Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Michigan accuses big oil of being 'cartel' that fuels climate crisis and high energy costs
Amid rising concern about global heating and soaring energy costs, Michigan has sued big oil for allegedly fueling both crises – a move experts have hailed as groundbreaking. In a first-of-its-kind complaint, the state's attorney general…
Cuba: UN warns of possible humanitarian 'collapse', as oil supplies dwindle
The United States has threatened to impose tariffs on any country providing oil to Cuba, increasing pressure on the island nation following a decades-long trade embargo and the US seizure of Venezuela's leader Nicolás Maduro last month.
Tourmaline Oil Corp. stock falls Thursday, still outperforms market
Shares of Tourmaline Oil Corp. TOU dropped 0.57% to C$62.26 Thursday, in what proved to be an all-around rough trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 1.77% to 31,994.60. Tourmaline Oil Corp. closed…
I explored a deserted industrial oil plant in Woodlands, and it feels like Singapore's version of Gotham City
Between restaurant visits and churning out reviews for Time Out's Food & Drink column, I like to embark on the occasional side quest, especially when it involves forgotten places in Singapore. Last year, that meant checking out a vacant infectious…
Oil settles down on easing supply concerns
HOUSTON: Oil prices settled down almost 3% on Thursday in choppy trading, after the US and Iran agreed to hold talks in Oman on Friday, easing concerns about Iranian crude supplies. Brent crude futures settled down US$1.91, or 2.75%, at US$67.55…
Should You Hold Oil-Dri (ODC)?
Diamond Hill Capital, an investment management company, released its “Small Cap Strategy” fourth-quarter 2025 investor letter. A copy of the letter can be downloaded here. The fourth quarter posted another period of favorable gains…
The Black Market for Russian and Iranian Oil Is in Trouble
Oil smuggling has been so enormously profitable that no matter how many obstacles Washington and Brussels put up, the barrels kept flowing. With a daily turnover of $1 billion, the black market has been just too attractive. For the first time…
ConocoPhillips Wants Venezuelan Payback Before Drilling for Oil
ConocoPhillips Chief Executive Officer Ryan Lance's priority in Venezuela is recouping billions his company is owed almost two decades after its oil projects were nationalized, rather than drilling new wells. Despite roughly $10 billion in…
Oil Holds Declines With Focus on US-Iran Nuclear Negotiations
Oil steadied after its biggest one-day drop in three weeks, with planned talks between Iran and the US later on Friday easing the immediate risk of military conflict and supply disruptions. West Texas Intermediate traded near $63 a barrel, after…
Oil Servicers Look to Middle East for Growth on Shale Slowdown
The world's largest oilfield-service providers are looking to production increases in the Middle East to help offset a slowdown in US shale. That's one of the big takeaways from comments this week made by executives at Helmerich & Payne Inc. and…
Turkey and Chevron Sign Agreement on Global Oil and Gas Exploration
Turkey signed a deal with Chevron Corp. on Thursday to jointly explore for oil and gas around the world, the country's energy ministry said. The agreement between Chevron and state-run Turkish Petroleum Corp, known by its initials TPAO, will see…
Shell to Pause Kazakh Oil and Gas Investments Amid Disputes
Shell Plc will pause investment in Kazakhstan as it navigates legal claims from the OPEC+ nation against oil majors that could stretch into the billions of dollars, Chief Executive Officer Wael Sawan said. Kazakhstan is pressing multiple western…
Watch Oil Market Has 'A Bit of Oversupply,' Shell CEO Says
Oil Market Has 'A Bit of Oversupply,' Shell CEO Says Shell Chief Executive Officer Wael Sawan discusses the company's performance as its fourth-quarter profit slumped, undershooting expectations. 'There is indeed a bit of oversupply at the moment,'…
Ticker: U.S. job openings fall to 5-year low; Iran seizes oil tankers
Getting your Trinity Audio player ready... U.S. job openings fell to the lowest level in more than five years, another sign that the American labor market remains sluggish. The Labor Department reported Thursday that vacancies fell to 6.5 million…
Shell profits slump by more than a fifth amid oil price rout
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. Shell has laid bare the impact of last year's tumbling…
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