield Despite Rising Regional Tensions

Kuwait Petroleum Corp. (KPC) agreed to a $16 billion lease‑and‑leaseback deal with Blackstone Inc., KKR & Co. Inc. and Brookfield Asset Management Ltd. for its crude oil pipeline network, a landmark transaction struck amid rising regional tensions.

Benzinga

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Sunlight slowly damages solar panels; researchers think they have found a natural shield - a red onion

Solar power is growing fast across the US, but scientists say one hidden part of today's solar technology still depends on petroleum-based plastics. New research has revealed that red onion skins may offer a biodegradable alternative for UV protection in future solar-powered sensors and electronics. It's a small discovery with…

The Economic Times

Dharmendra Pradhan resigns amid NEET paper leak controversy: A look back at his four-decade political journey

Union Education Minister Dharmendra Pradhan resigned on Saturday following widespread protests. Youth-led demonstrations escalated due to alleged NEET examination irregularities and paper leaks. His resignation follows weeks of public outrage and student demonstrations nationwide. Pradhan cited the need to protect the country's youth interests and democratic integrity. This marks a…

The Economic Times

India to build Phase-II strategic oil reserves at Rs 14,527 cr under PPP model

India plans a second phase for its strategic petroleum reserves. This expansion will add 6.5 million tonnes of crude oil storage. Two new facilities will be established in Odisha and Karnataka. The government is also continuously assessing new sites for reserves. This initiative aims to strengthen national energy security and…

The Economic Times

5 Beauty Products That Were Originally Made For Something Completely Different

Have you ever wondered if the lipstick, moisturizer, or petroleum jelly sitting in your vanity was actually created for beauty at all? Many of the products we now associate with flawless skin and makeup routines were invented to solve completely unrelated problems. Some were designed for doctors, others for factory…

MyLifeXP

The way Australia taxes gas production is stuck in the past – this is why companies aren’t paying their fair share

Australian liquefied natural gas (LNG) exports peaked at just over A$90 billion in 2022-23 following Russia’s invasion of Ukraine, easing to $65 billion in 2024-25. That placed Australia third in value of LNG exports, behind the United States and Qatar.

The Conversation

Corn Rallying at Midday

Corn futures are trading with 7 to 9 cent gains at midday, with spillover support from wheat. The CmdtyView national average Cash Corn price is up 8 1/2 cents at $4.30 3/4. EIA’s weekly Petroleum Status Report showed ethanol production back up 54,000 bpd in the week of 7/17 after...

Barchart

Who Pays If E20 Fuel Damages Your Car? Explained

As E20 petrol becomes more common across India, many car owners are asking one important question: Who pays if something goes wrong? While the government says E20 is safe for compatible vehicles, some owners have reported concerns about mileage, wear and tear, and repair costs. This has created confusion over…

MyLifeXP

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International Business Times

America's Oil Safety Net Is Running Out, Giving China More Influence Over U.S. Gas Prices

As the U.S. Strategic Petroleum Reserve and global oil reserves dwindle, China's sway over energy markets and gas prices grows.

The Economic Times

Market Trading Guide: JK Cement among 2 stock recommendations for Wednesday

Markets traded in a volatile range amid Middle East tensions, elevated crude prices and weak financial stocks. Analysts expect earnings, oil prices, FII flows and geopolitics to drive sentiment, while recommending JK Cement and Chennai Petroleum after strong technical breakouts with bullish momentum.

Barchart

Here's What to Expect From Occidental Petroleum’s Next Earnings Report

Occidental Petroleum approaches Q2 earnings with high expectations, leaving investors eager to see what unfolds next.

The Economic Times

Bharatgas introduces Lite ZIP, a next-generation lightweight LPG cylinder, to expand to 100 cities by August 15

Bharat Petroleum Corporation Ltd has launched Bharatgas Lite ZIP for premium LPG customers. This new offering provides instant connections and express delivery services. The company plans to expand this service to 100 additional cities by August 2026. This launch follows a similar initiative by Hindustan Petroleum Corporation Ltd. These moves…

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The Times of India

Make America Manly Again (MAMA): MAGA toughies mope over declining machismo

TOI correspondent from Washington: MAGA mavericks are discovering the United States is coming up short in a vital national resource, and no, it isn't rare earth minerals, artificial intelligence, or strategic petroleum reserves. It is reproductive potency and testicular fortitude -- or more explicitly, testosterone and sperm count.

Fortune

Trump may have to choose between an endless quagmire and ceding the Strait of Hormuz to Iran

The global energy trade is likely changed forever by the outcome of the Iran war.

The Economic Times

Pakistan to revise oil prices daily amid renewed West Asia tensions

Pakistan fuel price: Pakistan will now adjust petroleum prices daily to manage oil price fluctuations. The government aims for greater transparency in fuel pricing decisions. This move follows criticism regarding delays in passing on lower fuel costs. Turkish Petroleum will begin oil and gas extraction in Pakistan soon. Petrol pump…

Bangkok Post

New oil rules to elevate output, energy security

The government is moving closer to approving new regulations that would allow petroleum production licences to be renewed multiple times, a significant shift aimed at strengthening investment in exploration and production.

The Economic Times

Market Trading Guide: ABB India among 2 stock recommendations for Friday

Indian equities ended subdued amid geopolitical concerns, volatile crude prices and weak Asian cues. Analysts recommend Chennai Petroleum and ABB India after strong technical breakouts, supported by rising volumes, bullish price structures and trading above key moving averages, indicating sustained upside potential.

Reason

As the Strategic Petroleum Reserve Hits a 40-Year Low, It's Time To Scrap It

Presidents have repeatedly used the SPR to manipulate markets and shield consumers from the consequences of bad policies.

The Economic Times

Asian refiners may be the surprise winners of fresh fuels crunch

Asian refiners are well positioned to ship petroleum products globally. Renewed Middle East conflict and Russian diesel export bans are tightening supplies. This situation allows Asian processors to capitalize on strong product margins. India's plants are geographically placed to address European shortages. However, the market remains fluid and could shift…

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