Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trading ideas: NuEnergy, Nexgram, PLB Engineering, Sapura Industrial, Borneo Oil
Markets Nexgram reported a net profit of RM882,000 on revenue of RM17.24mil for its first quarter ended Oct 31, 2025. Due to the change in the previous financial year-end from Jan 31 to July 31, there are no comparative results for the previous…
Oil prices will go down but won't collapse
Any move toward $40, however, would likely be short-lived. Diamondback Energy, a major U.S. oil and gas producer, has already announced reductions in capital spending. As WTI falls toward $50 and below, other U.S. producers are likely to follow…
Trump's Seizures of Oil Tankers Challenge Maritime Rules and Customs
President Trump's recent actions against tankers near Venezuela, the dramatic seizure of a vessel called Skipper and the detention of another called Centuries, appear to bend international maritime laws and customs, legal experts say. Countries…
Trump reportedly ordered two-month 'quarantine' of Venezuelan oil
President Donald Trump reportedly ordered a two-month “quarantine” of Venezuela's oil industry as the administration continues its pressure campaign against Venezuelan President Nicolas Maduro. Reuters first reported the order on…
All Your Oil Tanker Are Belong to U.S.
Since Sunday, the United States has been in hot pursuit of an oil tanker known as the Bella 1. As I explained a week ago, this is all part and parcel of the Trump administration's plan to completely cut off Venezuela's illicit and sanctioned oil…
Oil marginally lower as investors weigh US data
HOUSTON: Oil settled marginally lower on Wednesday, and prices were on course for their steepest annual decline since 2020 as investors weighed US economic growth and assessed the risk of supply disruptions from Venezuela and Russia. Brent…
Ukrainian drones hit oil and gas facilities in Russia, SBU official says
World Ukrainian long-range drones hit oil product tanks in the Russian port of Temryuk and a gas processing plant in Russia's Orenburg, an official at the SBU security service told…
Trump's claims to Venezuelan oil are part of broader 'resource imperialism', experts say
Donald Trump's recent claims that the US should keep Venezuelan oil from seized tankers are part of a broader belief in rightwing “resource imperialism”, experts say. In recent weeks, the Trump administration has escalated pressure on…
Borneo Oil's associate seeks Nasdaq listing
KUALA LUMPUR: Borneo Oil Bhd says its quoted investment, Verde Resources Inc (VRDR), has filed a registration statement with the US Securities and Exchange Commission for an underwritten public offering and has applied to list its common stock on…
US Coast Guard short on ships as it chases Venezuela-linked oil tanker
The Coast Guard doesn't yet have enough ships or elite boarding teams in the region to seize a Venezuela -linked oil tanker it's been chasing for days — a glaring gap in the Trump administration's crackdown on sanctioned oil shipments…
Live: Oil tanks on fire after alleged Ukrainian drone attack on Russia's Temryuk port
Two oil storage tanks were ablaze at the southern Russian port of Temryuk on Thursday after what regional authorities said was a Ukrainian drone attack. Authorities said on Telegram that the blaze had already spread across…
Crude Oil Prices Continue Higher on Recent Oil Tanker Disruptions
February WTI crude oil (CLG26) today is up +0.06 (+0.10%), and February RBOB gasoline (RBG26) is up +0.0055 (+0.31%). Crude oil today extended this week's rally, which has been driven by concern about oil risks related to Venezuela and…
Landman Season 2's New Oil Company Character Will Force Rebecca's Personal & Professional Worlds To Collide
Warning: Some SPOILERS lie ahead for Landman season 2, episode 6, 'Dark Night of the Soul'!Kayla Wallace's Rebecca may have met her match with Guy Burnet's Charlie in more ways than one in Landman season 2. Wallace's character served as something…
ED restitutes assets worth ₹63 crore to SBI and UCO Bank in GS Oils case
The Directorate of Enforcement, Hyderabad, has completed the restitution of attached properties valued at about ₹63.05 crore to public sector banks in connection with a money laundering case involving M/s GS Oils Limited. According to the…
Crude Oil Prices End Little Changed But See Continued Support From Recent Oil Tanker Disruptions
February WTI crude oil (CLG26) on Wednesday closed down -0.03 (-0.05%), and February RBOB gasoline (RBG26) closed up +0.0040 (+0.23%). Crude oil closed little changed on Wednesday, but rallied earlier in the week on concern about oil risks related…
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