Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The truth behind Donald Trump's 'biggest oil deal in world history'
Donald Trump has long coveted the oilfields of other nations and declared an agreement with Venezuela to be “the biggest oil deal in world history”. But the deal, reached after the US seized Venezuelan president Nicolás Maduro…
Venezuela's oil cradle pins hopes on US energy deals
More than a century after sparking an oil boom that transformed Venezuela, the small town of Mene Grande is again in the sights of investors. The United States has claimed a 20 percent stake in Venezuela's vast oil reserves -- including many local…
Import duty cut on edible oils ahead of festivals | Explained
The Story So Far: Ahead of the upcoming festival season, where the demand for edible oil is likely to increase, the Union Government announced on September 24 through a press release issued by the Consumer Affairs Department that the Basic Customs…
Russia burns as fire erupts at oil refinery after Ukraine defies Trump's demand
Ilsky oil refinery in Krasnodar was hit by a Ukrainian attack Ukraine has claimed responsibility for an attack on yet another oil facility deep inside Russia. Overnight, the Ukrainian Defence Forces struck the Ilsky Oil Refinery, located in the…
Number of int'l flight passengers up 10% this year despite hikes in oil prices
The number of international flight passengers using Korean airports rose around 10 percent in the January-August period from a year earlier despite a sharp rise in oil prices, data showed Saturday. A total of 68.44 million people used international…
Steak will have 'beefier flavour' if you ditch usual oil for overlooked ingredient
Steak will be 'beefier' if you cook it with an overlooked ingredient Steak is often cooked with oils such as olive and vegetable oil, but one chef insists there's a much better cooking ingredient for boosting its flavour. Whether it's sirloin…
Behind the scenes: summit row and oil deal test Hungary-Ukraine ties
A diplomatic dispute over Hungary's participation in a Ukrainian-led regional summit, followed by the disclosure of an oil-storage agreement between Hungarian energy group MOL and Ukraine's Naftogaz, has driven relations between Budapest and Kyiv…
Trump stonewalls Iran as U.S. helps double oil volume exiting the Persian Gulf, with the military now guiding ships through Hormuz in broad daylight
President Donald Trump signaled he's in no hurry to make a deal with Iran and rejected Tehran's latest proposal, as the U.S. military facilitates the transit of more oil through the Strait of Hormuz. The Islamic Republic had reportedly offered a…
Chevy's New V8: Why Cars Will Have Engine Oil Dipsticks But Trucks Won't
Among the oldest engines still in production today is the small-block Chevy (SBC) V8, and you may have heard that GM recently took the covers off the latest entrants into the sixth-gen family — the 5.7-liter L76 and 6.6-liter L78. While the…
SAUDI OIL EXPORTS SURGE AS GULF SHIPPING COSTS MOUNT
Saudi Arabia's crude oil shipments in September reportedly reached their highest level since the Iran war began, according to financial news outlet CNBC, which reported the figure in a post from the account @FirstSquawk on Thursday. The report…
Oil price reprieve helps stocks finish week higher | Arkansas Democrat Gazette
NEW YORK -- A cooldown in oil prices on Friday helped release some of the pressure that's built up on Wall Street, and U.S. stocks closed out their first winning week in the last three. The S&P 500 added 0.5% to break a three-day losing streak…
Tough oil stains will vanish when covered in 2 common household items before washing
Oil-based stains can be incredibly tricky to remove, but the secret weapon may be two common items There's nothing worse than finding a stain on an otherwise pristine piece of clothing. Depending on the source of the stain, they can be difficult to…
For Retirees Who Want Oil Income: Chevron vs. ExxonMobil
For a retirement-focused investor looking at oil majors today, the choice comes down to Chevron versus ExxonMobil (NYSE:XOM), and the question is simple: Which one deserves the closer look right now for durable oil-patch income? Both are Dividend…
VFYW: The Oil Engine That Could
(For the View From Your Window contest, the results below exceed the content limit for Substack's email service, so to ensure that you see the full results, click the headline above.) Highlights from this week's write-up: The freed slave who taught…
VAALCO Energy Sees African Oil Deals as Majors Exit Mature Assets
Vaalco Energy NYSE: EGY outlined its approach to investing in African oil and gas assets, emphasizing established infrastructure, production-sharing contracts and opportunities created as major energy companies divest mature positions in favor of…
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