Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Expansive Offshore Oil Leasing Plan Slammed By Predictable States
WASHINGTON, DC - AUGUST 12: U.S. Interior Secretary Doug Burgum walks to a television interview on the North Lawn of the White House on August 12, 2025 in Washington, DC. Burgum attended yesterday's news conference where U.S. President Donald Trump…
Panic in Europe as entire country faces energy collapse over Russian oil
Serbia has suspended operations at its NIS refinery due to a lack of crude oil supplies and faces a race against time to secure fuel for the winter. The Balkan country has been scrambling to source alternative energy supplies, since the US Treasury…
Oil and gas industry helped rewrite drilling rules
By Kirsty Johnston of RNZ Fossil fuel companies were given privileged, insider access to confidential drafts of legislation during a two-year campaign to weaken oil and gas regulation and overturn the offshore exploration ban, RNZ has found.
Oil Falls; Potential Ukraine-Russia Peace Deal in Focus
0115 GMT — Oil trades lower in the Asian session. Traders are likely weighing the prospect of a Ukraine-Russia peace deal that could deflate political risk from an already well-supplied market, says the Global Economics and Markets Research…
Russian Oil Flows Extend Slide With Prices Retreating Again Too
Russia's seaborne crude shipments retreated for a fifth week to deepen a trend that began when the US sanctioned its two biggest oil companies. The move has also sent prices tumbling to tighten the squeeze on Moscow's revenues. The country shipped…
JPMorgan says oil prices could crash more than 50% in the next 2 years
Oil has largely languished this year, but the next two years could be much tougher for crude producers if JPMorgan's latest forecast is correct. The price of oil is down 15% this year, and JPMorgan analysts say the commodity is staring down a…
Sarawak Oil Palms net profit slips to RM110.95mil in 3Q
KUALA LUMPUR: Sarawak Oil Palms Bhd 's (SOPB) net profit for the third quarter (3Q) ended Sept 30, 2025, slipped to RM110.95 million from RM121.80 million in the same period last year. The losses in operating expenses of RM11.85 million during the…
Indian Banks Consider Financing Non-Sanctioned Russian Oil Trade
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Oil dips on oversupply concerns while investors eye Ukraine talks
SINGAPORE: Oil prices eased on Tuesday as concerns supply will exceed demand next year outweighed worries that Russian shipments will remain under sanctions as talks to end the Ukraine war remain inconclusive. Brent futures fell 33 cents, or 0.5%…
Oil Steadies as Traders Look to Risk-On Mood and Ukraine Talks
Oil steadied as investors tracked risk-on mood in wider financial markets, which countered the impact of progress in peace talks over Ukraine that could pave the way for increased crude supplies. West Texas Intermediate held near $59 a barrel after…
Future Fund urged to dump $175m from Russian 'blood oil' refiner
The Future Fund has invested $175.4 million in a controversial Indian conglomerate that has made billions refining and exporting sanctioned Russian oil, sparking calls for the sovereign wealth fund to sell its shares. The fund's latest disclosures…
Oil futures slide after reports say Ukraine agreed to U.S.-brokered Russia peace deal
Ukraine has agreed to a peace deal with Russia brokered by the Trump administration, multiple media reports said on Tuesday, in a potential step towards ending a war that has raged for nearly four years. Representatives of the U.S. and Ukraine News…
Canada Agrees to Deal That Paves Way for New Oil Pipeline, CBC Says
Prime Minister Mark Carney and Alberta Premier Danielle Smith have agreed to the broad terms of a deal that would support a new oil pipeline to Canada's west coast, the Canadian Broadcasting Corp. reported Monday. Currently Canada has rules which…
UAE Oil Giant Keeps $150 Billion Spending Plan in Growth Push
Abu Dhabi National Oil Co. will maintain its investments at $150 billion over the next five years as it targets growth in production capacity at home and expands internationally. The company's board approved the spending plan that's in line with…
$30 oil? JPMorgan thinks it's possible in a couple of years
The world is facing a flood of oil that could push global benchmark Brent prices down into the $30s by the end of 2027 if nothing is done to curtail supply, JPMorgan warned in a Monday note to clients. Oil demand has remained surprisingly strong in…
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