crude oil News Updates

GovernmentBusinessFuel

Trump Set to Meet Oil Titans on Energy Production

President Donald Trump is set to meet with top oil executives as the industry grows uneasy about falling crude prices and tariff uncertainty.

March 14, 2025
GovernmentBusinessFuel

Surge in Canadian Crude Signals Tariff Worry Is Waning

Concern about U.S. President Donald Trumps threats to impose tariffs on U.S. imports of Canadian oil is waning as the duties start date keeps getting pushed back.

March 10, 2025
GovernmentBusinessFuel

Canadian Crude Wins Reprieve From Trumps Tariffs

Crude is among the beneficiaries of President Donald Trumps one-month reprieve on tariffs for some imports from Canada and Mexico, a boost to oil industry leaders.

March 7, 2025
GovernmentBusinessFuel

Trumps Oil Tariffs Set to Reshape Global Trade Flows

The worlds supply lines for cargoes of oil and fuel, which typically crisscross the globe, are about to get redrawn thanks to U.S. President Donald Trumps sweeping tariffs.

March 4, 2025
GovernmentBusinessFuel

Aramco CEO Sees Strong Oil Demand Amid OPEC+ Output Revival

Global oil demand will hit a record this year as Asian countries, particularly China and India, continue to expand consumption, said the head of Saudi Aramco.

March 4, 2025
BusinessFuel

BP Confirms Reset to Oil and Gas Focus

BP confirmed that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price.

February 26, 2025
GovernmentBusinessFuel

US Imposes More Sanctions on Iranian Oil Trade

The U.S. on Feb. 24 imposed sanctions on dozens of people and oil tankers across China, the United Arab Emirates, India and other jurisdictions for allegedly helping to finance Iran.

February 24, 2025
BusinessFuel

Elliott Seeks Phillips 66 Board Seats as It Urges Asset Sale

Elliott Investment Management is seeking seats on the board of oil refiner Phillips 66, the latest effort in a campaign pushing the company to sell assets and improve performance.

February 19, 2025
GovernmentBusinessFuelLogistics

Duffy Says Texas GulfLink Oil Port Will Move Forward

[The port] was held up for five years, and it was stonewalled. Bureaucrats got in the way, and now we are moving forward with that," DOT Secretary Sean Duffy told reporters Feb. 14.

February 14, 2025
GovernmentBusinessFuel

Trumps Energy Council Looks to Fast-Track Oil Projects

We have more energy than any other country and now we are unleashing it, President Donald Trump said as he signed executive orders in the Oval Office on Feb. 14.

February 14, 2025