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 U.S. Won't 'Get' Venezuelan Oil
Venezuela's President Nicolas Maduro gestures during a ceremony at Fort Tiuna military base within the presidential inauguration in Caracas on January 10, 2025. (Photo by Juan BARRETO / AFP) (Photo by JUAN BARRETO/AFP via Getty Images) As the U.S.
'Oil industry records zero oil theft in one year' - The Nation Newspaper
December 8, 2025 by Emmanuel Oladesu, Deputy Editor Chairman and Managing Director of Chevron Nigeria/mid-Africa business unit, Mr. Jim Swartz, has said Chevron has recorded zero incidents of sabotage in the last one year. Swartz said this when he…
Former Frome councillor jailed for Just Stop Oil protest - BBC News
Image source, Frome Area Green Party A former councillor has been sentenced to more than two years in prison for his role in a Just Stop Oil protest. Michael Dunk was elected to represent the Green Party in the Frome West division of Somerset in…
Oil-Dri: Fiscal Q1 Earnings Snapshot
CHICAGO (AP) — CHICAGO (AP) — Oil-Dri Corp. of America (ODC) on Monday reported profit of $15.5 million in its fiscal first quarter. The Chicago-based company said it had net income of $1.06 per share. The maker of products for soil…
Glue strong enough to tow a car made from used cooking oil
Scientists have converted waste cooking oil into various recyclable plastics with exceptional strength — and some were even durable enough to tow a car. Turning nonedible waste into useful polymers is a sustainable way to create new…
Oil Flat; Fed Rate Decision in Focus
0113 GMT — Oil holds steady in the early Asian trade. This could be due to a possible oil supply glut and stalled Ukraine-Russia peace talks, says UOB's Global Economics & Market Research team in a note. Increasing expectations that the…
Oil Reclaims Key Levels, Forcing Shorts To Blink
WTI moved back above its 50-day moving average Friday and is fighting to hold above $60 this morning. A market that spent weeks obsessing over punishing oversupply is now being forced to respect a technical line that encourages short covering…
Oil eases with market focus on U.S. rate outlook and geopolitical risk (CL1:COM:Commodity)
Oil prices changed course to drop more than 1% on Monday as investors closely watched ongoing talks to end the war in Ukraine, while focus primarily remains on an expected U.S. Federal Reserve interest rate cut later this week.
Meet the TikTok stars demanding oil companies clean up their mess
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Hawk Dunlap isn't used to being cold. On a gray day last January when I visited him in West Texas to tour abandoned oil wells…
Oil hovers near 2-week highs on expected US interest rate cut, geopolitical risk
SINGAPORE: Oil prices hovered at two-week highs on Monday as investors expect a likely U.S. Federal Reserve interest rate cut this week to lift economic growth and energy demand, while monitoring geopolitical risk that threatens Russian and…
Russia's Vital Oil Trade With India Is Down, But Not Out
By Rakesh Sharma and Weilun Soon (Bloomberg) — India's imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm…
Bawumia Scores Point as Star Oil Implements Fuel-On-Credit Initiative - The Ghanaian Chronicle
Former Vice President and New Patriotic Party (NPP) flagbearer hopeful, Alhaji Dr. Mahamudu Bawumia, has applauded Star Oil Ghana Ltd for launching its Fuel Now, Pay Later scheme, describing the move as a bold step toward expanding Ghana's emerging…
Is there a future for carbon capture and storage in Scotland? - BBC News
It's long been seen as a vital technological solution to dealing with our hard-to-tackle greenhouse gas emissions. But a catalogue of issues have led some academics to believe the Acorn carbon capture, usage and storage (CCUS) project in…
Crude oil futures gain as markets anticipate Fed rate cut
Crude oil futures traded higher on Monday morning as markets hoped that the US Federal Reserve will reduce interest rates at its meeting this week. At 9.57 am on Monday, February Brent oil futures were at $63.86, up by 0.17 per cent, and January…
Oil falls 2% as Iraqi oilfield production restored, Ukraine talks continue
HOUSTON, Dec 8: Oil prices slipped 2 per cent on Monday after Iraq restored production at one of its oilfields which accounts for 0.5 per cent of world oil supply, while investors weighed ongoing talks to end the war in Ukraine. Brent crude futures…
Receive a Daily briefing on Oil Industry News
Get Started