Oil News and Headlines
- Turkish Petroleum signs MoU with Britain's BP for potential collaboration in Iraq and Libya 02/12/2026The agreement follows earlier MoUs Turkish Petroleum signed with Chevron and ExxonMobil’s ESSO Exploration, covering new exploration zones in the Black Sea and Mediterranean.
- Russia to suspend flights to Cuba as Trump sanctions cut fuel supply 02/12/2026Russia's Federal Air Transport Agency said the airlines Rossiya and Nordwind were forced to adjust their flight programs due to problems securing fuel in Cuba.
- Nicolás Maduro is still the 'legitimate president' of Venezuela, acting leader Delcy Rodriguez says 02/12/2026Cooperation is off to a tremendous start,” Energy Secretary Chris Wright told NBC News as the two countries hammered out details of how Venezuela’s vast oil reserves are to be distributed.
- ‘Golden province’: TotalEnergies eyes 200,000 bpd FPSO for Namibia's Mopane field 02/12/2026Upstream depends on being able to display ads on our services in order to finance our journalism.
- IEA Slashes Oil Demand Growth Forecast For 2026 02/12/2026The International Energy Agency has cut its 2026 global oil demand growth estimate to 850,000 barrels per day, citing growth solely from developing economies led by China, while confirming an expected ...
- Russia fires barrage at Ukrainian cities as next round of US-brokered talks is unclear 02/12/2026Russia launched missile and drone attacks on Ukrainian cities as US-brokered peace talks remain uncertain, with Ukraine ready to negotiate but Russia hesitant.
- Russia's Volgograd oil refinery halts processing after drone attack, sources say 02/12/2026Lukoil-owned Volgograd oil refinery in Russia's south, has suspended oil processing on Wednesday after fire erupted following a Ukrainian done attack, two industry sources said on Thursday.
- 8 things Chipotle grillers aren't allowed to share, former employees say 02/12/2026Ever wonder what really goes on behind that sizzling grill at Chipotle? The smell of charred chicken and marinated steak might seem straightforward, yet there's a world of closely guarded protocols ...
- Trump Plans to Repeal the Finding That Lets the EPA Regulate Climate-Warming Emissions 02/12/2026“President Trump will be joined by EPA Administrator Lee Zeldin to formalize the recession of the 2009 Obama-era endangerment finding,” Karoline Leavitt said at a press conference on Tuesday. “This ...
- IEA downgrades outlook on growth of global oil supply for 2026 by 100,000 bpd 02/12/2026MOSCOW, February 12. /TASS/. The International Energy Agency (IEA) has downgraded its outlook on global oil supply growth in 2026 by 100,000 barrels per day (bpd) compared with its projection in the ...
- Cuba flights crisis as aviation fuel runs out 02/12/2026Is it safe to travel to Cuba? Foreign Office issues new warning after air travel crisis - British travellers to Caribbean’s largest island warned: ‘Carefully consider if your presence is essential’ ...
- Oil exports from Russia down to 7.5 mbd in January, revenues up to $11.11 bln — IEA 02/12/2026Compared to last January, Russia’s revenues from oil exports decreased by over $4.6 bln. According to the IEA, India imported 100,000 bpd less Russian oil in January, having reduced purchases to 1.1 ...