Latest Oil Gas Headlines
All the headlines from our Oil Gas Topic Page, ordered by recency.
EU’s New Russia Sanctions Aim for More Effective Oil Price Cap
Jul 18 2025 // The European Union on Friday agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at dealing further blows to the Russian oil and energy industry. The EU will set a moving...
Ford Recalls Over 694,000 SUVs After Year-Long Fuel Leak Probe
Jul 18 2025 // Ford is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a...
European Commission to Propose Floating Russian Oil Price Cap
Jul 11 2025 // The European Commission is expected to propose a floating Russian oil price cap this week as part of a new draft sanctions package in an attempt to overcome opposition from some member states, four EU diplomats said. The...
India’s Kerala State Seeks $1.1 Billion in Compensation From MSC Over Oil Spill
Jul 8 2025 // India’s southern state of Kerala has sued Swiss-based Mediterranean Shipping Company and sought $1.1 billion in compensation after one of its container vessels sank and leaked fuel into the Arabian Sea in May. The...
NTSB Blames Delayed Response for 2023 Oil Spill off Coast of Louisiana
Jun 27 2025 // Roughly 1.1 million gallons of crude oil spilled from a pipeline into the Gulf of Mexico in November 2023 because operators failed to shut it down for nearly 13 hours after their data first hinted at a problem, the...
Coal Loophole Undermines Bank Pledges to Cut Fossil Fuel Funding
Jun 24 2025 // In the parts of the financial world that have spent the decade since the Paris Agreement trying to curb the most-polluting fossil fuel, there are actually two distinct types of coal — with two very different sets of...
U-Turning Oil Supertankers Cross Hormuz After Avoiding It
Jun 23 2025 // Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Hormuz shipping strait at the mouth of the Persian gulf, having performed U-turns in the past 24 hours. On Sunday, the...
Texas to Create Task Forces to Target Oil Field Thefts
Jun 23 2025 // At least three times a week, Darin Mitchell gets the call. Oil drums have been stolen. Copper wires were yanked. Other field equipment at an oil and gas facility was pilfered. The Winkler County Sheriff dispatches his...
Ex-Shell US Oil Trading Boss Claims He’s Owed $29 Million Bonus
Jun 20 2025 // Shell Plc’s former head of oil trading in the US was stiffed on his 2020 bonus by more than $29 million, he claims in a lawsuit that shines a light on compensation inside the oil major’s lucrative trading...
Most G-7 Members Ready to Lower Russian Oil Price Cap Without US
Jun 12 2025 // Most countries in the Group of Seven nations are prepared to go it alone and lower the G-7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G-7...
EU Proposes Nord Stream Ban, Lower Oil Cap to Hit Russia
Jun 11 2025 // The European Union proposed a ban on the Nord Stream gas pipelines and the reduction of an oil price cap as part of a new sanctions package that aims to pile pressure on Moscow to end its war against...
Crews Work to Contain Diesel Fuel Spill in Baltimore Harbor
Jun 6 2025 // State, city and U.S. Coast Guard crews of more than 100 people worked overnight to contain and clean up a 2,000-gallon diesel fuel spill in Baltimore’s harbor. On Wednesday at 11 a.m., first responders received what...
BlackRock Escapes Texas Oil-Boycott List After ESG Retreat
Jun 5 2025 // BlackRock Inc. was removed from Texas’ blacklist of companies that boycott fossil fuels, ending a three-year standoff over the environmental policies of the world’s largest asset manager. The move means pension...
Alberta Wildfires Shut About 7% of Canada’s Oil Production
Jun 3 2025 // Wildfires in Canada’s energy heartland of Alberta have shut down almost 350,000 barrels of daily heavy crude production — about 7% of the country’s output — as a major blaze near the province’s...
Wildfires in Alberta Pose Growing Threat to Canada’s Oil
May 30 2025 // Wildfires are threatening about 5% of Canada’s crude output as a blaze in Alberta’s oil sands region spreads and approaches major production sites. A total of 26 out-of-control fires are burning in the province...
Wildfires Erupt Near Alberta Oil Well Sites Amid Hot Weather
May 27 2025 // Hot weather sparked a string of wildfires around Alberta over the weekend, including some near oil and gas wells operated by Canadian Natural Resources Ltd. and others. Four out-of-control fires were burning in Alberta at...
India Races to Contain Oil Spill From Sunken Container Ship
May 27 2025 // Indian agencies detected an oil spill from a container ship that capsized off the coast of the southern state of Kerala early Sunday, triggering efforts to contain the environmental damage, the defense ministry said in a...
The Biggest US Oil Field Is at Risk of Poisonous Water Leaks, Texas Warns
May 23 2025 // Texas regulators are warning that wastewater from fracking in the biggest US oil basin is causing a “widespread” increase in underground pressure — a development that risks hindering crude output and harming...
US ‘Not Convinced’ About Lower G7 Price Cap on Russian Oil, European Official Says
May 23 2025 // A European official said on Thursday that the United States is “not convinced” about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap...
Chevron Says One Missing After Fire at Angola Offshore Oil Platform With 17 Injured
May 21 2025 // Chevron’s Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela Belize Lobito Tomboco (BBLT) offshore oil platform on Tuesday. Seventeen people were injured,...
