Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Global energy demand is rising as Colorado hinders the oil and gas industry (Opinion)
Getting your Trinity Audio player ready... At an annual meeting hosted by an international energy technology firm this month, I joined leaders from around the world to discuss the global energy outlook. What struck me most about the diverse…
India's oil purchases ensure global energy stability - Russia
India's oil purchases ensure global energy security, the Russian Foreign Ministry has said. Oil purchases by India, the world's third-largest importer and consumer of crude, have been under scrutiny after the US claimed it agreed to stop buying oil…
Oil Rallies on Fears of Prolonged US-Iran Conflict - TT
Oil tankers docked at the Phillips 66 Freeport Terminal in Freeport, Texas, on Jan. 15. (Mark Felix/Bloomberg) Oil gained the most since October as traders weighed whether talks between the U.S. and Iran will be enough to avert conflict, following…
NLNG wins 20th oil, gas industry games - The Nation Newspaper
Nigeria LNG Limited (NLNG) emerged overall Champion and Best Sports Company at the 20th edition of the Nigeria Oil and Gas Industry Games (NOGIG), which ended on Saturday in Abuja. Team NLNG topped the medals table with 52 medals, 20 gold, 16…
Russia Cuts Oil Drilling as Money Dries Up, With Output at Risk
Russia's oil producers reduced the pace of drilling in 2025 to the lowest level in three years, dimming the outlook for output growth this year as Western sanctions and a strong ruble undercut revenue. Rigs drilled about 29,140 kilometers of…
Oil Futures Consolidate as Traders Assess U.S.-Iran Developments
0201 GMT — Oil futures consolidate as traders assess U.S.-Iran developments. Vice President JD Vance said Iran had failed to acknowledge core U.S. demands in talks on Tuesday, after which Washington said it had agreed to give Tehran two…
US and Japan unveil $36bn of oil, gas and critical minerals projects in challenge to China
Japan has drawn up plans for investments in US oil, gas and critical mineral projects worth about $36bn under the first wave of a deal with Donald Trump. The US president and Sanae Takaichi, Japan's prime minister, announced a trio of projects…
Why big oil is not interested in Venezuela
After the US captured Venezuela's president at the start of 2026, Donald Trump promised to “unleash” the country's oil supply. He wanted companies to invest US$100 billion (£74 billion) to get hold of it. Big oil though, seems…
Oil prices settle up over 4% on Iran-US tensions
HOUSTON: Oil prices settled up by more than 4% on Wednesday as traders priced in potential supply disruptions amid concerns of conflict between the US and Iran, and after talks between Ukraine and Russia in Geneva ended without a breakthrough.
Slovakia Releases 250,000 Tons of Emergency Oil for Slovnaft
Slovakia released 250,000 tonnes of emergency oil reserves for its Slovnaft refinery after the halt of Russian oil supplies through the Druzhba pipeline via Ukraine, Prime Minister Robert Fico said. The government approved the release following a…
India to Decide on Russia Oil Tanker Insurance Firms in Days
The Indian government must decide in the next few days whether to keep allowing a handful of Russian companies to insure tankers when they deliver oil to the Asian nation. The process comes at a time when New Delhi is under pressure from the Trump…
Wexner: I Visited Epstein Island, Oil Gains On US-Iran News, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Sun, sand and empty beaches: Trump oil squeeze chokes Cuba's tourism
VARADERO BEACH, Cuba, Feb 18 (Reuters) - Cuba's Varadero peninsula is a postcard of a tropical paradise: turquoise waters, powder-white sand and palm trees. But the resort's beaches, once crowded with tourists enjoying the sand and…
Susquehanna Lowers Occidental Petroleum (OXY) PT Amid Near-Term Oil Oversupply Concerns
Occidental Petroleum Corporation (NYSE: OXY) is one of the best stocks under $50 to invest in. On January 26, Susquehanna analyst Charles Minervino lowered the firm's price target on Occidental to $51 from $55 while keeping a Positive rating. This…
We Tested Every Form of Self-Tanner: Lotions, Drops, Oils, Water, and Mists
Facial tanners are part of my everyday makeup routine. I reapply my drops every few days to keep my glow alive, but as we approach wedding and just general being-outdoors season, they can be a nice base layer when you're going full glam. They do…
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