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Texas Sues Utility Company Xcel Over ‘Blatant Negligence’ in Fatal Wildfire
Dec 17 2025 // Texas Attorney General Ken Paxton sued Xcel Energy Inc., accusing the utility company of “blatant negligence” over its role in the Smokehouse Creek wildfire that killed three people and caused more than $1...
Venezuela Says Oil Export System Down After Weekend Cyberattack
Dec 16 2025 // Venezuela’s state oil company is still struggling to restore key administrative systems after what it called a cyberattack that hit over the weekend. Petroleos de Venezuela SA’s network, which manages export...
Update: EU Announces New Sanctions on Companies and Individuals Over Russian Oil
Dec 15 2025 // The European Union adopted fresh sanctions against Russian oil interests on Monday, targeting traders Murtaza Lakhani and Etibar Eyyub for helping Moscow to circumvent Western sanctions on crude exports that help to fund...
Oil Tanker Rates to Stay Strong Into 2026 as Sanctions Remove Ships for Hire
Dec 15 2025 // The cost of shipping oil is likely to remain high in the first half of 2026 as the global fleet ages and a rising number of vessels are hit with Western sanctions, shipping sources say, though rates could be capped in the...
Toxic Water From Texas Oil Production Is Set to Be Treated and Pumped Into Rivers
Dec 12 2025 // Texas is about to deploy a potential solution to the oil industry’s toxic wastewater problem — but it’s a move that carries environmental risks of its own. State regulators are working to issue permits that...
US Seizes Sanctioned Oil Tanker Off Coast of Venezuela, Trump Says
Dec 11 2025 // The U.S. has seized a sanctioned oil tanker off the coast of Venezuela, President Donald Trump said on Wednesday, a move that sent oil prices higher and sharply escalated tensions between Washington and...
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