Berkshire Hathaway boosts stake in Occidental Petroleum to about 28%
(Reuters) – Warren Buffett-led Berkshire Hathaway has acquired 5.2 million shares of Occidental Petroleum Corp, bringing its stake in the oil company closer to 28%, according to a regulatory filing on Thursday.…
Venezuela could add 400,000 bpd to oil output if U.S. approves licenses -petroleum chamber
By Mayela Armas CARACAS – Venezuela’s oil output could rise by at least 400,000 barrels per day (bpd) if the United States authorizes requests by state-run PDVSA’s partners to trade Venezuelan crude,…
Democrats Ask Biden To Tap Strategic Petroleum Reserve Again
A group of 10 bicameral Democrats urged President Joe Biden to tap further into the Strategic Petroleum Reserve (SPR) amid the ongoing crisis in Ukraine. The Democrats, led by Senate Armed Services…
Vietnam to import additional 2.4 million cu m of petroleum products in Q2
HANOI – Vietnam will import an additional 2.4 million cubic metres of petroleum products in the second quarter to compensate for a fall in domestic output, the industry and trade ministry said…
Occidental Petroleum posts profit on soaring crude prices
– U.S. shale producer Occidental Petroleum Corp on Thursday reported a fourth-quarter profit compared with a year-ago loss, as a recovery in demand has driven crude prices to multi-year highs from pandemic-driven…
EU’s oil and petroleum consumption hit record low in 2020
– Pandemic restrictions in 2020 reduced the European Union’s oil and petroleum consumption in energy use to its lowest in 30 years, the bloc’s statistics office said on Friday. Eurostat said the…
United States Prevails in Actions to Seize and Forfeit Iranian Terror Group’s Missiles and Petroleum
WASHINGTON – The Justice Department today announced the successful forfeiture of two large caches of Iranian arms, including 171 surface-to-air missiles and eight anti-tank missiles, as…
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