Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bbc.co.uk - David McKenna - Permit variation granted for Rathlin Energy oil and gas site
Permit variation granted for Rathlin Energy oil and gas site
BBC

David McKennaEast Yorkshire and Lincolnshire The Environment Agency has granted a permit variation for Rathlin Energy (UK) at its East Yorkshire site. The firm, which has operated at West Newton since 2013 and has a permit for drilling wells and…

denverpost.com - Lynn Granger - Global energy demand is rising as Colorado hinders the oil and gas industry (Opinion)
Global energy demand is rising as Colorado hinders the oil and gas industry (Opinion)
The Denver Post

Getting your Trinity Audio player ready... This month at an annual meeting hosted by an international energy technology firm, I joined leaders from around the world to discuss the global energy outlook. What struck me most about the diverse…

wsj.com - Oil Futures Consolidate as Traders Assess U.S.-Iran Developments
Oil Futures Consolidate as Traders Assess U.S.-Iran Developments
Wall Street Journal

0201 GMT — Oil futures consolidate as traders assess U.S.-Iran developments. Vice President JD Vance said Iran had failed to acknowledge core U.S. demands in talks on Tuesday, after which Washington said it had agreed to give Tehran two…

cnn.com - Niah Humphrey - Iranian oil exports dipping amid heightened tensions with U.S.
Iranian oil exports dipping amid heightened tensions with U.S.
CNN

Iran's crude oil exports have declined to their lowest level in two years, as tensions with the United States continue. Becky Anderson asks Amena Bakr, Head of Middle East Energy and OPEC+ Insights at Kpler, about the current geopolitical pressure…

upi.com - Mar Puig - Venezuelan U.S. oil expert freed after arrest with no charges
Venezuelan U.S. oil expert freed after arrest with no charges
UPI

Feb. 17 (UPI) -- The Venezuelan government on Tuesday released Evanan Romero, a Venezuelan-American oil consultant detained four days earlier at the Maracaibo airport, without a judicial warrant or formal charges publicly announced. Romero, 86, a…

afr.com - Angela Macdonald-Smith - Santos profit sinks 35pc on weaker oil and gas prices
Santos profit sinks 35pc on weaker oil and gas prices
Australian Financial Review

Follow our live coverage of the February 2026 ASX reporting season Santos has reported a bigger-than-expected 35 per cent drop in full-year profit as softer oil and gas prices and higher costs for new projects more than wiped out a modest gain in…

ttnews.com - Bloomberg News - Sinokor Snaps Up Supertankers in Crude Oil Market Shakeup - TT
Sinokor Snaps Up Supertankers in Crude Oil Market Shakeup - TT
Transport Topics

Tankers moored in Ulsan, South Korea. (SeongJoon Cho/Bloomberg) A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market — with help from one of…

globenewswire.com - Falcon Oil & Gas Ltd. - Falcon Oil & Gas Ltd. - Notice of Cancellation of Admission to Trading on AIM
Falcon Oil & Gas Ltd. - Notice of Cancellation of Admission to Trading on AIM
GlobeNewswire

Notice of Cancellation of Admission to Trading on AIM 17 February 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces, in accordance with applicable AIM Rules, that the admission of Falcon's common shares to trading on AIM will be cancelled…

newrepublic.com - Edith Olmsted - Trump Energy Secretary Boasts About Billions in Stolen Oil
Trump Energy Secretary Boasts About Billions in Stolen Oil
The New Republic

Energy Secretary Chris Wright is attempting to repackage America's illegal efforts to seize and sell Venezuela's oil as an act of “out-of-the-box” diplomacy. Some might just call it piracy. Speaking on Fox News Tuesday, Wright boasted…

zerohedge.com - Tyler Durden - China's Unprecedented Oil Stockpiling Sparks Questions If Beijing Is Preparing For War
China's Unprecedented Oil Stockpiling Sparks Questions If Beijing Is Preparing For War
Zero Hedge

Almost four years ago we pointed out something striking: while the world was still busy recovering from the covid Pandemic and suffering under soaring inflation - as seemingly everything was suddenly in short supply and prices were soaring - China…

nypost.com - CA Post Editorial Board - California's oil isn't better in the Bahamas
California's oil isn't better in the Bahamas
New York Post

California is so desperate for gasoline — despite sitting on billions of barrels in oil reserves — that it is importing fuel via the Bahamas. That's because Gavin Newsom's regulators are driving the fossil fuel industry out of the…

washingtonexaminer.com - Robert H. Bork Jr. - MI AG's antitrust suit against Big Oil is the sincerest form of flattery
MI AG's antitrust suit against Big Oil is the sincerest form of flattery
Washington Examiner

According to Michigan's attorney general, these dastardly fossil fuel companies harmed the rollout of renewable energy by abandoning renewable energy projects, by using patents and patent litigation to stymie renewables, and by working through a…

mirror.co.uk - Eve Rowlands - I snagged a £62 body oil for just £7.40 with new beauty box
I snagged a £62 body oil for just £7.40 with new beauty box
The Mirror

A fresh, fruity or floral scent is often the finishing touch that makes me feel put together. A spritz of perfume gives me a spring in my step to leave the house with confidence, so I'm always delighted at the chance to expand my fragrance…

bloomberg.com - Venezuela Releases Oil Expert Whose Detention Raised Red Flags
Venezuela Releases Oil Expert Whose Detention Raised Red Flags
Bloomberg

Venezuela has released a prominent oil consultant who also has US citizenship after four days in detention, a case that highlights the country's persistent risks as the Washington-backed administration in Caracas seeks to revive the petroleum…

wsj.com - Benoît Morenne - Resilient U.S. Oil Production Is a Boon to Trump. How Long Will It Last?
Resilient U.S. Oil Production Is a Boon to Trump. How Long Will It Last?
Wall Street Journal

MIDLAND COUNTY, Texas—Perched in the control room of a rig, an operator steered a drilling bit thousands of feet under the arid surface of the Permian Basin. As he did so, he received real-time directions from a specialist in Houston, some…

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