Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy agency lowers world oil demand forecast for the year
The International Energy Agency is lowering its world oil demand forecast for the year, noting that the war in Iran is leading to escalating fuel prices, limited oil supplies and a deteriorating economic outlook. The agency's report on Wednesday…
Energy agency lowers world oil demand forecast for the year - TT
A tank farm at the Klesch oil refinery where diesel, gasoline and heating oil are produced in Gelsenkirchen, Germany, on Oct. 2. (Martin Meissner/AP) The IEA lowered its oil demand forecast, projecting global demand will fall 2.6 million barrels a…
Energy agency lowers world oil demand forecast for the year
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
CFTC staff were told to retract analysis of suspicious oil trades
When U.S. President Donald Trump backed away from threats to strike Iranian power plants on March 23, it sparked a frenzy of buying and selling across oil, equities and other markets. Traders had grown accustomed to prices lurching wildly on…
Most Scots back 'pragmatic' approach to future of North Sea oil and gas industry
A majority of Scots support a 'pragmatic' approach to the future of the North Sea oil and gas industry, a new poll has found. A survey by the IPPR Scotland think-tank found 69 per cent believe decisions on oil and gas should be made on a case by…
Brega Oil and OLA Energy Break Ground on Tajoura Oil Depot
In a strategic move to develop oil infrastructure and enhance storage capabilities, Brega Oil Marketing Company hosted the groundbreaking ceremony for the Tajoura Oil Depot project this Wednesday morning. Brega said this initiative falls under its…
ZeroHedge Debate: Sankey Predicts 2028 Oil Futures Will Feel The Pain Soon
The damage inflicted on global energy infrastructure during the Iran war could have consequences lasting well beyond the conflict itself, according to veteran energy analysts Paul Sankey and Arjun Murti, who joined Erik Townsend for last night's…
The 'Biggest Oil Deal in History' Is Turning Off the Lights in Venezuela
CARACAS, Venezuela — The “biggest oil deal in history” was announced almost simultaneously by acting Venezuelan president Delcy Rodríguez and U.S. president Donald Trump on Aug. 28. However, many Venezuelans didn't find…
Trump hails 'massive' Greenland oil and mineral exploration
Trump also noted how any possible military action against the U.S. would have to pass by Greenland, making the island a strategic military position. “Any future attack on the United States will have to come across Greenland, where our…
Iran-backed Houthis strike Saudi oil company Aramco's headquarters, officials say
CAIRO (AP) — Iran-backed Houthi rebels hit the headquarters of the Saudi state-owned oil company Aramco in an overnight strike, two regional officials said Wednesday, damaging the offices of the firm's chief executive and other top…
June World Oil Production Rebounded
The World's June oil production rose by 4,386 kb/d to 78,371 kb/d due to the partial reopening of the Hormuz Straits and appears to be the beginning of a recovery in world oil production. Big 3's June oil production increased by 562 kb/d to 30,664…
Trump: 'Massive' oil, gas, mineral exploration set to begin in Greenland
President Trump announced early Wednesday that “massive” oil, gas and mineral exploration is “getting ready to begin” in Greenland. The president's brief post on Truth Social pointed to the Danish territory's plentiful…
Trump says 'massive' oil, gas and mineral exploration to begin in Greenland
US President Donald Trump said on Wednesday that 'massive' oil, gas and mineral exploration is getting ready to begin in Greenland. SCROLL TO CONTINUE WITH CONTENT Trump did not share details about the exploration plans in Greenland but said…
Trump refers to 'our' Greenland as he touts oil drilling
President Donald Trump has referred to 'our new and beautiful Greenland,' as he touted a new program to explore oil, gas and minerals deposits. The announcement follows a security agreement to boost American military and security presence on the…
Shropshire heating oil users face tough choices as prices rise
With the summer gone and the central heating going on, people who use heating oil in their homes are facing the prospect of filling their tanks, at much higher prices than they have been used to. Many will pay nearly double what they had to last…
Receive a Daily briefing on Oil Industry News
Get Started