Oil Industry News
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Texas oil industry welcomes Railroad Commissioner Jon Rosenthal
Subscribe to The Y'all — a weekly dispatch about the people, places and policies defining Texas, produced by Texas Tribune journalists living in communities across the state. Associations representing oil companies in Texas said they would…
Opinion: For oil markets, Trump is anything but a lame duck
Please log in to bookmark this story. Create an account Labelling a U.S. President who has lost Congress a lame duck is a generalization too far. Donald Trump's domestic agenda may be hobbled, not his foreign one. He is still commander-in-chief.
Swinney's response on oil and gas 'is incoherent'
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The Scottish Government's stance on oil and gas is…
Energy Executives See 2027 Industry Growth and Oil-Supply Risks
Baker Hughes CEO Lorenzo Simonelli sees energy activity expanding in 2027, while Richard Bronze, Energy Aspects' co-founder and head of geopolitics, warns oil could move into surplus if Middle Eastern flows normalize, complicating project planning.
Swinney's response on oil and gas 'is incoherent'
The Scottish Government's stance on oil and gas is “incoherent”, campaigners have claimed. First Minister John Swinney told MSPs on Thursday that his Government was against the UK Government's attempts to ban all new exploration in…
Oil Traders in Talks With US to Get Sanctioned Ships Back to Sea
Oil traders are seeking approval from the US government to use some tankers that were sanctioned for their involvement in shipping illicit oil, in an effort to address a vessel crunch and lower prices. At least four companies, including Trafigura…
Oil prices hold as market weighs diplomatic efforts on Iran - TT
An oil tanker truck drives along a highway outside of Garden City, Texas. (Eli Hartman/Bloomberg) Oil swung as traders weighed diplomatic efforts to de-escalate the Iran war and reach a resolution that could support energy flows from the Middle…
Crude Oil Price Surge, Gold & Silver Decline: Samvat 2082 Commodity Market Analysis
Explore the dramatic shifts in commodity markets during Samvat 2082, where crude oil prices soared due to geopolitical tensions, while gold and silver experienced significant corrections despite initial rallies, impacting both international and…
Oil's Plunge Below $100 Doesn't Mean Markets Are Out of Jeopardy
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Senior Reporter Alex Longley looks at the causes of a tumultuous period for crude prices. A week is a long time in the oil market.
Azerbaijan's Chirag platform produces nearly 108 million tonnes of oil over 29 years
Azerbaijan's Chirag offshore platform has produced 107.8 million tonnes of oil and 25 billion cubic metres of natural gas since operations began in 1997, according to the Ministry of Energy. The figures, recorded as of November 1, 2026, mark 29…
Oil-rich UAE makes massive AI bet as Sam Altman unveils ambitious plan to transform energy industry
ABU DHABI, United Arab Emirates — At the opening of the world's largest energy conference in Abu Dhabi, artificial intelligence took center stage alongside oil and gas as OpenAI CEO Sam Altman joined senior UAE officials for the announcement…
Hedge Funds Fled Bullish Oil Bets Ahead of Election Day Drop
Hedge funds cut bullish crude bets by the most since June as the US and Iran struck rare de-escalatory notes, positioning them to profit from the selloff after the Democratic sweep of Congress. Money managers decreased their combined net-long…
GeoPark Assesses Logistics, Liabilities at Venezuelan Oil Field Ahead of Takeover
GeoPark Ltd. is currently assessing pre-existing environmental liabilities, lining up contractors and looking ahead to resolving logistical constraints at a Venezuelan oil field before it assumes operations within 60 days. The Latin American oil…
Turkish Army's $34 Billion Pension Fund Enters Libyan Oil Trade
Turkey's military pension fund has emerged as a key trader of Libyan oil, boosting Ankara's influence in the African country's energy sector after years of political and military support. Ordu Yardimlasma Kurumu, better known as Oyak, started…
A 'geologic freak' called the Smackover may end America's lithium dependence on China, and Big Oil is already there
Global lithium demand has jumped more than 400% just this decade, to over 1.5 million metric tons per year. By 2035, that demand could approach 4 million tons. Lithium-ion battery demand for electric vehicles, utility-scale and data center energy…
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