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BIZARRE: 3 - You Need To See This

‘Gift from Venezuela’: Donald Trump says oil deal will help refill ‘virtually emptied’ US strategic reserve

US President Trump announced a deal to secure Venezuelan oil for the US reserve. This oil will be used to refill the Strategic Petroleum Reserve. The agreement involves developing untapped oil fields in Venezuela. Significant investment is needed before Venezuelan production can increase. The immediate impact on US fuel prices…

The Times of India · Aug 30

Trump to replenish US oil reserves with Venezuelan crude; 'topping out' process to begin shortly

Donald Trump announced plans to refill the Strategic Petroleum Reserve. He stated Venezuelan oil would be used for this replenishment effort. The reserve was significantly depleted during the previous administration's actions. This move signals a potential shift in US-Venezuela energy relations. The process of refilling the reserve is expected to…

The Economic Times · Aug 30

Venezuelans view US oil deal with doubt, hope

Venezuela and the United States have finalized a significant oil deal. This agreement aims to revitalize the nation's struggling petroleum industry. Venezuelans express skepticism and doubt regarding the deal's benefits. The pact offers hope for economic recovery after years of crisis. Oil production has seen a slight increase while awaiting…

The Economic Times · Aug 30

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Revised CBG pricing to support producers, consumer impact to remain negligible: Petroleum Ministry

New Delhi's petroleum ministry clarified Compressed Biogas pricing changes on Saturday. The revised framework offers producers a stable and viable price for their biogas. Government affordability support and a wider gas pool protect consumers from price hikes. This ensures the viability of biogas plants while maintaining consumer affordability. The impact…

The Economic Times · Aug 29

EESL, PNGRB ink pact to deploy smart domestic PNG meters

Energy Efficiency Services and the Petroleum and Natural Gas Regulatory Board have signed an initial pact. This collaboration aims to accelerate the deployment of smart domestic piped natural gas meters. The agreement will create a structured ecosystem for smart meter adoption. Both entities will facilitate demand aggregation and large-scale deployment…

The Economic Times · Aug 28

Oil & gas stocks after 6 months of West Asia crisis: Who beat markets, who lagged & what’s next?

The Nifty Oil & Gas Index lagged behind the broader market following the onset of the West Asia conflict. Despite this, Aegis Logistics and Chennai Petroleum Corporation demonstrated strong performance among sector stocks. Conversely, state-run oil marketing companies saw their values drop significantly. Analysts believe OMCs are a cautious investment…

The Economic Times · Aug 28

BPCL explores buying Gulf oil on FOB basis, lifts Iraqi oil

Bharat Petroleum Corp expects its first Iraqi oil cargo soon and seeks more Gulf oil. The company is willing to lift oil from inside the Strait of Hormuz. New US legislation could impact India's major Russian oil and gas purchases. Russia currently supplies a significant portion of India's oil needs.…

The Economic Times · Aug 27

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BPCL says no decision to replace E20 with E10, as govt debates lower-blend option for older vehicles

Bharat Petroleum Corp Ltd has clarified that there are no plans to switch from E20 petrol to E10 fuel. Discussions are currently taking place about the feasibility of lower ethanol blends for older vehicles. The existing infrastructure could accommodate a transition if government policies evolve. However, creating a new petrol…

The Economic Times · Aug 27

US Has Only 41 Days of Oil Inventory Left: What Happens if the Middle East Crisis Gets Worse?

US crude oil inventories have dropped to a 50-year low due to Middle East conflicts, with the Strategic Petroleum Reserve declining by over 100 million barrels of oil from a year earlier.

International Business Times UK · Aug 25

Less than 300 million barrels left: the engineering limits threatening the American Strategic Petroleum Reserve

America’s energy security is facing its own "300" moment, when Spartan warriors held the narrow pass at Thermopylae against a vast, overwhelming force.

Fortune · Aug 25

Trump's 'Operation Economic Outcast' against Iran also includes four India-based companies over alleged links

The United States has sanctioned four India-based companies over their alleged involvement in Iran-related petroleum and petrochemical trade and procurement networks, according to a release by the US State Department.

The Economic Times · Aug 25

Centre pushes states to speed up PNG adoption, seeks district-level officers to drive LPG-to-gas transition

The Petroleum Ministry is urging states to appoint district-level officers for PNG adoption. This move aims to accelerate the transition from LPG to piped natural gas for households. PNG offers a safer and cleaner cooking fuel, reducing logistical burdens. The government is implementing regulations to prevent dual connections in PNG-available…

The Economic Times · Aug 23

PTT allocates B1tn for capital expenditure

National oil and gas conglomerate PTT Plc has announced a sweeping capital expenditure programme amounting to 1.01 trillion baht, underscoring its long-term strategy despite uncertainty in global petroleum markets caused by geopolitical conflicts.

Bangkok Post · Aug 21

India buys its most expensive LNG in years as war upends market

Indian energy companies are paying more than $23 per mmbtu for September LNG cargoes, among the highest prices for imports since 2022, as the Iran war disrupts global supplies. GAIL India and Gujarat State Petroleum Corp. have bought cargoes at these levels, while Bharat Petroleum has also purchased LNG from…

The Economic Times · Aug 21

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MarketBeat · Aug 20

3 Energy Stocks Raising Dividends as the Sector Surges

BP, Excelerate Energy, and Occidental Petroleum raised dividends in 2026 amid strong sector gains, offering solid yields and sustainable payout ratios backed by rising cash flow.

The Economic Times · Aug 19

India's July crude oil imports rise over 9% month-on-month

India crude imports: On an annual basis, crude oil imports were up 13%, from 18.89 million tons in July last ‌year, data ⁠from ⁠the Petroleum Planning and Analysis Cell showed.

International Business Times · Aug 19

Refiner Stocks Have Soared More Than 80% in 2026. The Last 5 Times This Happened, They Fell Later.

Marathon Petroleum, Valero Energy and HF Sinclair have each surged more than 80% this year, compared with an approximately 11% gain for the S&P 500.

International Business Times UK · Aug 17

Trump's Oil Reserve Releases Push US Stockpile to Its Lowest Point in Over Four Decades

The US Strategic Petroleum Reserve has dropped to its lowest level since 1982 due to emergency drawdowns aimed at mitigating global supply disruptions caused by tensions with Iran.

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Fortune · Aug 17

U.S. strategic reserves are getting so low it threatens damaging the 60 underground salt caverns storing American oil

“We should be highly concerned about the integrity of the caverns anytime crude inventories drop below 300 million barrels,” one petroleum engineering professor warned.

International Business Times · Aug 17

The U.S. Strategic Petroleum Reserve Keeps Dwindling. Experts Are Warning Its Facing Structural Peril.

The SPR is now below 300 million barrels for the first time since it began more than four decades ago.

Barchart · Aug 17

Do Wall Street Analysts Like Marathon Petroleum Stock?

Marathon Petroleum has left the broader market in the dust over the past year, delivering standout gains, while Wall Street remains moderately bullish on the refining giant’s outlook.

Reason · Aug 16

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… The post Today in Supreme Court History: August 16, 1933 appeared first on Reason.com.

The Economic Times · Aug 15

E20 petrol not sole reason for lower mileage, Centre says

The government clarified that vehicle mileage depends on many factors, not just fuel. Extensive testing confirms E20 petrol meets quality standards and is not contaminated. Motorists' concerns about fuel economy are being addressed by the ministry. Oil companies conducted inspections at numerous fuel stations nationwide. Real-world fuel consumption results from…

Newcastle Herald · Aug 14

Service stations closed and contracts ripped up after illegal tobacco and vape raids

More than 100 service stations were targeted as part of Operation Shorthand.

The Economic Times · Aug 14

'No substitute': Kuwait's future tied to Hormuz strait fate

Kuwait's oil exports have plummeted due to the ongoing war and Strait of Hormuz closure. The nation faces its biggest crisis since the 1990 invasion, impacting its economy significantly. Kuwait Petroleum Corporation declared force majeure after drone strikes hit its headquarters. The country's economy contracted by 4.6 percent in the…

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