Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine strikes major Russian oil hub hours after Trump's deal with Putin
The loading terminal of Russia's Novoshakhtinsk oil refinery caught fire overnight following reports of a Ukrainian drone strike just hours after President Trump announced a deal to supply millions of tons of Russian diesel fuel to the global…
Trump: Russian Oil Deal to Drive Diesel, Energy Prices Down 'Fast
President Donald Trump said a deal with Russia will bring 'massive amounts of oil' and diesel into the United States, and that prices will fall as a result. Speaking to reporters on Thursday, the president confirmed the agreement and thanked…
Squeezy olive oil bottles, Meghan's pot filler tap and the rise of 'cheffy' kit in home kitchens
Meghan Markle, the Duchess of Sussex, is no ordinary home cook, but when she appeared on Instagram this week at a hob presided over by a special pot filler tap, it spoke to a shift in the everyday kitchen – the rise of “cheffy”…
Bitcoin Recovers Some Ground on Falling Yields, Oil -- 2nd Update
The flagship cryptocurrency climbed 0.8% to $82,412 after a week of heavy selling pressure saw it fall to as low as $80,544 during Thursday's session, a two-and-a-half week low. Risk appetite improved on Friday on investor hopes for diplomatic…
Venezuela Wants to Return to the Days When Its Oil Fields Were Booming-With U.S. Help
CABIMAS, Venezuela—An oil gusher discovered more than 100 years ago gave birth to Venezuela's energy industry near this once-booming city on the shores of Lake Maracaibo. Today, Cabimas is ground zero for the U.S. effort to resurrect the…
Trump team sued over plan to blast Utah's famed cliffs for oil truck highway
The Trump administration plans to blast famed cliffs in eastern Utah that contain historic inscriptions to make way for an oil-transporting highway, and are now being sued over the project. Conservation groups filed a lawsuit last week against the…
Households urged to put peppermint oil on door frames this October
Peppermint oil is often suggested as a natural rodent deterrent Households are being urged to take precautions against rats this October, with a simple peppermint oil trick among the measures suggested to help deter the unwanted visitors as colder…
Weekly Indicators: AI-Related Positives Outweigh Oil And Interest Rate Negatives
High-frequency economic indicators remain broadly positive, though long leading signals in particular are trending less positive due to rising inflation and interest rates. Long leading indicators are on the cusp of turning neutral, with mortgage…
With Oil Over $100 and a $7 Billion Offer on the Table, Is ConocoPhillips the Most Interesting Oil Stock to Buy Right Now?
ConocoPhillips (COP -0.07%) has six operating segments: Lower 48; Europe; Middle East and North Africa, Asia Pacific; Alaska; Canada; and Other International. It just received an unsolicited offer to buy some of its European assets, which may be…
Zelenskyy Urgently Attacks Russian Oil/Fuel Export Terminal
Immediately after President Trump announced a strategic energy supply deal with Russian Federation President Vladimir Putin, Ukraine President Zelenskyy ordered drone strikes against the Russian oil/fuel export terminal NZNP. The targeted terminal…
'Time For Ukraine To Get A New President': Trump Targets Zelenskyy Over Russian Oil Refinery Strikes
Washington: US President Donald Trump has called for Ukraine to get a new president, intensifying his criticism of Ukrainian President Volodymyr Zelenskyy over Kyiv's attacks on Russian oil refineries and its approach to negotiations aimed at…
Boosting US oil supplies with Russian diesel unlikely to have much impact on prices, experts say
A new pact that calls for Russia to boost the U.S. supply of diesel over the next few months is unlikely to make a dent in painfully high prices at the pump or elsewhere, energy policy experts say. President Donald Trump announced Friday that he…
Isaias expected to miss big oil hubs | Arkansas Democrat Gazette
Hurricane Isaias is forecast to miss the oil industry's biggest hubs along the Gulf Coast but could still nudge fuel prices higher if it triggers power failures that shut down refineries for processing crude, according to industry experts. An…
As oil prices rise, RBI opens special window for PSU oil firms to meet their daily dollar need
With crude oil prices rising and public sector oil marketing companies needing more dollars to procure supplies, the Reserve Bank of India (RBI) on Saturday (October 10, 2026) announced to open a special window for them to meet their entire daily…
Ukraine Strikes Samara Oil Hub Again as Claims Spread Across Accounts
Ukrainian long-range drones are claimed to have struck the Samara linear production and dispatch station, known as LPDS, in Russia's Samara region again, according to Ukraine's General Staff. The station is described as one of Russia's major oil…
Receive a Daily briefing on Oil Industry News
Get Started