An insurance association has urged its members to assess their exposure to Russian oil as the UK and EU prepare to update their oil price cap regimes. The oil price cap, introduced by the G7, EU, and Australia, aims to restrict Russia’s oil revenues by preventing Russian companies from selling oil above a specified threshold....Continue Reading

Venezuelan Crude Oil On Its Way to the US | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 15, 2025, 2:00 PM CDT Chevron has dispatched the first two Venezuelan crude...Continue Reading

Tariffs and Energy Costs Could Spark an Economic Crisis for Germany | OilPrice.com ZeroHedge The leading economics blog online covering financial issues, geopolitics and trading. More Info Premium Content By ZeroHedge – Aug 15, 2025, 2:00 PM CDT German industry is being hit hard by new US tariffs, high energy costs, and strict EU climate...Continue Reading

A new report from the Texas Independent Producers and Royalty Owners Association (TIPRO) highlights new employment figures showing a decrease in upstream employment in Texas in the month of July. SourceContinue Reading

The total number of active drilling rigs for oil and gas in the United States stayed the same this week, according to new data that Baker Hughes published on Friday. The total rig count in the US stayed at 539, according to Baker Hughes, down 47 from this same time last year. The rig count...Continue Reading

Petroliam Nasional Bhd. (Petronas) is still discussing details of a cooperation framework with Sarawak’s oil company as part of efforts to resolve an ongoing dispute over gas resources in the state. SourceContinue Reading

One of Russia’s Largest Oil Refineries Halts Crude Intake | OilPrice.com Julianne Geiger Julianne Geiger is a veteran editor, writer and researcher for Oilprice.com, and a member of the Creative Professionals Networking Group. More Info Related News By Julianne Geiger – Aug 15, 2025, 11:30 AM CDT Ukraine’s drone campaign against Russian energy assets has...Continue Reading

Centrica Plc signed a 10-year agreement to buy natural gas from Devon Energy Corp. to help expand its activities across the Atlantic.  SourceContinue Reading

UK Rejects Bioethanol Industry Bailout | OilPrice.com Charles Kennedy Charles is a writer for Oilprice.com More Info Related News By Charles Kennedy – Aug 15, 2025, 10:30 AM CDT The UK government has decided against bailing out the country’s bioethanol plants, which have warned they would be forced to close without a rescue package as...Continue Reading

Algeria is close to finalizing a deal with ExxonMobil and Chevron to tap the North African nation’s vast gas reserves, including shale, for the first time, a senior official said. SourceContinue Reading