The Latest Breaking News from Oil

Venezuelans’ pride is bruised by deal to give US one-fifth of their oil reserves

Many Venezuelans see the deal giving the United States control of roughly one-fifth of their country's oil reserves as a surrender

The Independent UK · Sep 3

US trade gap in July hits biggest in over a year on AI buildout

The US trade deficit in July widened to its largest since March 2025, government data showed Thursday, as imports climbed on the back of the booming AI tech build-out. But the trade deficit in the world's biggest economy grew to $88.6 billion in July -- a 24.4 percent increase from…

The Economic Times · Sep 3

Trump administration ratchets up its fight to get more oil flowing from California

The Trump administration has been fighting with California officials over offshore oil projects and the state's coastal commission, which works to protect the state's shores

The Independent UK · Sep 3

Canada hasn’t pulled the gas trigger in Trump’s trade war. What happens if it does?

IN FOCUS: The Great White North has the upper hand when it comes to oil and gas, but experts tell Alex Woodward they hope cooler heads will prevail before the risk of mutually assured economic destruction

The Independent UK · Sep 3

Oil Prices Surge Despite Trump's Proposal to Rename Hormuz Strait as Trump Strait and Claiming It Is Under US Control

US oil prices rose 1.3% despite Trump claiming control over the Strait of Hormuz amid escalating tensions with Iran and diverging data from ship-tracking service providers.

International Business Times UK · Sep 3

India bonds pare gains as oil spike tames FCNR boost

Early Thursday trading saw Indian government bonds lose their initial gains as stronger dollar inflows were overshadowed by soaring oil prices. Traders covering short positions led to better performance in shorter maturities. Abundant liquidity helped reduce overnight indexed swap rates, but the spike in oil prices heightened concerns about India's…

The Economic Times · Sep 3

25 years after 9/11, what disasters reveal about Americans’ ability to reconnect

Many Americans will pause on the 25th anniversary of the 9/11 attacks to remember the nearly 3,000 people who were killed that day. The attacks became a shared national tragedy, the impact of which reached far beyond those who experienced them firsthand.

The Conversation · Sep 3

Current price of oil as of Sept. 3, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Fortune · Sep 3

SLB’s Kelvion Deal Could Change How Investors Value the Oilfield Giant

SLB's $4.1 billion acquisition of Kelvion builds a data-center growth engine alongside its NVIDIA partnership, even as legacy oilfield earnings continue to decline year-over-year.

MarketBeat · Sep 3

In 2018, ACS Energy researchers studied cashew nut shell liquid as a potential diesel alternative; the biofuel may be used in compression-ignition engines after blending or processing

Cashew nut shells hold a remarkable oil, called CNSL, which can be utilized to fuel engines. This renewable resource presents a sustainable alternative to traditional petroleum diesel. Although raw CNSL needs further refinement, its potential for various industrial applications is promising. Countries like India and Vietnam have historically used this…

The Economic Times · Sep 3