#PetRoleUm

The government has asked oil companies to build 30-day LPG reserves amid Hormuz supply risks. What are strategic reserves? What is the status of LPG reserves in India? How is it different from Strategic Petroleum Reserves (SPRs)?

Speaking to reporters, Sharma said that the proposal is still at an early stage and declined to comment on a timeline for these reserves to be created.

Patrick De Haan, head of petroleum analysis at GasBuddy, discusses a potential suspension of the gas tax amid rising fuel costs due to the war with Iran.

A liquefied petroleum gas carrier, which has previously ferried Iranian cargoes, has sailed past the blockade boundary announced last month by the US Navy.

The US Strategic Petroleum Reserve awarded 53.3 million barrels to companies including oil trader Trafigura Group and US refiner Marathon Petroleum Corp, adding to a wave of oil released to help tame surging prices stemming from the Iran war.

Unlike petrol and diesel, in which India is self-sufficient and is also a net exporter, the country depends on imports to meet 60% of its LPG requirement, 90% of which depended on the Strait of Hormuz.

Villagers in Kenya are suing British Petroleum, saying oil exploration by Amoco in the 1980s left toxic pollution.

The U.S. national average retail price of gasoline has surpassed $4.50 a gallon for the first time since July 2022, data from GasBuddy showed.

Occidental Petroleum stays a Buy as debt falls and 2026 guidance lifts FCF. OXY’s 2026 guidance targets $5.5–$5.9B in CAPEX. See more here.

From Indianexpress RSS Feed: India’s largest domestic refinery to take maintenance shutdown; Govt sees no impact on LPG output

If the goal is to avoid a threat to our planet and all its inhabitants by a future nuclear war, then we would be smart to put up with a

Saudi Arabia’s oil and gas giant Aramco has reportedly notified its customers about continuing LPG deliveries disruption

The departure weakens the Organization of the Petroleum Exporting Countries, long criticized by Trump, as the global economy reels from the Iran war energy shock.

Rising prices for crude oil and gasoline have alarmed many consumers and put President Bush and other U.S. politicians in a position where they feel they have to do something -- anything -- in response, especially in an election year.…