Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The U.S. 'Takeover' Of Venezuelan Oil Won't Move The Global Market
TOPSHOT - US Secretary of Energy Chris Wright (L) shakes hands with Venezuela's acting president Delcy Rodriguez before a meeting at the Miraflores Presidential Palace in Caracas on February 11, 2026. US Energy Secretary Chris Wright arrived in…
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Mahesh Edible Oil signs Ranbir Kapoor for SALONI and STAYFIT brands
Mahesh Edible Oil Industries has appointed Ranbir Kapoor as brand ambassador for its flagship brands SALONI (Mustard Oil and Soya Chunks) and STAYFIT. The move is part of the company's efforts to strengthen brand visibility and expand its presence…
Venezuela suspends Maduro-era oil, gas contracts
Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of president Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had…
What to know about Greenpeace and the oil pipeline lawsuit that threatens its future
Greenpeace is fighting for its life in North Dakota's court system, where a judge has decided to order the environmental group to pay an expected $345 million to an energy company whose Dakota Access oil pipeline construction drew protests nearly a…
U.S. authorizes resale of Venezuelan oil to Cuba for private sector
Feb. 26 (UPI) -- The U.S. Office of Foreign Assets Control said it will allow certain operations to resell Venezuelan-origin oil destined for Cuba, provided the fuel is used by citizens and private companies on the island. The island nation relied…
Oil Falls on Expectations U.S.-Iran Talks to Continue Next Week
0137 GMT — Oil falls in early Asian trade on expectations that the U.S.-Iran talks will continue next week. Although latest round of talks over Iran's nuclear program ended on Thursday without a deal, Oman's foreign minister and a U.S.
Santander 'quietly dilutes' targets to cut emissions in oil and gas financing
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Shareholder activists have criticised Santander for…
Oil settles down as traders follow US, Iran talks
HOUSTON: Oil prices settled lower after a choppy session on Thursday as investors tracked developments in talks between the United States and Iran over the Opec member's nuclear programme, weighing potential supply concerns if hostilities escalate.
Exclusive-Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro government, sources say
HOUSTON, Feb 26 (Reuters) - Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told…
Exclusive | Big Oil Is Urging Trump to Stop Battle on Offshore Wind
Big Oil has an unusual ask for President Trump: Please stop your battle against offshore wind. Oil lobbyists have made the case to Trump officials in recent weeks that his attacks on wind farms off the U.S. coast risk derailing congressional…
Abu Dhabi Offers More Oil to Partners in Countdown to OPEC+ Meet
More of Abu Dhabi's flagship Murban crude is set to be exported in April, according to people familiar with the plans, adding to indications of robust oil supplies from countries across the key producing region. Government-owned Abu Dhabi National…
An oil refinery defined life in this quaint California city. What happens when it's gone?
Less than 40 miles north of San Francisco, the city of Benicia has the quaint ambience of an American small town, where a white gazebo and sign for a community crab bake mark the approach to a vibrant downtown stretch of restaurants, cafes and…
Oil Steadies as Traders Weigh Fresh US-Iran Nuclear Discussions
Oil steadied after the US and Iran agreed to more nuclear talks next week following a round of discussions on Thursday, as a huge deployment of American forces in the Middle East kept the market on edge. West Texas Intermediate traded near $65 a…
Nymex Overview: Oil, Products Up in Choppy Trade on Uncertain US-Iran Talks -- OPIS
London-based April ICE Brent was up by around $1.20 to $72.05/bbl and May Brent increased $1.15 to $71.85/bbl. Refined product contracts largely tracked crude's gains. The more-active April NYMEX RBOB was 2.5cts higher to about $2.2705/gal and…
UK Holds Talks With Oil and Gas Producers on Ending Windfall Tax
The UK Treasury is considering scrapping a windfall tax on North Sea oil and gas following persistent pushback from producers, according to a person familiar with the matter. Ministers have been holding meetings with industry representatives to…
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