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REVEALED: Petroleum news topic | Vintage Vibes

CIC pulls up PNGRB over RTI reply on safety, inspections of IGL pipeline work

The Central Information Commission has criticized the Petroleum and Natural Gas Regulatory Board. This is for not properly answering a Right to Information request. The request sought details on safety measures for gas pipeline work by Indraprastha Gas Limited. The Commission ordered the regulator to provide a better response.

The Economic Times

Govt focusing on 'automation' of explosives units for safer operations: Official

The Department of Promotion of Industry and Internal Trade is prioritizing automation in explosives manufacturing. This move aims to significantly improve safety and prevent tragic accidents. The department is also strengthening regulatory reforms and increasing the capacity of the Petroleum and Explosives Safety Organisation.

The Economic Times

Govt restricts bulk industrial petrol, diesel purchases through petrol pumps

Industrial and commercial users can no longer buy petrol and diesel from petrol pumps. They must now get fuel from bulk sale points. This change follows a surge in demand for diesel. The government aims to ensure fair distribution for all consumers. Restrictions are in place for up to 90…

The Economic Times

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Refiners adjust sourcing as war rattles markets

Thailand's major oil refineries continue to operate smoothly and supply the nation with refined oil despite escalating conflict in the Middle East, according to the Federation of Thai Industries' Petroleum Refining Industry Club.

Bangkok Post

US slaps sanctions on Cuba's oil and gas company, accusing it of weaponising energy

Cuba is already struggling under a decades-old embargo and a lack of petroleum as the US keeps pushing for a change in its economic and political model.

Euronews

America’s emergency oil reserve is about to hit lowest level since Reagan era

Since March, Trump has tapped 66 million gallons of oil from the Strategic Petroleum Reserve

The Independent UK

The world's oil piggy bank is being smashed open. What can go wrong?

Global oil inventories are plummeting to multi-decade lows, exacerbated by Middle Eastern supply disruptions and the rapid depletion of strategic reserves. Escalating geopolitical tensions, particularly involving Iran, threaten further supply shocks. The world faces a potential oil crisis with diminished buffers and constrained transit routes, suggesting prolonged market vulnerability.

The Economic Times

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Women-led development will add 2-3% to GDP: Petroleum Minister Hardeep Singh Puri

Union Petroleum and Natural Gas Minister Hardeep Singh Puri on Wednesday highlighted that shifting from "women-centric" to "women-led" development can significantly drive India's economic growth, will directly boost GDP growth by 2-3 per cent, as the Cabinet passed a resolution hailing Prime Minister Narendra Modi's 4,399 days in office.

The Economic Times

Get used to $5 gas

Even if the war ends now, it will take months for prices to come down

Salon

America’s emergency oil reserve is about to hit its lowest level since Reagan was in office

The Trump administration has drained 66 million barrels from the SPR since the war in Iran began.

Fortune

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

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

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The Economic Times

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…

AAP

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

Barchart

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.

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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.

Bangkok Post

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.

The Economic Times

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…

Latin 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.

Fortune

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.

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.

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