Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
SCOTUS must show oil companies they aren't above local accountability
A basic moral principle is also a rule of law: If you lie about something and your lies cause harm, you should compensate people you injured. Sounds simple, but what counts as harm, whether the lie caused it, and what compensation is appropriate…
Republican lawmakers distance themselves from Big Oil
The average cost of diesel stands at $6.52 a gallon as of late September, according to AAA, an increase of more than 80% from a year ago in the hardest-hit states, many of which are competitive in the November midterm elections. The response from…
Zelensky Vows More Oil Refinery Strikes in Russia Despite Trump Appeal
Ukrainian President Volodymyr Zelensky said Saturday that Kyiv will intensify strikes on Russian oil refineries despite President Donald Trump's calls for restraint, arguing that attacks on Moscow's energy sector are a necessary response to a new…
Ukraine war briefing: Kyiv to increase oil refinery attacks because of Moscow's winter strategy, Zelenskyy says
Ukraine will increase its attacks on Russian oil refineries, but won't target civilians, because of a new policy of airstrikes by Moscow designed to force people to abandon Kyiv and other cities, Volodymyr Zelenskyy has said. Ukraine's intelligence…
Iran war live: Houthis claim attack on Saudi oil refinery as ships hit in Hormuz
Yemen's Houthi rebels have claimed responsibility for a coordinated missile and drone strike targeting a Saudi Aramco facility in the capital city of Riyadh. Witnesses reported seeing a large plume of smoke and fire rising near an Aramco…
Houthis target Saudi oil facility as hostilities escalate in Yemen
Yemen's Iran-aligned Houthis say they targeted a Saudi Arabian oil company in retaliation for Saudi attacks on Yemen. The fighting has worsened the already appalling humanitarian conditions in Yemen. Iraq's state-owned Oil Tanker Company says it…
Energy sector outperforms S&P 500 in Q3 as oil prices rise (XLE:NYSEARCA)
The energy sector () advanced 16% in the July-Sep quarter, compared to a 2% rise in the broader market (SP500), finishing as the top-performing market sector. Expanding conflict in the Middle East squeezed global oil supplies in the quarter…
US-Russia talks on Ukraine now involve an oil deal tied to Trump allies
Washington: The Trump administration's talks with Russia about ending the war in Ukraine have expanded to include a multibillion-dollar oil deal that would benefit Middle Eastern business executives with ties to the two main US negotiators, Steve…
The Indian Diabetes Challenge: Why You Need To Look Beyond Sugar And Oils
For years, the standard advice on diabetes has been simple: cut down on sugar and reduce oil. However, India's diabetes crisis cannot be explained by sugar or fat alone. The more important question is what we eat, how much we eat and, in the case…
325 million oil barrels released to counter global energy crisis: IEA
Around 325 million barrels of oil have so far been released under the International Energy Agency's (IEA) collective action announced in March to address disruptions to global energy supplies amid the West Asia conflict, accounting for more than 80…
Trump and Putin eye multibillion-dollar oil deal to end Ukraine war
Washington | The Trump administration's talks with Russia about ending the war in Ukraine have expanded to include a multibillion-dollar oil deal that would benefit Middle Eastern business executives with ties to the two main US negotiators, Steve…
Justices to hear fire suit against oil firms | Arkansas Democrat Gazette
LOUISVILLE, Colo. -- Boulder County, Colo., is suing oil and gas companies alongside dozens of jurisdictions across the United States to help pay for damage from disasters linked to climate change. The case is part of a wave of climate change…
This 26% off cleansing oil is a 'miracle worker' at removing blackheads
If you have oily, acne-prone skin like me, then you know the frustration of dealing with blackheads and breakouts. You may think that using a cleansing oil sounds counterintuitive when your face is already an oil slick, but trust me when I say that…
OPEC+ Set to Keep November Oil Output Targets Steady, Sources Say
OPEC+ is set to keep oil production targets steady for November, three sources close to the matter said ahead of the group's meeting on Sunday. Gulf OPEC+ producers have been pumping well below output targets in the face of continuing export…
Middle East Oil Exports Recover as Tanker Costs Surge
Middle East oil exports are moving closer to pre-war levels, but record tanker rates, vessel shortages and disruptions around major shipping routes continue to put pressure on global energy markets, according to PVM Oil Associates, part of TP ICAP…
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