Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Canada's Carbon Plan Will Help Oil Patch in Future, Energy Minister Says
Canada 's energy minister said the government's push to build carbon capture technology in the Alberta oil sands ensures the industry is adapting to change even as the US reverses its environmental policies. “We're future proofing our…
U.N. Condemns U.S. Measures Halting Oil Deliveries to Cuba
United Nations human rights chief Volker Türk on Friday urged the lifting of U.S. sanctions that impede oil deliveries to Cuba, criticizing the widespread disruption they cause the Caribbean nation as a rights violation. Cuba's loss of oil…
U.S. waives Venezuela oil sanctions as Trump says expects to visit
U.S. President Donald Trump said Friday he planned to visit Venezuela and reiterated satisfaction with its interim leader, as his administration authorized five major oil companies to operate in the country. 'I'm going to make a visit to…
Tourmaline Oil Corp. stock falls Friday, underperforms market
Shares of Tourmaline Oil Corp. TOU slid 0.11% to C$61.80 Friday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.87% to 33,073.71. Tourmaline Oil Corp.
Imperial Oil Ltd. stock rises Friday, outperforms market
Shares of Imperial Oil Ltd. IMO advanced 3.00% to C$163.25 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 1.87% to 33,073.71. Imperial Oil Ltd. hit a new…
Venezuela's Natural Gas, Not Oil, Might Be a Big Early Prize
Venezuela's oil reserves may be vast, but some of the best opportunities to quickly develop the country's resources lie offshore, in the pockets of natural gas trapped deep beneath the seafloor. Many of these gas fields were discovered decades ago…
London's Oil Trading Summit Struggles to Cut Through Market Noise
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley discovers that oil traders' love of volatility has its limits. At the oil industry's annual gathering in London…
Trump Greenlights More Oil-and-Gas Investments in Venezuela
The Trump administration is officially paving the way for global oil companies to jump back into Venezuela, a country that most of the U.S. oil industry has stayed out of for the past two decades. On Friday, the Treasury Department issued a general…
US Allows Some Oil Companies to Produce Oil, Gas in Venezuela
The Trump administration issued licenses allowing a handful of Western oil companies to operate in Venezuela, the latest step in a campaign to revive the country's oil-dependent economy. The licenses issued by the US Treasury Department on Friday…
How omega-3 supplement krill oil is threatening Antarctic wildlife
Kiki Health sources its krill – tiny, shrimp-like crustaceans – from the pristine waters around Antarctica to produce this omega-3 fatty acid supplement. The claim is that krill oil is absorbed better by the body than fish oil, and…
Reliance Industries Ltd Wins US License For Venezuelan Oil - Here's Why
The United States has issued a general licence to Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said. Following the US capture of Venezuelan…
Exclusive-India's Reliance wins US licence for Venezuelan oil, sources say
By Nidhi Verma and Jarrett Renshaw NEW DELHI/WASHINGTON, Feb 13 (Reuters) - The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating…
Man who said cooking oil sparked lung disease awarded $25M
A Los Angeles County jury awarded $25 million to Roland Esparza, who alleged that years of using Conagra Brands' butter-flavored PAM cooking spray led to a severe lung disease, and that the company failed to adequately warn consumers about…
Reliance Wins US Licence for Venezuelan Oil, Sources Say
NEW DELHI/WASHINGTON: The United States has issued a general licence to India's Reliance Industries Ltd that will allow the refiner to buy Venezuelan oil directly without violating sanctions, two sources familiar with the matter said. Following the…
U.S. waives Venezuela oil sanctions as Trump signals visit
U.S. President Donald Trump said on Friday (February 13, 2026) he planned to visit Venezuela and reiterated satisfaction with its interim leader, as his administration authorised five major oil companies to operate in the country. 'I'm going to…
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