Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
GB Energy plan to focus on historical oil and gas areas - BBC News
Great British Energy (GBE) says its investments aim to support at least 10,000 jobs over the next five years, with a focus on areas historically dependent on oil and gas. The publicly-owned body, set up by the UK government, has been told by…
In Yemen, Separatist Forces Backed by UAE March Into Oil-Rich Region
An armed separatist group backed by the United Arab Emirates led a rapid march into a resource-rich region of Yemen on Wednesday, taking over wide sections of the territory in a matter of hours. The separatist group, called the Southern…
Why Big Oil is panicking over accountability
American consumers shouldn't have to pay twice for the damage done by multinational oil and gas companies — once through the harm their products cause to our health and our planet, and again when those same companies use lawsuits filed by…
Oil Rises as Geopolitical Frictions Raise Supply Risk
0138 GMT — Oil ticks up in Asia morning trade as markets stay focused on geopolitical tensions. Russia-Ukraine peace talks have yet to yield results and the Trump administration's friction with Venezuela's government continues. Trump's…
Investigating tanker hijack in west Africa and strike on Russian oil pipeline
We're investigating a report that several sailors have been kidnapped by pirates on board a ship carrying liquid petroleum gas (LPG) off the coast of West Africa. Maritime security firm Vanguard says a Portuguese-flagged gas tanker, the CGAS…
Russia Oil Revenue Falls by a Third on Weak Crude, Strong Ruble
The Russian government's oil proceeds shrank by almost a third in November from a year ago as weaker crude prices and a stronger currency took their toll on revenues. Oil-related taxes declined by 32% to 413.7 billion rubles ($5.3 billion) last…
Oil rises as Moscow peace talks fail to reach breakthrough
HOUSTON: Oil prices settled higher on Wednesday after the US and Russia failed to reach a deal to end the war in Ukraine that could have eased sanctions on Moscow's oil sector, though gains were held back by fears of oversupply. Brent crude closed…
Will Middle Eastern oil nations end up owning part of CBS, HBO, CNN - and Hollywood?
A deal to combine Paramount and Warner Bros. Discovery would create a media behemoth. And that behemoth could be partially owned by the governments of Saudi Arabia, Qatar, and Abu Dhabi. So says Variety, reporting that David and Larry Ellison, who…
Canadian Oil Tumbles to Weakest Since March as World Glut Builds
Canadian crude prices have fallen to their weakest relative to the US benchmark since March as surging production from Alberta meets an already well-supplied world market. Heavy Western Canadian Select, traded in Alberta for January, fell to $13…
Olive oil shot craze explodes online, but doctor warns it's 'more hype than medicine
It may make some people shudder, but a growing number of social media users say that starting their day with a shot of olive oil is the secret to better health. The shot, often mixed with lemon juice or water for easier sipping, has been gaining…
Dan Haifley, Ocean Currents | Offshore oil, again?
Getting your Trinity Audio player ready... Writer's note: After 11 plus years of writing Our Ocean Backyard opposite Gary Griggs, I yielded my writing duties to my successor at O'Neill Sea Odyssey. But at the invitation of the Sentinel's Opinion…
Crude oil flat after industry data show increase in US inventories
Crude oil futures traded flat on Wednesday morning after industry data showed an increase in US inventories for the week ending November 28. At 9.56 am on Wednesday, February Brent oil futures were at $62.49, up by 0.06 per cent, and January crude…
Landman' Season 2's Dangerous Gas Leak Is an Actual Problem for Texas Oil Workers
Landman might hook viewers at first with its all-star cast, but the Texas oil drama starring Billy Bob Thornton, Sam Elliott, and Demi Moore really hits its stride every time the series tackles the real-life dangers of working on an oil rig.
India's oil imports and other issues will be on the agenda for Putin meeting with Modi
Russian President Vladimir Putin will be in India this week for a summit aimed at deepening economic, defense and energy ties, a visit that will also test New Delhi's efforts to balance relations with Moscow and Washington as the war in Ukraine…
Oil prices firm after Ukrainian strikes on Russian oil infrastructure, stalled peace talks
BEIJING, Dec 4: Oil prices moved slightly higher on Thursday after Ukrainian attacks on Russia's oil infrastructure signalled potential supply constraints, and stalled peace talks tempered expectations of a deal restoring Russian oil flows to…
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