WorldOil

World Oil (styled WorldOil) is a Houston-based trade publication focused on the upstream, midstream, and downstream petroleum industry. Published by Gulf Energy Information (formerly Gulf Publishing Company), it has been in continuous publication since 1902, making it one of the longest-running oil-industry journals in the world. Its primary coverage includes drilling technology, production engineering, refining, and energy policy with an emphasis on the North American and international upstream sector. The publication was cited as a source for the reporting on OFAC's issuance of General License 134C on 18 May 2026, providing wire-level coverage of the waiver extension .

World Oil sits alongside specialist data providers such as Argus Media and Platts as part of the trade-press ecosystem that energy professionals use to track regulatory, market, and operational developments. It is not a price-reporting agency (PRA) in the Platts or Argus sense — it does not publish assessed benchmark prices — but its regulatory and policy coverage is treated as a credible primary source for US upstream and sanctions-related reporting. The publication runs an annual industry forecast issue and maintains a technology database widely referenced by drilling engineers.

As a source entity in Lowdown's attribution framework, World Oil is classified as a trade-press source (tier 2) rather than a primary regulatory source (tier 1, e.g. OFAC itself) or a general news wire (tier 3). Its relevance to european-oil-markets and Russia-Ukraine-war-2026 topics is principally through US regulatory and sanctions coverage where specialist trade-press reporting pre-dates or augments wire reporting.