Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bloomberg.com - Petra Sorge - Oil Industry Retained Up to €200 Million of German Fuel Subsidy
Oil Industry Retained Up to €200 Million of German Fuel Subsidy
Bloomberg

Germany's oil industry retained between €100 million and €200 million from a fuel tax reduction earlier this year that was intended to ease the impact of surging costs on motorists, a government advisory panel found. The state's…

forbes.com - Mahesh Rajasekharan - Context Is The Oil Of The AI Economy
Context Is The Oil Of The AI Economy
Forbes

Mahesh Rajasekharan is the President and CEO of Cleo. For years, business leaders have understood data is the “new oil.” In the age of AI, that premise deserves an update. Data is abundant. AI models are becoming commoditized. Compute…

pbs.org - Illia Novikov, Associated Press - Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
PBS

Ukraine's drone strikes on oil refineries and other infrastructure across Russia have triggered a widespread fuel crisis with gasoline shortages and rationing in multiple regions and motorists waiting for hours to fill their tanks. Moscow has…

foxnews.com - Efrat Lachter - Drone offensive hits Russian oil tankers and refineries at 'industrial scale' as Moscow bans diesel exports
Drone offensive hits Russian oil tankers and refineries at 'industrial scale' as Moscow bans diesel exports
Fox News

Ukraine launched one of its broadest recent drone offensives against Russia's maritime and energy networks this week, claiming strikes on 21 vessels in three days as attacks on major refineries deep inside Russia intensified pressure on Moscow's…

bloomberg.com - Matt Levine - Leave the Oil in the Pipes
Leave the Oil in the Pipes
Bloomberg

Here are two problems. One is that it is not very pleasant to store crude oil. Oil is voluminous and oozy and poisonous and flammable and smelly. This makes it a somewhat difficult thing to invest in. If you think that the price of SpaceX stock…

bloomberg.com - Nduka Orjinmo - A New Challenge for an African Oil Giant Is Building Trust
A New Challenge for an African Oil Giant Is Building Trust
Bloomberg

Welcome to Next Africa, a daily newsletter on where the continent stands now — and where it's headed. Sign up here to have it delivered to your email. In today's edition, we look at Nigeria's oil industry reforms. And: Bola Tinubu is…

bloomberg.com - Mia Gindis - The Crypto Startup Trying to Put a Barrel of Oil on Blockchain
The Crypto Startup Trying to Put a Barrel of Oil on Blockchain
Bloomberg

The oil industry has spent more than a century pushing into new frontiers. Its engineers pulled crude from beneath deserts, oceans and frozen tundra. Its traders built markets that turned oil into the world's most actively traded commodity. Now a…

csmonitor.com - the Monitor's Editorial Board - Reforms help Africa's oil giant rebound
Reforms help Africa's oil giant rebound
The Christian Science Monitor

As world petroleum supplies remain squeezed, Nigeria is stepping up in a big way. In June, its privately owned Dangote Petroleum Refinery – the largest in Africa – overtook the United States to become Europe's largest external…

ttnews.com - Mia Gindis and Sidhartha Shukla - Crypto startup tries to put a barrel of oil on blockchain - TT
Crypto startup tries to put a barrel of oil on blockchain - TT
Transport Topics

The Energy Substantiation team includes (from left) Wil Harris, Katie Oates, Lucas Harris and Chris Ericksen in Larkspur, Calif. (Bryan Banducci/Bloomberg) Energy Substantiation launched a blockchain token, WTIC, designed to represent one barrel of…

yahoo.com - Jordan Blum - How global energy markets built the 'Amazon of oil' logistics to keep prices from spiraling
How global energy markets built the 'Amazon of oil' logistics to keep prices from spiraling
Yahoo!

Businesses and governments managed to keep energy prices from skyrocketing as much as feared during the Iran war by leaning into a 'just-in-time' delivery system that harnesses innovations in digital and satellite technology and that reduces the…

autoguide.com - Car Help Corner | AutoGuide Creator - The Truth About Oil Changes
The Truth About Oil Changes
Autoguide

How often should you change engine oil in your car? These are the facts about oil changes, including the best oil viscosity, optimum oil change intervals, and what mechanics say to do. This is how to maintain your car and make it last for as long…

nbcnews.com - Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
Ukrainian drones batter Russian oil facilities and set more oil tankers ablaze
NBC News

Ukrainian drones hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov on Thursday, a day after President Donald Trump pledged to grant Kyiv a license to manufacture the Patriot air defense systems to protect its cities.

zerohedge.com - Tyler Durden - Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes
Futures Rise, Oil Drops As Markets Ignore Latest Middle East Airstrikes
Zero Hedge

Futures are higher (although off session highs), and oil erased overnight gains as the market moved past the latest Middle-East flare up which saw the US military strike 90 Iranian targets for a second day and Tehran retaliated against American…

wsj.com - Collin Eaton - The Global Oil Market Isn't Ready for the Iran Ceasefire to End
The Global Oil Market Isn't Ready for the Iran Ceasefire to End
Wall Street Journal

independent.co.uk - Via AP news wire - Ukrainian drones batter Russian oil facilities, set more oil tankers ablaze
Ukrainian drones batter Russian oil facilities, set more oil tankers ablaze
The Independent

Ukrainian drones on Thursday hit more Russian oil facilities and set two oil tankers ablaze in the Sea of Azov, a day after U.S. President Donald Trump pledged to grant Ukraine a license to manufacture the Patriot air defense systems. Ukraine's…

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