Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's Venezuela oil grab reprises industry's neocolonial past
U.S. President Donald Trump's plan to seize direct control of Venezuela's oil reserves is prompting warnings that the Latin American nation will become a modern-day resource colony akin to the banana republics of a century ago — something…
What smart people are saying about Trump's acquisition of Venezuelan oil
Analysts aren't buying the notion that Trump's recent acquisition of millions of barrels of Venezuelan oil will reduce gas prices for American consumers. In a post on Truth Social on Friday, President Donald Trump said the US has secured majority…
Trump says Venezuelan oil will replenish Strategic Petroleum Reserves
President Donald Trump said on Sunday that Venezuelan oil will replenish the United States's Strategic Petroleum Reserves after announcing a historic deal with the country on Friday. “One of the things I am going to do with the Venezuela Oil…
Trumps says Venezuelan oil will 'fill up' US petroleum reserve
Aug. 30 (UPI) -- U.S. President Donald Trump on Sunday said the crude oil from Venezuela will be used to 'fill up' the U.S. Strategic Petroleum Reserve. 'One of the things I am going to do with the Venezuelan Oil is fill up the Strategic National…
Oil giant's retreat on clean energy shows limits of investor pressure
You have reached your maximum number of saved items. Remove items from your saved list to add more. Australia's biggest oil company became last week the latest fossil fuel giant to pare back some of its clean energy ambitions, and it almost…
US to Take Majority Control of Venezuela's Oil Wealth
Good morning. The US is taking the reins of Venezuela's oil wealth. India's growth isn't keeping pace with Modi's developed-nation dream. And SpaceX sends NASA's dark energy hunter into space. Listen to the day's top stories. The US is set to take…
The Latest: Trump says Venezuela agreed to give US control of 65 billion barrels of oil reserves
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Oil Rises on Iran Tensions, US Stock Futures Dip: Markets Wrap
Oil climbed and US stock-index futures slipped in early Asian trading as Middle East tensions intensified. The dollar held its gains after hawkish comments from Federal Reserve Chair Kevin Warsh strengthened bets on an interest-rate hike next…
OIL Green Energy inks MoUs with Haryana for waste-to-clean energy projects
OIL Green Energy (OGEL) has signed Memoranda of Understanding (MoUs) with four Municipalities in Haryana for setting up Integrated CBG and Waste-to-Energy Projects. The Renewables arm of E&P major Oil India (OIL) will set up the projects in…
Indian Stock Market Declines Amid West Asia Tensions, Rising Crude Oil Prices
Indian stock markets experienced a decline, with the Sensex and Nifty closing lower, as renewed tensions in West Asia pushed crude oil prices higher, sparking concerns over inflation and potential interest rate hikes. Indian stock markets…
Asian Refiners Turn to Argentina as Iran War Disrupts Oil Supply
Asian crude oil importers, including China, Japan, and South Korea, have turned to buying oil from as far as Argentina to offset supply losses from the Middle East, anonymous traders with knowledge of the purchases told Bloomberg on Monday.
World shares are mixed and oil prices surge after US strike on Iranian rocket launchers
BANGKOK (AP) — Shares were mixed in Europe and Asia and U.S. futures declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. In early European trading, Germany's DAX lost 0.9% to 26,339.04, while the CAC…
Asian shares, US futures retreat and oil prices surge after US strike on Iranian rocket launchers
Shares were mostly lower in Asia and U.S. futures also declined Monday on expectations that the U.S. Federal Reserve may raise interest rates soon. Oil prices surged about 3% after U.S. forces struck Iranian rocket launchers on the Strait of…
AM Markets Need to Know: Venezuela oil, Iran tensions, and more (SP500:)
Stock index futures were lower on Monday as tensions in the Middle East roared back after U.S. forces struck two Iranian launchers on Larak Island near the Strait of Hormuz.
Opinion | Trump Takes the Oil in Venezuela
President Trump has long said he favors “taking the oil” when the U.S. intervenes overseas, and now he is doing so in extraordinary fashion. His deal announced late Friday with unelected President Delcy Rodríguez for rights to…
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