Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
U.S. Refiners to Profit as Trump Asserts Control Over Venezuelan Oil
Some of the biggest early winners in the Trump administration's efforts to assert more control over Venezuela's energy industry are not the companies that produce oil but the ones that transform it into gasoline, diesel and other products. U.S.
Big Oil Won't Keep Beating the Crude Market
John D. Rockefeller, the godfather of the modern oil industry, called his tactic of purposely crashing oil prices and sending the stocks of his rivals into a tailspin “a good sweating.” Soon after, he'd conveniently buy shares…
Oil Futures Edge Lower on Likely Technical Correction
0103 GMT — Oil futures edge lower in early Asian trade on a likely technical correction after the futures settled overnight at their highest level since late October. However, price losses are expected to be limited by some developments…
BP flags up to US$5bil in energy transition impairments, weak oil trading
LONDON: BP expects to book $4 billion to $5 billion in impairments in the fourth quarter, mainly related to its energy transition businesses, it said on Wednesday, while flagging weak oil trading. The company is rerouting spending…
It's Responsible for One of the Worst Oil Disasters Ever. It's Counting On Trump to Let It Do It Again.
Sign up for the Slatest to get the most insightful analysis, criticism, and advice out there, delivered to your inbox daily. In April 2010, a state-of-the-art offshore oil rig operated by BP exploded in the Gulf of Mexico. The blast killed 11 and…
English olive oil and seven other surprising foods this country now produces
Only a generation ago, olive oil was something you bought from a pharmacy – our grandparents would never have even seen the fruit that produced it. Yet “liquid gold” is now home-grown. In December 2025, the English Olive Oil…
Oil, Gas and Metals in 2026: What to Watch This Year
The future of energy, transport, sustainability and more, as told by BNEF analysts. Each week, Dana Perkins sits down with BloombergNEF (BNEF) analysts to uncover the key findings and stories behind their latest research. The future of energy…
TotalEnergies CEO Echoes Exxon's Caution on Venezuela Oil
Reviving Venezuela's oil industry will take years and cost billions of dollars, limiting the country's impact on global markets in 2026, according to TotalEnergies SE boss Patrick Pouyanne. President Donald Trump is exhorting American oil firms to…
BP cautions over 'weak' oil trading and reveals up to £3.7bn in write-downs
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. BP has warned it expects to book up to five billion…
Russian oil firm says it will keep its Venezuela assets after US military operation
Russia's state-owned oil company Roszarubezhneft sought to draw a line around its oil holdings in Venezuela after a US military operation on January 3 reshaped the South American country's political landscape. 'All assets of Roszarubezhneft JSC in…
Fears are brewing over an oil-price shock that could rattle markets and the economy
Soaring oil prices. Hot inflation. Turmoil in markets. That was a dire combination the US economy saw in the 1970s, but analysts say that the risks of another oil price shock — a situation where oil prices abruptly surge and set off a domino…
TotalEnergies CEO Echoes Exxon's Caution on Venezuela Oil - TT
Patrick Pouyanne doubts whether Venezuela would be significant for the oil market this year. (F. Carter Smith/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Reviving Venezuela's oil industry will take years and cost…
Ukraine war latest: Multiple oil tankers struck off Russian Black Sea coast
A Ukrainian drone attack overnight triggered fires at an industrial facility in Rostov-on-Don, a major southern Russian port city, according to regional officials. Authorities said four people were injured, including a four-year-old child, after…
Why unlocking Venezuelan oil won't mean much for US energy prices
In the wake of U.S. forces' arrest of Venezuelan President Nicolás Maduro, U.S. President Donald Trump has said the U.S. is taking over Venezuelan oil production. In addition, the U.S. has blockaded Venezuelan oil exports for a few weeks and…
IOC Stock in Focus After Oil Discovery in Abu Dhabi
Indian Oil Corporation has confirmed the presence of unconventional oil resources in Abu Dhabi's Onshore Block 1, strengthening its overseas exploration and production portfolio and putting the company's stock in focus. The discovery was made…
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