Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Venezuela's new leader calls for opening oil industry to foreign investment and warmer US ties
CARACAS, Venezuela -- Venezuela's acting President Delcy Rodríguez used her first state of the union message Thursday to advocate for opening the crucial state-run oil industry to more foreign investment following the Trump administration's…
Delcy Rodríguez calls for opening oil industry to foreign investment and warmer US ties
Under pressure from the U.S. to cooperate with its plans for reshaping Venezuela's sanctioned oil industry, Maduro's former vice president declared that a 'new policy is being formed in Venezuela.' She urged the foreign diplomats in attendance to…
New Venezuela leader calls for warmer relations with US, opening oil industry to outside investors
Venezuelan interim President Delcy Rodríguez on Thursday called for warmer diplomatic relations with the U.S. and advocated for opening her country's oil industry to foreign investors in the wake of President Trump's decision to take control…
Venezuela's new leader calls for opening oil industry to foreign investment and warmer US relations
Getting your Trinity Audio player ready... CARACAS, Venezuela — Venezuela's acting President Delcy Rodríguez used her first state of the union message Thursday to advocate for opening the crucial state-run oil industry to more foreign…
Trump's dream of 'energy supremacy' hits an unlikely roadblock: oil companies
Donald Trump regained the White House with a promise to “ drill, baby, drill ”. But the biggest obstacle to his oil bonanza increasingly seems to be Trump himself. His seizure of Venezuelan oil and his desire to push down domestic…
U.S. Boardings of Oil Tankers Reflect Hard Lessons Learned at Sea
|U.S. Boardings of Oil Tankers Reflect Hard Lessons Learned at Sea https://www.nytimes.com/2026/01/16/us/us-military-oil-tankers.html The oil tanker Marinera, previously known as Bella 1, was seized by the U.S. Coast Guard and seen off the coast of…
I asked experts what the 'healthiest' cooking oil is
Choosing a cooking oil at the supermarket can feel like navigating a maze. There's an abundance of choices, from olive oil to avocado oil, coconut oil, sunflower oil, and beyond. Yet, not all cooking oils are created equal ; some are considerably…
What's Next for Cuba, Now That Its Main Oil Supplier Is Gone?
The Trump administration's removal of Nicolás Maduro as president of Venezuela has given the United States new leverage over an old adversary: Cuba. Cuba relies on imports for most of its oil. It has been able to barter for this crucial…
New Venezuela leader calls for more foreign investment in oil industry
Delcy Rodriguez tells lawmakers to pass reforms to open country's reserves to outsiders: AP Published 16 January 2026, 21:32Updated 16 January 2026, 21:32…
What Venezuela's oil could mean for the industry in Texas
There's been a renewed focus on the oil industry after the United States seized Venezuelan President Nicolás Maduro. The benefits for Texas — which is home to many oil companies and the most refining capacity in the United States…
Oil & Gas industry's wish list for Union Budget: Review of cess on indigenous production, push for exploration and refining capacity
In the run-up to the Union Budget presentation on February 1, the petroleum industry has sought that the government consider reviewing the oil industry development board (OID) cess alongside providing incentives to enable a further boost to…
Venezuela's interim president proposes oil reform - BBC News
Venezuela's interim president Delcy Rodríguez has proposed new oil reforms in her first state of the union address since former president Nicolás Maduro was seized by the US. Rodríguez said she wanted to reform the law that…
Labour 'out of step' on oil and gas, says Badenoch as poll shows support
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. Tory leader Kemi Badenoch has accused the…
Venezuela's New Leader Favors Foreign Investment in Oil - TT
Venezuela's acting President Delcy Rodriguez delivers her first state of the union address at the National Assembly in Caracas, Venezuela, on Jan. 15. (Ariana Cubillos/AP) [Stay on top of transportation news: Get TTNews in your inbox.] CARACAS…
How South America's Oil Rush Collides with the Climate Crisis
Kendra Pierre-Louis: For Scientific American's Science Quickly, I'm Kendra Pierre-Louis, in for Rachel Feltman. Over the past couple of weeks oil—specifically, Venezuelan oil—has been all over the headlines. It started late on January…
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