Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

thenationonlineng.net - John Ofikhenua, Abuja - Stabilising oil industry - The Nation Newspaper
Stabilising oil industry - The Nation Newspaper
The Nation Newspaper - Latest Nigeria news update

Aside from the crude oil production that has soared by nearly one million barrels per day, the turbulence that permeated the downstream industry upon the removal of petrol subsidy has calmed down with wet retail outlets and crashing pump prices…

wsj.com - Oil Prices Supported by Geopolitical Tensions
Oil Prices Supported by Geopolitical Tensions
Wall Street Journal

thestar.com.my - MUGUNTAN VANAR - Roger Chin to head Invest Sabah, Madius takes charge of palm oil agency
Roger Chin to head Invest Sabah, Madius takes charge of palm oil agency
The Star Online

KOTA KINABALU: Nominated Sabah assemblyman Datuk Roger Chin and former federal minister Datuk Wilfred Madius Tangau have been appointed to head two state government agencies. Chin will take over as chairman of Invest Sabah from Tan Sri Anifah Aman…

bloomberg.com - Nariman Gizitdinov - Russia's CPC Oil Terminal to Halt Intake on Bad Weather With Storage Full
Russia's CPC Oil Terminal to Halt Intake on Bad Weather With Storage Full
Bloomberg

Russia's Caspian Pipeline Consortium terminal plans to stop accepting oil later Monday, threatening crude production in neighboring Kazakhstan. Bad weather is limiting the ability of ships to take oil from the conduit after storage tanks filled up…

thestar.com.my - Oil gains as investors weigh Middle East tensions
Oil gains as investors weigh Middle East tensions
The Star Online

OIL prices rose on Monday as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the Russia-Ukraine peace talks. Brent crude futures rose 56 cents, or 0.92%, to $61.20 per barrel at 0236 GMT, while U.S.

nypost.com - Charlotte Finch - This 25% off shower oil will salvage your winter skin
This 25% off shower oil will salvage your winter skin
New York Post

If your skin's life motto this winter is “I'm dry, not dramatic,” then we need to have a gentle, hydrating talk. When winter turns your skin into collateral damage — courtesy of blasting heat and biting wind — Bioderma…

zerohedge.com - Tyler Durden - Why China Is Driving Short-Term Oil Prices But OPEC Still Holds The Lever
Why China Is Driving Short-Term Oil Prices But OPEC Still Holds The Lever
Zero Hedge

China now drives short-term oil price moves as its opaque import patterns, refinery margins, and strategic stockpiling increasingly shape marginal demand and near-term price discovery. OPEC's influence has shifted to the medium term. In times of…

pymnts.com - PYMNTS - From Mines to Oil Rigs, How AI Is Rewiring Mining, Energy and Agriculture
From Mines to Oil Rigs, How AI Is Rewiring Mining, Energy and Agriculture
PYMNTS.com | Breaking News, Trends and Analysis

Now, a fundamental shift is occurring as AI is being embedded directly into the “muscle” of machinery, turning AI from an experimental software layer into critical operational infrastructure. In traditionally technology-averse…

barrons.com - Anthony Harrup, Dow Jones Newswires - Oil Rebounds as Russia-Ukraine War Seen Continuing
Oil Rebounds as Russia-Ukraine War Seen Continuing
Barron's

Crude futures recover much of Friday's losses as the weekend meeting of President Trump and Ukraine's Zelensky left some key points to be settled. 'Crude oil is trading on the perception the Russia/Ukraine peace process is not going to produce a…

washingtonexaminer.com - Maydeen Merino - National average gas prices drop for fifth week in a row
National average gas prices drop for fifth week in a row
Washington Examiner

Patrick De Haan, head of petroleum analysis at GasBuddy, said in a statement that oil prices have remained relatively low despite President Donald Trump's blockade of all sanctioned oil tankers coming in and out of Venezuela. “With…

newscentermaine.com - NEWS CENTER Maine Staff - Oil truck rollover closes Western Avenue in Newburgh; drivers urged to avoid the area
Oil truck rollover closes Western Avenue in Newburgh; drivers urged to avoid the area
newscentermaine.com

Public Safety The Newburgh Fire Department announced on social media that an oil truck rollover had shut down part of Western Avenue to local traffic just after 2 p.m. NEWBURGH, Maine — A section of Western Avenue in Newburgh was closed to…

coindesk.com - Omkar Godbole - Bitcoin (BTC) tops $90,000, Oil rises as Russia-Ukraine peace hopes falter
Bitcoin (BTC) tops $90,000, Oil rises as Russia-Ukraine peace hopes falter
CoinDesk

Bitcoin BTC$90,159.56 rose on Monday as dampened hopes of a Russia-Ukraine peace deal pushed oil prices higher. BTC, the leading cryptocurrency by market value, jumped over 2% to trade above $90,000, bringing cheer to the broader market. Major…

barrons.com - Anthony Harrup, Dow Jones Newswires - Oil Picks Up on Lack of Russia-Ukraine Peace Breakthrough
Oil Picks Up on Lack of Russia-Ukraine Peace Breakthrough
Barron's

Crude oil futures are recovering much of the ground lost Friday after weekend talks between President Trump and Ukraine's Zelensky left points of agreement on territory and the duration of security guarantees still to be resolved. The lack of a…

thedailyrecord.com - Ian Round - Judge orders consent decree to resolve Frederick oil spill
Judge orders consent decree to resolve Frederick oil spill
Maryland Daily Record - Maryland Daily Record

A Frederick County judge this month entered a consent decree to finish environmental remediation after a 2021 incident in which over 7,600 gallons of diesel oil were released into the state's underground waters — and state regulators didn't…

channelnewsasia.com - Oil gains as investors weigh Middle East tensions
Oil gains as investors weigh Middle East tensions
CNA

Dec 29: Oil ‌prices rose in early Asian trading on Monday as investors weighed Middle East tensions that could disrupt supply, while a major hurdle remains in the Russia–Ukraine peace talks. Brent crude futures rose 57 cents or 0.94…

Receive a Daily briefing on Oil Industry News

Get Started