Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Resurfaced Video Proves Abdul El-Sayed Would Vote to End America's Oil and Gas Industry
Back in August, Abdul El-Sayed made a fool of himself on Fox News when he sat down for an interview with Jesse Watters. One of the things that came up during that interview was El-Sayed's support for banning the internal combustion engine —…
Trump: Russian Oil Deal to Drive Diesel, Energy Prices Down 'Fast
President Donald Trump said a deal with Russia will bring 'massive amounts of oil' and diesel into the United States, and that prices will fall as a result. Speaking to reporters on Thursday, the president confirmed the agreement and thanked…
Hurricane Isaias to 'stress test' oil markets already hobbled by tight fuel supplies
The oil shock created by the Iran war is about to face its first hurricane of the Atlantic storm season, which is set to hit Friday near the heart of the U.S. oil production and refining industry. “At a time of unprecedented oil supply…
Bitcoin Recovers Some Ground on Falling Yields, Oil -- 2nd Update
The flagship cryptocurrency climbed 0.8% to $82,412 after a week of heavy selling pressure saw it fall to as low as $80,544 during Thursday's session, a two-and-a-half week low. Risk appetite improved on Friday on investor hopes for diplomatic…
Venezuela Wants to Return to the Days When Its Oil Fields Were Booming-With U.S. Help
CABIMAS, Venezuela—An oil gusher discovered more than 100 years ago gave birth to Venezuela's energy industry near this once-booming city on the shores of Lake Maracaibo. Today, Cabimas is ground zero for the U.S. effort to resurrect the…
Nymex Overview: Oil Edges Higher; Hurricane Isaias in Focus -- OPIS
Oil futures were slightly higher around midday Friday following the previous day's sharp rally as market participants evaluated the impacts from shut-ins of offshore oil platforms and possible operational issues of two U.S. Gulf Coast oil…
Hurricane Isaias Shuts In Oil Platforms; Two Refineries on Alert -- OPIS
Isaias has already impacted offshore crude oil and natural gas production in the U.S. Gulf Coast region, the Energy Information Administration said early Friday. Based on midday Thursday offshore operator reports, the U.S. Martine Minerals…
Couche-Tard to Acquire Irving Oil Retail Assets in Quebec, Ontario
Alimentation Couche-Tard has agreed to acquire certain assets in Quebec and Ontario from Irving Oil. The Canadian convenience store operator on Friday said it will acquire 50 retail sites already operated by Couche-Tard under the Quebec Alliance…
Markets Rebound As Geopolitical Tensions Ease And Oil Prices Fall
Crude oil prices retreat. Tech stocks in recovery mode after clarification of OpenAI revenues. SpaceX agrees to buy low-band spectrum licenses to challenge mobile carriers. It's been a tough week for traders with a variety of headlines that have…
With Oil Over $100 and a $7 Billion Offer on the Table, Is ConocoPhillips the Most Interesting Oil Stock to Buy Right Now?
ConocoPhillips (COP -0.07%) has six operating segments: Lower 48; Europe; Middle East and North Africa, Asia Pacific; Alaska; Canada; and Other International. It just received an unsolicited offer to buy some of its European assets, which may be…
Oil prices settle as Trump touts 'productive' talks with Iran - TT
Trump said in a social media post on Oct. 8 that his team has been “having productive discussions with the Islamic Republic of Iran.” He also indicated that he will not order a resumption of military strikes on Iran before the Nov. 3…
The oil market that sets today's gas prices was invented in western Pennsylvania
The fall of 2026 is a moment of energy centrality, when geopolitics unfolding far away shows up in Americans' everyday lives. In Pennsylvania, the statewide diesel price averages US$6.50 per gallon. In Iowa, farmers are paying more than $6 a gallon…
How a Billionaire Flipped a Venezuela Oil Field For $500 Million
Colombia's richest man Jaime Gilinski is poised to turn a Venezuelan oil field contract that cost him almost nothing into a $500 million stake in a Latin American crude producer that he's now on the cusp of controlling. How Gilinski obtained the…
Zelenskyy Urgently Attacks Russian Oil/Fuel Export Terminal
Immediately after President Trump announced a strategic energy supply deal with Russian Federation President Vladimir Putin, Ukraine President Zelenskyy ordered drone strikes against the Russian oil/fuel export terminal NZNP. The targeted terminal…
Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say. President Donald Trump announced Friday that he…
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