Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
My First $1 Million: Oil Industry Engineering Manager, 67, Chapel Hill, N.C.
Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a 67-year-old married and retired engineering manager…
Hungary's Orbán seeks more Russian oil and gas at talks with Putin in Moscow
Hungarian Prime Minister Viktor Orbán held talks with Russian President Vladimir Putin at the Kremlin on Friday, once again shunning efforts by his European Union partners to isolate Moscow over its invasion of neighboring Ukraine nearly…
What is the B.C. oil tanker ban, and could it change under pipeline deal?
The future of the oil tanker ban in northern B.C. waters is now in question after the federal and Alberta governments signed an energy agreement Thursday that sets the stage for a pipeline to the West Coast. The memorandum of understanding (MoU)…
Soybean oil linked to obesity as RFK Jr. food regs loom
But researchers at University of California Riverside in a study published earlier this week conducted an experiment that might explain how the breakdown of soybean oil in the body leads to increased fat storage and inflammation. Researchers fed a…
Wall Street Warns Of A Deepening Oil Glut In 2026
Reuters' monthly poll shows analysts expect WTI to average $59 in 2026 and Brent $62.23 amid persistent oversupply. Executives warn U.S. shale will stagnate or decline if WTI stays in the $50–$60 range. Goldman Sachs forecasts even lower…
Mystery Blasts Rock Russia-Linked Oil Tankers Off Turkey's Coast
Explosions rocked two tankers sanctioned for carrying Russian oil, the latest in a spate of blasts on such vessels, sparking a rescue operation off Turkey's Black Sea coast. The 900-foot Kairos was en route from Egypt to Russia when it suffered a…
Sea drones halt operations at major Russian oil terminal
The Caspian Pipeline Consortium (CPC), a group that includes US oil majors Chevron and ExxonMobil and which owns the terminal, called the strike a 'terrorist attack'. Ukraine, which did not comment on the incident, has sought to punch back against…
Naval Drones Halt Operations at Russian Oil Terminal
A major Russian oil terminal near the southern port of Novorossiysk halted operations early Saturday after a naval drone attack damaged one of its three mooring points. The Caspian Pipeline Consortium (CPC), which owns the terminal, said it would…
Ocean conservation charity loses High Court bid over oil and gas licences
An ocean conservation charity has lost a High Court challenge against the Government over nearly 30 oil and gas licences granted last year. Oceana UK brought legal action against the Department for Energy Security and Net Zero (DESNZ) and the North…
Hungary's Orbán seeks more Russian oil and gas at Kremlin talks with Putin
FILE – Hungarian Prime Minister Viktor Orban speaks during the inauguration of the new production plant of Flex, the Flex Zala Automotive Next Gen Mobility plant in Zalaegerszeg, southwestern Hungary, Nov. 25, 2025. (Tibor Illyes/MTI via AP…
From Oil War To 'Major Non-NATO Ally': Trump's Extraordinary Saudi Pivot
Trump designates Saudi Arabia a “major non-NATO ally,” marking a dramatic turnaround from years of strained relations marked by an oil price war and diplomatic freezes. In return, Washington expects Saudi Arabia to align more closely…
Sea drones reportedly halt operations at major Russian oil terminal
MOSCOW - One of Russia's largest oil terminals halted operations on Nov 29 following an attack by sea drones, hours before Ukrainian negotiators were headed to the United States for talks on ending the war. The Caspian Pipeline Consortium (CPC), a…
How successful has OPEC+'s oil output policy been in 2025?
After years of slashing output to prop up prices, key members of the OPEC+ group, including Saudi Arabia and Russia, surprised markets earlier this year by hiking production to levels very few had anticipated. AFP takes a look at OPEC+'s output…
'He got baby oil': Kids are apparently playing 'Diddy tag' on the playground
A musician and dad said his son and classmates now play “Diddy tag,” a twist on the classic game where the tagged kid becomes “Diddy,” a reference to the rapper currently serving 50 months in prison for facilitating…
Hungary PM defies EU, promises Putin to keep buying Russian oil
Hungary's Prime Minister Viktor Orban defied the EU on Friday (November 28, 2025) by promising Vladimir Putin he will keep buying Russian oil, as he attended a Kremlin meeting held in the midst of a diplomatic push to end Moscow's Ukraine…
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