Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
President Trump to meet with oil industry leaders as gas prices continue to rise
Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ Trump to meet with oil industry leaders as gas prices continue to rise Updated: 8:48 AM EDT Sep 1, 2026 Editorial Standards ⓘ WASHINGTON — President Donald Trump will meet…
Trump says Venezuelan oil could replenish depleted U.S. stockpiles. Will it?
President Trump has framed last week's deal for the U.S. government to take a stake in Venezuela's oil reserves as a boon not just for gas prices, but also for the Strategic Petroleum Reserve, which has dropped to historically low levels. 'One of…
Oil Shipments to India Face Delivery Hurdles on Mideast Snarls
Oil shipments to India have been disrupted by a resurgence of fighting in the Middle East, with at least two refiners forced to arrange more costly, alternative cargoes after planned deliveries didn't arrive on time. State-run Bharat Petroleum…
Chevron expected to expand oil operations in Venezuela, U.S. official says
Venezuela's interim President Delcy Rodriguez, U.S. Energy Secretary Chris Wright and U.S. Charge d'Affaires for Venezuela Laura Dogu visit oil production facilities at the joint venture between Chevron and state oil company PDVSA in the Orinoco…
Wall Street's Direction Is Being Dictated by Oil
This article is for subscribers only. Today's Big Take: how foreign investors are dodging US tax A lot of the action in markets can be explained by the economic cost of the Iran war. As Brent crude jumps to $95 a barrel, bringing inflation and…
How the US Is Taking Direct Control of Venezuelan Oil
While Venezuela isn't the powerhouse oil producer it used to be, the country nonetheless has some of the world's largest oil reserves. When the US seized then-Venezuelan President Nicolás Maduro on Jan. 3, US President Donald Trump was clear…
India defies Iran war oil shock to keep 8% growth on track
India 's stronger-than-expected first quarter growth has bolstered analysts' confidence that it can sustain its momentum through the rest of the financial year and remain the world's fastest-growing major economy – even as it remains exposed…
US oil giant Chevron confirms it will expand operations in Venezuela
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As oil tops US$97, US-Iran war escalation has markets bracing for supply risks
An overnight escalation in hostilities between the United States and Iran pushed global oil benchmark Brent futures above US$97 a barrel at one point on Wednesday, marking their highest intraday level since early June – though analysts said…
US oil giant Chevron confirms it will expand operations in Venezuela
NEW YORK (AP) — Oil giant Chevron is confirming that it will expand its operations in Venezuela, just days after President Donald Trump announced an ambitious deal to develop the nation's oil reserves and give the Pentagon a stake in the…
The US is gobbling up Venezuelan oil, but will it lower fuel prices?
When United States President Donald Trump announced “ the biggest oil deal in world history ” with Venezuela on August 28, he claimed it would “more than double” US oil reserves and “substantially lower gas prices…
Trump can crush Iran and China by trading British islands for Argentine oil
A powerful historical precedent validates this transactional diplomacy. Washington executed the “Destroyers for Bases Agreement” in 1940, exchanging 50 American warships for strategic British naval sites. The White House must apply…
Remarkable US oil deal puzzles analysts - and angers many Venezuelans
Will Grant BBC's Mexico, Central America and Cuba correspondent From the moment elite US troops swooped into Nicolás Maduro's compound in Caracas to forcibly remove him from power in January, President Donald Trump made clear that securing…
Man arrested as Hong Kong customs seize HK$42 million worth of 'space oil'
Hong Kong customs has arrested a man and seized HK$42 million (US$5.3 million) worth of the illegal narcotic “space oil” from a drug workshop fitted with a semi-automated production line capable of producing up to 160,000 cartridges…
Oil Prices Push Global Bond Market Closer to the Edge
Treasury Secretary Scott Bessent has a lot of plates spinning at the moment. Even as he hosts the G-20, he is busy defending his attempts to manage the yen-dollar exchange rate, long-term Treasury yields and a renewed trade war with Canada.
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