Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump unveils plan to loosen methane rules for oil and gas industry
Texas is the top oil-producing state in the country. The president's announcement comes as the administration has taken several steps to curb high fuel prices, which have been driven by the wars in Iran and Ukraine. Nationwide diesel prices remain…
Trump moves to ease methane emissions rules for oil and gas industry (VDE:NYSEARCA)
President Donald Trump said Tuesday that his administration plans to roll back a Biden-era regulation aimed at reducing methane emissions from oil and gas drilling. Methane, a potent greenhouse gas, is the second-largest contributor to climate…
Trump rolls back methane rules for US oil and gas industry
US President Donald Trump announced on Tuesday plans to significantly ease restrictions on methane emissions from oil and gas producers, targeting regulations aimed at limiting the release of the potent greenhouse gas. The regulations were…
Oil Prices Rise as Houthi Militants Target Saudi Energy
Oil prices rose Wednesday as traders assessed renewed threats to Middle East energy supplies after Yemen's Houthi militants said they targeted Saudi Arabia 's largest oil refinery. December Brent crude futures rose 1.9% to $116.03 a barrel, while…
Europe needs more oil refineries to weather energy shocks, EU warns
Brussels is seeking to reverse two decades of declining oil refining capacity in the EU, with Energy Commissioner Dan Jørgensen warning that geopolitical instability and a prolonged squeeze on diesel supplies should serve as a 'wake-up…
The Oil Market Should Brace for a Forever Stalemate in Iran
The oil market sees the future of the Iran war as binary. Either Tehran and Washington reach a deal — in days rather than months — or they head into an extended and worsening conflict. With few signs of peace, the market is…
Tourmaline Oil Corp. stock falls Tuesday, underperforms market
Shares of Tourmaline Oil Corp. TOU shed 0.16% to C$67.33 Tuesday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.63% to 36,171.49. Tourmaline Oil Corp.
Global Conflicts Spur Historic Comeback for Oil Refining Profits
The business of refining oil is experiencing historic disruption. It's also never been more profitable. Attacks in the Middle East and Russia have left the world desperately short of fuel-making capacity this year, forcing refineries elsewhere to…
Bartolotta, Borello talk future of oil & gas industry in District 46 one week before election day
Updated: 5:52 PM EDT Oct 27, 2026 Editorial Standards ⓘ Updated: 5:52 PM EDT Oct 27, 2026 Editorial Standards ⓘ WASHINGTON COUNTY, Pa. — Nearly 4,000 oil and gas wells have been drilled in Washington County since 2007. More…
Trump announces proposal to loosen methane rules for oil and gas production
President Trump announced plans to loosen methane regulations from the oil and gas sector during a Lubbock, Texas rally Tuesday night. The announcement came during the president's second campaign stop of the day in Texas, during which he aimed to…
Oil Markets on Edge Amid Elections, War
Oil prices fell to around $114 a barrel on Tuesday amid a growing number of geopolitical developments that could affect energy markets in the coming days. From the pending Israeli election to the US midterms next week and the potential for renewed…
Saudi Oil Exports Near Wartime High as Houthis Mount Attacks
Saudi Arabia's oil exports are holding near wartime highs this month despite a wave of attacks on the kingdom's energy infrastructure and an increase in reported Iranian strikes on tankers in the Strait of Hormuz, according to preliminary data from…
Trump easing methane rules for oil and gas
The Trump administration is planning to loosen regulations on methane emissions from the oil and gas sector, and particularly for low-producing, high-emitting oil and gas wells. © AP Photo/Matthew Brown, File President Trump will announce a…
Oil prices increase after attack on Saudi refinery - TT
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal. (Simon Dawson/Bloomberg) The Fed meets Oct. 28 with markets anticipating no change to the benchmark U.S. interest rate. The Fed is in a…
Markets wait on Fed rates call; oil tops $US116
Go to latest Australian shares are set to dip, after Wednesday's hotter than expected inflation print raised the likelihood of another interest rate rise, and traders await the Federal Reserve's rates call. S&P/ASX 200 futures were down 10 points…
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