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oil industry news

Don’t jeopardise Iran ceasefire

PREMIUM
The Iran-US negotiations are unlikely to lead to an understanding until there is a realisation by all the stakeholders that there is no military solution to the West Asia crisis. (AFP)
Updated on May 05, 2026 09:07 pm IST

Venezuela oil sector opens to private firms in big move after Maduro capture

Under the new law, the firms can take disputes and disagreements to independent arbitration and would not be mandatorily required to resolve them only in state-owned Venezuelan courts.
Updated on Jan 30, 2026 01:57 pm IST

Venezuela’s astoundingly messy debts are about to get messier

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Venezuela's President Nicolás Maduro in Caracas, Sept. 15.
Updated on Jan 08, 2026 12:27 pm IST

Venezuela’s Machado Stole the World’s Attention. Now She Is Frozen Out.

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Nobel laureate María Corina Machado at a press conference in Oslo in December.
Published on Jan 07, 2026 11:48 am IST

Venezuelan government seeks to show it is operating free from US control

Venezuelan government seeks to show it is operating free from US control
Published on Jan 06, 2026 12:17 am IST

Key highlights from Donald Trump's address after Venezuela strikes

A photograph posted by U.S. President Donald Trump on his Truth Social account shows him sitting next to U.S. Secretary of State Marco Rubio as they watch the U.S. military operation in Venezuela from Trump's Mar a Lago resort, in Palm Beach, Florida, U.S., January 3, 2026.
Published on Jan 04, 2026 12:56 am IST

EU joins US in sanctions on Russia, oil in focus; Zelensky says 'very important'

Ukraine's President Volodymyr Zelensky talks to the press as he arrives for a European Council meeting gathering the 27 EU leaders to discuss Ukraine.
Published on Oct 23, 2025 05:09 pm IST

How much could India lose if Trump imposes 25% tariff, Russian import penalty?

US President Donald Trump holds up an executive order at the White House in Washington, DC, on August 5, 2025.
Updated on Aug 06, 2025 11:59 pm IST

Where was Landman Season 2 filmed? All locations from oil industry drama sequel

Taylor Sheridan's Landman returns for Season 2 on Paramount+, based on the Boomtown podcast.
Published on Aug 04, 2025 05:12 pm IST

Paramount confirms Landman Season 2: Release date, cast, plot and more

Landman Season 2 drops this November.
Published on Aug 03, 2025 10:48 pm IST

Donald Trump is throttling America’s oil industry

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Donald-Trump-is-throttling-America-s-oil-industry
Published on May 12, 2025 06:55 am IST

US sanctions four Indian firms for their 'involvement' in Iran's oil industry

US President Donald Trump during the Conservative Political Action Conference (CPAC) in National Harbor, Maryland, US, on Saturday, Feb. 22, 2025. The Conservative Political Action Conference launched in 1974 brings together conservative organizations, elected leaders, and activists.
Published on Feb 25, 2025 10:01 am IST

What do Joe Biden’s farewell Russian oil sanctions mean for India?

US President Joe Biden arrives to speak at the State Department in Washington, DC, on January 13, 2025, as he delivers his final foreign policy speech.
Published on Jan 14, 2025 05:46 am IST

Billy Bob Thornton figured out oil industry for 'Landman' show

Billy Bob Thornton figured out oil industry for 'Landman' show
Published on Nov 14, 2024 01:28 am IST

Explained: Why Greta Thunberg faces police action in London?

Swedish climate activist Greta Thunberg is arrested outside the InterContinental London Park Lane during the "Oily Money Out" demonstration organised by Fossil Free London and Greenpeace. (AFP)
Updated on Oct 19, 2023 05:18 pm IST

Sugar mills in Maharashtra diverting biz towards ethanol production

There is more demand from oil industries for ethanol blending but existing mills are not able to provide the required supply. (REPRESENTATIVE PHOTO)
Updated on May 04, 2023 11:40 pm IST

Russia becomes India's second-biggest oil exporter, trade sources

Higher oil imports from Russia, curbed OPEC's share in India's overall imports to 65% in April.
Published on Jun 13, 2022 06:41 pm IST

Chinese reliance on Middle East oil increases: Report 

Considering China's dependence on foreign suppliers for oil remains in excess of 70 per cent, Chinese fears of such disruptions to the energy supply chain will only grow.
Published on Dec 31, 2021 05:43 pm IST

UK oil, gas industry struggles to recover from slump caused by Covid-19

FILE - In this Friday, Nov. 30, 2018 file photo smoke rises from a factory as a truck loaded with cars crosses a bridge in Paris. Global energy-related carbon dioxide emissions rose slightly in December compared to the same month of 2019, indicating the sharp drop seen due to the pandemic was short-lived. Figures released Tuesday by the International Energy Agency show emissions from the production and use of oil, gas and coal were 2% higher in December 2020 than a year earlier. (AP Photo/Michel Euler, File)
Published on Mar 16, 2021 01:52 pm IST

Texas governor's biggest donors: Energy industry that failed

Republican Gov. Greg Abbott has blamed grid operators and iced-over wind turbines but gone easier on another culprit: an oil and gas industry that is the state's dominant business and his biggest political contributor.
Published on Feb 20, 2021 08:49 am IST

Oil industry reels as Joe Biden targets fossil fuels in first days

Washington : FILE - In this Jan. 21, 2021, file photo, President Joe Biden reacts to a reporters question after signing executive orders in the State Dinning Room of the White House, in Washington. Vice President Kamala Harris, left, and Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, right, look on. AP/PTI(AP01_23_2021_000009B)
Published on Jan 23, 2021 06:25 pm IST

Donald Trump seizes on Joe Biden’s oil comment to warn swing state voters

After the debate, Biden sought to downplay his on-stage comment, emphasizing that the fossil fuel industry wouldn’t “be gone” until 2050
Published on Oct 23, 2020 03:10 pm IST

Venezuela and Iran buck US sanctions again to export crude

Venezuela, owner of the world’s largest oil reserves, has been struggling to find ships willing to risk sanctions after the Trump administration announced sanctions on six vessels and its shipowners for transporting its crude.
Updated on Sept 23, 2020 06:47 pm IST

Will develop oil industry despite US sanctions, says Iranian Oil Minister Zanganeh

The Islamic Republic’s crude production has halved to around 2 million bpd.
Updated on Jul 11, 2020 12:34 pm IST

Over 85mn gas cylinders have been availed under Gareeb Kalyan Yojana: Dharmendra Pradhan

Dharmendra Pradhan MoS Petroleum and Natural Gas addressing media on Pradhan Mantri Ujjwala Yojana (PMUY) photo:pradeep gaur/mint
Updated on Jun 04, 2020 05:33 am IST

Saudi, Russia seek to finalise oil cuts in G20 talks, want US involved

General view of Saudi Aramco's Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018.
Updated on Apr 10, 2020 05:39 pm IST

Oil prices fall as coronavirus spreads outside China with death toll at 2,900

Hundreds of new cases of the virus that causes the COVID-19 disease have been announced in recent days outside of China.
Updated on Mar 02, 2020 01:05 pm IST

Guest column by designer David Abraham: New laws for the fashion police

Today with all the chatter by fashion brands, the industry and the media, the conversation on sustainability is getting difficult to follow
Updated on Sept 07, 2019 10:35 pm IST

Outstanding tax revenue for Maharashtra at 89,000 crore

The major chunk of the outstanding amount, 65,396 crore, is accrued from sales and value added taxes on motor spirits and lubricants.
Updated on Jun 24, 2019 08:33 am IST