Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Edible oil industry sees limited impact from duty cut on soybean oil imports in Indo-US deal
The impact of the duty reduction announced in the US-India bilateral trade agreement will be limited for Indian soybean oil importers, though it may marginally ease soybean oil prices in Argentina, according to the Indian edible oil sector. BV…
Palm Oil May Drop Below 4,000 Ringgit on Soy Oil Supply Surge
Palm oil may drop below 4,000 ringgit ($1,017) a ton by April as it competes with a flood of South American soy oil in price-sensitive markets like India, according to veteran trader, Dorab Mistry. Palm will have to become cheaper to attract…
The shadowy world of abandoned oil tankers
David Waddell Business reporter Over the past year there has been a big rise in the number of oil tankers and other commercial ships being abandoned around the world by their owners. What is causing the spike? And what is the human impact on the…
The shadowy world of abandoned oil tankers
Over the past year there has been a big rise in the number of oil tankers and other commercial ships being abandoned around the world by their owners. What is causing the spike? And what is the human impact on the affected merchant sailors? Ivan…
More Indian Refiners Take Venezuelan Oil as US Reshapes Flows
Indian Oil Corp. and Hindustan Petroleum Corp. jointly bought a cargo of Venezuelan crude, marking a second deal on the trade by the nation's processors after Reliance Industries Ltd. snapped up a shipment. The country's largest state-owned refiner…
Are Indian Refiners Really Avoiding Russian Oil? Trade, Government and Market Dynamics Explained
Indian refiners, including Indian Oil Corporation (IOC), Bharat Petroleum (BPCL), and Reliance Industries, are reportedly avoiding offers for Russian crude oil for deliveries scheduled in March and April, industry sources told Reuters, part of a…
Falcon Oil & Gas Ltd. - Notice of Special Meeting of Shareholders and Management Information Circular
Notice of Special Meeting of Shareholders and Management Information Circular 09 February 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) will hold a special meeting of shareholders at the Conrad Hotel, Earlsfort Terrace, Dublin 2, Ireland on 11…
MSPO certification rate for oil palm estates reaches 90%
KUALA LUMPUR: About 90 per cent of estates in the palm oil sector have obtained the Malaysian Sustainable Palm Oil (MSPO) certification, while independent smallholders have reached 85 per cent, said Minister of Plantation and Commodities Datuk Seri…
US-Iran Talks Make a Good Start But Oil Markets Can't Relax Just Yet
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Anthony Di Paola looks at reactions to the first round of US-Iran talks. Oil prices are sending a pretty clear signal on the…
Sabah strengthens oil and gas position with 20% stake in North Sabah EOR PSC
KOTA KINABALU: Sabah's role as a strategic player in the oil and gas industry is further solidified after it acquired 20% participating interest in the North Sabah Enhanced Oil Recovery Production Sharing Contract (EOR PSC), this year. This…
Buyers to decide on Russian oil import: Piyush Goyal
Union Commerce and Industry Minister Piyush Goyal clarified that India's decisions on Russian oil imports are taken solely by domestic buyers and are not dictated by the recently concluded India-US interim trade agreement framework, noting that it…
S-Oil signs $3.7 bil. deal with SABIC for polyethylene exports
S-Oil Corp., Korea's third-largest oil refiner by sales, said Monday it has signed a 5.5 trillion won ($3.7 billion) agreement with Saudi Basic Industries Corp. (SABIC) to cooperate on exports of polyethylene (PE) products. Under the five-year…
Oil Drops as US, Iran Pledge to Continue Talks
Oil prices fell on Monday after the U.S. and Iran pledged to continue talks over the Middle Eastern producer's nuclear programme, easing concerns about a possible conflict that could disrupt supply from the region. Brent crude futures fell 49…
Soy Oil Rallies as India Agrees to Cut Duties on US Supplies
Chicago soybean oil rose to its highest level in more than six months, driven by hopes that India will buy more after proposing to open parts of its agriculture market to cheaper US imports. India agreed to cut or eliminate import duties on a slew…
Oil Falls on Possible Position Adjustment Amid Middle East Developments
0011 GMT — Oil falls in early Asian trade amid possible position adjustments. In talks last Friday, Iran and the U.S. signaled a willingness to keep working toward a diplomatic solution that could stave off an American military strike…
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