Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US pushes for quickest fixes to boost Venezuela oil output
Getting your Trinity Audio player ready... The U.S. is in talks with Chevron, other crude producers and the world's biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion…
Robin Wheeldon oil paintings capture rural life in Lincolnshire - BBC News
Image source, Lincolnshire County Council/Robin Wheeldon An exhibition of oil paintings depicting rural life in Lincolnshire has gone on display. The paintings, by Robin Wheeldon who grew up in Heighington near Lincoln, capture the county's…
Exclusive | Trump tells The Post he has seized Venezuela oil - but can't reveal where ships are located
WASHINGTON – President Trump said the U.S. has taken the Venezuela oil aboard seven recently-seized tankers — but the location of the ships remains a mystery. “I'm not allowed to tell you,” the president told The Post in…
California sues the Trump administration over plans to restart oil pipelines along the coast
SACRAMENTO, Calif.(AP) — California sued the federal government Friday for approving a Texas-based company's plans to restart two oil pipelines along the state's coast, escalating a fight over the Trump administration's removal of regulatory…
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What is 'Landman' based on? All about the real Texas oil drama that inspired the Paramount+ hit
Landman stars Billy Bob Thornton as Tommy Norris, a fixer-turned-executive navigating the oil fields of West Texas. The drama is inspired by the podcast Boomtown, hosted by Landman co-creator Christian Wallace. Boomtown digs into the explosive oil…
California sues the Trump administration over plans to restart oil pipelines along the coast
FILE – Workers prepare an oil containment boom at Refugio State Beach, north of Goleta, Calif., on May 21, 2015, two days after an oil pipeline ruptured, polluting beaches and killing hundreds of birds and marine mammals. (AP Photo/Jae C.
Big Oil is seeking riches in another thorny country
An oil-rich country is starting to emerge from years of economic devastation. It sits atop of one of the world's largest petroleum reserves. And Big Oil is ready to take on the investment risk. Sound familiar? It is not Venezuela, but Libya. For…
US Pledges To 'Starve' Iraq Of Oil Revenue If Pro-Iran Parties Join New Government
Washington has threatened to block Iraq's access to its own oil revenue held in the Federal Reserve Bank of New York if representatives of Shia armed parties enjoying support from Iran are included in the next government, Reuters reported Friday.
A Huge Success': Scott Bessent Signals Possible Rollback Of Trump's 25% Tariffs As India's Russian Oil Imports 'Collapse'
New Delhi: US Treasury Secretary Scott Bessent at Davos on Friday (local time) signalled that a 25% tariff on Indian goods could soon be lifted. Bessent described the punitive measure as a 'huge success,' claiming it effectively forced Indian…
Oil Stocks To Keep An Eye On - January 24th
Sable Offshore: The Court Ruling That Changes Everything Exxon Mobil, SLB, Chevron, EQT, Baker Hughes, ConocoPhillips, and EOG Resources are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares…
Will a $45M youth sports complex spur new business on the West Bank? 'We're on top of oil.
Jefferson Parish officials say the West Bank is on the precipice of an economic boom following the opening Friday of a $45 million parish facility for youth travel sports. The John Alario Jr. Youth Sports Complex, located on 147 acres at 11080…
Trump signals possible removal of 25% tariffs as India cuts Russian oil imports? | Dynamite News
The US has hinted at removing the 25 per cent tariff on India after a sharp decline in Russian oil imports. Treasury Secretary Scott Bessent said the tariff achieved its goal, opening the door for a possible rethink in trade policy. Post Published…
Capitola City Council opposes offshore oil drilling
Getting your Trinity Audio player ready... CAPITOLA — During its Thursday evening meeting, the Capitola City Council voted to submit a letter opposing the Trump administration's proposed offshore oil drilling. The council also voted to…
US Hints at Rolling Back 25% Tariffs on India Over Russian Oil Purchase
Speaking to Politico on the sidelines of the World Economic Forum in Davos, Bessent said Indian refinery purchases of Russian oil have “collapsed” due to the tariffs. He suggested that while the tariffs remain in place for now, there…
US has taken oil from seized Venezuelan tankers, says Trump
Sign up now: Get ST's newsletters delivered to your inbox Published Jan 24, 2026, 10:13 PM WASHINGTON – The United States has taken the oil that was on and will process it in US refineries. “Let's put it this way – they don't…
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