Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US moves to claim tanker and 2M barrels of seized Venezuelan oil
WASHINGTON (AP) — The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump's…
The Iran Risk Is Keeping Oil Prices Elevated
Iranian people walk through the area under a state building covered with a giant anti-U.S. billboard depicting a symbolic image of the destroyed USS Abraham Lincoln (CVN-72) aircraft carrier, in downtown Tehran, Iran, on February 26, 2026, the…
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Mahesh Edible Oil signs Ranbir Kapoor for SALONI and STAYFIT brands
Mahesh Edible Oil Industries has appointed Ranbir Kapoor as brand ambassador for its flagship brands SALONI (Mustard Oil and Soya Chunks) and STAYFIT. The move is part of the company's efforts to strengthen brand visibility and expand its presence…
Diamondback Energy: The Market Is Still Underestimating This High-Quality Oil Opportunity
Diamondback Energy remains a Strong Buy, driven by robust execution, attractive valuation, and strong free cash flow despite oil price volatility. FANG projects a 4% production/share growth in 2026 and continued lateral and Barnett expansion.
These 15 Hair Oils Are Basically Magic In A Bottle
If you've ever found yourself battling flyaways, feeling defeated by dull strands, or desperately wanting to rejuvenate those edges, your routine might just be missing a good hair oil. Finding the right hair oil can feel like searching for a needle…
US moves to legally control tanker and 2M barrels of oil seized off Venezuela's coast in December
The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December, another step by President Donald Trump 's administration to…
Venezuela suspends Maduro-era oil, gas contracts
Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of president Nicolas Maduro, four sources with knowledge of the move told Reuters on Thursday. The suspension has had…
Saudi Reserves Climb to Highest Since 2022 on Oil, Debt Sales
Saudi Arabia's international reserves rose to the highest level since 2022 last month, boosted by increased oil revenues and elevated foreign-debt issuance. The kingdom's net foreign assets were almost 1.7 trillion riyals ($453 billion) in January…
What to know about Greenpeace and the oil pipeline lawsuit that threatens its future
Greenpeace is fighting for its life in North Dakota's court system, where a judge has decided to order the environmental group to pay an expected $345 million to an energy company whose Dakota Access oil pipeline construction drew protests nearly a…
Jump in oil prices may reflect worry about Iran delays on nuclear deal, analyst says
Oil prices were climbing on Friday amid rising concerns the U.S. is running out of patience after a deal to end Tehran's nuclear ambitions didn't materialize this week. The Oman-mediated talks between the U.S. and Iran in Geneva ended on Thursday…
Oil Falls on Expectations U.S.-Iran Talks to Continue Next Week
0137 GMT — Oil falls in early Asian trade on expectations that the U.S.-Iran talks will continue next week. Although latest round of talks over Iran's nuclear program ended on Thursday without a deal, Oman's foreign minister and a U.S.
Oil settles down as traders follow US, Iran talks
HOUSTON: Oil prices settled lower after a choppy session on Thursday as investors tracked developments in talks between the United States and Iran over the Opec member's nuclear programme, weighing potential supply concerns if hostilities escalate.
Exclusive-Venezuela suspends 19 oil, gas production-sharing contracts signed under Maduro government, sources say
HOUSTON, Feb 26 (Reuters) - Venezuela's oil ministry has suspended 19 oil production-sharing contracts with private companies signed under the administration of President Nicolas Maduro, four sources with knowledge of the move told…
Abu Dhabi Offers More Oil to Partners in Countdown to OPEC+ Meet
More of Abu Dhabi's flagship Murban crude is set to be exported in April, according to people familiar with the plans, adding to indications of robust oil supplies from countries across the key producing region. Government-owned Abu Dhabi National…
US moves to legally control tanker and 2M barrels of oil seized off Venezuela's coast in December
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