Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

nytimes.com - Eric Lipton - Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy
The New York Times

The executives dining at the White House to celebrate President Trump's $300 million ballroom — and their role in financing it — were a who's who of American industry. Many hailed from companies that are household names, like…

nytimes.com - Anatoly Kurmanaev - Venezuela Oil Tanker Seized by U.S. Was Part of Effort to Finance Cuba
Venezuela Oil Tanker Seized by U.S. Was Part of Effort to Finance Cuba
The New York Times

The oil tanker seized by the United States off the coast of Venezuela this week was part of the Venezuelan government's effort to support Cuba, according to documents and people inside the Venezuelan oil industry. The tanker, which is called…

abcnews.go.com - Chris Boccia - Oil tanker seizure ratchets up pressure on Maduro: Analysis
Oil tanker seizure ratchets up pressure on Maduro: Analysis
ABC News

The U.S. Coast Guard's seizure of a sanctioned oil tanker near the coast of Venezuela dealt a blow to Venezuelan President Nicolas Maduro -- an act that could have major economic implications, as President Donald Trump said publicly the strongman…

nytimes.com - Rebecca F. Elliott - A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
A Seized Oil Tanker and the Big Business of Dark Fleet Smuggling
The New York Times

The United States' seizure of a tanker on Wednesday off the coast of Venezuela was clearly meant to rattle that country's autocratic government. The move will most likely make it more difficult for Venezuela to export oil, squeezing a crucial…

newsweek.com - Brett Erickson - Illicit Oil Is the Vulnerability We Should Be Targeting | Opinion
Illicit Oil Is the Vulnerability We Should Be Targeting | Opinion
Newsweek

Exploding speedboats make for viral clips on social media. But the U.S. seizure of a Venezuelan oil tanker this week did something those drug-boat strikes never have: it mattered. The captured vessel, laden with Venezuelan crude and falsely sailing…

bloomberg.com - Lucia Kassai - Ghost Oil Ships Dock in Venezuela, Illustrating Challenge for US
Ghost Oil Ships Dock in Venezuela, Illustrating Challenge for US
Bloomberg

Two so-called ghost oil ships are currently loading off the coast of Venezuela, highlighting the challenges the Trump administration faces trying to disrupt exports of the South American country's primary source of revenue. The supertankers, the…

newsweek.com -  Joshua Sammons - Reactions to US seizure of Venezuela oil tanker: The Conversation
Reactions to US seizure of Venezuela oil tanker: The Conversation
Newsweek

Welcome back to The Conversation, where we highlight our readers' comments from the past week. We turn our attention to the escalating tensions between Washington and Caracas ; this comes after the latest developments which saw the United States…

pbs.org - Joshua Goodman, Associated Press - Seizure of rogue oil tanker off Venezuela signals new U.S. crackdown on shadow fleet
Seizure of rogue oil tanker off Venezuela signals new U.S. crackdown on shadow fleet
PBS

MIAMI (AP) — The oil tanker was navigating near the coast of Guyana recently when its location transponder showed it starting to zigzag. It was a seemingly improbable maneuver and the latest digital clue that the ship, the Skipper, was…

theguardian.com - Ben Martynoga - 'Soil is more important than oil': inside the perennial grain revolution
'Soil is more important than oil': inside the perennial grain revolution
The Guardian

On the concrete floor of a greenhouse in rural Kansas stands a neat grid of 100 plastic plant pots, each holding a straggly crown of strappy, grass-like leaves. These plants are perennials – they keep growing, year after year. That single…

independent.co.uk - Joe Sommerlad - Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
The Independent

Democrats on the House Oversight Committee have just released 19 new photos from Jeffrey Epstein's estate showing some of the people in the disgraced financier's social circle, including President Donald Trump. This is a breaking story, we'll bring…

independent.co.uk - Joe Sommerlad - Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
Trump sanctions Maduro's nephews Venezuelan oil tanker seized: Latest updates
The Independent

President Donald Trump 's administration has placed further pressure on Venezuela by sanctioning three nephews of the country's leader Nicolas Maduro, a day after the U.S. seized one of its oil tankers in a dramatic escalation of existing tensions.

independent.co.uk - Kelly Rissman - Trump shocked the world when he seized a Venezuela oil tanker. He might do it again
Trump shocked the world when he seized a Venezuela oil tanker. He might do it again
The Independent

President Donald Trump further escalated tensions with Venezuela after he announced the U.S. had seized an oil tanker — and he might just be getting started, according to a report. For months, Trump has zeroed in on Venezuela. He has…

scmp.com - Reuters - Tensions rise as US prepares to seize more tankers with Venezuelan oil
Tensions rise as US prepares to seize more tankers with Venezuelan oil
South China Morning Post

The United States is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources familiar with the matter said on Thursday.

newsweek.com - Venezuela, Russia Demand Answers on Tanker Seizure, as Trump Says US Will Keep Oil-Live Updates
Venezuela, Russia Demand Answers on Tanker Seizure, as Trump Says US Will Keep Oil-Live Updates
Newsweek

Russia and Venezuela has condemned the United States for it seizure of a Venezuelan oil tanker this week, as tensions have soared between the U.S. and the South American nation in recent months. Venezuelan President Nicolas Maduro's government…

chron.com - Ahmed Humble - Houston's oil sector poised for massive job cuts next year
Houston's oil sector poised for massive job cuts next year
Chron

Houston's oil and gas sector is expected to shed thousands of jobs next year as falling crude prices slow drilling activity, marking one of the sharpest pullbacks for the industry in recent years, according to a new Greater Houston Partnership…

Receive a Daily briefing on Oil Industry News

Get Started