Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's state capitalism comes to the oil industry with his unprecedented Venezuela deal
President Donald Trump's Venezuela oil deal gives the Pentagon an equity stake in North America Blue Energy Partners. NABEP has received concessions to 65 billion barrels of proved reserves, which would make it the second-largest oil company in the…
U.S.-Venezuela oil deal won't reduce domestic gasoline prices anytime soon, experts say
This article originally appeared on PolitiFact. Almost nine months after the United States deposed Venezuelan leader Nicolás Maduro, President Donald Trump struck a deal to give the U.S. a key role in the oil industry of Venezuela — a…
Venezuela oil deal may be a win, but it shouldn't set a precedent
Eight months ago, American aircraft launched from 20 bases as a special operations team entered Caracas and removed Venezuelan President Nicolás Maduro from a fortified compound. Dozens of Venezuelan and Cuban personnel were killed. Congress…
ASX on edge as oil war rattles markets
Fresh military strikes between the US and Iran over the weekend threaten to push up energy prices and drag down the Australian sharemarket as investors brace for higher interest rates. The US launched strikes against three Iranian crude oil tankers…
Russia's Giant Vostok Oil Loads First Crude on Arctic Tanker
The giant Vostok Oil project in Russia's distant Taimyr region has loaded its first crude for shipment via the Northern Sea Route, expanding the nation's presence in the Arctic and paving the way for future growth of its oil production. The first…
US strikes Iranian oil carrier off Kharg Island
The United States struck three Iranian oil tankers on Saturday, U.S. Central Command (CENTCOM) has confirmed, which it said were involved in covert oil shipment near the critical Kharg Island terminal. Only one of the vessels was near Kharg Island.
US strikes three Iranian oil tankers after two of its warships targeted with missiles
The U.S. military says it struck three Iranian oil tankers Saturday, including one off the coast of Kharg Island, near Iran's key oil export hub. The strikes were carried out after Iran's Islamic Revolutionary Guard Corps launched ballistic…
Argentina's government moves to enforce Falkland Islands oil sanctions
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Argentina has moved to enforce a crackdown on…
U.S. strikes 3 Iranian oil tankers after Iran targets Navy warships, military says
U.S. forces struck three Iranian oil tankers Saturday after Iran launched ballistic missiles toward two U.S. Navy shifts, the U.S. military said. A U.S. aircraft carrier and guided missile destroyer evaded multiple attacks by Iran's Islamic…
US strikes 3 Iranian oil tankers after IRGC attack on American naval ship
DUBAI — U.S. forces struck three Iranian oil tankers on Saturday, U.S. Central Command said, including one off the coast of Kharg Island, near Iran's key oil export hub. The strikes were carried out after Iran's Islamic Revolutionary Guard…
Oil and politics: What Trump's 'historic' deal means for Venezuela
Since the last century, Venezuelan politics has been closely linked to the management of the country's oil industry. The debate for policymakers has centred on whether to liberalise or nationalise the sector, with the latter being the preferred…
US Hits Iranian Oil Tankers in Latest Military Response
The United States has taken aim at three crude oil tankers from the Islamic Republic of Iran in response to ballistic missile strikes from the Iranian Revolutionary Guard Corps on Saturday, according to United States Central Command. The missiles…
Trump's $100 billion Venezuelan oil gamble is a direct hit on Russia and Canada
While this agreement cannot fulfill that domestic need instantly, the involvement of major Western operators drastically compresses the recovery timeline. Companies such as Chevron, ConocoPhillips, and prominent European firms maintain a deep…
What Happens With The US-Venezuela Oil Deal After 2028?
What happens with the U.S.-Venezuela oil deal announced last week after the 2028 presidential election is decided? That's the question many in the U.S. oil and gas industry — including executives at some of the biggest companies — are…
Iran Oil Tanker Hit By Missile Near Key Kharg Island Oil Hub As US-Iran Tensions Escalate
New Delhi: An Iranian oil tanker was reportedly struck by a missile off the coast of Iran's strategic Kharg Island on Saturday, September 5, amid a fresh escalation in the ongoing US-Iran conflict. According to reports, the tanker was hit while…
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