Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran's Real Oil Risk Is Labor Strikes, Not Bombs
For decades, Iran has been the nexus of global geopolitical risk. Its potential to create chokepoints in the flow of oil is ingrained in the minds of traders, with the Strait of Hormuz posing the biggest risk. But for all the recent focus —…
Oil Falls as Middle East Tensions Continue to Fade
2355 GMT — Oil falls in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions. Given recent statements from President Trump, the risk of immediate U.S. intervention in Iran…
Oil prices steady as ebbing Iranian protests lower chance of US attack
BEIJING: Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that…
Why You Should Be Skeptical About Venezuela's Oil Reserves
A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) (Photo by PEDRO MATTEY/AFP via Getty Images)…
Before Venezuela's oil, there were Guatemala's bananas
In the aftermath of the U.S. military strike that seized Venezuelan President Nicolás Maduro on Jan. 3, 2026, the Trump administration has emphasized its desire for unfettered access to Venezuela's oil more than conventional foreign policy…
If I were an ageing oil palm tree
IF I were an ageing oil palm tree, I would rise each dawn like an old maestro – baton in hand, heart still full of rhythms once played, but muscles increasingly worn. At 25 years and beyond – and sometimes even before that – I…
Opinion | Why the US really wants Venezuela's oil
The latest developments in Venezuela are interpreted as part of a broader US strategy to secure access to major oil resources. They are much more than that: the US raid signals a transformation in the global economy wherein a country's power is…
Oil Edges Lower With Iran and Trump's Greenland Threat in Focus
Oil fell as tensions over Iran cooled and wider markets carried a risk-off tone with President Donald Trump's push to take over Greenland. Brent dropped below $64 a barrel, while West Texas Intermediate was near $59. While there wasn't a…
Oil, Dollars, Gold, & Venezuela In A Nutshell
Putting any kind of bow on the current headlines to conveniently explain or “wrap up” recent events in Venezuela would be a fool's errand. The extraordinary mix, as well as polarized views, as to the personalities, policies…
Big oil always said we'd need its help. Our tin-eared Government has not listened
Working out precisely what's going on in Donald Trump's head is always a challenge; he revels in unpredictability. But there is a fairly obvious motive for his about turn on the threat of military action in support of the Iranian protest movement…
Syrian army seizes country's largest oil field from Kurdish forces - BBC News
Syrian troops fighting Kurdish forces in north-eastern Syria have seized the country's largest oilfield. The Omar facility and nearby gas fields are under army control after the Kurdish-led Syrian Democratic Forces (SDF) pulled back, officials and…
Lax oversight of oil and gas royalties * WorldNetDaily * by Jeremy Portnoy, Real Clear Wire
Topline: The federal government often does not have enough time to ensure that oil and gas companies are properly reporting the royalties they owe from drilling on federal land, according to a Dec. 15 report from the Government Accountability…
How Tommy's New Oil Company Will Change Landman In Season 3 & Beyond
Landman season 2's finale appears to be reshaping the series in a major way, with Tommy's (Billy Bob Thornton) professional downfall opening new doors. Tommy's attempt to stop Cami Miller (Demi Moore) from proceeding with an offshore drill that…
Fuel could sell for GH¢9.50 without NPA price floor - Star Oil CEO hints
The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has disclosed that his company would have been able to sell petrol at GH¢9.50 per litre during off-peak hours between 10 p.m. and 4 a.m. to support night-time demand. However, he…
Why Is Heating Oil More Expensive Than Gasoline?
Receiving a heating oil delivery bill that's out of whack with gas prices is a confounding New England winter rite of passage. As of January 5, 2026, the average U.S. wholesale price for a gallon of heating oil was $2.27. The average residential…
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