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's Carbon Plan Will Help Oil Patch in Future, Energy Minister Says
Canada 's energy minister said the government's push to build carbon capture technology in the Alberta oil sands ensures the industry is adapting to change even as the US reverses its environmental policies. “We're future proofing our…
U.N. Condemns U.S. Measures Halting Oil Deliveries to Cuba
United Nations human rights chief Volker Türk on Friday urged the lifting of U.S. sanctions that impede oil deliveries to Cuba, criticizing the widespread disruption they cause the Caribbean nation as a rights violation. Cuba's loss of oil…
U.S. waives Venezuela oil sanctions as Trump says expects to visit
U.S. President Donald Trump said Friday he planned to visit Venezuela and reiterated satisfaction with its interim leader, as his administration authorized five major oil companies to operate in the country. 'I'm going to make a visit to…
Fixing Venezuela oil sector puts Chris Wright in key diplomatic role
Wright, the founder and ex-CEO of oilfield services company Liberty Energy, as well as the founder of the hydraulic fracturing consulting firm Pinnacle Technologies, has become increasingly crucial to President Donald Trump 's plans to revitalize…
Tourmaline Oil Corp. stock falls Friday, underperforms market
Shares of Tourmaline Oil Corp. TOU slid 0.11% to C$61.80 Friday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.87% to 33,073.71. Tourmaline Oil Corp.
Reliance gets US licence to directly buy Venezuela oil
Global trading houses, Vitol and Trafigura, became the first ones to obtain US licences to load and export Venezuelan oil. Venezuela produces only about 0.8 per cent of global crude Indian refiners are seeking steep discounts on Venezuelan oil.
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO advanced 3.00% to C$163.25 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.87% to 33,073.71. Imperial Oil Ltd. hit a new…
Cuba oil refinery fire hits as fuel crisis deepens
A fire at an oil refinery in Cuba has been brought under control quickly, as the country faces a deepening fuel crisis. Black smoke clouds could be seen billowing from the Ñico López Refinery in the capital Havana on Friday. No-one…
Trump Greenlights More Oil-and-Gas Investments in Venezuela
The Trump administration is officially paving the way for global oil companies to jump back into Venezuela, a country that most of the U.S. oil industry has stayed out of for the past two decades. On Friday, the Treasury Department issued a general…
How omega-3 supplement krill oil is threatening Antarctic wildlife
Kiki Health sources its krill – tiny, shrimp-like crustaceans – from the pristine waters around Antarctica to produce this omega-3 fatty acid supplement. The claim is that krill oil is absorbed better by the body than fish oil, and…
France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says
MUNICH, Feb 14 (Reuters) - Some G7 countries have expressed willingness to move ahead with maritime services ban of Russian oil and France is 'reasonably optimistic a deal can be reached, French…
Reliance Wins US Licence for Venezuelan Oil, Sources Say
NEW DELHI/WASHINGTON: The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said. Following the…
U.S. waives Venezuela oil sanctions as Trump signals visit
U.S. President Donald Trump said on Friday (February 13, 2026) he planned to visit Venezuela and reiterated satisfaction with its interim leader, as his administration authorised five major oil companies to operate in the country. 'I'm going to…
Deep Industries bags Rs 148-cr drilling rig contract from Oil India
Deep Industries said that it has secured a domestic contract from Oil India for the hiring of a 1000 HP mobile drilling rig package in Assam and Arunachal Pradesh. The order, valued at approximately Rs 148 crore, is slated for execution over four…
Would Not Necessarily Agree on Everything': Jaishankar Reaffirms India's 'Strategic Autonomy' on Russian Oil Amid India-US Trade Deal
New Delhi: External Affairs Minister S Jaishankar on Saturday reaffirmed India's 'strategic autonomy' regarding the purchase of Russian oil, despite the India-US trade framework that urges India to halt procurement of Russian crude. The foreign…
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