Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Emma Ashford's 'Oil, the State, and War' dissects the era of the petrostate
It doesn't take a Ph.D. to see that oil drives conflict. Just looking at the recent history of America's interventions in the Middle East will do. During the Tanker War of the 1980s, the U.S. Navy fought Iran to protect Iraq's oil. Then, during the…
BPCL signs MoU with Brazilian oil company Petrobras to diversify crude oil sourcing
State-run Bharat Petroleum Corporation Ltd (BPCL) has signed a Memorandum of Understanding (MoU) with Brazilian oil major Petrobras, to diversify its crude oil sourcing. The MoU was signed by Arun Kumar Singh, Chairman BPCL and Caio Paes de…
Oil company shows Wall Street how to do 'environmental' investments
WND is now on Trump's Truth Social! Follow us @WNDNews Advertisement - story continues below In his essential book, “How the World Really Works,” scientist Vaclav Smil writes of modern urbanites' profound ignorance about the energy…
US oil reserves at lowest level in decades - media
US strategic petroleum reserves (SPRs) have shrunk to their lowest level in nearly 40 years, the Wall Street Journal has reported, citing weekly data from the Energy Information Administration (EIA). Crude oil inventories declined by nearly 7…
Nigeria Is Producing Less and Less Oil. Here's Why
Nigeria's oil output was at the lowest since 1990 as its crude oil production fell below 1 million barrels per day (bpd) in August 2022. And data from the Organisation of the Petroleum Exporting Countries in early September showed that Angola and…
Oil India sees 'healthy' profit in September quarter despite windfall tax
Oil India Ltd is expecting a “healthy profit” for the quarter ending September 30 despite a levy of windfall tax on crude sales, Harish Madhav, head of finance at the state-run oil producer, said on Saturday. India imposed a windfall…
BPCL signs pact with Brazilis Petrobras to diversify crude oil sourcing
State-owned Bharat Petroleum Corporation Ltd (BPCL) on Saturday said it has signed an agreement with Brazilian national oil company Petrobras for sourcing crude oil from the Latin American nation as part of plans to diversify its sourcing needs.
Just Stop Oil's London road-blocking campaign due to start next week
Just Stop Oil activists will block roads around Westminster in six week campaign Protests will be a direct challenge to Liz Truss's Conservative Government Organisers are preparing for 3,000 volunteers to be arrested during disruption Details of…
Recession fears grip world markets; crude oil, bonds, equities sink
Updated Sep 24, 2022 | 11:55 AM IST Recession fears grip world markets; oil, bonds, equities sink U.S. and European stocks tumbled on Friday, the dollar scaled a 22-year high and bonds sold off again as fears grew that a central bank prescription…
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Letters to the Editor - Rail Safety Week, puppy mills, voting, Texas oil, Funky Winkerbean
Every three hours, a person or vehicle is struck by a train. Unfortunately, Texas ranks worst in the country when it comes to crossing collisions. These are powerful statistics to reflect on this week as we mark Rail Safety Week, a national event…
Painting A Picture With Oil - What Is US Oil ETF Telling Us About World? (NYSEARCA:USO)
DISCLAIMER: This note is intended for US recipients only and, in particular, is not directed at, nor intended to be relied upon by any UK recipients. Any information or analysis in this note is not an offer to sell or the solicitation of an offer…
Zim minister invited to Africa Oil Week as country join exclusive club with gas project
AFRICA Oil Week, a prestigious global platform for stimulating deals and transactions across the continent held annually, will this year host Zimbabwe's Energy Minister, Soda Zhemu. For over 25 years the event has brought together governments…
A'Ibom: NSCDC tackles oil thieves with gunboat launch
The Nigeria Security and Civil Defence Corps, Akwa Ibom State command, has declared war on oil thieves in the state with the launch of the state-of-the-art gunboat The gunboat launched on Thursday, September 22, 2022 in Ikot Abasi Local Government…
Oil theft: Navy denies bribery allegation, Army silent - Punch Newspapers
The Nigerian Navy has denied claims that its personnel bribe top officials to secure deployment to the oil rich Niger Delta region. Apart from blaming the military for the oil theft in the region, the National President of Petroleum and Natural Gas…
What divergent crude oil and natural gas prices portend for the EU and US
When Russia invaded Ukraine in late February, forecasters were quick to revise their projections of prices for energy considerably higher in anticipation of supply shortages for both crude oil and natural gas. Europe was widely perceived to be…
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