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INSANE: 7 - The Real Truth

India's May fuel consumption up 2.4%; LPG demand drops 20% amid Hormuz disruptions

India's fuel consumption rose to 19.93 million metric tons in May, a slight increase from April but a 6.5% drop year-on-year. Liquefied petroleum gas consumption plummeted by approximately 20% due to shipping disruptions and sanctions impacting Iranian imports. Gasoline sales declined, while diesel consumption saw an increase.

The Economic Times

DEE Development Engineers Ltd bags Rs 387 crore contract from Bharat Petroleum

Engineering firm DDEL secured a significant Rs 386.83 crore contract from Bharat Petroleum Corporation Ltd. This order is set to be executed until February 2028, providing long-term revenue visibility. DDEL's order book now exceeds Rs 2,400 crore, positioning the company for sustained growth. The company is expanding its participation in…

The Economic Times

India has 76 days of fuel reserves, oil supplies secure: Hardeep Singh Puri

India possesses robust fuel reserves, sufficient for approximately one month of disruption. The nation's diversified sourcing strategy and expanding energy infrastructure provide a strong buffer. Petroleum Minister Hardeep Singh Puri expressed confidence that global supply shortages will be mitigated. Additional gas supplies will further strengthen energy security. India is well-positioned…

The Economic Times

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Selling Short 1-Month Occidental Petroleum Put Options Is Still Working

Shorting Occidental puts has worked for the last 2 months, as seen in my last 2 Barchart OXY articles. This is even though oil and OXY stock have been volatile, but mostly flat. It makes sense to play this next month.

Barchart

Indian households continue to pay among the lowest cooking gas prices in the world: Petroleum Ministry

The Indian household continues to buy cooking gas much cheaper than the household in any neighbouring country, and far below the price paid in advanced economies such as the United States, Australia and Canada, the Ministry of Petroleum and Natural Gas said on Sunday, noting that a beneficiary of the…

The Economic Times

Limited interest in latest oil and gas lease sale for Alaska's Arctic National Wildlife Refuge

Two corporations bid on a handful of leases during the latest oil and gas lease sale in Alaska's Arctic National Wildlife Refuge

AAP

US set to hold latest oil and gas lease sale for Alaska's Arctic National Wildlife Refuge

The Trump administration's push to expand oil and gas development in Alaska faces a new test Friday

AAP

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How Is Marathon Petroleum's Stock Performance Compared to Other Oil Refiner Stocks?

Marathon Petroleum has outperformed its industry peers recently, and analysts remain moderately optimistic about the stock’s prospects.

Barchart

Is Occidental Petroleum Stock Outperforming the S&P 500?

Occidental Petroleum has outperformed the S&P 500 over the past year, and analysts are moderately optimistic about the stock’s prospects.

Barchart

Siam Gas anticipates over 10% sales growth

Siam Gas and Petrochemicals Plc (SGP), Thailand's second-largest liquefied petroleum gas (LPG) trader by volume, expects sales to grow by at least 10.5% year-on-year to 3.5 million tonnes in 2026 despite sharp increases in global LPG prices triggered by Middle East tensions.

Bangkok Post

Market Trading Guide: Parag Milk among two stock recommendations for Wednesday

Benchmark indices ended a volatile session near the 23,500 mark as buying emerged from key support levels. Analysts have recommended Chennai Petroleum and Parag Milk Foods for Wednesday, citing strong bullish breakouts, rising volumes, favorable moving average alignment and improving technical momentum.

The Economic Times

Supreme Court provides relief to Reliance in 2007 securities market fraud case

Reliance Industries Ltd received relief from India's Supreme Court. The court overturned a lower court ruling and a 2020 order by the markets regulator. This order had alleged manipulative trading practices by the company. The Supreme Court directed SEBI to refund 2.5 billion rupees to Reliance. The case involved a…

The Economic Times

Is Trump's White House Ballroom Project Poisoning Washington? Preservationists Sound the Alarm in New Court Filing

The Trump administration is facing fresh allegations in federal court after preservation advocates claimed that debris from the demolition of the White House East Wing was dumped at a historic public golf course in Washington, D.C., and contains potentially hazardous contaminants including arsenic, lead and petroleum-related pollutants.

Latin Times

The ‘imminent’ oil crisis isn’t at the pump—it's under your hood

The U.S. is increasingly reliant on the Middle East for the specific base oils that comprise most modern motor oils and lubricants.

Fortune

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The Economic Times

India may soon let consumers choose ethanol-blended petrol based on their cars: Report

Consumers will soon have more choices at petrol pumps across India. New ethanol-blended petrol variants like E20, E22, E25, and E30 will become available. This move aims to reduce crude oil imports and enhance energy security. Vehicle owners can select fuel based on their car's compatibility.

The Economic Times

Govt says India has ample petrol, diesel supply, calls for crackdown on diversion

The govt has confirmed that petrol and diesel supplies are ample for every home and community in the country. Instances of regional shortages are owing to the misallocation of subsidised fuel for industrial activities, not due to an overall lack, it said.

The Economic Times

Pakistan plans oil reserves, storage push as Hormuz constraints expose vulnerabilities

Pakistan is proposing a bonded storage plan to boost its energy security by allowing international suppliers to hold petroleum stocks. The government aims to build strategic reserves, funded by a levy on fuel, and increase local supply capacity. This initiative comes as Pakistan lacks strategic petroleum reserves despite heavy reliance…

The Economic Times

HPCL, Tata Motors partner for used lubricant pilot project

Hindustan Petroleum Corporation Ltd and Tata Motors have joined forces for a pilot project. This collaboration aims to create an organized system for managing used automotive lubricants. The initiative will focus on collection, storage, and recycling of this hazardous waste. It supports India's Extended Producer Responsibility framework.

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The Economic Times

Govt gives up Rs 14,000 crore in tax revenue after excise duty cut on petrol and diesel: Petroleum Ministry

The Indian government has sacrificed nearly Rs 14,000 crore in tax revenue by lowering excise duty on petrol and diesel. This move aims to protect consumers from rising fuel prices driven by the West Asia crisis. Despite this, oil companies continue to face daily losses.

Whats Hot

Fuel Prices in India Hiked for Fourth Time in Two Weeks Amid Global Oil Shock

India has witnessed another sharp increase in fuel prices, with state-run oil marketing companies (OMCs) raising petrol and diesel rates for the fourth time in less than two weeks. The latest revision has intensified concerns among consumers and policymakers as global crude oil markets remain volatile due to escalating geopolitical…

The Economic Times

Retail fuel price hike 'inevitable' if global oil pressures persist: BPCL's Director HR

Bharat Petroleum Corporation Ltd. Director HR Bharat Petroleum Corporation Ltd. Raj Kumar Dubey said another fuel price hike may become unavoidable if global energy disruptions persist, as policymakers weigh three options — raising retail fuel prices, oil companies absorbing losses, or government support through deficit financing.

Newslaundry

All rhetoric, no resilience: Why India is still addicted to ‘majboori’

Earlier this month, Prime Minister Narendra Modi asked Indians to rethink some of their habits. Travel abroad less, work from home when possible, reduce unnecessary imports, and buy less gold.

MarketBeat

Imperial Petroleum Q1 Earnings Call Highlights

Imperial Petroleum (NASDAQ:IMPP) reported sharply higher first-quarter 2026 results, with management saying the company benefited from a larger fleet and a surge in tanker rates tied to geopolitical disruptions in the Middle East. Chief Executive Officer Harry Vafias said the quarter marked the com

The Conversation

The US Constitution and laws do not protect oil companies from being sued over the harm they cause to the climate

In recent years, at least two dozen local and state governments have sued petroleum companies to recover the billions in costs they have incurred responding to and rebuilding after flooding, storms and wildfires – all of which have been worsened by changes to the climate resulting from burning fossil fuels.

The Economic Times

BPCL shares fall 2% despite 28% YoY jump in Q4 net profit to Rs ,5625 crore

Bharat Petroleum Corporation shares slipped despite the company reporting a 28% year-on-year rise in Q4FY26 consolidated net profit to Rs 5,625 crore. Revenue from operations increased 6.3% to Rs 1.35 lakh crore during the quarter.

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