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 Oil Industry's Unexpected Role in the Data Center Era - News Anyway
A server rack is not what artificial intelligence looks like in the future. It has a little diesel and hot metal fragrance. The iconic shadows of rigs puncturing layers of shale and pumpjacks swaying slowly against a flat Texas sky are still…
Santander 'quietly dilutes' targets to cut emissions in oil and gas financing
Shareholder activists have criticised Santander for “quietly diluting” targets to cut planet-heating emissions driven by the financing of fossil fuel and aviation firms. The banking group said it had updated its climate alignment…
As nuclear talks restart in Geneva, Iran's 'oil on the water' reaches record levels
In advance of the third round of negotiations between the U.S. and Iran on Thursday, Iranian oil flows through the Straits of Hormuz chokepoint have spiked in the last fortnight and the amount loaded onto storage tankers or en route to market has…
Escalating an oil dispute, Hungary says Ukraine plans to disrupt energy system
BUDAPEST, Feb 25 (Reuters) - Hungary's Prime Minister Viktor Orban accused Ukraine on Wednesday of planning to disrupt the Hungarian energy system, and dispatched troops to safeguard infrastructure, escalating a dispute that has…
European Gas Prices Vulnerable to Oil Rally and Gulf Risks
1017 GMT – Geopolitical risks that push oil prices higher also create upside for gas, as some long-term LNG and pipeline supplies to Europe are linked to crude, Rabobank analysts say. Key triggers include a sharp crude rally boosting…
A Supreme Court Shield for Big Oil Would Come at Your Expense
When we talk about someone wanting to both eat their cake and still have it, we're using a logical impossibility to highlight the cake-haver's delusional mental state. When it comes to the fossil-fuel industry's cake and its treatment by President…
India Holds Line on Russian Oil With Trump's Tariffs in Question
Indian refiners are keeping Russian oil purchases to a minimum after a US Supreme Court ruling at the end of last week threw into question a long-awaited trade deal that would cut tariffs in exchange for halting those imports. Processors have…
One type of olive oil has a surprising effect on brainpower during aging
Olive oil has long been shown to benefit heart health — but a new Spanish study from Universitat Rovira i Virgili revealed that extra virgin olive oil may also protect brain health. The study found that people who consumed virgin olive oil…
Oil Rises on Likely Position Adjustments Before U.S.-Iran Talks
0108 GMT — Oil rises in morning Asian session on likely position adjustments before today's U.S.-Iran talks. The “geopolitical risk premium could spike at any moment” amid the U.S. military buildup in the Middle East, Tradu's…
Oil drops more than 1% on US stockpiles, with US-Iran talks also in focus
LONDON, Feb 26 (Reuters) - Oil prices fell on Thursday after the biggest jump in U.S. crude inventories in three years, with signs of weakness in the physical oil market also weighing on prices, while traders assess the supply…
US allows Cuba to import Venezuelan oil
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
U.S. Crude Oil Stockpiles Post Large Weekly Build
U.S. crude oil inventories posted their biggest weekly increase in three years as imports rose, exports fell and refineries cut their capacity use, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude…
Oil settles little changed as supply worries persist
HOUSTON: Oil prices settled largely unchanged on Wednesday as a much larger-than-expected US crude stock build did not do much to calm jitters about the threat to oil supply from potential military conflict between the US and Iran. Brent futures…
Treasury targets entities aiding Iranian oil sales and missile production
“Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and support its terrorist proxies,” Treasury Secretary Scott Bessent said in a…
India Scraps South American Soy Oil Cargoes as Prices Rally
India, the world's biggest soybean oil buyer, canceled several more cargoes from South America as a rally in international prices gave traders an opportunity to book profits. About 65,000 to 75,000 tons that Indian traders booked for April to July…
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