Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US oil industry doesn't see profit in Trump's 'pro-petroleum' moves
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) As the Trump administration makes announcement after announcement about its efforts to promote the U.S. fossil fuel…
US oil industry doesn't see profit in Trump's 'pro-petroleum' moves
As the Trump administration makes announcement after announcement about its efforts to promote the U.S. fossil fuel industry, the industry isn't exactly jumping at new opportunities. Some high-profile oil and gas industry leaders and organizations…
A top commodities firm predicts a 'super glut' of oil in 2026 on weak demand and booming supply
The long-predicted 'super glut' of oil is expected to hit energy markets in 2026. Trafigura, one of the world's biggest commodities trading firms, said it believes the oil market will see a flood of new supply at a time when the demand outlook is…
LoRaWAN Based Smart Industrial Waste Oil Tracking System
RAKwireless WisBlock Base Board×1RAKwireless RAK11300×1RAKwireless RAK12005×1RAKwireless RAK12030×1 WisBlock librariesThe Things Network (TTN) accountLoRaWAN activation information (AppEUI, DevEUI, AppKey) Soldering station…
TotalEnergies Buys 40% Stake in Galp's Namibia Oil Discovery
TotalEnergies SE has won the race to acquire a stake in Galp Energia SGPS SA's major offshore Namibia discovery, one of the industry's most-watched new oil prospects. TotalEnergies agreed to acquire a 40% stake in the Mopane field in exchange for…
Oil Market Faces 'Super Glut' With Supply Hikes, Trafigura Says
The oil market is headed for a “super glut” next year as a wave of new supplies may run up against sluggish demand, according to global commodities trader Trafigura. “Whether it's a glut or a super glut, it's kind of hard to…
Compute Is the New Oil
When U.S. President Donald Trump visited the Arab Gulf in May, his focus was not on Gaza, Iran, or even normalization between Israel and Saudi Arabia. Instead, it was on business deals and, above all, artificial intelligence. During the trip, Trump…
Oil prices projected to fall below $60 in 2026 - Report
Oil prices are projected to fall below an average of $60 per barrel, according to the latest forecasts from investment banks. Both Brent Crude and West Texas Intermediate (WTI) Crude are expected to decline from their current levels of $63 per…
Shell Is Said to Seek Partner for Brazil Offshore Oil Project
Shell Plc is looking to sell a 20% stake in a Brazilian oilfield cluster to help fund the multibillion-dollar offshore development, according to people familiar with the process.
Readers sound off on Venezuela's oil, housing the homeless and charter schools
Boynton Beach, Fla.: I have a personal interest in the criminal prosecution of drug dealers. My beloved daughter passed away on July 11, 2011, from an OxyContin- and cocaine-fueled overdose. The loss leaves an irreparable wound that never heals. In…
Ship With Rosneft Oil Cargo Anchors Off China After Winding Trip
A shipment of Russian oil from US-sanctioned Rosneft PJSC has made its way to Chinese waters after a long, meandering journey that involved a rare tanker transfer off India and a brief stop near South Korea. The Fortis, carrying the cargo of around…
Sensex sheds 436 pts on profit booking in bank, oil shares
Stock markets closed lower for the second straight day on Tuesday, with benchmark BSE Sensex declining by 436 points as investors booked profit ahead of the US Federal Reserve's policy decision. The 30-share BSE Sensex dropped 436.41 points, or…
India free to buy oil from anyone, says Russia
'India, being and remaining a sovereign nation, carries out foreign trade operations and purchases energy resources where it is beneficial for itself,' Kremlin spokesman Dmitry Peskov told reporters in the context of last Friday's summit between…
Here's how AI could unleash a trillion more barrels of oil
AI is emerging as the oil industry's next big unlock by boosting reserves and supercharging efficiency. Why it matters: This could stabilize oil and gas prices over the long-term, but it's also raising questions about the climate impacts of such…
How India plans to continue buying Russian oil despite sanctions
India plans to continue buying cheap crude oil from Russia, despite sanctions imposed on major Russian oil companies by the United States and Europe. Indian Prime Minister Narendra Modi met with Russian President Vladimir Putin for the Russia-India…
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