Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's Oil Grab in Venezuela Shatters an American Taboo
President George W. Bush said he was invading Iraq to keep America safe. But critics saw a hidden motive: oil. “No blood for oil!” became a global rallying cry, and Iraq's president, Saddam Hussein, accused Mr. Bush of seeking…
The shadowy world of abandoned oil tankers
David Waddell Business reporter Over the past year there has been a big rise in the number of oil tankers and other commercial ships being abandoned around the world by their owners. What is causing the spike? And what is the human impact on the…
The shadowy world of abandoned oil tankers
Over the past year there has been a big rise in the number of oil tankers and other commercial ships being abandoned around the world by their owners. What is causing the spike? And what is the human impact on the affected merchant sailors? Ivan…
Baghdad traders protest new customs tariffs as Iraq wrestles with shrinking oil revenues
BAGHDAD -- Hundreds of traders and customs clearance company owners protested in central Baghdad on Sunday, demanding that Iraq's government reverse recently imposed customs tariffs that they say have sharply increased their costs and disrupted…
Buyers to decide on Russian oil import: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal clarified that India's decisions on Russian oil imports are taken solely by domestic buyers and are not dictated by the recently concluded India-US interim trade agreement framework, noting that it…
Oil Falls on Possible Position Adjustment Amid Middle East Developments
0011 GMT — Oil falls in early Asian trade amid possible position adjustments. In talks last Friday, Iran and the U.S. signaled a willingness to keep working toward a diplomatic solution that could stave off an American military strike…
Scientists turn sunflower oil waste into a powerful bread upgrade
'Our aim was to optimize the reuse of sunflower seed flour considering its high protein and chlorogenic acid content,' says biologist Leonardo Mendes de Souza Mesquita, who is currently based at the Institute of Biosciences of the University of…
India's Russian oil buy to dwindle, but imports to continue
India is likely to begin scaling back its crude oil purchases from Russia under an agreement reached with the United States in exchange for lower trade tariffs, sources said, adding that these imports will continue for now, as refiners like Nayara…
Somerset's RSPCA heroes honoured for oil spill disaster efforts
The RSPCA in Somerset is reflecting on its part dealing with one of the worst environmental disasters to hit the UK as it approaches its 30th anniversary. The Sea Empress disaster has been described as among the “most magnificent rescue…
Black market for Russian, Iranian oil is in trouble
By Javier Blas / Bloomberg Opinion Oil smuggling has been so enormously profitable that no matter how many obstacles Washington and Brussels put up, the barrels kept flowing. With a daily turnover of US$1 billion, the black market has been just too…
Baghdad traders protest new customs tariffs as Iraq wrestles with shrinking oil revenues
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Indian refiners avoid Russian oil in push for US trade deal
NEW DELHI – Indian refiners are avoiding Russian oil purchases for delivery in April and are expected to stay away from such trades for longer, refining and trade sources said, a move that could help New Delhi seal The US and India moved…
Last chance for residents with oil-heated homes to respond to consultation
More than 12,000 homes with oil heating have now made a a submission to the government's Alternative Clean Heating consultation, which is asking for feedback on the types of heating systems people should be able to use. Policymakers have called for…
Gasoline prices to fall at pumps, as crude oil dips
By Chen Cheng-hui / Staff reporter CPC Corp, Taiwan (台灣中油) and Formosa Petrochemical Corp (台塑石化) are today to lower gasoline prices by NT$0.2 per liter, after international crude oil prices…
Firm shakes oil sector with SmartPump - The Nation Newspaper
Indigenous oil and gas downstream company MEA Energy, said it has adopted the revolutionary SmartPump technology to automate its filling stations across Nigeria, giving customers the hope of fast and easier self-service satisfaction. SmartPump…
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