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…
Oil Falls on Possible Technical Correction
2349 GMT — Oil falls in the early morning Asian session on a possible technical correction after WTI and Brent settled 2.9% and 2.8% higher, respectively, on Friday. Also, oil prices are likely to decline as soon as recent production outages…
Low oil prices no threat to deficit goals
PETALING JAYA: The current low crude oil price, due to the oversupply in the global energy market, will not derail Malaysia's fiscal deficit target for 2026 and beyond, economists say. They attributed this to the government's reduced dependence on…
Cathy Freeman and Midnight Oil drummer among Australia Day top honours
* 680 people received awards in the general division of the Order of Australia * 10 appointed as Companions (AC) of the Order of Australia * 38 Officers (AO) of the Order of Australia * 160 Members (AM) of the Order of Australia * 472 Medals (OAM)…
Vitol and Trafigura: Traders at the Heart of Trump's Venezuela Oil Grab
President Donald Trump has portrayed his takeover of Venezuela's oil sales as a victory for America, but when his administration wanted to sell several billion dollars' worth of the fuel quickly, the experts it turned to were a couple of foreign…
The AI Factor Behind Trump's Power Play On China's Oil Suppliers
Authored by James Gorrie via The Epoch Times, Why is it so important to the Trump administration to take control of Venezuela and encourage the people of Iran to overthrow the Islamic regime? The link between the two is obviously oil. Of course…
If elected, the Parti Québécois would not necessarily oppose new gas or oil pipelines
Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…
'A fraudulent scheme': New Mexico sues Texas oil companies for walking away from leaking wells
This story was originally co-published by ProPublica and Capital & Main. The state of New Mexico is accusing three Texas oil executives of orchestrating “a fraudulent scheme” to pocket revenue from hundreds of oil and gas wells in New…
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…
Michigan Is Suing Oil Companies For 'Suppressing' EVs
Michigan Attorney General Dana Nessel filed a federal antitrust lawsuit accusing major oil companies and an industry group of colluding to 'suppress' renewable energy and electric vehicle competition. The suit names BP, Chevron, Exxon, Shell, and…
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…
Texas Deep Freeze Shutters Some Energy-Consuming Industry Sites
The winter storm sweeping the US has begun disrupting the operations of industrial oil and gas consumers on Texas' Gulf Coast, including refiners, chemical plants and manufacturers. With almost 10% of US natural gas production estimated to be…
Cyprus olive oil losing out to patchy EU regulations
EU regulation for controlling olive oil quality including Cyprus contains serious weaknesses that risk undermining consumer confidence, according to a report by the European Court of Auditors released last week. The findings are particularly…
How Landman Actor Jacob Lofland Will Change His Approach To Cooper Norris Ahead Of Season 3
This post contains spoilers for 'Landman.' 'Landman' season 2 wrapped up as everyone expected it to: with a heck of a lot of drama. Of course, Billy Bob Thornton's Tommy Norris came out on top once again, starting his own oil company and appointing…
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