Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Maduro says the real reason for Trump's Venezuela fixation is oil - is he right?
Venezuela's dictator, Nicolás Maduro, says the real motive behind the massive US military buildup in the Caribbean is oil: his country has the largest proven reserves in the world. The US state department denies this, insisting that the…
Oil Stocks and OPEC Lies
The Organization of Petroleum Exporting Countries (OPEC) announced at the end of November that it would leave oil production levels flat in the first quarter of 2026. That's an unusual move for the cartel, which usually announces cuts in the face…
Edible oil, wheat flour fuel SPI
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased four per cent year-on-year in the week ending Dec 4, owing to an increase in the retail price of edible oil and wheat flour in the domestic market. The…
Russia's Vital Oil Trade With India Is Down, But Not Out
India's imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm offensive, however, the question is how long that drop will…
California Resources Reports Oil Fluid Spill in Monterey County
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 130 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California's Central Coast.
Shale oil output hits 1m tons at Daqing
BEIJING, China, Dec 6 — The annual production of Gulong shale oilfield in Daqing, Heilongjiang province, has exceeded 1 million metric tons, Daqing Oilfield Co, a subordinate of China National Petroleum Corp, announced on Friday.
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts
WASHINGTON (AP) — Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state's coast. A letter signed by Republican…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts
Getting your Trinity Audio player ready... WASHINGTON — Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state's…
India's Russian oil boom undermines Western sanctions, Ukrainian officials warn
This week's show of unity between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi during Putin's visit to India comes as Indian refiners continue buying discounted Russian crude and exporting refined fuel into Europe…
Unlocking Alaska's Wildlife Refuge: The Dawn of a New Era in Oil and Gas Exploration!
In a significant development for the energy sector, the Biden administration has announced the reopening of Alaska's Arctic National Wildlife Refuge (ANWR) to oil and gas exploration, a move that has reignited the contentious debate over balancing…
ARKANSAS A-Z: El Dorado-based Lion Oil traces history to early 1920s | Arkansas Democrat Gazette
Lion Oil, based in El Dorado, refines and produces oil, gasoline and other oil-based products. Its products include not only fuels and asphalt but also industrial solvents and oil-based roofing products. When the oil boom began in southern Arkansas…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts IS SCHEDULED FOR TUESDAY AND WEDNESDAY. RIGHT NOW, LOOKING FOR WAYS TO CUT DOWN FLORIDA'S CHIEF FINANCIAL OFFICER, CALLING OUT PALM BEACH COUNTY FOR REPORTEDLY…
Court lifts order barring Kern oil permitting
A Kern County Superior Court judge has officially lifted an order that had stopped county officials from issuing oil local permits, potentially ending a legal battle dating back to 2015. Viewed as a technicality because of a new state law clearing…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
WASHINGTON (AP) — Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state's coast. A letter signed by Republican…
Love of oil is the root of all wars
For more than a century, American foreign policy has often marched under the banners of freedom, democracy, and security. Yet history shows that when wars, invasions, and regime-change operations are mapped on a globe, a familiar pattern…
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