Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy agency lowers world oil demand forecast for the year
The International Energy Agency is lowering its world oil demand forecast for the year, noting that the war in Iran is leading to escalating fuel prices, limited oil supplies and a deteriorating economic outlook. The agency's report on Wednesday…
Energy agency lowers world oil demand forecast for the year - TT
A tank farm at the Klesch oil refinery where diesel, gasoline and heating oil are produced in Gelsenkirchen, Germany, on Oct. 2. (Martin Meissner/AP) The IEA lowered its oil demand forecast, projecting global demand will fall 2.6 million barrels a…
Energy agency lowers world oil demand forecast for the year
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
CFTC staff were told to retract analysis of suspicious oil trades
When U.S. President Donald Trump backed away from threats to strike Iranian power plants on March 23, it sparked a frenzy of buying and selling across oil, equities and other markets. Traders had grown accustomed to prices lurching wildly on…
Most Scots back 'pragmatic' approach to future of North Sea oil and gas industry
A majority of Scots support a 'pragmatic' approach to the future of the North Sea oil and gas industry, a new poll has found. A survey by the IPPR Scotland think-tank found 69 per cent believe decisions on oil and gas should be made on a case by…
OPEC cuts oil demand projections for remainder of 2026
The Organization of the Petroleum Exporting Countries (OPEC) lowered its forecast of global oil demand growth for this year, amid persistent risks to shipping from Iran and its proxy groups. The group projected Tuesday that oil demand for this year…
The 'Biggest Oil Deal in History' Is Turning Off the Lights in Venezuela
CARACAS, Venezuela — The “biggest oil deal in history” was announced almost simultaneously by acting Venezuelan president Delcy Rodríguez and U.S. president Donald Trump on Aug. 28. However, many Venezuelans didn't find…
Trump hails 'massive' Greenland oil and mineral exploration
Trump also noted how any possible military action against the U.S. would have to pass by Greenland, making the island a strategic military position. “Any future attack on the United States will have to come across Greenland, where our…
Trump: 'Massive' oil, gas, mineral exploration set to begin in Greenland
President Trump announced early Wednesday that “massive” oil, gas and mineral exploration is “getting ready to begin” in Greenland. The president's brief post on Truth Social pointed to the Danish territory's plentiful…
Trump says 'massive' oil, gas and mineral exploration to begin in Greenland
US President Donald Trump said on Wednesday that 'massive' oil, gas and mineral exploration is getting ready to begin in Greenland. SCROLL TO CONTINUE WITH CONTENT Trump did not share details about the exploration plans in Greenland but said…
Trump refers to 'our' Greenland as he touts oil drilling
President Donald Trump has referred to 'our new and beautiful Greenland,' as he touted a new program to explore oil, gas and minerals deposits. The announcement follows a security agreement to boost American military and security presence on the…
Shropshire heating oil users face tough choices as prices rise
With the summer gone and the central heating going on, people who use heating oil in their homes are facing the prospect of filling their tanks, at much higher prices than they have been used to. Many will pay nearly double what they had to last…
Oil prices tick upward on hot inflation report - TT
Gas prices at a station in Los Angeles on Oct. 13. (Richard Vogel/AP) Gas prices averaged $4.33 per gallon on Oct. 14, according to AAA, up slightly from a month ago. Consumer prices rose 3.7% in September compared with a year earlier, up from 3.4%…
The EPA is about to hand oil and gas companies a huge methane-related gift
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. Last week, less than a month after rolling back power plant pollution standards, Environmental Protection Agency Administrator Lee…
Trump hails oil exploration in 'our beautiful Greenland' - months after invasion plan
Donald Trump proclaimed on Wednesday that massive oil, gas and mineral exploration was set to begin in “our new and beautiful Greenland ”, doing little to soothe tensions around the U.S.'s unyielding claims to the mineral-rich island.
Receive a Daily briefing on Oil Industry News
Get Started