Crude Oil News and Headlines
- Here is Why Exxon Mobil (XOM) is a Good Energy Stock Amid Low Crude Prices 05/31/2025Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.
- Texas oil operators indicted in drug cartel smuggling scheme 05/31/2025A family operating an oil terminal in Texas was indicted for receiving shipments of smuggled oil connected to the Cartel de Jalisco Nueva Generación.
- Oil production: PINL brokers peace among warring factions in Ogoni 05/31/2025Efforts by the Federal Government to recommence crude oil production in Ogoniland with capacity for 200,000b/pd, has received a boost as Pipeline Infrastructure Nigeria Limited (PINL) has brokered a ...
- Utah oil tycoon family accused of conspiring with Mexican cartel in $300M smuggling scheme 05/31/2025Utah oil tycoon family accused of conspiring with Mexican cartel in $300M smuggling scheme - Oil magnate James Jensen and his son Maxwell allegedly trafficked 2,900 shipments of stolen crude oil into ...
- OPEC+ oil producers stick to their guns with another big hike for July 05/31/2025The world’s largest group of oil producers, OPEC+, stuck to its guns on Saturday with another big increase of 411,000 barrels per day for July as it looks to wrestle back market share and punish ...
- OPEC+ announces sharp increase in July oil production 05/31/2025Saudi Arabia, Russia and six other key OPEC+ members announced on Saturday a huge increase in crude production for July.
- Canadian Natural Resources: My Number 1 Energy Pick 05/31/2025Canadian Natural Resources stands out with strong growth, 5%+ dividends, 25 years of increases, and resilient, cost-efficient operations. Read why CNQ is a Strong Buy.
- Supreme Court scales back a key environmental law in a ruling that could speed development projects 05/31/2025The Supreme Court on Thursday narrowed the scope of environmental reviews required for major infrastructure projects in a ruling that could accelerate development of railroads, highways and pipelines ...
- Government Cuts Duty on Crude Oils to Boost Domestic Refiners 05/31/2025The Indian government reduced the basic custom duty on crude oils to 10%, a move praised by industry bodies SEA and IVPA. This aims to discourage imports of refined oils and protect domestic refiners, ...
- OPEC+ Agrees on Third Oil Supply Surge Despite Russia’s Qualms 05/31/2025OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.
- Nigeria’s oil industry scales evacuation hurdles as GEIL export terminal sets 05/31/2025The oil and gas industry is about scaling one of its hurdles – evacuation of crude oil, as the Green Energy International Limited (GEIL) Otakikpo Crude Oil Export Onshore Terminal is set for operation ...
- Eight OPEC+ members to discuss oil output plan for July at online meeting 05/30/2025Among the countries that have committed to voluntary adjustments to their output plans are Russia, Saudi Arabia, Iraq, the UAE, Kazakhstan, Algeria, Oman, and Kuwait ...