Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil Industry's Weakest Links Are Seeking Relief From Bondholders
This article is for subscribers only. Welcome to The Brink. We're Edward Clark and Paul Burkhardt, reporters in London and Cape Town, following the troubles of the weakest oil companies. We also have news on Ukraine's Metinvest, the latest legal…
Energy Down With Oil, Natural Gas Futures - Energy Roundup
Shares of energy companies fell alongside energy futures. Natural gas futures declined as weather forecasts showed spring weather spreading through much of the U.S. in the coming days. Oil futures posted modest declines as traders awaited updates…
Oil giant TotalEnergies on Trump's Venezuela dream: 'Too expensive and too polluting
The comments come after Trump called on Big Oil to quickly reenter Venezuela to help rebuild the South American country's energy industry. TotalEnergies completely exited its oil and gas operations in Venezuela in 2022, citing a shift away from the…
Russian oil revenue plummets as sanctions target Putin's cash cow
Russia's crucial oil and gas revenues, which have sustained its war against Ukraine, have suddenly dwindled to multi-year lows as the fourth anniversary of the full-scale invasion approaches. This sharp decline is the result of new punitive…
You might love olive oil, but don't put it on your CV | Polly Hudson
The foodstuff was apparently listed as an interest on a job résumé, according to a viral social media post. It might make you stand out, but not in a good way Competition in the jobs market is ferocious, so today's applicants must…
Oil Rises Amid Lingering U.S.-Iran Tensions
0117 GMT — Oil is up early in the Asia session amid lingering U.S.-Iran tensions that could lead to supply disruptions. Hopes for a peaceful resolution between the U.S. and Iran appear to have been dashed, ANZ Research analysts say, citing…
Analysts See Decline in U.S. Crude Oil Stockpiles
Commercial crude stocks are seen falling by 400,000 barrels, to 419.9 million barrels, in the week ended Feb. 6, according to the average estimate of nine analysts and traders. Four expect an increase and five predict a decline. Expectations range…
TotalEnergies Cuts Buybacks as Profit Slips on Lower Oil Prices
TotalEnergies SE trimmed its share buybacks to the lower end of its guidance range, aiming to keep debt in check as it adjusts to lower oil prices. The company plans to repurchase $750 million of stock in the first quarter, compared with $1.5…
San Ai Oil Co 9-Mos Net Y6.18B Vs Net Y6.56B
San-Ai Oil Co. Ltd. (8097.TO) Japan Nine Months Ended December 31 GROUP 2025 2024 Revenue Y459.52 bln Y474.83 bln Operating Profit Y6.88 bln Y8.60 bln Pretax Profit Y7.77 bln Y9.46 bln Net Profit Y6.18 bln Y6.56 bln Per share Earnings Y99.12…
Green gambit sees China turn old oil pipeline into new carbon highway
China has achieved a breakthrough in its decarbonisation efforts by successfully repurposing a long-haul oil pipeline to transport carbon dioxide, in a trial run that offers a potentially scalable solution to accelerate the nation's ambitious…
BofA Sees Oil Market in Surplus Through 2028, Demand Growth to Peak in 2030s -- OPIS
The U.S. bank said world oil consumption should reach 108 million b/d by 2031 compared to 104 million b/d in 2025, with estimated annual growth of 1 million b/d this year and in 2027 before slowing down to just half of that pace by the end of the…
India Asks Refiners to Consider Buying More US, Venezuelan Oil
India asked state-owned refiners to consider buying more US and Venezuelan crude after a trade deal the Trump administration said included a pledge to stop importing Russian barrels. Refiners have been urged to prioritize US grades when they seek…
EIA Sees Oil Prices Retreating After Recent Supply Disruptions
'Unplanned disruptions to crude oil production in the United States and Kazakhstan tightened near-term oil supplies in January and caused crude oil prices to rise,' the EIA said in its latest monthly outlook. At the same time, cold weather in the…
Lavrov says US restrictions on Russia's role in Venezuela oil business are discrimination
MOSCOW, Feb 11 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Wednesday that new U.S. restrictions on the role of Russia and other countries in Venezuela's oil business were blatant…
Gwich'in fight to protect caribou from Alaska oil development
The Bureau of Land Management opened nominations last week for the first-ever oil and gas lease auction in Alaska's Arctic National Wildlife Refuge, or ANWR, setting the stage for development that three Gwich'in governments are now suing to stop.
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