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, Venezuela and Oil
One early sign that things might not go so smoothly for the U.S. in its quest for Venezuelan oil was how American energy companies responded. In a meeting between oil executives and President Trump this month at the White House, Darren Woods, head…
Venezuela receives first revenues from oil sales to United States
Jan. 21 (UPI) -- Venezuela received $300 million Tuesday as part of revenues from oil sales to the United States, interim President Delcy Rodriguez said on social media. The funds represent the first tranche of a $500 million oil deal announced by…
US forces seize seventh sanctioned tanker linked to Venezuela in Trump's effort to control its oil
WASHINGTON -- U.S. military forces boarded and took control of a seventh oil tanker connected with Venezuela on Tuesday as part of the Trump administration's broader efforts to take control of the South American country's oil. U.S. Southern Command…
Trump Says Ayatollah's Dictatorship Must Go - What About Iranian Oil?
Protests sweeping Iran are the widest ranging since 1979. The world is transfixed not just because of its iconic imagery or even geopolitics, but rather one commodity: oil. Each new crisis in Iran revives fears of a repeat of 1979, when Iranian oil…
US military says it seized another Venezuela-linked oil tanker
Seizing of vessel in Caribbean Sea is seventh apprehension in Trump's campaign to control Venezuela's oil flows The US military said it seized another oil tanker with links to Venezuela on Tuesday, in the Caribbean Sea. The report marks the seventh…
US Seizes Seventh Sanctioned Oil Tanker Tied to Venezuela - TT
Sculpture of a hand holding an oil drilling rig outside Petroleos de Venezuela SA's headquarters in the capital city of Caracas. (Javier Campos/picture alliance/Getty Images) [Stay on top of transportation news: Get TTNews in your inbox.] U.S.
Trump hits out at UK over North Sea oil barriers
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. US president Donald Trump has hit out at the…
U.S. seizes seventh oil tanker connected to Venezuela
Jan. 21 (UPI) -- The U.S. military has seized a seventh tanker transporting oil from Venezuela, as the Trump administration seeks to control the nation's oil exports and revenue. The tanker, identified as motor vessel Sagitta, was captured by U.S.
Trump hits out at Britain's 'catastrophic' North Sea oil and gas curbs
Donald Trump lashed out at Britain's 'catastrophic' North Sea oil and gas curbs today as he stoked Transatlantic tensions. The US president condemned the UK for failing to exploit energy resources as he gave a rambling speech at Davos. The comment…
How Trump's oil tanker seizures add to crackdown on 'shadow fleet
Since the start of December, the Trump administration has seized seven oil tankers that were, or were previously known for, carrying Venezuelan oil. The seizures began as part of the administration's campaign to oust former Venezuelan dictator…
US military seizes seventh oil tanker linked to Venezuela
A Venezuela -linked tanker was seized by the U.S. military in the Caribbean on Tuesday, marking the seventh such incident since the beginning of President Donald Trump 's month-long campaign to disrupt Venezuela's oil shipments. The Motor Vessel…
World oil market faces significant surplus in first quarter, IEA says
The global oil market will be in deep surplus in the first quarter of 2026, the International Energy Agency (IEA) said on Wednesday, as so far excess supplies have offset the geopolitical risk of disruption. The IEA, which advises industrialised…
Addressing Questions On Oil, Geopolitics, And Midstream
Tension in Iran added a risk premium to oil prices in an otherwise oversupplied global market. While there's little direct impact to US midstream from Venezuela, Canadian midstream names saw pressure that seemed overdone. Given market oversupply…
Oil Declines as Trump's Push to Take Greenland Rattles Markets
Oil declined as US President Donald Trump's attempts to annex Greenland sent jitters through wider markets. West Texas Intermediate fell below $60 a barrel after moving higher at the start of the week, while Brent crude closed near $65. The…
Trump seizes seventh tanker in Caribbean after it 'took oil from Venezuela
AMERICAN forces have seized a seventh oil tanker linked to Venezuela as President Donald Trump ramps up his campaign to choke off illicit crude exports from the country. US Southern Command said the Motor Vessel Sagitta was boarded and taken under…
Receive a Daily briefing on Oil Industry News
Get Started