Oil Industry News

Macro Insights: Black Swans In Greenland, Oil In Venezuela, And 2026 Predictions

Analysts discuss how geopolitical events in Venezuela and Greenland could reshape energy markets, gold demand, and global alliances. 2026 market outlooks favor continued S&P 500 (SPY) ascent but warn against traditional 60-40 portfolios. Analysts…

Venezuelan Oil Moves Into the Caribbean as US Trade Links Forged

Tankers have begun discharging Venezuelan crude at Caribbean islands, publicly signaling their activity in a move that marks a new trade order after US exerted control over Caracas' oil industry. Two vessels delivered about 2.5 million barrels of…

Oil Rises in Asia; Geopolitical Tensions in Focus

We are disliked for fighting for customers' - Star Oil CEO

Chief Executive Officer of indigenous Oil Marketing Company (OMC) Star Oil, Kwame Tieku, has said the company remains one of the most disliked players in the petroleum industry because of its strong commitment to protecting consumer interests and…

Harley Pinson (1950-2025): Oil industry lawyer set high standards for serving his community

Harley Frederick Pinson, a Bakersfield oil industry lawyer active in service organizations who was known for his staunch conservatism, died Dec. 28 in the Sacramento area at the age of 75 after a battle with Parkinson's Disease. A dedicated…

Turkey in Talks With Chevron for Joint Oil, Gas Exploration

Turkey's state energy company is in talks with Chevron Corp to jointly explore for oil and gas, according to a Turkish official familiar with the discussions. Turkish Petroleum Corp, known as TPAO, would work with Chevron on seismic studies and…

US to Open Access to Venezuela Oil to More Traders, Refiners

The US government plans to allow more trading companies beyond Vitol Group and Trafigura Group to purchase Venezuelan crude, a Trump administration official said. The pending authorization, expected to involve a general license easing existing…

Squarepoint Hires Gunvor's Former Crude Head In Push Into Oil

Squarepoint, the quantitative-focused firm that's making an unorthodox push into metals, has just hired one of the oil market's top physical traders. Benoit Roulon — previously head of crude oil at Gunvor Group Ltd. — has recently…

Reservoir Link Energy unit secures work order from Roc Oil Sarawak

Corporate News KUALA LUMPUR: Reservoir Link Energy Bhd said its wholly-owned subsidiary Reservoir Link Sdn Bhd has received a work order from Roc Oil (Sarawak) Sdn Bhd for perforation services for D35, D21 and J4 drilling and production enhancement…

Doctor shares what happens to your body if you have olive oil every day

A UK doctor has hailed a common kitchen staple as 'the single most powerful health-promoting, disease-preventing food on the planet'. Dr Sam Watts, who regularly shares his medical insights on social media and is also an expert in Ayurveda - an…

Oil prices waver while investors eye Greenland developments

SINGAPORE: Oil lacked clear direction on Tuesday as markets monitored President Donald Trump's threats of higher U.S. tariffs on European nations over his desire to buy Greenland, while a weaker dollar and better than expected economic data from…

Oil Steadies With Greenland Crisis and Surplus Concerns in Focus

Oil steadied as traders tracked the fallout from the US push to take control of Greenland, and concerns about a global surplus. West Texas Intermediate held near $59 a barrel, little changed compared with Friday's close. Prices didn't settle on…

Trump wants cheaper oil. Texas could pay a price.

ODESSA — After COVID-19 tanked oil prices, Texas' oil and gas industry rebounded. By 2024, operators were drilling record amounts of oil. Each barrel sold for at least $70, bringing profits and momentum that enriched the state's coffers…

9 best cod liver oil supplements to boost health and immunity, tried and tested

Rosita extra virgin cod liver oil softgels Read review Holland & Barrett cod liver oil 1000mg Read review Best cod liver oil and omega-3 in one Vitabiotics cod liver oil plus omega-3 ultra 2-in-1 fish oil and vitamin D Read review Dropi Clean…

China Nears End of Cheap Venezuela Oil as Last Tankers Head East

The last tankers carrying sanctioned Venezuelan crude to Asia are set to arrive in the coming days, effectively drawing to a close China's easy access to a source of cheap oil that has helped sustain its refining sector. The ships — which…