Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Marco Rubio visits India to sell energy as Iran oil shock persists
Vikas Pandey and Nikhil Inamdar Delhi and Mumbai US Secretary of State Marco Rubio arrives in India on Saturday for a four-day visit amid geopolitical crosswinds and a global energy crisis triggered by the Iran war. Energy shipments through the…
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…
Ukrainian drone attack triggers fire at a Russian oil terminal
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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…
Alberta Sees Oil Sands Deal on Carbon Project Within Two Months
Alberta expects to reach an agreement with oil companies on the deployment of carbon capture technology in the oil sands in the summer, the province's premier said on Friday. “I would hope it would be a matter of a month or two that we'd be…
Russia's Key Black Sea Oil Port on Fire After Drone Attack
Oil facilities in Russia's key Black-Sea port of Novorossiysk are on fire after an overnight drone attack, the latest in a series of hits on the country's energy infrastructure. Falling drone debris caused the fire at an oil depot in the port city…
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…
Gavin Newsom's anti-oil smoke and mirrors on Chevron
Gavin Newsom's call to boycott Chevron over Memorial Day is eye-rolling Sacramento political theater: classic misdirection from a governor hell-bent on making oil consumption as painful and expensive as possible for the little people. Urging…
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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