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 is taking a stake in Venezuela's oil industry and this crony is cashing in
After the ouster of Venezuelan dictator Nicolás Maduro, President Donald Trump promised to make the South American nation 'prosperous again.' Eight months later, we're getting a clear picture of how the Trump administration hopes to achieve…
Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender
CARACAS, Venezuela (AP) — Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil…
Why Big Oil Is Wary of Trump's Foray Into Venezuela's Oil Patch
Five Japanese oil distributors admit to forming price cartel
Five Japanese oil distributors admitted to forming a price cartel for gas oil sold to transport and other companies in Tokyo, at the first hearing of their trial at Tokyo District Court on Thursday. East Japan Usami and Kyoei Sekiyu of Tokyo, Eneos…
The US and Venezuela: a century-old relationship drenched in oil
Written in the middle of the last century, the US Department of State memo conveys its message in a curt and undiplomatically honest tone: the glue that binds Washington to Caracas is, and is always likely to be, oil. “All US policies toward…
Milei declares 'Falklands are Argentinean' amid oil sanctions
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina President Javier Milei has…
Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil resources belong to the people, not a…
Argentine leader says oil firms working off Falklands face sanctions
Argentina's President Javier Milei has said he will sanction oil companies working off the Falklands as he reiterated the country's claim on the British overseas territory in the south-west Atlantic Ocean. In a national address, Milei said the…
Argentina's president to make Falklands statement amid reports of oil sanctions
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina's president is preparing to make a…
Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
Polymarket has launched perpetual futures contracts tied to oil, stepping into a market that rival Kalshi Inc. is also seeking to enter as trading venues compete to offer round-the-clock access to the commodity. The company announced the launch…
Oil Rises Amid Elevated Supply-Disruption Concerns
2332 GMT — Oil rises in early Asian trade amid elevated concerns over supply disruptions in the Middle East. “Iran's military said it targeted U.S. bases in Kuwait and the U.A.E.,” ANZ Research analysts said, citing state-run…
Futures Flat As Yields Ignore Oil Meltup
Futures are flats with Tech in line and small caps lagging even as bond yields dip 1bp across the curve, ignoring the continued rise in oil. In a quiet session ahead of tomorrow's jobs report, Japan remains the standout, with the yen strengthening…
Your ETF of the Moment: Riding the Wild, War-Fueled Oil Market
Listen and subscribe to Trillions on Apple, Spotify, iHeart and the Bloomberg Terminal. Oil has been one of the wildest trades of the year, surging and retreating as the US-Israel war with Iran — and President Donald Trump's struggle to find…
What does Trump's oil deal mean for the future of Venezuela?
President Donald Trump last week announced the United States is obtaining rights to 65 million barrels of Venezuelan oil reserves. The agreement was made under the auspices of unelected President Delcy Rodríguez, who owes her position to the…
Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
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