Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Every last drop: AI-powered analysis reveals oil industry's trillion-barrel opportunity in existing fields
Every last drop: AI-powered analysis reveals oil industry's trillion-barrel opportunity in existing fields Wood Mackenzie's analysis using new AI-powered tools shows existing fields could yield 470 billion to over 1,000 billion additional barrels…
California Wants to Halt Oil Industry Exodus After Years of Climate Focus
A year after they broke up via text, California and finally reconnected by phone. Gov. Gavin Newsom's office made its first-ever call to Chevron's refining chief last week, days before state lawmakers passed a bill meant to stop more oil companies…
Tiffany Trump's Family Cruised the Mediterranean on an Oil Mogul's Yacht
Massad Boulos traveled to Libya in July as the State Department's senior Africa adviser. But as he talked to energy executives and government leaders, his other position was no less important. He was also the father-in-law of President Trump's…
U.S. Oil Production Is On Pace For A New Record, But Growth Is Slowing
FORT STOCKTON, TEXAS - MARCH 24: The sun sets behind a pumpjack during a gusty night on March 24, 2024 in Fort Stockton, Texas. Employment in Texas has reached record highs, with the oil- and gas-producing Permian Basin, which covers a large swathe…
How Tiffany Trump's Instagram Posts Led Us to an Oil Magnate's Megayacht
|How Tiffany Trump's Instagram Posts Led Us to an Oil Magnate's Megayacht https://www.nytimes.com/2025/09/18/world/europe/tiffany-trumps-instagram-posts-oil-billionaire.html This summer, our colleagues got a tip: President Trump's daughter Tiffany…
Prax Lindsey Oil Refinery 'unsafe' claims dismissed - BBC News
The Official Receiver has dismissed union claims that an oil refinery is at 'serious risk of a major accident' due to staffing levels. Lindsey Oil Refinery, in North Killingholme, North Lincolnshire, was taken over by the government's Insolvency…
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 0.61% to C$130.14 Wednesday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.02% to 29,321.66. Imperial Oil Ltd.
Tourmaline Oil Corp. stock rises Wednesday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.26% higher to C$61.99 Wednesday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.02% to 29,321.66. Tourmaline Oil…
Ukraine Hits Two Russian Oil Refineries as Strikes Intensify
Two Russian oil refineries were attacked on Thursday as Ukraine stepped up strikes on its enemy's energy infrastructure. Gazprom's Neftekhim Salavat petrochemical facility in the Bashkortostan region was set on fire after being hit by drones, local…
Colombian head Petro wants Ecopetrol to sell stake in Texas oil field
Sept. 17 (UPI) -- President Gustavo Petro said Ecopetrol should sell its stake in a Texas oil field it operates with multinational Occidental Petroleum and use the proceeds to fund clean energy projects in Colombia. 'Insisting on oil and coal is a…
Oil Holds Decline as Fed Rate Cut, Weak US Labor Market Assessed
Oil held a decline as traders weighed the impact of the Federal Reserve's interest-rate cut, alongside warnings of mounting US labor market weakness. West Texas Intermediate held steady at $64.13 a barrel, after falling 0.7% the previous day. Brent…
Warrington council investment in Texan oil firm makes £7m loss - BBC News
An ill-fated investment in a Texan oil company has lost a council more than £7m. Warrington Borough Council pumped up to £10m into the firm in 2020. But the company, Technology Enhanced Operations (TEO) Ltd, faced 'headwinds' and…
California Regulator Warns Oil Traders They're Being Watched
California's energy regulator is on the lookout for oil traders trying to game the state's gasoline market as fuel supplies tighten heading into the end of year. In a Tuesday letter to Governor Gavin Newsom, the agency warned that looming fuel…
Oil prices ease on US demand concerns
NEW YORK: Oil prices eased on Wednesday after data showing an increase in US diesel stockpiles stoked worries about demand and the US Federal Reserve cut interest rates as expected. Brent crude futures settled 52 cents, or 0.76%, lower to US$68.22…
Oil edges lower amid worries over US economy, market oversupply
TOKYO/SINGAPORE: Oil prices declined for a second session on Thursday, after the Federal Reserve cut interest rates as expected and traders focused on concerns about the U.S. economy and excess supplies. Brent crude futures fell 26 cents, or 0.38%…
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