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 Administration Oil Tanker Seizures Are Meant to Force Maduro Out, Officials Say
As the U.S. Coast Guard continued to pursue an oil tanker in the Atlantic Ocean on Monday, the Trump administration made clear that its targeting of ships carrying Venezuelan oil was intended to push Nicolás Maduro, the country's president…
Oil Futures Edge Lower on Likely Technical Correction
S Korea's state oil reserves top 100 million barrels, ministry says
Dec. 22 (Asia Today) -- South Korea has surpassed 100 million barrels in government-held oil reserves as it seeks to bolster energy security against global supply disruptions, the industry ministry said Monday. The Ministry of Trade, Industry and…
Aberdeen MSP sends P45 to Starmer over predicted loss of oil and gas jobs
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. An Aberdeen Central MSP has sent Prime…
Trump says US will keep or sell oil seized from Venezuela - BBC News
Donald Trump has said the US will keep or sell the crude oil contained on tankers it has seized off the coast of Venezuela, as well as the vessels themselves. The US president's comments came as Washington continues to pressure the South American…
Big Take: The Winners and Losers in a Cheap Oil Market
From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia and pressure on Maduro in Venezuela, even more oil could flood…
Chevron Steers Path to Oil's Biggest Prize in Venezuela - TT
An oil tanker anchored at the dock of an oil refinery on Dec. 18 in Puerto Cabello, Venezuela. (Jesus Vargas/Getty Images) [Stay on top of transportation news: Get TTNews in your inbox.] For almost two decades, oil giant Chevron Corp.'s stubborn…
2026 Energy Sector Outlook: Brace For Growing Oil Oversupply (NYSEARCA:XLE)
Energy Select Sector SPDR Fund (XLE) is rated 'Sell' for 2026 due to anticipated sector underperformance. XLE's heavy upstream exposure ties its performance closely to crude oil prices, which face major structural headwinds. Slowing GDP growth in…
Cheap Oil and Fed Cuts Could Power 2026 Rally in Cyclical Stocks
This article is for subscribers only. This time next year, where do you expect 10-year Treasury yields to be? Let us know in the latest Markets Pulse survey. US economic growth is set to accelerate with cheaper oil. Fed rate cuts are likely with…
UK drivers being overcharged as fuel prices fail to track oil market, watchdog finds
Drivers are being overcharged for petrol and diesel, the UK's consumer watchdog has said, dismissing forecourt operators' excuse for charging more at the pump. Fuel retailers have said they are unable to lower pump prices to keep pace with falling…
US Still in Pursuit of Third Oil Tanker
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Tensions with Venezuela Are Skyrocketing. So Why Is Oil So Cheap?
Never miss an episode. Follow The Big Take daily podcast today. From OPEC powerhouses and US shale producers to countries like Guyana, global producers are drilling more oil and driving down prices. And with the potential for a ceasefire in Russia…
US In Hot Pursuit of Another Venezuelan Oil Tanker
The U.S. has been pursuing a Venezuelan oil tanker since Sunday as the Trump administration ramps up pressure on the Venezuelan regime. So far, the U.S. has seized two oil tankers near Venezuela's coast after President Donald Trump ordered a…
Loss of Russian, Venezuelan oil a drop in ocean for world's crude glut
, register or subscribe to save articles for later. Add articles to your saved list and come back to them any time. Oil prices are hovering around their lowest point for the year despite the unexpectedly severe impact of US sanctions on Russia's…
'Landman': What's Real and What's Exaggerated According to the Series Co-Creator, Once an Oil Roughneck Himself
Like so many Taylor Sheridan series, “ Landman ” examines a unique American subculture. In this case, it's the oil drilling ecosystem that draws workers and billionaires alike to Texas. Series co-creator Christian Wallace is the man…
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