Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Opinion | What 'Landman' Understands About Oil
Taylor Sheridan's hit West Texas oil show “Landman” (the second season ends on Sunday) opens with an oil industry crisis manager, played by Billy Bob Thornton, tied to a chair as he negotiates with a Mexican drug cartel. To save his…
Why You Should Be Skeptical About Venezuela's Oil Reserves
A sculpture of a hand holding an oil drilling rig is pictured outside the state-run oil company Petroleos de Venezuela S.A. (PDVSA) in Caracas on February 26, 2025. (Photo by Pedro MATTEY / AFP) (Photo by PEDRO MATTEY/AFP via Getty Images)…
Before Venezuela's oil, there were Guatemala's bananas
In the aftermath of the U.S. military strike that seized Venezuelan President Nicolás Maduro on Jan. 3, 2026, the Trump administration has emphasized its desire for unfettered access to Venezuela's oil more than conventional foreign policy…
Opinion | Why the US really wants Venezuela's oil
The latest developments in Venezuela are interpreted as part of a broader US strategy to secure access to major oil resources. They are much more than that: the US raid signals a transformation in the global economy wherein a country's power is…
Big oil always said we'd need its help. Our tin-eared Government has not listened
Working out precisely what's going on in Donald Trump's head is always a challenge; he revels in unpredictability. But there is a fairly obvious motive for his about turn on the threat of military action in support of the Iranian protest movement…
Syrian army seizes country's largest oil field from Kurdish forces - BBC News
Syrian troops fighting Kurdish forces in north-eastern Syria have seized the country's largest oilfield. The Omar facility and nearby gas fields are under army control after the Kurdish-led Syrian Democratic Forces (SDF) pulled back, officials and…
Fuel could sell for GH¢9.50 without NPA price floor - Star Oil CEO hints
The Chief Executive Officer of Star Oil Ghana, Philip Tieku, has disclosed that his company would have been able to sell petrol at GH¢9.50 per litre during off-peak hours between 10 p.m. and 4 a.m. to support night-time demand. However, he…
How Venezuela went from South America's richest to poorest economy despite massive oil reserves
In the early part of the last century, Venezuela was considered the leading economy in South America. At least part of the story is that the country discovered massive oil reserves in 1922. Currently, the country has the largest reserves of any…
Syrian forces seize major oil, gas fields in eastern Syria, security sources say
World Jan 18 (Reuters) - Syrian troops fighting U.S.-backed Kurdish-led forces seized the Omar oil field, the country's largest, and the Conoco gas field in the eastern Deir Zor province as allied Arab tribal forces advanced…
How oil tankers have been weaponised
Today, an estimated 900 to 1,500 tankers – perhaps one in five in the world – are part of the global “shadow fleet”, defined by the International Maritime Organisation as “ships that are engaged in illegal…
Syrian government seizes strategic town and oil fields from Kurdish forces in ongoing push eastward
TABQA, Syria (AP) — Government forces seized a strategic town and oil fields Sunday in northeastern Syria, part of an ongoing push against Kurdish-led forces east of the Euphrates River. This came after tensions between Damascus and the…
Oil India commences critical mineral exploration in Arunachal and advances Andaman oil appraisal
The Andaman Nicobar Basin has now established that it is a “petroliferous basin” and the presence of hydrocarbons has opened up new vista of confidence for India, Oil India CMD Ranjit Rath said here on Sunday. “We are in the…
I asked a private chef what the best oils are to use in cooking-they recommended 6
I asked a private chef what the best oils are to use in cooking—they recommended 6 Using oil when cooking is very common, whether you're making some roast potatoes or frying on the hob. Choosing the right oil is one of the most common points…
New Sanctions On Russian Oil Hit Indian, Turkish Refineries. Enter China?
On a mild and cloudy evening in Izmit, western Turkey, a Panamanian-flagged tanker called the Bela 6 dropped anchor and began pumping nearly 100,000 tons of Russian oil. The January 6 delivery was an outlier for the refinery's owner, Tupras, which…
Russia's war funding under threat as oil revenues hit five-year low
Putin's financing of his invasion of Ukraine is set to be made more difficult, experts say Falling Russian oil and gas revenues and the country's continued depletion of its liquid reserves will likely complicate Moscow's efforts to fund a…
Receive a Daily briefing on Oil Industry News
Get Started