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 to propose relaxing methane rules for oil and gas industry
The Trump administration will propose to loosen restrictions that rein in methane from oil and gas production, it announced Wednesday. The Environmental Protection Agency (EPA) said in a press release that in the coming days, it will propose…
WA's oil and gas industry watches impact of High Court ruling closely
A landmark ruling in the High Court has found planning authorities in New South Wales are required to consider global climate change impacts when approving local fossil fuel projects. Industry bodies and consultants are concerned the ruling could…
Crude Oil Surge Hits Oil-Sensitive Stocks
On Thursday, during intraday trading, shares of oil marketing companies, aviation firms, paint manufacturers and tyre makers fell by around 1-5 per cent. The decline was attributed to a surge in crude oil prices amid renewed concerns over supply…
Pacific Coast Energy Starts Work to Revive Venezuela Oil Fields
Pacific Coast Energy Co., a California-based oil producer, started work in Venezuela and plans to double its output there within six months to 40,000 barrels a day. The company began operations during the third quarter in the Delta and Cabimas…
Oil Traders Are Increasingly Tuning Out Trump's Iran Rhetoric
On the evening of April 1, President Donald Trump said in a televised address that the US would strike Iran and send it “back to the stone ages” unless it signed a peace deal. Oil prices surged after his comments in early Asian…
Galp Energia and Equinor Get Offshore Brazilian Oil Block
Portugal's Galp Energia and Norway's Equinor have been awarded an offshore oil block in Brazil's Santos Basin. Galp said late Wednesday that it will own a 30% stake in the Rodocrosita block with Equinor owning the remainder and acting as operator.
Oil prices rise sharply on Middle East tensions and US hurricane threat
Oil prices have risen sharply amid fears about escalating tensions in the Middle East and a squeeze on production from the threat of a hurricane off the US coast. Brent crude, the international benchmark, rose by 3.8% to $104 a barrel on Thursday…
Trump to propose relaxing oil and gas methane rules
The Trump administration plans to loosen restrictions that rein in methane from oil and gas production, it announced Wednesday. © Matthew Brown, Associated Press The Environmental Protection Agency (EPA) said in a press release that in the…
Oil Gains as Mideast Tensions Amplify Supply-Disruption Concerns
Houthi militants escalated their conflict with Saudi Arabia, attacking two airports in the kingdom. The assault on King Khalid International Airport in Riyadh killed a Sudanese national and wounded eight other people. A separate attack on the…
What independence could mean for oil-rich Alberta's economy
Nadine Yousif Senior Canada reporter For Alberta independence supporter Keith Wilson, the western Canadian province is in a league of its own. With its wealth of rich oil and gas reserves, a significant agricultural sector and a young and skilled…
What independence could mean for oil-rich Alberta's economy
For Alberta independence supporter Keith Wilson, the western Canadian province is in a league of its own. With its wealth of rich oil and gas reserves, a significant agricultural sector and a young and skilled workforce, its economy is one to be…
Oil Rises Amid Rising Mideast Tensions
0009 GMT — Oil rises in early Asian trade amid rising Middle East tensions that could intensify supply-disruption fears. Attacks claimed by Houthi militants damaged two airports in Saudi Arabia. The Houthis have taken a lot of territory in a…
Where do energy deals with Kenya, Tanzania leave oil importers?
Rwanda has operationalised bulk petroleum importation through Rwanda National Energy Company Ltd (RNEC), using Tanzania's Port of Tanga and Kenya's Port of Mombasa to strengthen security of supply and diversify import routes. According to the…
Current price of oil as of Oct. 8, 2026
Hillary Clinton built a fraud in Tripoli. Trump can secure Libya's oil
The State Department stubbornly clings to a phantom diplomacy, recognizing a corrupt, Islamist faction in Tripoli as Libya's sole government. Yet, the physical map dismantles this Washington fantasy. In reality, Benghazi-based Field Marshal Khalifa…
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