Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Secretary will discuss oil flow with Venezuela's PDVSA
Wright first confirmed that he would be traveling to the South American country last Friday, telling reporters during a press conference at the Department of Energy's headquarters he would be going “before too long.” “I will…
Carlyle's Currie Says Oil, Metals Markets Are 'Underinvested'
Oil and metals markets are “substantially underinvested” and have significant upside, said Carlyle Group Inc.'s Jeff Currie, adding the longstanding oversupply narrative weighing down crude prices is overblown. “If you are…
NOC Chairman affirms partnership with private sector is a cornerstone of developing oil industry
The National Oil Corporation (NOC) organized a workshop in Tripoli today entitled “Towards a Strategic Partnership with Investors to Develop the Oil Industry.” Adding value to the national economy The workshop aimed to explore avenues…
US chases down oil tanker in Indo-Pacific
The U.S. military intercepted an oil tanker it said was operating in defiance of President Trump's quarantine of sanctioned vessels in the Indian Ocean overnight Monday. The Pentagon did not clarify if U.S. forces seized the ship, the Aquilla II…
Edible oil industry sees limited impact from duty cut on soybean oil imports in Indo-US deal
The impact of the duty reduction announced in the US-India bilateral trade agreement will be limited for Indian soybean oil importers, though it may marginally ease soybean oil prices in Argentina, according to the Indian edible oil sector. BV…
U.S. military boards sanctioned oil tanker after pursuit from Caribbean to Indian Ocean
WASHINGTON (AP) — U.S. military forces boarded a sanctioned tanker in the Indian Ocean after tracking the ship from the Caribbean Sea as part of an oil quarantine meant to squeeze Venezuela, Defense Secretary Pete Hegseth said Monday.
US boards oil tanker that it 'hunted' down for breaking Trump's quarantine
The U.S. military has boarded another sanctioned oil tanker, this time in the Indian Ocean after chasing the ship from the Caribbean Sea. “When the @DeptofWar says quarantine, we mean it. Nothing will stop DoW from defending our Homeland…
US forces capture rogue oil tanker after month-long chase
A month–long pursuit in Venezuela stretching all the way around the Indian Ocean resulted in US forces capturing on oil tanker that attempted to flee quarantine. The tanker, the Aquila II, is the eighth ship captured by the US since the…
US military boards sanctioned oil tanker in the Indian Ocean after pursuit from the Caribbean
Getting your Trinity Audio player ready... By BEN FINLEY and MICHAEL BIESECKER WASHINGTON (AP) — U.S. military forces boarded a sanctioned oil tanker in the Indian Ocean after tracking the ship from the Caribbean Sea, the Pentagon said…
Palm Oil May Drop Below 4,000 Ringgit on Soy Oil Supply Surge
Palm oil may drop below 4,000 ringgit ($1,017) a ton by April as it competes with a flood of South American soy oil in price-sensitive markets like India, according to veteran trader, Dorab Mistry. Palm will have to become cheaper to attract…
Daily on Energy, presented by Americans for Fusion: Mexico halts oil to Cuba, Wright to Venezuela soon, and hybrid sales up
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
Chevron Buys West Texas Ranch in 'Zombie' Oil Well Settlement
Chevron Corp. acquired a ranch in West Texas whose owner had been waging a legal battle accusing the US energy giant of negligently spilling toxic water and crude oil on the 22,000-acre property. The sale of Ashley Watt's Antina Ranch was recorded…
US military boards sanctioned oil tanker in the Indian Ocean after pursuit from the Caribbean
U.S. military forces boarded a sanctioned oil tanker in the Indian Ocean after tracking the ship from the Caribbean Sea, the Pentagon said Monday. The Pentagon's statement on social media did not say whether the ship was connected to Venezuela…
Watch Carlyle's Currie Says Show Me the Oil Glut
Carlyle's Currie Says Show Me the Oil Glut The Carlyle Group's Jeff Currie says the oil and metals markets are “substantially underinvested” and have significant upside. “If you are having to scrape the data to find evidence of…
More Indian Refiners Take Venezuelan Oil as US Reshapes Flows
Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude, marking a second deal on the trade by the nation's processors after Reliance Industries Ltd. snapped up a shipment. The country's largest state-owned refiner…
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