Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Opinion | What 'Landman' Understands About Oil
Taylor Sheridan's hit West Texas oil show “Landman” (the second season ends on Sunday) opens with an oil industry crisis manager, played by Billy Bob Thornton, tied to a chair as he negotiates with a Mexican drug cartel. To save his…
Why You Should Be Skeptical About Venezuela's Oil Reserves
A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) (Photo by PEDRO MATTEY/AFP via Getty Images)…
Before Venezuela's oil, there were Guatemala's bananas
In the aftermath of the U.S. military strike that seized Venezuelan President Nicolás Maduro on Jan. 3, 2026, the Trump administration has emphasized its desire for unfettered access to Venezuela's oil more than conventional foreign policy…
If I were an ageing oil palm tree
IF I were an ageing oil palm tree, I would rise each dawn like an old maestro – baton in hand, heart still full of rhythms once played, but muscles increasingly worn. At 25 years and beyond – and sometimes even before that – I…
Opinion | Why the US really wants Venezuela's oil
The latest developments in Venezuela are interpreted as part of a broader US strategy to secure access to major oil resources. They are much more than that: the US raid signals a transformation in the global economy wherein a country's power is…
Oil, Dollars, Gold, & Venezuela In A Nutshell
Putting any kind of bow on the current headlines to conveniently explain or “wrap up” recent events in Venezuela would be a fool's errand. The extraordinary mix, as well as polarized views, as to the personalities, policies…
Big oil always said we'd need its help. Our tin-eared Government has not listened
Working out precisely what's going on in Donald Trump's head is always a challenge; he revels in unpredictability. But there is a fairly obvious motive for his about turn on the threat of military action in support of the Iranian protest movement…
Syrian army seizes country's largest oil field from Kurdish forces - BBC News
Syrian troops fighting Kurdish forces in north-eastern Syria have seized the country's largest oilfield. The Omar facility and nearby gas fields are under army control after the Kurdish-led Syrian Democratic Forces (SDF) pulled back, officials and…
Lax oversight of oil and gas royalties * WorldNetDaily * by Jeremy Portnoy, Real Clear Wire
Topline: The federal government often does not have enough time to ensure that oil and gas companies are properly reporting the royalties they owe from drilling on federal land, according to a Dec. 15 report from the Government Accountability…
How Tommy's New Oil Company Will Change Landman In Season 3 & Beyond
Landman season 2's finale appears to be reshaping the series in a major way, with Tommy's (Billy Bob Thornton) professional downfall opening new doors. Tommy's attempt to stop Cami Miller (Demi Moore) from proceeding with an offshore drill that…
Fuel could sell for GH¢9.50 without NPA price floor - Star Oil CEO hints
The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has disclosed that his company would have been able to sell petrol at GH¢9.50 per litre during off-peak hours between 10 p.m. and 4 a.m. to support night-time demand. However, he…
Why Is Heating Oil More Expensive Than Gasoline?
Receiving a heating oil delivery bill that's out of whack with gas prices is a confounding New England winter rite of passage. As of January 5, 2026, the average U.S. wholesale price for a gallon of heating oil was $2.27. The average residential…
How Venezuela went from South America's richest to poorest economy despite massive oil reserves
In the early part of the last century, Venezuela was considered the leading economy in South America. At least part of the story is that the country discovered massive oil reserves in 1922. Currently, the country has the largest reserves of any…
Syrian forces seize major oil, gas fields in eastern Syria, security sources say
World Jan 18 (Reuters) - Syrian troops fighting U.S.-backed Kurdish-led forces seized the Omar oil field, the country's largest, and the Conoco gas field in the eastern Deir Zor province as allied Arab tribal forces advanced…
How oil tankers have been weaponised
Today, an estimated 900 to 1,500 tankers – perhaps one in five in the world – are part of the global “shadow fleet”, defined by the International Maritime Organisation as “ships that are engaged in illegal…
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