Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Canada Lifts Climate Laws for Alberta Oil Sands, Planning Pipeline
Prime Minister Mark Carney of Canada signed a sweeping agreement on Thursday that laid the groundwork for a new oil pipeline to expand Alberta's oil sands, exempting the province's energy industry from several environmental laws. The agreement with…
Russia's Oil Revenues Are Falling Fast As Fiscal Pressure Mounts
BRUSSELS, BELGIUM - NOVEMBER 15: The PJSC Lukoil Oil Company tank storage of Neder-Over-Heembeek are seen on November 15, 2025 in Brussels, Belgium. As of November 2025, Lukoil is reeling under severe U.S. and Western sanctions, which have forced…
Oil Tanker at Risk of Sinking After Mine Strike Near Turkey
An oil tanker from Russia's shadow fleet reportedly hit a mine and was at risk of sinking north of Turkey's coastline, a local port agent said. The vessel, called Kairos, suffered an explosion and a fire broke out on board. The 900-foot oil tanker…
Oil Rises; Markets Watch for Russia-Ukraine Developments
'Premium but not ostentatious': the best extra virgin olive oils to gift instead of wine
This festive season, olive oil is the new bottle of wine. If booze or a scented candle used to be a fail-safe gift option for a party, retailers and food experts are reporting a surge of interest in the kitchen cupboard staple. The trend is being…
Canada's prime minister and Alberta's premier sign pipeline deal that could reverse oil tanker ban
TORONTO -- TORONTO (AP) — Canadian Prime Minister Mark Carney and the premier of Canada's oil rich province of Alberta agreed Thursday to work toward building a pipeline to the Pacific Coast to diversify the country's oil exports beyond the…
Canada drops climate rules in oil deal, looks to Asia to weather Trump tariffs
Canada's Prime Minister Mark Carney signed an agreement with Alberta's premier on Thursday that rolls back certain climate rules to spur investment in energy production, while encouraging construction of a new oil pipeline to the West Coast. Under…
Ocean conservation charity loses High Court bid over oil and gas licences
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. An ocean conservation charity has lost a High…
Uganda discovers more oil resources
Uganda's recoverable oil has increased to 1.65 billion barrels from 1.4 billion, the Petroleum Authority of Uganda announced recently, adding to the excitement as the country moves closer to commercial production by July 2026. The increase in…
The Supreme Court's Ethics Code Is a Joke. Big Oil Knows That.
I don't have access to Big Oil's internal emails about this. But they sure look wildly desperate to dodge the growing array of lawsuits over the damage caused by their decades-long scheme to deceive the public about climate change. Oil companies…
Mark Carney reaches deal with Alberta for oil pipeline opposed by First Nations
Mark Carney has agreed an energy deal with Alberta centred on plans for a new heavy oil pipeline reaching from the province's oil sands to the Pacific coast, a politically volatile project that is expected to face stiff opposition. “It's a…
Carney's new Alberta oil pipeline deal already faces opposition - BBC News
Prime Minister Mark Carney has signed a deal with the province of Alberta that opens the door for an oil pipeline to the Pacific — a project long pushed by Canada's oil heartland but one that faces significant hurdles before ever being…
Yikes - the price of olive oil!
Please create an account or log in to access all these features Join the discussion and meet other Mumsnetters on our free online chat forum. Want the latest threads without having to look for them? Sign up to our daily newsletter. I had reason to…
Oil prices settle up in low volume on US holiday
NEW YORK/LONDON: Oil prices rose on Thursday as market participants weighed the likelihood that talks to end the war in Ukraine will yield an agreement, with trading volume thin due to the Thanksgiving holiday in the US. Brent crude futures settled…
Oil prices forecast to drop as oversupply threatens crash
Wall Street banks predict crude could fall to $58 per barrel in 2026 as global production outpaces demand, with some forecasts warning of a return to pandemic era lows. The oil industry faces potentially brutal years ahead as Wall Street's leading…
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