Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's state capitalism comes to the oil industry with his unprecedented Venezuela deal
President Donald Trump's Venezuela oil deal gives the Pentagon an equity stake in North America Blue Energy Partners. NABEP has received concessions to 65 billion barrels of proved reserves, which would make it the second-largest oil company in the…
U.S.-Venezuela oil deal won't reduce domestic gasoline prices anytime soon, experts say
This article originally appeared on PolitiFact. Almost nine months after the United States deposed Venezuelan leader Nicolás Maduro, President Donald Trump struck a deal to give the U.S. a key role in the oil industry of Venezuela — a…
ASX on edge as oil war rattles markets
Fresh military strikes between the US and Iran over the weekend threaten to push up energy prices and drag down the Australian sharemarket as investors brace for higher interest rates. The US launched strikes against three Iranian crude oil tankers…
Three Iranian oil tankers hit after US aircraft carrier targeted by Iran
US forces struck three Iranian oil tankers after Navy warships were targeted with ballistic missiles, the American military said. And officials warned that it would “if necessary, destroy Iran's limited and exposed oil fleet”. Experts…
Iran attacks naval drone near Hormuz after US strikes 3 oil tankers
Iran said on Sunday that its forces attacked a US naval drone trying to enter the Strait of Hormuz, hours after targeting ships in retaliation for American strikes on three oil tankers. The latest round of clashes, which began with US raids last…
OPEC+ set to keep oil output policy unchanged on Sunday, sources say
OPEC+ is set to keep its oil output policy unchanged for October at a meeting on Sunday, two people familiar with the discussions told Reuters, as the producer group needs to agree new quotas before deciding its next output steps. SCROLL TO…
The US-Venezuela oil deal: neo-Monroe Doctrine in action
US Venezuela oil deal. Illustration: Liu Rui/GT Almost nine months after the US deposed Venezuelan leader Nicolas Maduro, it struck a deal with Venezuela that would give the US a key role in the oil industry of Venezuela. The deal grants the US…
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Iran war live: Tehran attacks ships in Hormuz after US strikes Iranian oil tankers
Dan Haygarth6 September 2026 11:30 The Chancellor has warned that the Budget in the autumn could be tough, as US President Donald Trump's war in the Middle East affects the British economy. John Healey issued the warning amid the leap in Government…
Russia's Giant Vostok Oil Loads First Crude on Arctic Tanker
The giant Vostok Oil project in Russia's distant Taimyr region has loaded its first crude for shipment via the Northern Sea Route, expanding the nation's presence in the Arctic and paving the way for future growth of its oil production. The first…
US strikes Iranian oil carrier off Kharg Island
The United States struck three Iranian oil tankers on Saturday, U.S. Central Command (CENTCOM) has confirmed, which it said were involved in covert oil shipment near the critical Kharg Island terminal. Only one of the vessels was near Kharg Island.
US strikes three Iranian oil tankers after two of its warships targeted with missiles
The U.S. military says it struck three Iranian oil tankers Saturday, including one off the coast of Kharg Island, near Iran's key oil export hub. The strikes were carried out after Iran's Islamic Revolutionary Guard Corps launched ballistic…
Indian Stock Market Outlook: West Asia Conflict, Crude Oil, US Inflation Key Drivers
The Indian stock market is poised for a volatile week, with analysts highlighting the West Asia conflict, fluctuating crude oil prices, and crucial US inflation data as the primary forces that will dictate market direction and investor sentiment.
U.S. strikes 3 Iranian oil tankers after Iran targets Navy warships, military says
U.S. forces struck three Iranian oil tankers Saturday after Iran launched ballistic missiles toward two U.S. Navy shifts, the U.S. military said. A U.S. aircraft carrier and guided missile destroyer evaded multiple attacks by Iran's Islamic…
Iran retaliates after US strikes oil tankers
Vessels transit the Strait of Hormuz off the coast of the port city of Bandar Abbas in southern Iran on September 5, 2026. Iran said Sunday that its forces attacked a US naval drone trying to enter the Strait of Hormuz, hours after targeting ships…
US strikes 3 Iranian oil tankers after IRGC attack on American naval ship
DUBAI — U.S. forces struck three Iranian oil tankers on Saturday, U.S. Central Command said, including one off the coast of Kharg Island, near Iran's key oil export hub. The strikes were carried out after Iran's Islamic Revolutionary Guard…
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