Oil Industry News
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Oil Edges Higher Amid Mixed Signals
0033 GMT — Oil edges higher in the early Asian session amid mixed signals. On the one hand, the U.S. military is moving more weapons and units into the Caribbean that give President Trump powerful new options to escalate his pressure…
Seized oil tanker adds to Trump's pressure campaign against Maduro
“We're not going to stand by and watch sanctioned vessels sail the seas with black market oil, the proceeds of which will fuel narco-terrorism of rogue and illegitimate regimes around the world,” White House spokeswoman Karoline…
Oil Holds Two-Month Low as Surplus Offsets Geopolitical Tensions
Oil was steady near the lowest level in almost two months as the outlook for a glut outweighed heightened geopolitical tensions. Brent traded near $61 a barrel and West Texas Intermediate was below $58. Oil is set for an annual loss on expectations…
Middle East Oil Market Weakens as Glut Concerns Gain Traction
The Middle Eastern oil market has weakened in recent weeks on concern that regional supplies will outstrip demand, adding to signs of a softening global picture that's weighed on benchmark crude futures. Among widely watched metrics, the premium of…
Falcon Oil & Gas Ltd. - Beetaloo Sub-basin - Completion of the SS2-1H well stimulation program
Falcon Oil & Gas Ltd (“Falcon”) Beetaloo Sub-basin - Completion of the SS2-1H well stimulation program 15 December 2025 – Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce that Falcon Oil & Gas Australia…
IEA raises prediction for global oil demand in 2026
The International Energy Agency (IEA) has raised its prediction for global oil demand growth in the year ahead, offering limited hope for Gulf producers dealing with weak prices. In its latest monthly report, the Paris-based agency…
Oil rises on fears of supply disruption as US-Venezuela tensions escalate
TOKYO: Oil prices rose on Monday, recouping part of last week's 4% slide, as concerns over potential disruptions from escalating U.S.-Venezuela tensions outweighed lingering oversupply worries and the effects of a potential Russia-Ukraine peace…
Chinese Independent Refiner Buys Russian Oil at Deep Discount After Sanctions
Russian ESPO crude was recently sold to at least one Chinese buyer at what traders say was the steepest discount this year, after demand for the grade tumbled following US sanctions on Rosneft PJSC and Lukoil PJSC. Cargoes were sold at a discount…
Palm oil inventories to stay elevated next year
PETALING JAYA: Malaysia's palm oil inventories are expected to stay elevated in the near term amid softer exports and seasonal production trends. Hong Leong Investment Bank Research (HLIB Research) noted that palm oil stockpiles rose for a sixth…
Oil Rises as Venezuelan Supply Disruptions Outweigh Surplus Concerns
TOKYO/SINGAPORE: Oil prices climbed on Monday as supply disruptions linked to escalating U.S.-Venezuela tensions outweighed oversupply worries and the impact of a potential Russia-Ukraine peace deal. Brent crude futures were up 30 cents, or 0.49%…
Nigeria licenses 28 firms to capture gas that oil producers burn off
Nigeria hopes to attract $2 billion through an initiative to permit certain companies to access flared natural gas, a byproduct of the oil production process that currently goes to waste. The estimate comes from the Nigerian government agency that…
India's palm oil imports rise 5% in November; soyoil, sunflower oil fall
India's palm oil imports in November rose about 5% from October to 632,341 metric tons, the Solvent Extractors' Association of India (SEA) said on Monday. Imports of soyoil decreased over 18% to 370,661 tons and sunflower oil imports fell 45% to…
Venezuelan opposition leader 'absolutely' backs Trump's oil boat seizure, pressure on Maduro
Venezuelan opposition leader Maria Corina Machado endorsed President Trump's recent seizure of a vessel transporting oil out of her home country and pressure campaign against the Maduro regime. Machado acknowledged that tightening the screws on…
Oil Inches Higher But Ukraine Talks, Oversupply Concerns Cap Gains
Oil prices edged higher in early trading, though gains are capped by diplomatic efforts to end the war in Ukraine and concerns of an oversupplied market. Brent crude was up 0.1% to $61.19 a barrel, while WTI rose 0.2% to $57.33 a barrel, supported…
Landman Season 2 Episode 5 Recap: Oil, a Seafood Feast and That Pesky Cartel
The following story contains spoilers for Landman season 2, episode 5, 'The Pirate Dinner.' 'THE PIRATE DINNER' doesn't exactly roll off the tongue, but Angela (Ali Larter) is doing her best to entertain everyone and making most of it up as she…
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