Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Reliance gets US licence to directly buy Venezuela oil
Global trading houses, Vitol and Trafigura, became the first ones to obtain US licences to load and export Venezuelan oil. Venezuela produces only about 0.8 per cent of global crude Indian refiners are seeking steep discounts on Venezuelan oil.
Cuba postpones its annual cigar fair as a US oil siege causes severe fuel shortages and blackouts
Cuba's annual cigar fair, which was set to be held the last week of February, has been postponed organizers said Saturday, as the island faces blackouts and severe fuel shortages brought about by a U.S oil embargo. In a statement, the cigar fair's…
Venezuela Oil Revenue Projected To Hit $5 Billion Under U.S. Control
Venezuela's oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion…
Cuba postpones its annual cigar fair as a US oil siege causes severe fuel shortages and blackouts
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Trump and Netanyahu agree to increase pressure on Iranian oil
President Trump and Israeli Prime Minister Benjamin Netanyahu agreed during their meeting at the White House on Wednesday that the U.S. will increase the economic pressure on Iran, mostly when it comes to oil sales to China, according to two U.S.
'A Disaster Waiting to Happen': How the Fracking Boom Put an Oil Field in the Guadalupe River Floodplain - Inside Climate News
GONZALES, Texas—More than 500 enormous oil tanks dot the floodplains of the Guadalupe River and its tributaries where they cross one of Texas' leading oilfields, an Inside Climate News investigation has found, posing risk of an environmental…
Democrats say Trump's climate rollbacks 'corruption in action'
Democrats are linking President Trump's unraveling of climate change regulations to a larger story about corruption, a midterm argument they think could hurt Republicans in the battles for the House and Senate this fall. While climate change itself…
Would Not Necessarily Agree on Everything': Jaishankar Reaffirms India's 'Strategic Autonomy' on Russian Oil Amid India-US Trade Deal
New Delhi: External Affairs Minister S Jaishankar on Saturday reaffirmed India's 'strategic autonomy' regarding the purchase of Russian oil, despite the India-US trade framework that urges India to halt procurement of Russian crude. The foreign…
Donald Trump, Netanyahu agreed US should press Iran to cut oil sales to China, reports
1 min readFeb 15, 2026 10:22 AM IST First published on: Feb 15, 2026 at 10:21 AM IST President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed at a White House meeting on Wednesday that the US would work to reduce Iran's oil…
Trump, Netanyahu Agree to Ramp Up 'Maximum Pressure' on Iran, Target Oil Sales to China
President Donald Trump and Israeli Prime Minister Benjamin Netanyahu agreed to intensify their joint “maximum pressure” campaign against Iran, including targeting Tehran's oil exports to China, according to a report by Israel's…
Targa Resources: Industry Shrinkage Portends Potential Recession, No Growth In The Future
Targa Resources is aggressively growing via projects and acquisitions. TRGP's recent Stakeholder Midstream acquisition was financed entirely with debt, pushing total debt above $17 billion. Despite record Q3 EBITDA of $1.3 billion, TRGP's valuation…
CEO lauds oil, gas policies boosting indigenous capacity at conference - The Nation Newspaper
Stakeholders in the nation's oil and gas sector have expressed optimism over policy reforms aimed at deepening indigenous participation and raising crude oil output to two million barrels per day. Speaking at the 2026 Sub-Saharan Africa…
Oil Stocks To Watch Today - February 14th
Energy Is Leading in 2026—But Are the Oil Majors Cracking? Exxon Mobil, Chevron, and Enbridge are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies whose…
Canada Has a Secessionist Movement on Its Hands. Its Supporters Thank Trump.
VAUXHALL, Alberta—In much of Canada, President Trump's provocations like making the country a 51st state are deeply unpopular. In this conservative, oil-rich province, Trump presents an opportunity. Alberta is poised to hold a referendum on…
Comment: Two energy roads, different futures for world's climate
By Jennifer Morgan / For The Conversation Two years ago, countries around the world set a goal of 'transitioning away from fossil fuels in energy systems in a just, orderly and equitable manner.' The plan included tripling renewable energy capacity…
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