Oil Industry News

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reason.com - Francisco Poleo - Trump is taking a stake in Venezuela's oil industry and this crony is cashing in
Trump is taking a stake in Venezuela's oil industry and this crony is cashing in
Reason Magazine - Free Minds and Free Markets

After the ouster of Venezuelan dictator Nicolás Maduro, President Donald Trump promised to make the South American nation 'prosperous again.' Eight months later, we're getting a clear picture of how the Trump administration hopes to achieve…

pbs.org - Regina Garcia Cano, Associated Press - Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender
Proud of their oil, Venezuelans view major U.S. stake in their reserves as a surrender
PBS

CARACAS, Venezuela (AP) — Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil…

wsj.com - Collin Eaton - Why Big Oil Is Wary of Trump's Foray Into Venezuela's Oil Patch
Why Big Oil Is Wary of Trump's Foray Into Venezuela's Oil Patch
Wall Street Journal

standard.co.uk - Rob Freeman - Milei declares 'Falklands are Argentinian' amid oil sanctions
Milei declares 'Falklands are Argentinian' amid oil sanctions
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina's President Javier Milei has…

washingtonexaminer.com - Imdat Oner - To take Venezuela's oil, Trump actually needs its democracy
To take Venezuela's oil, Trump actually needs its democracy
Washington Examiner

Democracy is not merely a question of political legitimacy. For Venezuela, it is closely tied to the economic conditions needed to attract serious long-term investment. Companies committing billions of dollars to projects with investment horizons…

standard.co.uk - Henry Saker-Clark - British firm defends Falklands oil extraction plans despite Milei threats
British firm defends Falklands oil extraction plans despite Milei threats
Evening Standard

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. A British-based oil exploration company has said it does…

heated.world - Saul Elbein - Oil executives just accidentally exposed the industry's greatest weakness
Oil executives just accidentally exposed the industry's greatest weakness
HEATED

Sometime in the next few months, Texas is set to issue its first permits letting the oil industry pour treated fracking wastewater into rivers and onto cropland. Five applications are currently pending, covering more than 18 million gallons of…

independent.co.uk - Regina Garcia Cano - Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
Venezuelans' pride is bruised by deal to give US one-fifth of their oil reserves
The Independent

Nothing has shaped what it means to be Venezuelan today more than oil. For more than 100 years, in good times and bad, Venezuelans' identity has been built around the belief that their country's bountiful oil resources belong to the people, not a…

bbc.co.uk - Chris Graham - Argentine leader says oil firms working off Falklands face sanctions
Argentine leader says oil firms working off Falklands face sanctions
BBC

Argentina's President Javier Milei has said he will sanction oil companies working off the Falklands as he reiterated the country's claim on the British overseas territory in the south-west Atlantic Ocean. In a national address, Milei said the…

standard.co.uk - Sophie Wingate - Argentina's president to make Falklands statement amid reports of oil sanctions
Argentina's president to make Falklands statement amid reports of oil sanctions
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina's president is preparing to make a…

jpost.com - REUTERS - Group says 37 killed from fumes while trying to tap Nigerian oil pipeline
Group says 37 killed from fumes while trying to tap Nigerian oil pipeline
The Jerusalem Post

At least 37 people died after inhaling fumes as they tried to tap an oil pipeline in southern Nigeria, an environmental group said on Friday, though authorities have not confirmed the toll. The Youths and Environmental Advocacy Centre said the…

bloomberg.com - Mia Gindis - Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
Polymarket Launches Perpetual Oil Futures in 24/7 Trading Push
Bloomberg

Polymarket has launched perpetual futures contracts tied to oil, stepping into a market that rival Kalshi Inc. is also seeking to enter as trading venues compete to offer round-the-clock access to the commodity. The company announced the launch…

independent.co.uk - Henry Saker-Clark - British firm defends Falklands oil extraction plans despite Milei threats
British firm defends Falklands oil extraction plans despite Milei threats
The Independent

A British-based oil exploration company has said it does not expect threats by the Argentinian government to have a “material effect” on its offshore oil project near the Falkland Islands. London-listed Rockhopper saw its shares slide…

semafor.com - Manal Albarakati - New museum reflects on Saudi's post-oil future
New museum reflects on Saudi's post-oil future
Semafor

For most of a century, oil in Saudi Arabia was like water or weather: everywhere and nobody's subject. The kingdom's painters gave their canvases to palm trees and dates, dhows and calligraphy, while crude merely paid for the paint. As the kingdom…

foxnews.com - Alex Miller - Dem Senate hopeful vows to unleash Alaska oil - but her record tells a different story
Dem Senate hopeful vows to unleash Alaska oil - but her record tells a different story
Fox News

A Democrat eyeing a return to Congress in a crucial battleground state has pitched a policy platform geared toward expanded oil production, but she once turned her back on the issue while in Washington, D.C. Former Rep. Mary Peltola is running to…

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