Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
Fixing Venezuela oil sector puts Chris Wright in key diplomatic role
Wright, the founder and ex-CEO of oilfield services company Liberty Energy, as well as the founder of the hydraulic fracturing consulting firm Pinnacle Technologies, has become increasingly crucial to President Donald Trump 's plans to revitalize…
Reliance gets US licence to directly buy Venezuela oil
Global trading houses, Vitol and Trafigura, became the first ones to obtain US licences to load and export Venezuelan oil. Venezuela produces only about 0.8 per cent of global crude Indian refiners are seeking steep discounts on Venezuelan oil.
Cuba postpones its annual cigar fair as a US oil siege causes severe fuel shortages and blackouts
Cuba's annual cigar fair, which was set to be held the last week of February, has been postponed organizers said Saturday, as the island faces blackouts and severe fuel shortages brought about by a U.S oil embargo. In a statement, the cigar fair's…
Cuba oil refinery fire hits as fuel crisis deepens
A fire at an oil refinery in Cuba has been brought under control quickly, as the country faces a deepening fuel crisis. Black smoke clouds could be seen billowing from the Ñico López Refinery in the capital Havana on Friday. No-one…
Venezuela Oil Revenue Projected To Hit $5 Billion Under U.S. Control
Venezuela's oil sales, under the control of the United States for five weeks now, are set to bring $5 billion over the next few months, U.S. Energy Secretary Chris Wright told NBC News in an interview. “Sales today are over a billion…
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…
Cuba postpones its annual cigar fair as a US oil siege causes severe fuel shortages and blackouts
Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…
France 'reasonably optimistic' of G7 maritime ban on Russian oil, minister says
MUNICH, Feb 14 (Reuters) - Some G7 countries have expressed willingness to move ahead with maritime services ban of Russian oil and France is 'reasonably optimistic a deal can be reached, French…
Trump and Netanyahu agree to increase pressure on Iranian oil
President Trump and Israeli Prime Minister Benjamin Netanyahu agreed during their meeting at the White House on Wednesday that the U.S. will increase the economic pressure on Iran, mostly when it comes to oil sales to China, according to two U.S.
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…
'A Disaster Waiting to Happen': How the Fracking Boom Put an Oil Field in the Guadalupe River Floodplain - Inside Climate News
GONZALES, Texas—More than 500 enormous oil tanks dot the floodplains of the Guadalupe River and its tributaries where they cross one of Texas' leading oilfields, an Inside Climate News investigation has found, posing risk of an environmental…
Deep Industries bags Rs 148-cr drilling rig contract from Oil India
Deep Industries said that it has secured a domestic contract from Oil India for the hiring of a 1000 HP mobile drilling rig package in Assam and Arunachal Pradesh. The order, valued at approximately Rs 148 crore, is slated for execution over four…
Would Not Necessarily Agree on Everything': Jaishankar Reaffirms India's 'Strategic Autonomy' on Russian Oil Amid India-US Trade Deal
New Delhi: External Affairs Minister S Jaishankar on Saturday reaffirmed India's 'strategic autonomy' regarding the purchase of Russian oil, despite the India-US trade framework that urges India to halt procurement of Russian crude. The foreign…
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