Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukrainian drone attack triggers fire at a Russian oil terminal
Farmers collect fragments of a Russian missile that hit an agricultural field near the front line in the Kharkiv region, Ukraine, Friday, May 22, 2026. (AP Photo/Andrii Marienko) A Ukrainian drone attack caused a fire at another Russian oil…
Ukrainian drone attack triggers fire at a Russian oil terminal
A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of…
Norway Doubles Down on Oil and Gas as Europe Scrambles for Supply
Norway, well known for its oil and gas production, has ramped up its fossil fuel output in recent weeks to fill the gap following the closure of the Strait of Hormuz and the ongoing energy trade disruptions. While some countries are grateful to…
Ukrainian drone attack sparks huge fire at key Russian oil terminal
A Ukrainian drone attack ignited a fire at another Russian oil terminal overnight, local officials in Russia 's Krasnodar region confirmed on Saturday, marking what appears to be the latest strike against Moscow 's vital oil industry. Authorities…
Graham Platner's energy plan prioritizes lowering costs and taking on big oil and the 'oligarchy'
Senate candidate Graham Platner's key energy goal is to reduce costs for Mainers. He'd also like to tax the “ever-living hell out of the companies that made a lot of money on fossil fuels while they destroyed the planet.” Graham…
Rubio pushes US energy sales to India amid Iran war oil crisis
US Secretary of State Marco Rubio has held talks with Indian Prime Minister Narendra Modi focused on expanding an energy “partnership” amid the global crisis caused by the US-Israeli war with Iran. During a meeting on Saturday, part…
Ukrainian drone attack triggers fire at a Russian oil terminal
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Ukrainian drone attack causes fire at Russian oil terminal used for exports as Kyiv expands long-range strike capabilities
A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of…
SPDR Oil Gas ETF or Invesco Solar ETF: Which is the Smarter Energy ETF to Buy?
Energy investors often weigh the established cash flows of traditional carbon-based assets against the high-growth potential of the burgeoning renewable sector. The State Street SPDR S&P Oil & Gas Exploration & Production ETF (XOP +0.76%) and the…
Here Are My Top 3 Oil Stocks Right Now
Given the importance of oil and natural gas to the global economy, every investor should probably have some exposure to the energy sector. I personally own one oil stock, yet I'm not the least bit worried about oil prices. That's notable because…
Fire erupts at Russian oil terminal following Ukrainian drone attack, injuring 2 people: report
A Ukrainian drone attack caused a fire at another Russian oil terminal overnight, local officials in Russia's Krasnodar region said Saturday, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in the city of…
Xavier Becerra talks tough on big oil while slurping Chevron
In the final days of the race for California governor, Xavier Becerra is claiming only he can stand up to Big Oil — while simultaneously leaning on donations from it. “Tom Steyer made his billions off oil and coal,” Becerra…
Major Oil Association Fires Back After Gavin Newson's Attack On Chevron Gas Stations
A national oil industry group ridiculed Democratic California Gov. Gavin Newsom over his chauffeured lifestyle after he urged Californians to skip Chevron stations during the busy Memorial Day travel period. The US Oil & Gas Association, a group…
Don't Expect Oil Prices to Drop Until 2027. Here Are 2 Stocks to Buy for This Exact Scenario.
Darren Woods is the CEO of ExxonMobil (XOM 0.32%), one of the world's largest energy companies. When he talks, investors listen. Right now, Woods is warning that the market isn't fully recognizing the supply disruption from the geopolitical…
Record Oil Deal's Benefits Go Beyond Big Business
The Bureau of Land Management held a federal oil and gas lease sale in the Delaware Basin of southeastern New Mexico on May 20 that shattered every previous record. The final tally exceeded $4 billion in high bids and rental payments, more than…
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