Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Industry's Latest Disaster: Trillions of Gallons of Buried Toxic Wastewater
This story is published in partnership with DeSmog, the climate investigations site. A cache of government documents dating back nearly a century casts serious doubt on the safety of the oil and gas industry's most common method for disposing of…
US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul
Getting your Trinity Audio player ready... CARACAS, Venezuela (AP) — The United States government on Wednesday further asserted its self-appointed role in turning around Venezuela's dilapidated oil industry with the arrival of Energy…
Sanctions, Ship Seizures and Low Prices Squeeze Russia's Oil Industry
Dozens of tankers filled with Russian oil are floating at sea without buyers. Western powers are seizing the aging ships the country relies upon. Buyers of Russian oil are demanding the steepest discount to global oil prices since the early months…
US Energy Secretary Chris Wright Visits Venezuela To Assess Oil Industry Overhaul
The United States government on Wednesday further asserted its self-appointed role in turning around Venezuela's dilapidated oil industry with the arrival of Energy Secretary Chris Wright to the South American country for a firsthand assessment.
US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul
CARACAS, Venezuela (AP) — The United States government on Wednesday further asserted its self-appointed role in turning around Venezuela's dilapidated oil industry with the arrival of Energy Secretary Chris Wright to the South American…
US Energy Secretary Chris Wright Visits Venezuela To Assess Oil Industry Overhaul
Caracas: United States Energy Secretary Chris Wright arrived Wednesday in Venezuela for a firsthand assessment of the country's oil industry, a visit that further asserts the U.S. government's self-appointed role in turning around Venezuela's…
U.S. Energy Secretary Talks Oil Revival-and Democracy-in Venezuela Visit
CARACAS, Venezuela—Energy Secretary Chris Wright said that “enormous progress” is being made with Venezuela's regime in the transformation of its decrepit oil industry, but that the objective is an end to sanctions and a…
Energy Secretary Visits Venezuela to Assess Oil Overhaul - TT
Wright lands in Venezuela. (U.S. Embassy in Venezuela via X) CARACAS, Venezuela — The United States government on Feb. 11 further asserted its self-appointed role in turning around Venezuela's dilapidated oil industry with the arrival of…
US Energy Secretary Chris Wright visits Venezuela to assess oil industry overhaul - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
CARACAS, Venezuela (AP) — United States Energy Secretary Chris Wright arrived Wednesday in Venezuela for a firsthand assessment of the country's oil industry, a visit that further asserts the U.S. government's self-appointed role in turning…
US Energy Secretary Chris Wright touts oil production on Venezuela visit
United States Energy Secretary Chris Wright has visited Venezuela to meet with interim President Delcy Rodriguez, as his country pushes forward with plans for more foreign oil investment in the region. Wednesday's meeting marked the first time a…
U.S. Treasury sets regulatory framework for Venezuelan oil operations
Feb. 11 (UPI) -- The U.S. Treasury Department approved a new framework for Venezuela's energy sector through three general licenses that allow oil trade, supply of goods and services for the hydrocarbons industry, and operations needed at the…
India Faces Russian Oil Squeeze After US Deal
Replacing over a third of India's oil imports at competitive rates is going to be a challenge, said traders from State refiners, even though some progress was made in the last two months. India may have to sharply cut Russian crude after the…
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU advanced 1.12% to C$61.59 Wednesday, in what proved to be an otherwise all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.01% to 33,254.19. Tourmaline…
Oil giant tells Trump it's 'too expensive' to reinvest in Venezuela despite urging
The CEO of a major oil company has said that it is “too expensive and too polluting” to return operations to Venezuela, despite the urging of Donald Trump. TotalEnergies boss Patrick Pouyanne said the company had pulled out of the…
Top Oil Traders Say Sanctions Are Starting to Lift Crude Prices
Some of the world's biggest oil traders said a surge in crude prices so far this year has been aided by key refiners turning away supplies from countries subject to sanctions. The boss of Vitol Group, the world's top independent oil trader, said on…
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