Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
TribCast: Will Venezuela impact Texas' oil industry?
This week, TribCast is looking at how a decision made hundreds of miles away in Washington, D.C., and executed thousands of miles away, in Venezuela, could have huge impacts here in Texas. Texas Tribune economy and industry reporter Paul Cobler and…
Michigan Sues Oil Giants, Saying They Collude to Make Energy Costlier
A new lawsuit against oil giants over their role in climate change is pursuing a novel strategy that may ring a bell. It's focusing on high prices and affordability. The federal antitrust lawsuit, filed Friday by Michigan's attorney general…
Gulf Oil Giants Finance India AI Energy Infrastructure Investment
At India Energy Week, the subtext is not just about oil—it is about the electricity required to power artificial intelligence at scale. India is positioning itself as the testbed where energy infrastructure meets AI expansion. Ahead of…
Ex-Opec chief 'accepted benefits' from oil tycoons, London court hears
The first and only female president of Opec accepted cash bribes and luxury perks, a London court has heard. Diezani Alison-Madueke is accused of accepting £40,000 for gardening and Christmas decorations as a bribe when she served as…
Canada and India agree to expand oil and gas trade as energy ties reset
Canada and India are moving to expand energy trade, pledging to increase shipments of oil and gas as they seek to rebalance their economic and geopolitical relationships. The decision was announced on Tuesday at India Energy Week in Goa, where…
Ex-Nigeria oil minister Diezani Alison-Madueke stands trial in UK on bribery charges
Steve SwannSouthwark Crown Court A former oil minister in Nigeria accepted bribes, including the use of multimillion-pound properties and 'a life of luxury in the United Kingdom', from industry figures interested in government contracts, a court in…
Tourism in Cuba plummets as tensions with US increase and Venezuela oil shipments drop
HAVANA -- It's almost noon in Havana when a handful of tourists tumble out of a small yellow bus and rush toward a row of shiny classic cars, cameras in hand. Nearby, under the shade of a beach almond tree, a group of drivers jump to their feet…
Oil: I've Never Been More Bullish On Energy
Energy has been one of my core themes for years, but after a brutal downturn, sentiment is now washed out and expectations are unusually low. I believe today's weak oil prices are doing the work for me, setting up supply constraints just as the…
Texas oil executive lobbies against Georgia sanctions legislation
A Republican donor and Texas oil executive is lobbying against bipartisan legislation imposing sanctions on pro-Russian, anti-democratic officials in the country of Georgia, according to a letter obtained by The Hill. Steve Nicandros, chairman and…
Is your sourdough FAKE? Supermarket brands bulked out with oils
READ MORE: The six WORST foods for your gut health, revealed by experts... and it's bad news if you're a fan of sliced bread, fizzy drinks and oysters It's the staple of cafes and artisan bakeries, loved by celebrities like Taylor Swift and…
Tourism in Cuba plummets as tensions with US increase and Venezuela oil shipments drop
Getting your Trinity Audio player ready... By DÁNICA COTO, Associated Press HAVANA (AP) — It's almost noon in Havana when a handful of tourists tumble out of a small yellow bus and rush toward a row of shiny classic cars, cameras in…
Oil prices surge as winter storm slams US output
HOUSTON: Oil prices settled 3% higher on Tuesday as producers reeled from a winter storm that hobbled crude production and drove US Gulf Coast crude exports to zero over the weekend. Brent crude futures settled up US$1.98 or 3.02%, at US$67.57 a…
Oil Major Eni Holds Talks With Mercuria Over Trading Partnership
Italian energy major Eni SpA has held talks with Mercuria Energy Group over a potential partnership in commodity trading, according to people familiar with the matter. The talks follow a period of bumper profitability for the energy trading…
Deep Freeze Wreaks Havoc on Texas Oil Producers, Refiners - TT
Snow and ice in Dallas on Jan. 26. (Mark Felix/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] A massive winter storm that swept the U.S. over the weekend crippled oil and gas producers and the industrial plants that…
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