Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Russia's Oil Revenue Is Plummeting
As Russia holds direct peace talks with Ukraine for the first time in months, the Kremlin's most potent fuel for the war, oil revenue, is under mounting strain. The price of Russian oil, the country's primary export, has declined under the weight…
Exxon, Chevron Cautious on Venezuela as Trump Urges Oil Growth
Exxon Mobil Corp. and Chevron Corp. are treading carefully as they weigh President Donald Trump's call to invest $100 billion to rebuild Venezuela's oil industry against the disciplined spending model that's sent their stocks soaring on Wall…
US oil companies going to Venezuela - Trump
US President Donald Trump has said that American oil companies are going to Venezuela in light of the South American country's latest push to incentivize foreign investment in its energy sector. In early January, US commandos conducted a raid on…
Asian Energy Services strikes oil in Gujarat
Asian Energy Services has discovered oil at the onshore Mevad field in Gujarat following the drilling and testing of a new well with expected peak production of about 125-130 barrels of oil per day (bopd). The well NM-01 was drilled to a total…
MMEA detains two tankers illegally transferring RM512mil in crude oil
Nation GEORGE TOWN: The Malaysian Maritime Enforcement Agency (MMEA) in Penang detained two oil tankers suspected of transferring crude oil worth more than RM512mil in the state's waters on Thursday (Jan 29). Penang Maritime director Maritime Capt…
California's Oil Refining System Has Collapsed, and One Region Is Ground Zero
Californians have lived with the consequences of bad energy policy for years. Those consequences are now visible in real infrastructure, real supply constraints, and real risk. And they are showing up in one place more than anywhere else.
Expert study shows sanity returning to global oil forecasts * WorldNetDaily * by William Murray, Real Clear Wire
It can be hard to explain to a general audience how important the release of the World Energy Outlook (WEO) is to policymakers, energy companies and investors who make hundreds of billions of dollars in investment decisions worldwide each year. The…
California Voice: State shouldn't let oil companies rewrite refinery safety rules
TV news crews, along with the curious, gather on a hillside in Point Richmond to photograph the fire in an oil unit at the Chevron refinery in Richmond, Calif., Monday, Aug. 6, 2012. (D. Ross Cameron/Staff) In recent months, a string of refinery…
Oil, Gas and Petrochemical Facilities in Texas Emitted 1.6 Million Pounds of Regulated Pollutants During Last Week's Icy Weather - Inside Climate News
As freezing temperatures swept over West Texas last week, leaky pipeline systems in the Permian Basin of West Texas began to suck in air, spoiling their products, risking an explosion and leading operators to release or burn off vast volumes of…
Russia's oil revenue, the lifeblood of its war machine, is plummeting
Sign up now: Get ST's newsletters delivered to your inbox Russia's oil revenues, a key war fuel, face strain due to declining prices and Western sanctions, with 2025 revenues down almost 25%. To compensate, the Kremlin is increasing taxes and…
Are the West's tightening oil sanctions finally taking their toll on Russia's economy?
Across the world's vast oceans, more and more tankers bearing crude oil drawn from the Russian soil have begun to sit idle in the water. Reuters estimates suggest 19 million barrels of Urals crude loaded before December 15 are still in transit as…
US offers Venezuelan oil to India to cut Russian crude imports
The US outreach is intended to help India replace shrinking Russian oil imports with Venezuelan supplies, people familiar with the discussions told Reuters. India's Russian crude purchases, which stayed at about 1.2 million barrels per day (bpd) in…
Malaysia seizes US$129.9 million in crude from tankers suspected of illegally transferring oil
SINGAPORE: Two tankers suspected of illegal ship-to-ship oil transfers were detained and more than RM512 million (US$129.9 million) worth of crude oil seized 24 nautical miles west of Muka Head, Penang last week, the Malaysian Maritime Enforcement…
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I'm a Beauty Editor-the 6 Best Products I Tried This Month Include an Overnight Retinol Treatment and Hair Oil
A Curl-Defining Styling Oil: Verb Define and Shine Curl Hair Oil, $22; Eliminates Dandruff: Cécred Clarifying Shampoo and Scalp Scrub, $19; Sunscreen That's Fun to Use: Vacation Classic Whip Glow SPF 30 Body Sunscreen, $23; dermstore.com and…
Oil Stocks To Research - January 31st
Sable Offshore: The Court Ruling That Changes Everything Exxon Mobil, Chevron, ConocoPhillips, SLB, and EQT are the five Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of publicly traded companies…
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