Oil Industry News

Stabilising oil industry - The Nation Newspaper

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…

Oil Prices Supported by Geopolitical Tensions

Roger Chin to head Invest Sabah, Madius takes charge of palm oil agency

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…

Russia's CPC Oil Terminal to Halt Intake on Bad Weather With Storage Full

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…

Oil gains as investors weigh Middle East tensions

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.

This 25% off shower oil will salvage your winter skin

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…

Why China Is Driving Short-Term Oil Prices But OPEC Still Holds The Lever

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…

From Mines to Oil Rigs, How AI Is Rewiring Mining, Energy and Agriculture

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…

Oil Rebounds as Russia-Ukraine War Seen Continuing

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…

National average gas prices drop for fifth week in a row

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…

Oil truck rollover closes Western Avenue in Newburgh; drivers urged to avoid the area

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…

Bitcoin (BTC) tops $90,000, Oil rises as Russia-Ukraine peace hopes falter

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…

Oil Picks Up on Lack of Russia-Ukraine Peace Breakthrough

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…

Judge orders consent decree to resolve Frederick oil spill

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…

Oil gains as investors weigh Middle East tensions

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…