YOU WONT BELIEVE: 28 | Mind Blowing Facts

Buffett's Berkshire Hathaway Still Loves Occidental Petroleum with over a 25% Stake

Berkshire Hathaway recently reported on a 13-F filing that it had raised its stake in Occidental Petroleum. It now owns over 25% of OXY's shares, including warrants to buy at $59.624 per share.

Barchart · Aug 28, 2023

Iran’s Raisi inaugurates South Pars gasfield after foreign companies exit

Raisi says the project has been completed years ahead of plan and saved a lot of money by transporting an existing rig.

Al Jazeera · Aug 28, 2023

Romania explosion: One dead and 57 injured following blast at petrol station

One person died and 57 were injured after two explosions at a liquefied petroleum gas station in the Romanian town of Crevedia near the capital Bucharest on Saturday.

Evening Standard · Aug 27, 2023

Will Gasoline’s Price Fall Going into the Off-Season?

While the number of electric vehicles on the road continues to rise, gasoline remains the fuel powering most vehicles. Gasoline is a seasonal energy commodity that tends to increase during spring and summer, the peak driving season, and fall during fall and winter. At the end of the 2023 summer,…

Barchart · Aug 19, 2023

Top Chinese official calls for increase in ‘propaganda of secrecy’ around energy sector

“We must intensify the propaganda of secrecy...in nuclear energy, petroleum and other energy industries...and actively cultivate a secrecy culture,” NEA director Zhang Jianhua said.

Fortune · Aug 17, 2023

Today in Supreme Court History: August 16, 1933

8/16/1933: President Roosevelt adopts the Code of Fair Competition for the Governance of the Petroleum Industry. The Supreme Court declared those codes unconstitutional in Panama Refining Co. v. Ryan (1935).

Reason · Aug 16, 2023

Karnataka has 312 operational CNG stations, 1,414 more planned

Union Minister of State for Petroleum & Natural Gas recently told the Rajya Sabha that 312 CNG stations had been established in Karnataka while 1,414 more will be set up in 8-10 years.

The Hindu · Aug 13, 2023

Many Indane LPG distributors object to being forced to sell biscuits and flour in Chennai

Many distributors of the Indane liquefied petroleum gas (LPG) of the Indian Oil Corporation Ltd. are objecting to the oil marketing company (OMC) asking them to sell products of two private brands.

The Hindu · Aug 6, 2023

How High Will Oil Prices Rise?

Nearby WTI and Brent crude oil futures settled at $70.64 and $74.90, respectively, at the end of Q2 2023. WTI futures were 6.65% lower in Q2 and fell nearly 12% over the first half of 2023. Brent fell 6.25% in the second quarter and was almost 12.75% lower over the…

Barchart · Aug 4, 2023

IIT Madras to offer PG course on applied petroleum engineering

IIT Madras’ Digital Skills Academy is offering a web-enabled postgraduate advanced certification course in applied petroleum engineering and hydrogen energy. The Institute is partnering with Zemblance Hydrocarbons and experts from Oil and Natural Gas Corporation, IndianOil, GAIL (India) and Chennai Petroleum Corporation Ltd. to provide practical insights. The hybrid programme…

The Hindu · Aug 2, 2023