Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Substantiation Says Oil Token Is Available on LMAX Digital
Energy Substantiation says institutions can now trade its WTI crude oil token (WTIC) on LMAX Digital, giving a commodity-linked digital asset another route into institutional markets. The issuer announced the availability Thursday, Oct. 15. It said…
OPEC's Smallest Member Rewrites Oil Law to Encourage Exploration
African oil producer Equatorial Guinea will next week pass a new package of favorable terms for oil explorers, with the intention of increasing investment to halt the steep plunge in its output. OPEC's smallest member, where crude production has…
Trump calls Ukraine's resumption of strikes on Russian oil refineries a 'disgrace'
Donald Trump has called Ukraine's renewed strikes on Russian oil refineries a “disgrace”, while renewing his criticism of Volodymyr Zelenskyy after an energy ceasefire between Russia and Ukraine collapsed. Ukraine resumed…
Ship attack reports near Hormuz reach record high as oil exports slow
The number of ships that have reported being attacked in and around the Strait of Hormuz has hit a record high, BBC Verify analysis of data from a UK maritime agency shows. Twelve vessels were attacked between 5 and 11 October - the largest number…
Ship attack reports near Hormuz reach record high as oil exports slow
Joshua Cheetham, Thomas Copeland and Alison Benjamin, BBC Verify The number of ships that have reported being attacked in and around the Strait of Hormuz has hit a record high, BBC Verify analysis of data from a UK maritime agency shows. Twelve…
Trump Is Making Deals with Big Oil
Bluesky With the US midterm elections less than three weeks away, is it any surprise that corruption has emerged as voters' top concern? “Corrupt” was the adjective most often chosen when registered voters were asked for a single word…
Trump says Ukraine resuming strikes on Russian oil sites is a 'disgrace'
President Donald Trump has labeled Ukraine's resumption of strikes on Russian oil refineries a “disgrace,” the latest salvo in his campaign to pressure the U.S. ally over rising gas prices that could cost Republicans in next month's…
Oil Falls, Weighed by IEA's Crude, Diesel Release Announcement
0029 GMT — Oil falls in early Asian trade, weighed down by the International Energy Agency's announcement to release crude oil and diesel fuel. The IEA said Thursday that the volume of emergency oil stocks being released by member countries…
Oil Prices Fall as Traders Weigh IEA Reserve Releases, Hormuz Risks
Oil prices fell Friday as traders weighed plans to accelerate emergency oil-stock releases against persistent Middle East supply risks and uncertainty over shipping through the Strait of Hormuz. December Brent crude futures fell 0.9% to $105.00 a…
Meet the Minnesota-based coconut oil company changing lives in the Philippines
Erik Olsen knew there was a mission to accomplish before he even knew what it was. It's what led him to leave a successful business venture for war-torn Iraq in 2003. 'My mom thought I was going to come back in a coffin,' he jokes decades later.
Zelenskyy Restarts Attacks Against Russian Oil Refineries
♦ First, keep in mind that any attacks against Russian infrastructure should always be evaluated against the capability of Russia to effectively mitigate such attacks. Russia is an analog infrastructure in a digital world, and one of the…
India revises windfall tax on petrol, diesel, ATF exports amid global oil market shifts
India's government has adjusted its windfall tax on fuel exports, increasing the levy on petrol while significantly cutting it for diesel, effective October 16, to manage domestic availability and respond to global crude oil price fluctuations. The…
Oil prices steady as uncertainty surrounds global supply - TT
A pump at a Buc-ee's station Oct. 12 in Johnstown, Colo. (David Zalubowski/AP) Tensions and uncertainties surrounding global oil supply and the situation in the Middle East dragged on. Tech stocks appeared to be headed for another sell-off before…
Oil Prices, Fed on Bank Indonesia's Radar Ahead of Next Meeting
BANGKOK—Two things on the Indonesian central bank's radar ahead of its next meeting are oil prices and the Federal Reserve. As of now, Bank Indonesia is expecting the Fed to hike in December, Gov. Destry Damayanti said Thursday on the…
Ukraine Resumes Strikes on Russian Oil Refineries
Welcome back to World Brief, where we're looking at Ukraine defying U.S. President Donald Trump's demand for an energy cease-fire, calls for Albanian Prime Minister Edi Rama to resign, and a new border crossing between China and North Korea.
Receive a Daily briefing on Oil Industry News
Get Started