Oil Industry News

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

washingtonexaminer.com - Claire Carter - Venezuela advances plan to release oil industry from state control
Venezuela advances plan to release oil industry from state control
Washington Examiner

To make these ventures more attractive, the plan would cut taxes and offer flexibility on the 30% royalty rate and introduce international mediation to address past expropriation disputes. Rodriguez framed the move as essential to revitalizing an…

marketwatch.com - MarketWatch Automation - Tourmaline Oil Corp. stock rises Friday, outperforms market
Tourmaline Oil Corp. stock rises Friday, outperforms market
MarketWatch

Shares of Tourmaline Oil Corp. TOU rallied 1.56% to C$62.51 Friday, in what proved to be an all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.43% to 33,144.98. Tourmaline Oil Corp. closed…

forbes.com - Sara Dorn - U.S. Sanctions Iranian Oil Vessels-But Plans To Deport Iranians Despite Protest Killings
U.S. Sanctions Iranian Oil Vessels-But Plans To Deport Iranians Despite Protest Killings
Forbes

The U.S. announced new sanctions Friday against Iran's oil industry it says are punishment for the regime's killing of protesters, at the same time the Trump administration reportedly prepares to deport dozens of Iranians, some who could face death…

bbc.co.uk - Emma Petrie - Robin Wheeldon oil paintings capture rural life in Lincolnshire - BBC News
Robin Wheeldon oil paintings capture rural life in Lincolnshire - BBC News
BBC

Image source, Lincolnshire County Council/Robin Wheeldon An exhibition of oil paintings depicting rural life in Lincolnshire has gone on display. The paintings, by Robin Wheeldon who grew up in Heighington near Lincoln, capture the county's…

ttnews.com - Christopher Charleston and Lucia Kassai - US Winter Storm Impacting Oil Markets - TT
US Winter Storm Impacting Oil Markets - TT
Transport Topics

Pumpjacks near Crane, Texas. A large swath of the country will be affected by this latest winter storm. (Justin Hamel/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Frigid weather sweeping across much of the U.S. is…

thehill.com - Rachel Frazin - Michigan sues oil giants, alleging collusion to stifle renewables, EVs
Michigan sues oil giants, alleging collusion to stifle renewables, EVs
The Hill

The state of Michigan is suing major oil companies and an industry association, alleging that they colluded to hamper the adoption of renewable energy and electric vehicles (EVs). In a lawsuit announced Friday, Michigan sued BP, Chevron…

independent.co.uk - Sophie Austin - California sues the Trump administration over plans to restart oil pipelines along the coast
California sues the Trump administration over plans to restart oil pipelines along the coast
The Independent

California sued the federal government Friday for approving a Texas-based company's plans to restart two oil pipelines along the state's coast, escalating a fight over the Trump administration's removal of regulatory barriers to offshore oil…

foxnews.com - Brie Stimson - California sues Trump administration over allegedly 'unlawful' pipeline restart approval years after oil spill
California sues Trump administration over allegedly 'unlawful' pipeline restart approval years after oil spill
Fox News

California Attorney General Rob Bonta announced on Friday the state is filing a lawsuit against the Trump administration over the Pipeline and Hazardous Materials Safety Administration's (PHMSA) asserting federal jurisdiction over two state oil…

abcnews.go.com -  FATIMA HUSSEIN Associated Press - US hits 9 tankers with sanctions over Iranian oil during protest crackdown and internet shutdown
US hits 9 tankers with sanctions over Iranian oil during protest crackdown and internet shutdown
ABC News

WASHINGTON -- The United States on Friday imposed sanctions on a fleet of nine ships and their owners accused of transporting hundreds of millions of dollars in forbidden Iranian oil to foreign markets. The sanctions are being imposed because of…

nypost.com - Emily Goodin - Exclusive | Trump tells The Post he has seized Venezuela oil - but can't reveal where ships are located
Exclusive | Trump tells The Post he has seized Venezuela oil - but can't reveal where ships are located
New York Post

WASHINGTON – President Trump said the U.S. has taken the Venezuela oil aboard seven recently-seized tankers — but the location of the ships remains a mystery. “I'm not allowed to tell you,” the president told The Post in…

aljazeera.com - Lila Vanorio - Venezuela's interim president's oil law reform to break with Chavez model
Venezuela's interim president's oil law reform to break with Chavez model
Al Jazeera

Caracas, Venezuela: Venezuela's parliament has advanced a proposal to loosen the state's control over its oil industry and boost the private sector's role in the first major overhaul of the industry in years. The proposal to reform Venezuela's…

bloomberg.com - Christopher Charleston - US Oil Markets Start to Feel Impact of Winter Storm Disruptions
US Oil Markets Start to Feel Impact of Winter Storm Disruptions
Bloomberg

Frigid weather sweeping across much of the US is starting to freeze oil and natural gas wells, threatening to disrupt production from North Dakota to Texas. Crude output in North Dakota's Williston Basin declined on Friday by roughly 7%, or 80,000…

kare11.com - SOPHIE AUSTIN - California sues the Trump administration over plans to restart oil pipelines along the coast
California sues the Trump administration over plans to restart oil pipelines along the coast
kare11.com

SACRAMENTO, Calif.(AP) — California sued the federal government Friday for approving a Texas-based company's plans to restart two oil pipelines along the state's coast, escalating a fight over the Trump administration's removal of regulatory…

cnbc.com - Macklin Fishman - Iran is not a major oil producer, but it still moves prices. Here's why
Iran is not a major oil producer, but it still moves prices. Here's why
CNBC

Oil prices hit multi-month highs last week as a new wave of civil unrest in Iran raised concerns about supply disruptions. 'They were going to hang 837 people,' President Donald Trump said in an interview with CNBC on Wednesday. 'And I told them…

winnipegfreepress.com - Sophie Austin, The Associated Press - California sues the Trump administration over plans to restart oil pipelines along the coast
California sues the Trump administration over plans to restart oil pipelines along the coast
Winnipeg Free Press

Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…

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