Oil Industry News
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OPEC+ Holds Fire, Maintains Oil Production Pause To March 2026
The logo of the Organization of the Petroleum Exporting Countries seen outside its secretariat in Vienna, Austria. (Photo: Danil Shamkin) Oil producers' group OPEC+ maintained its plan to keep crude output levels unchanged until March 2026 at its…
Oil Higher; Russia-Ukraine Peace Talks in Focus
0209 GMT — Oil is higher in early Asian trade. Markets continue to focus on the progress of Russia-Ukraine peace talks, Nanhua Futures analysts in a commentary. Strict sanctions imposed by the U.S. on Russian energy companies have provided…
Study links obesity to popular cooking oil
Scientists at University of California, Riverside found that soybean oil contributes to obesity in a study involving mice. The oil creates specific fat-derived molecules—oxylipins—that alter liver metabolism and increase fat…
Russia neighbor warns Ukraine after new oil pipeline attack
Kyiv's attacks on infrastructure propping up oil exports are 'detrimental' to Kazakh relations with Kyiv, Astana's government said on Sunday, after Ukrainian seaborne drones attacked two Russian-linked oil tankers and Kazakh authorities said…
OPEC+ to suspend oil output increase
VIENNA, Nov. 30 (Xinhua) -- The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, have decided to pause oil output increases in January, February and March 2026 due to seasonality, OPEC said in a statement on…
Ukraine hits two Russian 'shadow fleet' oil tankers with naval drones
Ukrainian naval drones hit two sanctioned tankers in the Black Sea as they headed to a Russian port to load up with oil destined for foreign markets, an official said on Saturday, as Kyiv tries to pile pressure on Russia's vast oil industry…
Oil Rises After OPEC+ Reiterates Pause With Focus on Venezuela
Oil rose after OPEC+ confirmed it will stick with plans to pause production hikes during the first quarter, while traders weighed the fallout from President Donald Trump's rhetoric around Venezuela. Brent traded above $63 a barrel, and West Texas…
Scientists find a hidden obesity trigger in soybean oil
In a University of California, Riverside experiment, most mice fed a high-fat diet rich in soybean oil put on substantial weight. A separate group of genetically engineered mice did not, even though their diets were the same. These modified mice…
Poirot star Suchet plays oil 'villain' in Bristol-made short film - BBC News
Sir David Suchet has said that playing an oil company shareholder in a short film was 'really terrific' and 'so different from anything I've ever done'. Best known for playing hero detective Hercule Poirot in a long-running ITV series, Sir David…
America's most popular cooking oil may be linked to obesity, new study finds
A new study published in the Journal of Lipid Research suggests that soybean oil, the most widely consumed cooking oil in the United States, may play a direct role in promoting obesity, and the effect appears tied to how the body processes one of…
ASX to gain ahead of GDP; oil, gold prices rally
A solid gross domestic product figure this week is set to further complicate the Reserve Bank's challenge of curbing high inflation, with investors already ramping up bets that the next interest rate move will be an increase. Futures indicate that…
OPEC+ holds 2026 group-wide oil output steady, agrees capacity mechanism
Robyn Beck | Afp | Getty Images OPEC+ countries agreed to maintain group-wide oil output quotas for 2026 in a meeting on Sunday, and also agreed on a mechanism to assess members' maximum oil production capacity, OPEC said in a statement. Eight…
Kazakhstan criticises Ukraine over drone attack on CPC oil terminal
World MOSCOW, Nov 30 (Reuters) - Kazakhstan criticised Ukraine on Sunday for a drone attack on the Black Sea terminal of the Caspian Pipeline Consortium, which handles more than 1% of global oil. The CPC said on Saturday it had halted operations…
Kazakhstan Angrily Calls On Ukraine To Stop Black Sea Oil Terminal Attacks
Kazakhstan is angrily denouncing and protesting the 'deliberate attack' on critical energy transport infrastructure of the international Caspian Pipeline Consortium in the waters of Russia's port city of Novorossiysk, after on Saturday a naval…
Tate McRae's Fave Lip Oils Are 30% Off For Cyber Monday
When someone asks if you've finished your holiday shopping, they probably aren't referring to the items you're buying for yourself. We spend so much time workshopping gifts for other people — guessing their sizes, hunting for sales, and…
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