Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Shares Rise as Oil Rally Resumes -- Energy Roundup
Stocks in the energy sector rallied alongside oil prices, as Brent crude rode nearly 5% to $103 a barrel. U.S. crude futures rose as the Pentagon sent a third aircraft-carrier strike group and more troops to the Middle East while President Trump…
Venezuela's oil is flowing faster than its democracy
Oct. 2 (UPI) -- When U.S. forces captured Nicolás Maduro in Caracas on Jan. 3 and flew him to the United States to face federal drug-trafficking charges, many Venezuelans hoped the country had turned a page. Nearly nine months later, the…
Kyiv defies Trump with massive drone barrage against Russian oil
Ukraine has defied US President Donald Trump by launching a swarm of deadly drones on Russia, unleashing at least 650 Kamikaze planes at Moscow's oil and chemical factories. The massive overnight attacks on Russia's oil complexes was approved…
Why is oil close to $100 if Trump is winning the battle in Hormuz?
I don't know who will win the U.S.-Iran war. But if you ask me who's prevailing in the battle over the Strait of Hormuz, it's clear U.S. President Donald Trump has the advantage. As much as Tehran says the opposite, the strait is effectively wide…
G7 announces release of diesel, crude oil reserves to curb high prices
Oct. 2 (UPI) -- The G7 announced Friday that it plans to release up to 100 million barrels of diesel and crude oil reserves as it attempts to curb high fuel prices. The international, intergovernmental group said the release of reserves will be…
Grangemouth Oil Refinery news, interviews and updates on the industrial site
Read on for the latest Grangemouth news, jobs and investment updates, just transition plans, political reaction and analysis of what the refinery's closure means for Scotland's economy and fuel security. As reported by The Herald, here is a…
G7 to release up to 100m barrels of emergency oil and diesel reserves
Leaders of G7 nations are to release up to 100m barrels of their emergency diesel and crude oil stockpiles after coming under pressure from Donald Trump to ease surging fuel prices. The drawdown of reserves from some of the world's largest…
Big Oil Perfected Sideways Drilling. A Startup Wants to Do the Same With Nuclear Waste
The thorny puzzle of how to store nuclear waste that will pose a danger to humanity for at least the next 10,000 years has historically been the kind of thing that governments turn to science fiction to help solve. Back in the 1980s, for example…
No lights and no radio: Getting oil through Hormuz is a risky job
The tanker captain summoned his years of experience when he saw the blast in front of him. He veered his 300-meter-long ship around the vessel ahead and could see a fire had started. He called the U.S. Navy to tell them of the attack. The maneuver…
G7 nations agree to release 100 million barrels of oil, including diesel
WASHINGTON (AP) — The Group of Seven industrial nations said on Friday that they plan to release 100 million barrels of oil in the coming weeks, starting with 'substantial' amounts of diesel after the fuel recently hit record high prices in…
Trump says US deal with South Korea includes US$8.4 billion for oil recovery
President Donald Trump said on Friday that a US trade deal with South Korea now includes US$8.4 billion (HK$65.52 billion) for an oil recovery project. SCROLL TO CONTINUE WITH CONTENT “The Republic of Korea Deal keeps getting BETTER! 8.4…
The Oil Executive Building a Solar Farm Bigger Than London
Anant Ambani works in oil. His big bet is on sunshine. Reliance Industries controls the world's largest oil-refining complex. But Anant Ambani, who is leading the clean-energy business, wants to focus on something different from what has been…
How China Managed the Oil Shock
Since what the International Energy Agency called “the largest supply disruption in the history of the global oil market” arrived in February, China—the world's largest crude oil importer, with more than 90 percent of these…
G7 to release 100 million barrels of oil and diesel after Trump export ban threat
The G7 has agreed to release 100 million barrels of oil and diesel in a bid to ease supply pressures that have caused prices to skyrocket. The group of advanced economies, including the US, said the move would include a 'substantial release' of…
G7 to release 100 million barrels of oil and diesel after Trump export ban threat
Archie Mitchell and Lucy Hooker, Business reporters The G7 has agreed to release 100 million barrels of oil and diesel in a bid to ease supply pressures that have caused prices to skyrocket. The group of advanced economies, including the US, said…
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