Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Bipartisan bill barring U.S. purchase of Russian oil on the horizon: Fitzpatrick
Rep. Brian Fitzpatrick (R-Pa.) announced on Saturday he would be introducing a bipartisan bill aimed at stopping President Trump from lifting sanctions on Russian oil amid global fuel shortages. “We will be introducing bipartisan legislation…
Ukraine strikes major Russian oil hub hours after Trump's deal with Putin
The loading terminal of Russia's Novoshakhtinsk oil refinery caught fire overnight following reports of a Ukrainian drone strike just hours after President Trump announced a deal to supply millions of tons of Russian diesel fuel to the global…
Trump: Russian Oil Deal to Drive Diesel, Energy Prices Down 'Fast
President Donald Trump said a deal with Russia will bring 'massive amounts of oil' and diesel into the United States, and that prices will fall as a result. Speaking to reporters on Thursday, the president confirmed the agreement and thanked…
Supreme Court climate case could bankrupt oil companies, send gas prices soaring, experts warn
A Supreme Court showdown over climate change lawsuits could leave oil companies bankrupt, gas stations facing financial ruin and Americans paying more at the pump if the justices allow cities and states to pursue billions in damages against the…
Top chef reveals which olive oil you should buy in the supermarket
An expert has issued advice about which oil shoppers should pick A top chef has revealed which olive oil Brits should buy from the supermarket. Angela Hartnett, who co-hosts Waitrose's Dish podcast with Nick Grimshaw, gave viewers some advice in…
Trump team sued over plan to blast Utah's famed cliffs for oil truck highway
The Trump administration plans to blast famed cliffs in eastern Utah that contain historic inscriptions to make way for an oil-transporting highway, and are now being sued over the project. Conservation groups filed a lawsuit last week against the…
Brits urged to stop frying sausages as they come out tastier with 1 oil-free method
Frying sausages might not always be the best option Sausages are an important part of the British way of life. After all, it's almost impossible to imagine a full English breakfast without them. However, frying them might not always be the best…
Households urged to put peppermint oil on door frames this October
Peppermint oil is often suggested as a natural rodent deterrent Households are being urged to take precautions against rats this October, with a simple peppermint oil trick among the measures suggested to help deter the unwanted visitors as colder…
CEO Tom Ward Acquires 172,000 Mach Natural Resources Units for $2.0 Million. Is the Oil Boom a Gusher for the Stock?
Tom L. Ward, who maintains a significant control position at Mach Natural Resources LP (MNR +0.56%), purchased ~172,000 common units through an indirect trust, according to a recent SEC Form 4 filing. Premium Feature Moneyball Superscore…
Behind India's Russia-Ukraine peace proposal: Grain, crude oil - and Trump
This “limited” and “partial” ceasefire is what has animated the conversation between India, Russia and Ukraine. Over the last four-and-a-half years, India emerged as a major buyer of discounted crude oil from Russia as…
Crude oil futures brace for volatility amid geopolitical uncertainties: Analysts
Crude oil futures are likely to remain volatile next week as uncertainty over US-Iran negotiations and escalating tensions in West Asia keep supply risks elevated, even as hopes of a deal to reopen the Strait of Hormuz offer scope for a correction…
House Republican, invoking Reagan, moves to block Trump's Russia oil deal
Rep. Brian Fitzpatrick (R-Pa.) vowed Saturday to force a House vote to block Russian oil purchases, challenging President Trump's diesel deal with President Vladimir Putin. Why it matters: Trump has touted the deal as a way to lower fuel prices…
'Time For Ukraine To Get A New President': Trump Targets Zelenskyy Over Russian Oil Refinery Strikes
Washington: US President Donald Trump has called for Ukraine to get a new president, intensifying his criticism of Ukrainian President Volodymyr Zelenskyy over Kyiv's attacks on Russian oil refineries and its approach to negotiations aimed at…
Ukraine Strikes Samara Oil Hub Again as Claims Spread Across Accounts
Ukrainian long-range drones are claimed to have struck the Samara linear production and dispatch station, known as LPDS, in Russia's Samara region again, according to Ukraine's General Staff. The station is described as one of Russia's major oil…
Feds allow companies to borrow from oil reserve to help with supply issues after Hurricane Isaias
The U.S. Department of Energy on Saturday announced it is allowing companies to borrow up to 4 million barrels of crude oil from the Strategic Petroleum Reserve to address supply disruptions in the Gulf from Hurricane Isaias. ExxonMobil and BP…
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