Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Permit variation granted for Rathlin Energy oil and gas site
David McKennaEast Yorkshire and Lincolnshire The Environment Agency has granted a permit variation for Rathlin Energy (UK) at its East Yorkshire site. The firm, which has operated at West Newton since 2013 and has a permit for drilling wells and…
Global energy demand is rising as Colorado hinders the oil and gas industry (Opinion)
Getting your Trinity Audio player ready... This month at an annual meeting hosted by an international energy technology firm, I joined leaders from around the world to discuss the global energy outlook. What struck me most about the diverse…
Iranian oil exports dipping amid heightened tensions with U.S.
Iran's crude oil exports have declined to their lowest level in two years, as tensions with the United States continue. Becky Anderson asks Amena Bakr, Head of Middle East Energy and OPEC+ Insights at Kpler, about the current geopolitical pressure…
Venezuelan U.S. oil expert freed after arrest with no charges
Feb. 17 (UPI) -- The Venezuelan government on Tuesday released Evanan Romero, a Venezuelan-American oil consultant detained four days earlier at the Maracaibo airport, without a judicial warrant or formal charges publicly announced. Romero, 86, a…
Sinokor Snaps Up Supertankers in Crude Oil Market Shakeup - TT
Tankers moored in Ulsan, South Korea. (SeongJoon Cho/Bloomberg) A niche but crucial part of the oil market is being rocked by a huge bet from a South Korean tycoon who has amassed a large share of the tanker market — with help from one of…
Falcon Oil & Gas Ltd. - Notice of Cancellation of Admission to Trading on AIM
Notice of Cancellation of Admission to Trading on AIM 17 February 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) announces, in accordance with applicable AIM Rules, that the admission of Falcon's common shares to trading on AIM will be cancelled…
Trump Energy Secretary Boasts About Billions in Stolen Oil
Energy Secretary Chris Wright is attempting to repackage America's illegal efforts to seize and sell Venezuela's oil as an act of “out-of-the-box” diplomacy. Some might just call it piracy. Speaking on Fox News Tuesday, Wright boasted…
MI AG's antitrust suit against Big Oil is the sincerest form of flattery
According to Michigan's attorney general, these dastardly fossil fuel companies harmed the rollout of renewable energy by abandoning renewable energy projects, by using patents and patent litigation to stymie renewables, and by working through a…
I snagged a £62 body oil for just £7.40 with new beauty box
A fresh, fruity or floral scent is often the finishing touch that makes me feel put together. A spritz of perfume gives me a spring in my step to leave the house with confidence, so I'm always delighted at the chance to expand my fragrance…
Venezuela Releases Oil Expert Whose Detention Raised Red Flags
Venezuela has released a prominent oil consultant who also has US citizenship after four days in detention, a case that highlights the country's persistent risks as the Washington-backed administration in Caracas seeks to revive the petroleum…
Resilient U.S. Oil Production Is a Boon to Trump. How Long Will It Last?
MIDLAND COUNTY, Texas—Perched in the control room of a rig, an operator steered a drilling bit thousands of feet under the arid surface of the Permian Basin. As he did so, he received real-time directions from a specialist in Houston, some…
BGN Hires More Trading Veterans and Eyes Oil, Refining Assets
A low-profile commodities trading house is adding more industry veterans to its roster as it looks to scale up operations and compete with bigger rivals. BGN, which moves about 50 million tons of goods a year, currently ranks itself in the top ten…
Guyana Plans New Gas Project 'Very Soon' to Diversify From Oil
Guyana is preparing a second pipeline that will bring natural gas from its deepwater oil fields to the shore where it will be used for power and other industrial development.
Ukrainian strikes hit a Russian explosive materials plant 1,000 miles away and a major Black Sea oil terminal, security official says
Ukraine carried out long-range drone attacks overnight against a key Black Sea oil terminal and a plant making components for explosives located deep inside Russia, a security official told Business Insider on Tuesday. The twin attacks mark…
Asia markets make cautious start, oil rises on U.S.-Iran talks
Noriko Hayashi | Bloomberg | Getty Images Asian financial markets were treading carefully on Tuesday in holiday-thinned trading, but oil pushed higher with U.S and Iran nuclear negotiations in Geneva due to begin later in the day. Mainland Chinese…
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