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-linked oil firm prepares to drill in Greenland but lacks permits
Aug. 8 (UPI) -- Greenland has issued a 'strong warning' to an American oil company linked to President Donald Trump, as it prepares to drill on the territory despite lacking proper permits. Local residents in the southeastern region of Jameson Land…
Greenland issues 'strong warning' as Trump-linked oil firm prepares to drill
An American oil company connected to Donald Trump is preparing to sink wells in remote Greenland despite not having received permission from the local authorities. As the US president renews his threats to claim the vast Arctic territory, materials…
Sadiq Khan calls on Andy Burnham to commit to climate action as pressure grows over North Sea oil
Sadiq Khan has called on the government to commit to revamped climate action and to reduce the UK's reliance on oil and gas, as the UK endures a summer of drought, wildfires and heatwaves. Writing in the Guardian, the mayor of London said that Andy…
BP Sale Makes US Investor Germany's Second-Largest Oil Refiner
Over the past three decades, American investor A. Gary Klesch has amassed a portfolio of struggling steel mills, aluminum smelters, chemical plants and oil refineries, betting he could squeeze value from businesses their previous owners no longer…
Russia in flames as huge blaze engulfs oil refinery in nightmare for Putin
Thick black smoke rises over the refinery A huge blaze tore through Russia 's Syzran oil refinery on Saturday following a Ukrainian drone attack, sending thick black smoke rising over the Rosneft facility. Ukraine's General Staff confirmed its…
Dulis: Climate Doomer Adam McKay Dismisses Questions About His 2nd Home in Ireland While Warning 'Billions Will Die' Because of Oil
Filmmaker Adam McKay, a DSA member and hardcore climate doomsayer, has finally addressed — indirectly, at least — the issue of his hypocritical campaign to kill the oil industry while jetting between homes in Los Angeles and Ireland.
'Pizza in your mouth': Former baker showcases infused oils at State Fair
INDIANAPOLIS (WISH) — Every Saturday morning on Daybreak, WISH-TV highlights a local company with its partners at Indiana Grown. Sarah Lakin, owner of Happy Little Pineapple Shop, is showcasing her infused olive oils at the Indiana State…
Ukraine Strikes Oil Refinery in Russia's Krasnodar Region in Drone Attack
A fire broke out at the Ilsky oil refinery, and five people were wounded in Russia's Krasnodar region following a Ukrainian drone attack, local authorities said on Saturday. Separately, drones targeted an industrial facility in Russia's Samara…
US Bill to sanction Russian oil: Why it could become not just India's, but the world's problem
India depends on imports to meet over 88% of its crude oil needs, and Russia currently makes up over half of these imports. While the proposed legislation would certainly be a cause of concern for New Delhi, the key aspect to remember is that the…
Fire at Russia's Ilsky oil refinery put out after Ukrainian drone attack
Sign up now: Get ST's newsletters delivered to your inbox Published Aug 08, 2026, 05:33 PM MOSCOW, Aug 8 - A fire at the Ilsky oil refinery in Russia's southern Krasnodar region has been extinguished, local authorities said on Saturday, adding that…
Greenland has 'strong warning' as oil firm linked to Trump prepares to drill
A Texas oil company has reportedly prepared for drilling in Greenland without permission Greenland issued a “strong warning” after an American oil company connected to President Donald Trump is reportedly preparing to drill wells in a…
In Pakistan, expanding Gwadar port reduces fishers to oil smugglers
Friday 12 June was a hot day in the south-western Pakistani city of Gwadar. Shamsul Haq Kalmati went to the beach for his usual morning walk but was shocked by something new. “My friend noticed something wrong and told me to look at the…
Northern Oil and Gas Q2 Earnings Call Highlights
3 Mid-Cap Energy Firms Analysts See Moving Up to the Big Leagues Northern Oil and Gas NYSE: NOG reported higher second-quarter cash flow and production, citing the benefits of its diversified non-operated portfolio despite Permian Basin…
E20 Petrol Safe or Risky? Oil Companies Reveal Results After Nationwide Fuel Tests | Dynamite News
Post Published By: Sreeja Chowdhury Updated: 8 August 2026, 10:41 AM IST New Delhi: State-controlled oil marketing companies have put to rest worries about the quality of E20 petrol by claiming that tests conducted throughout India have not…
Magnolia Oil & Gas Q2 Earnings Call Highlights
3 Top Energy Stocks to Buy in 2022 Magnolia Oil & Gas NYSE: MGY reported record quarterly production in the second quarter of 2026, raised its full-year standalone production-growth outlook and provided additional details on its pending acquisition…
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