oil News Updates

Business, Fuel

Shell CEO Says Pursuing Major Deal Brings Risk of Distraction

Shell Plc CEO Wael Sawan said the UK energy company will continue to look for potential acquisitions but warned of the risks inherent in pursuing a major deal.

March 25, 2025
Business, Fuel

Elliott Files Lawsuit Against Phillips 66; Board Fight Looms

Elliott Investment Management filed a lawsuit against Phillips 66 and its board of directors to require four seats be up for election this year.

March 25, 2025
Government, Business, Fuel

Surge in Canadian Crude Signals Tariff Worry Is Waning

Concern about U.S. President Donald Trump’s 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
Government, Business, Fuel

Democrats Targeting Trump's Energy Emergency

President Donald Trump began dismantling Joe Biden's climate change and renewable energy policies on his first day, declaring a national energy emergency — an emergency Democrats say is a sham.

February 26, 2025
Government, Business, Fuel

Quebec Says It’s Open to LNG, Oil Projects After Trump Threats

Quebec has long resisted proposals to build new oil and gas pipelines through its territory. U.S. President Donald Trump’s threats against Canada might change that.

February 5, 2025
Business, Technology, Equipment, Logistics, Autonomous

Atlas Energy Begins Driverless Truck Deliveries to Wells

Bulk carrier Atlas Energy Solutions began shipments of proppant on two driverless trucks equipped with self-driving technology from Kodiak Robotics recently, the companies said.

January 28, 2025
Government, Business, Fuel

Biden Makes Last-Minute Bid to Slow Arctic Oil Drilling

The Biden administration advanced a plan to limit oil drilling and infrastructure across more of Alaska’s National Petroleum Reserve days before President-elect Donald Trump takes office.

January 16, 2025
Government, Business, Fuel

Trump Tariff Threat Rippling Through Canada Oil Sector

U.S. President-elect Donald Trump’s vow to impose 25% tariffs on imports from Canada is finally starting to disrupt Canada’s oil industry.

January 14, 2025
Government, Business, Fuel

Supreme Court Won’t Hear From Oil Companies on Climate Suits

WASHINGTON — The Supreme Court said it won’t hear an appeal from oil and gas companies trying to block lawsuits seeking to hold the industry liable for billions in damage linked to climate change.

January 13, 2025
Government, Business, Fuel

Biden Expands Russia Sanctions in Final Days in Office

The outgoing Democratic administration billed the new sanctions as the most significant to date against Moscow’s oil and liquefied natural gas sectors, the driver of Russia’s economy.

January 10, 2025