Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How a 73-Year-Old Retired Oil Industry 'Gofer' Became a Multimillionaire
Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a married 73-year-old Oklahoma man who retired from…
Peter Thiel Reports Stake in Argentine Shale Oil Exporter Vista
Peter Thiel's hedge fund acquired a sizeable stake in Vista Energy SAB, Argentina's top oil exporter, increasing his ties to the South American country after recently buying a mansion in Buenos Aires. Thiel Macro LLC reported owning almost 1.2…
Trump's Iran war leaves US oil reserves so low caverns risk damage
America's emergency oil stockpile has dropped to its lowest level in 40 years, with experts warning that ongoing withdrawals for the war with Iran could permanently damage the underground caverns holding the crude. The warnings arrive as American…
Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn. The SPR has tumbled below 300 million barrels for the first time since it was filled in the early 1980s, according to federal data…
Ghee, Oils Worth Rs 35 Lakh Seized After Food Authority Raids In Gujarat
Samples of all the seized products were collected for testing. Summary is AI-generated, newsroom-reviewed Gujarat seized over Rs 35 lakh worth of suspected adulterated ghee and oils in raids Surat factory operated without license, producing…
Spartan Delta Stock: Increasing Oil And Liquids Exposure (OTCMKTS:DALXF)
Spartan Delta is strategically shifting its production mix toward higher liquids exposure. Second quarter 2026 results show a significant increase in liquids production. DALXF is rebuilding post-asset sale and Logan Energy spin-off. The company's…
Major new North Sea oil and gas drilling licences could be granted within weeks
Major new North Sea oil and gas drilling licences could be granted within weeks, the Sunday Mail understands. The controversial Jackdaw and Rosebank fields would secure around 3500 Scottish jobs and boost the UK economy by £28billion over…
How Oil Companies And Execs Legally Pass Responsibility For Cleaning Up Leaky Drilling Sites To You: Read This
It's been a hell of a year for oil producers and companies thanks to fluctuating oil prices and the ongoing Iran war. But when it comes time to clean up after the mess they cause just to make those millions and billions in profit, ProPublica…
US Signals Indefinite Naval Blockade Of Iran Amid Declining Global Oil Supply
Shipping traffic through the Strait of Hormuz fell to eight vessels on Tuesday The United States on Thursday threatened to maintain a naval blockade of Iran indefinitely, ratcheting up economic pressure on Tehran as ceasefire talks have floundered…
Indian Oil Corporation Invites Applications For Executive Posts, Salary Up To Rs 1.60 Lakh
IOCL Executive Recruitment 2026: The Computer-Based Test is tentatively scheduled for September 24. IOCL Executive Recruitment 2026: Indian Oil Corporation Limited (IOCL) has invited online applications for recruitment to various Executive…
Dietitians Warn: This Is the #1 Thing to Know Before Taking Olive Oil Shots
Scroll through TikTok for more than a few minutes and you'll likely spot someone tipping back a small glass of extra virgin olive oil like it's a morning wellness ritual. Hailey Bieber has helped put the habit on the map, and influencers everywhere…
Corrupt DoT head took oil money for reality TV show during oil price spike (update)
Sean Duffy, whose transportation expertise comes from being a contestant on the reality TV show Road Rules, is going back to his roots and filming a reality TV show while on the job. But, as is fitting for the corrupt cabal he's a member of, he's…
Pezeshkian says Iran's economic problems multiply as oil revenues fall
TEHRAN — Iran's economic problems have worsened significantly since the start of the war with the United States and Israel, with declining oil revenues and damage to factories putting further pressure on state finances, President Masoud…
Oman continues to monitor fish, catches and shores after oil spill
Oman has said in a statement that it is continuing to monitor the impact of the oil spill that took place earlier this week, due to a vessel running aground. The Sultanate's Food Safety and Quality Centre is monitoring, investigation and carrying…
This Oil ETF Is Up 42% This Year. One Reopened Strait Could Take It All Back.
XOP is up 43% as Hormuz disruptions cut global supply, but EIA forecasts production returning fast enough to drag Brent to $79 by 2027. Venture Global (VG) is XOP's largest holding at 3%, and Qatari LNG returning at scale would crush the gas spread…
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