Crude Oil News and Headlines
- Northern Michigan oil spill bigger than thought, and 4 other major stories 01/23/2026A pipeline leak discovered last April in Northern Michigan released more than 9,200 gallons of crude oil, brine and other pollutants into a wetland in the Pigeon River Country State Forest — over four ...
- Rs 6 lakh cr wiped out! Sensex slumps over 800 points, Nifty below 25,050. What triggered the selloff? 01/23/2026Stock Market Crash Today: Indian equities experienced a sharp decline on Friday, with the Sensex and Nifty erasing early gains due to persistent foreign institutional investor (FII) selling. FIIs ...
- Gulf Energy Exchange launches world’s first oil-backed digital asset 01/23/2026Unveiled at the World Economic Forum in Davos, OIL1 is a stablecoin built on U.S.-developed technologies and collateralized by verified reserves of ...
- Sensex falls 750 pts, Nifty near 25,050: 5 key factors behind market decline 01/23/2026Sensex, Nifty gave up early gains to trade flat as worries over sustained foreign outflows overshadowed relief from easing geopolitical concerns.
- US commercial crude oil stockpiles post weekly increase: EIA 01/23/2026US commercial crude oil inventories rose in the week ended Jan. 16, contrary to expectations of a 500,000-barrel draw. Meanwhile, gasoline inve ...
- Venezuela has right to choose partners, Chinese FM on US official’s claim of not allowing ‘undercut’ oil prices 01/22/2026Chinese Foreign Ministry spokesperson Guo Jiakun. Venezuela is a sovereign country and has the right to independently choose its cooperation partners, China's Foreign Ministry spo ...
- FACTBOX | How much does Venezuela owe China, and why is oil involved? 01/22/2026Venezuela owes China significant debts, with estimates ranging from $10bn to $15bn, primarily from oil-backed loans. Despite a sovereign default and US sanctions, Venezuela continues to service debts ...
- Macquarie upgrades Petronet LNG; HPCL top pick among OMCs 01/22/2026Within oil marketing companies, Macquarie prefers HPCL over BPCL and IOCL. In the broader energy value chain, it favours GAIL in the midstream segment, while in downstream gas distribution, MGL is ...
- China's power, energy and clean technology milestones in 2025 01/22/2026China's electricity output and clean energy technology exports scaled record highs in 2025, LNG and coal imports contracted and crude oil imports nosed higher in another dynamic year for the world's ...
- Oil prices rebound after Trump comments on 'armada' moving to Iran spur supply worries 01/22/2026Oil prices rebounded on Friday after U.S. President Donald Trump renewed threats against, raising concerns of military action that could disrupt supplies.
- Indian Oil buys Angola, Brazil, UAE oil to replace Russian crude, sources say 01/22/2026Indian Oil Corp , the country's top refiner, has bought 7 million barrels of oil, including from Brazil's Petrobras, for March loading to replace Russian oil, two trade sources familiar with the ...
- Venezuela opens debate on an oil sector overhaul as Trump seeks role for US firms 01/22/2026Following the U.S. capture of former President Nicolás Maduro earlier this month, the Trump administration has ramped up pressure on acting President Delcy Rodríguez and other allies of the ousted ...