Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How Venezuelan Oil, Hugo Chávez, And Geopolitics Led To Maduro's Capture
Venezuela's oil abundance is concentrated in the Orinoco Belt, where thick, heavy petroleum—as shown here by two workers at the Cerro Negro Refinery in 2004—is the rule. This refinery and the related oil fields of the Cerro Negro…
US pushes for quickest fixes to boost Venezuela oil output
Getting your Trinity Audio player ready... The U.S. is in talks with Chevron, other crude producers and the world's biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated $100 billion…
Robin Wheeldon oil paintings capture rural life in Lincolnshire - BBC News
Image source, Lincolnshire County Council/Robin Wheeldon An exhibition of oil paintings depicting rural life in Lincolnshire has gone on display. The paintings, by Robin Wheeldon who grew up in Heighington near Lincoln, capture the county's…
Trump's oil pledge risks Texas revenue | Arkansas Democrat Gazette
After covid-19 tanked oil prices, Texas' oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel sold for at least $70, bringing profits and momentum that enriched the state's coffers, school districts…
Libya Signs Deal With Total, Conoco to Boost Oil Capacity
Libya signed a deal with TotalEnergies SE and ConocoPhillips that would more than double production capacity of their Waha Oil venture, with investments likely to reach $20 billion over 25 years. Under the pact, output is expected to increase to…
Exclusive | Trump tells The Post he has seized Venezuela oil - but can't reveal where ships are located
WASHINGTON – President Trump said the U.S. has taken the Venezuela oil aboard seven recently-seized tankers — but the location of the ships remains a mystery. “I'm not allowed to tell you,” the president told The Post in…
US pushes for quickest fixes to boost Venezuela oil output
WASHINGTON – The US is in talks with Chevron, other crude producers and the world's biggest oilfield service providers about a plan to quickly revive output in Venezuela at a fraction of the estimated US$100 billion cost for a complete…
Snake oil feared in Venezuela's famed reserves | Arkansas Democrat Gazette
On paper, Venezuela has enough oil reserves to maintain production at current levels for more than 800 years, an enticing prospect for the White House as it pushes Big Oil to get the petrostate gushing again. But the South American nation's claim…
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What is 'Landman' based on? All about the real Texas oil drama that inspired the Paramount+ hit
Landman stars Billy Bob Thornton as Tommy Norris, a fixer-turned-executive navigating the oil fields of West Texas. The drama is inspired by the podcast Boomtown, hosted by Landman co-creator Christian Wallace. Boomtown digs into the explosive oil…
Big Oil is seeking riches in another thorny country
An oil-rich country is starting to emerge from years of economic devastation. It sits atop of one of the world's largest petroleum reserves. And Big Oil is ready to take on the investment risk. Sound familiar? It is not Venezuela, but Libya. For…
Oil Stocks To Keep An Eye On - January 24th
Sable Offshore: The Court Ruling That Changes Everything Exxon Mobil, SLB, Chevron, EQT, Baker Hughes, ConocoPhillips, and EOG Resources are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares…
US has taken oil from seized Venezuelan tankers, says Trump
Sign up now: Get ST's newsletters delivered to your inbox Published Jan 24, 2026, 10:13 PM WASHINGTON – The United States has taken the oil that was on and will process it in US refineries. “Let's put it this way – they don't…
Trump threatens Canada with 100% tariff over possible deal with China
Donald Trump on Saturday said he would impose a 100% tariff on all Canadian imports if the North American country makes a trade deal with China. Beside that tariff threat, another Trump foreign policy maneuver to make news on Saturday involved the…
US has taken oil from seized Venezuelan tankers, Trump tells NY Post
Sign up now: Get ST's newsletters delivered to your inbox Published Jan 24, 2026, 10:13 PM WASHINGTON, Jan 24 - The United States has taken the oil that was on seized Venezuelan tankers and will process it in U.S. refineries, President Donald Trump…
Bessent hints at tariff relief for India, citing 'collapse' in Russian oil inflows
US Treasury Secretary Scott Bessent has signaled a potential rollback of the 25 per cent tariffs imposed on India over buying Russian oil, citing a “collapse” in its Russian oil imports. While Bessent hinted at a “path”…
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