Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Lots of Oil, Little Production: What to Know About Venezuelan Energy
Venezuela sits on more oil than Saudi Arabia, Russia, the United States and every other country. Yet, it produces and sells only about 1 percent of the crude the world is using. President Trump's recent threats against the Venezuelan government and…
Edible oil, wheat flour fuel SPI
ISLAMABAD: Short-term inflation, measured by the Sensitive Price Index (SPI), increased four per cent year-on-year in the week ending Dec 4, owing to an increase in the retail price of edible oil and wheat flour in the domestic market. The…
Russia's Vital Oil Trade With India Is Down, But Not Out
India's imports of Russian crude are expected to plunge to a near four-year low early next year, after months of US pressure. As workarounds emerge and the Kremlin cranks up its own charm offensive, however, the question is how long that drop will…
Russia and India's Complicated Relationship Hinges on Oil
When it comes to oil, few countries have needed each other more than Russia and India in recent years. Now, that relationship is being tested. Indian Prime Minister Narendra Modi hosted Russian President Vladimir Putin in New Delhi this week, just…
California Resources Reports Oil Fluid Spill in Monterey County
A pipeline owned by California Resources Corporation subsidiary Aera Energy spilled 130 barrels of produced fluid — a mixture of oil and water — early Friday morning at an oil field in Monterey County in California's Central Coast.
OPEC's Oil Production Remained Steady Last Month, Survey Shows
OPEC's crude production was steady last month as the group maintained a cautious strategy while global oil markets falter, a Bloomberg survey showed. The Organization of the Petroleum Exporting Countries pumped an average of just over 29 million…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts
Getting your Trinity Audio player ready... WASHINGTON — Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state's…
Oil prices hold steady due to stalled Ukraine peace talks and supply outlook
Sharply_done | E+ | Getty Images Oil prices were steady on Friday, supported by stalled Ukraine peace talks, though gains were offset by expectations of a supply glut. Brent crude rose 41 cents, or 0.65%, to $63.67 per barrel by 10:07 a.m ET. U.S.
Putin Promises India 'Uninterrupted' Oil and Joint Weapons Production
Russian President Vladimir Putin promised an “uninterrupted” supply of cheap oil to India after meeting with Prime Minister Narendra Modi on Friday, defying President Donald Trump's effort to use tariff pressure to get India to stop…
Unlocking Alaska's Wildlife Refuge: The Dawn of a New Era in Oil and Gas Exploration!
In a significant development for the energy sector, the Biden administration has announced the reopening of Alaska's Arctic National Wildlife Refuge (ANWR) to oil and gas exploration, a move that has reignited the contentious debate over balancing…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts IS SCHEDULED FOR TUESDAY AND WEDNESDAY. RIGHT NOW, LOOKING FOR WAYS TO CUT DOWN FLORIDA'S CHIEF FINANCIAL OFFICER, CALLING OUT PALM BEACH COUNTY FOR REPORTEDLY…
Crude Oil Rallies on Geopolitical Tensions and Energy Demand Optimism
January WTI crude oil (CLF26) today is up +0.41 (+0.69%), and January RBOB gasoline (RBF26) is up +0.0093 (+0.51%). Crude oil and gasoline prices are moving higher today, with crude oil posting a 2-week high. Crude prices are supported by the…
Court lifts order barring Kern oil permitting
A Kern County Superior Court judge has officially lifted an order that had stopped county officials from issuing oil local permits, potentially ending a legal battle dating back to 2015. Viewed as a technicality because of a new state law clearing…
Florida congressional Republicans tell Trump to keep oil drilling off state's coasts - WSVN 7News | Miami News, Weather, Sports | Fort Lauderdale
WASHINGTON (AP) — Florida's Republican-dominated congressional delegation is urging the Trump administration to drop a plan that would allow new oil drilling for the first time in decades off the state's coast. A letter signed by Republican…
Love of oil is the root of all wars
For more than a century, American foreign policy has often marched under the banners of freedom, democracy, and security. Yet history shows that when wars, invasions, and regime-change operations are mapped on a globe, a familiar pattern…
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