Oil Industry News

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

nytimes.com - Eric Lipton - Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
The New York Times

The executives dining at the White House to celebrate President Trump's $300 million ballroom — and their role in financing it — were a who's who of American industry. Many hailed from companies that are household names, like…

nytimes.com - Rebecca F. Elliott - A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
The New York Times

The United States' seizure of a tanker on Wednesday off the coast of Venezuela was clearly meant to rattle that country's autocratic government. The move will most likely make it more difficult for Venezuela to export oil, squeezing a crucial…

nytimes.com - Simon Romero - What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
The New York Times

An oil tanker docked at Cardon Refinery in Venezuela, in 2021.Credit...Adriana Loureiro Fernandez for The New York Times Listen to this article · 5:58 min Learn more The U.S. seizure of an oil tanker off the coast of Venezuela laid bare a…

bbc.co.uk - Shanaz Musafer - Maduro says Trump wants Venezuela's oil. But is that the real US goal? - BBC News
Maduro says Trump wants Venezuela's oil. But is that the real US goal? - BBC News
BBC

Image source, AFP via Getty Images Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the South American nation's vast oil reserves. This week the American military seized…

newsweek.com - Brett Erickson - Illicit Oil Is the Vulnerability We Should Be Targeting | Opinion
Illicit Oil Is the Vulnerability We Should Be Targeting | Opinion
Newsweek

Exploding speedboats make for viral clips on social media. But the U.S. seizure of a Venezuelan oil tanker this week did something those drug-boat strikes never have: it mattered. The captured vessel, laden with Venezuelan crude and falsely sailing…

newsweek.com -  Joshua Sammons - Reactions to US seizure of Venezuela oil tanker: The Conversation
Reactions to US seizure of Venezuela oil tanker: The Conversation
Newsweek

Welcome back to The Conversation, where we highlight our readers' comments from the past week. We turn our attention to the escalating tensions between Washington and Caracas ; this comes after the latest developments which saw the United States…

cnn.com - Mallory Thompson - Why oil tanker Venezuela is trending | CNN Politics
Why oil tanker Venezuela is trending | CNN Politics
CNN

President Donald Trump says the US seized an oil tanker off the coast of Venezuela on Wednesday. CNN's Alayna Treene explains this further escalation of US pressure against Venezuelan President Nicolas Maduro's regime. Discover more videos…

nytimes.com - Nicholas Nehamas - U.S. Issues New Sanctions Targeting Maduro's Family and the Oil Sector
U.S. Issues New Sanctions Targeting Maduro's Family and the Oil Sector
The New York Times

The United States on Thursday issued new sanctions on Venezuela's oil sector and on members of President Nicolás Maduro's family, while taking steps to keep tens of millions of dollars' worth of oil from a large tanker that U.S. forces…

thehill.com - Ryan Mancini - Cuba condemns US seizure of oil tanker
Cuba condemns US seizure of oil tanker
The Hill

Cuba's top diplomat on Wednesday called the U.S. Coast Guard's recent seizure of an oil tanker an “aggressive escalation” amid growing tensions between the Trump administration and Venezuela. “We condemn the vile act of piracy…

theguardian.com - Ben Martynoga - 'Soil is more important than oil': inside the perennial grain revolution
'Soil is more important than oil': inside the perennial grain revolution
The Guardian

On the concrete floor of a greenhouse in rural Kansas stands a neat grid of 100 plastic plant pots, each holding a straggly crown of strappy, grass-like leaves. These plants are perennials – they keep growing, year after year. That single…

abcnews.go.com -  JOSHUA GOODMAN and MICHAEL BIESECKER Associated Press - US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet
US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet
ABC News

MIAMI -- The oil tanker was navigating near the coast of Guyana recently when its location transponder showed it starting to zigzag. It was a seemingly improbable maneuver and the latest digital clue that the ship, the Skipper, was trying to…

independent.co.uk - Joe Sommerlad - Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
The Independent

Democrats on the House Oversight Committee have just released 19 new photos from Jeffrey Epstein's estate showing some of the people in the disgraced financier's social circle, including President Donald Trump. This is a breaking story, we'll bring…

independent.co.uk - Joe Sommerlad - Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
The Independent

President Donald Trump 's administration has placed further pressure on Venezuela by sanctioning three nephews of the country's leader Nicolas Maduro, a day after the U.S. seized one of its oil tankers in a dramatic escalation of existing tensions.

wsj.com - Oil Rises, Aided by IEA's Forecasts for Smaller Surplus in 2025, 2026
Oil Rises, Aided by IEA's Forecasts for Smaller Surplus in 2025, 2026
Wall Street Journal

0118 GMT — Oil rises in Asia's morning session. The International Energy Agency, which represents major oil-consuming nations, cut its forecasts for global oil supply growth to 3 million barrels a day this year and 2.4 million next year…

marketwatch.com - MarketWatch Automation - Imperial Oil Ltd. stock rises Thursday, still underperforms market
Imperial Oil Ltd. stock rises Thursday, still underperforms market
MarketWatch

Shares of Imperial Oil Ltd. IMO inched 0.19% higher to C$127.08 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.54% to 31,660.73. Imperial Oil Ltd.

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