Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump holds leverage over Iran thanks to low oil prices, Energy Secretary says
Energy Secretary Chris Wright said a well supplied global oil market would prevent a big price spike resulting from U.S. tensions with Iran. Low oil prices give President Donald Trump geopolitical leverage as the U.S. threatens strikes against…
Michigan lawsuit calls Big Oil a 'cartel' that's driving high energy bills
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published b y the Guardian and is reproduced here as part of the Climate Desk collaboration. Amid rising…
Canadian Crude Oil Market Flashes Signals a Supply Glut Is Forming
Canadian oil producers riding a boom from the expanded Trans Mountain pipeline are now grappling with increasing price discounts for near-term supplies, a sign that a supply glut is taking hold. Canada's flagship oil grade's discount has grown to…
Exxon, Chevron Want In as Trump Remakes Global Oil Market - TT
(Chevron by David Payl Morris/Bloomberg; Exxon by Andrew Harrer/Bloomberg) Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world's riskiest geopolitical hot spots…
Who is Klint Kubiak? His rise from working oil fields to Seahawks OC and future Raiders coach
SAN JOSE, Calif. — Football coach or oil field worker? You might be surprised that Klint Kubiak chose the latter line of work soon after starting out on his own. The son of former Houston Texans and Denver Broncos head coach Gary Kubiak…
As US moves to block oil supply, Cubans wonder how they'll survive deepening energy crisis
After a day spent selling books, Solanda Oña typically boards a bus from a wealthy seaside district in Havana to her home in the city's working-class center. But on Thursday night, the bus never came. The 64-year-old bookseller spent the…
Crude Market Is Flashing New Warning Signs for Alberta's Oil Patch
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, sign up here. Canadian oil companies have been enjoying better prices ever since the expanded…
Venezuela Reformed Its Oil Law. Now What?
U.S. President Donald Trump's plan to parlay Washington's de facto control of Venezuela's economy into an oil industry renaissance has now melded with his notion to use Venezuelan crude to wean India off Russian oil. Neither is likely to come about…
Trump Is Remaking the Global Oil Market, and Exxon and Chevron Want In
Exxon Mobil Corp. and Chevron Corp. are setting their sights on expanding production in nations tied to OPEC, including some of the world's riskiest geopolitical hotspots, as President Donald Trump's assertive foreign policy helps them strike…
As US block of oil supply deepens energy crisis, Cubans ask: What more can we sacrifice?
HAVANA – After a day spent selling books, Solanda Oña typically boards a bus from a wealthy seaside district in Havana to her home in the city's working-class center. But on Thursday night, the bus never came. The 64-year-old…
Venezuela's Imports of Key Oil-Production Feedstock Edge Higher
Venezuela's imports of naphtha, a key feedstock for oil production, are ramping up as the US readies sanctions relief that would allow oil drillers and service companies to restart activities in the country.
India Will Continue To Buy Russian Oil
'No one can or will bar India from pursuing its energy goals as it wishes.' 'The FTA wording may sound more restrictive, but the underlying reality will not undermine India's sovereign energy decisions.' 'Deal with US does not automatically impose…
Nymex Overview: Oil Gains After Iran Sticks With Nuclear Enrichment in U.S. Talks -- OPIS
London-based April Brent was up by 85cts to about $68.40/bbl and May Brent was 80cts higher to $67.80/bbl. Both oil benchmarks finished almost $2 lower on Thursday on signs of easing supply risks ahead of the U.S.-Iran talks and news that…
Hedge Funds Hike Bullish Oil Bets to 10-Month High on Iran Risks
Hedge funds turned the most bullish on Brent crude since early April as traders hedged against the risk of a military conflict between the US and Iran and potential supply disruptions from the OPEC member. Money managers increased their net-long…
J-Oil Mills 9-Mos Net Y2.56B Vs Net Y5.86B
J-Oil Mills Inc. (2613.TO) Japan Nine Months Ended December 31 GROUP 2025 2024 Revenue Y171.13 bln Y176.73 bln Operating Profit Y3.61 bln Y7.83 bln Pretax Profit Y3.95 bln Y8.17 bln Net Profit Y2.56 bln Y5.86 bln Per share Earnings Y77.33 Y177.26…
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