Oil Industry News
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Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
The executives dining at the White House to celebrate President Trump's $300 million ballroom — and their role in financing it — were a who's who of American industry. Many hailed from companies that are household names, like…
Why Trump's first offshore sale didn't wow the oil industry
The second Trump era's first offshore oil and gas lease sale showed real but hardly gangbusters interest from the industry — and there's no simple explanation why. Why it matters: The White House wants to juice domestic output, and the sale…
What Does the Oil Tanker Seizure Mean for Venezuela's Economy?
An oil tanker docked at Cardon Refinery in Venezuela, in 2021.Credit...Adriana Loureiro Fernandez for The New York Times Listen to this article · 5:58 min Learn more The U.S. seizure of an oil tanker off the coast of Venezuela laid bare a…
Maduro says Trump wants Venezuela's oil. But is that the real US goal? - BBC News
Image source, AFP via Getty Images Venezuelan leader Nicolás Maduro says escalating pressure from the US comes down to one thing: Washington wants to grab the South American nation's vast oil reserves. This week the American military seized…
Why oil tanker Venezuela is trending | CNN Politics
President Donald Trump says the US seized an oil tanker off the coast of Venezuela on Wednesday. CNN's Alayna Treene explains this further escalation of US pressure against Venezuelan President Nicolas Maduro's regime. Discover more videos…
U.S. Issues New Sanctions Targeting Maduro's Family and the Oil Sector
The United States on Thursday issued new sanctions on Venezuela's oil sector and on members of President Nicolás Maduro's family, while taking steps to keep tens of millions of dollars' worth of oil from a large tanker that U.S. forces…
Cuba condemns US seizure of oil tanker
Cuba's top diplomat on Wednesday called the U.S. Coast Guard's recent seizure of an oil tanker an “aggressive escalation” amid growing tensions between the Trump administration and Venezuela. “We condemn the vile act of piracy…
Exclusive: Eclipse Energy's microbes can turn idle oil wells into hydrogen factories
Up to 3 million abandoned oil and gas wells litter the U.S. alone, and while many still contain oil or natural gas, the owners decided it wasn't worth it to keep pumping. “They've tried everything,” Prab Sekhon, CEO of Eclipse Energy…
US seizure of rogue oil tanker off Venezuela signals new crackdown on shadow fleet
MIAMI -- The oil tanker was navigating near the coast of Guyana recently when its location transponder showed it starting to zigzag. It was a seemingly improbable maneuver and the latest digital clue that the ship, the Skipper, was trying to…
Oil Rises, Aided by IEA's Forecasts for Smaller Surplus in 2025, 2026
0118 GMT — Oil rises in Asia's morning session. The International Energy Agency, which represents major oil-consuming nations, cut its forecasts for global oil supply growth to 3 million barrels a day this year and 2.4 million next year…
Imperial Oil Ltd. stock rises Thursday, still underperforms market
Shares of Imperial Oil Ltd. IMO inched 0.19% higher to C$127.08 Thursday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.54% to 31,660.73. Imperial Oil Ltd.
Tensions rise as US prepares to seize more tankers with Venezuelan oil
The United States is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday.
US seizes oil tanker near Venezuela: What to know
President Trump confirmed Wednesday that the U.S. seized an oil tanker off the coast of Venezuela, in the latest escalation of tension with the Latin American country and its President Nicolas Maduro. “We've just seized a tanker on the coast…
White House says US intends to keep seized tanker's oil, hits Maduro family with new sanctions
The U.S. intends to take all the oil contained in the tanker seized off the coast of Venezuela, White House press secretary Karoline Leavitt said on Thursday as she faced questions on the potentially escalatory action and its fallout. 'The vessel…
Oil Rises From Lowest Since October on Broader Market Optimism
Oil rallied from its lowest close in almost two months, buoyed by bullishness in broader financial markets. West Texas Intermediate rose toward $58 a barrel, after falling 1.5% in the previous session, while global benchmark Brent closed above $61.
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