Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bloomberg.com - Javier Blas - No, the Iranian Oil Industry Isn't About to 'Explode
No, the Iranian Oil Industry Isn't About to 'Explode
Bloomberg

If US President Donald Trump is right, the Iranian oil industry should be imploding by now. On April 26, he predicted the country's wells would “explode” in a “very powerful” destructive process starting in three days.

winnipegfreepress.com - Editorial - Opinion: Shocks to global oil industry keep hitting home
Opinion: Shocks to global oil industry keep hitting home
Winnipeg Free Press

Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…

forbes.com - Elena Bou - From Oil To Critical Minerals: The Next Energy Security Risk
From Oil To Critical Minerals: The Next Energy Security Risk
Forbes

CHONGQING, CHINA - JULY 26: In this photo illustration, metal cubes representing rare earth elements including Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), Terbium (Tb), and othersare displayed with their symbols and atomic numbers on…

rediff.com - Nandita Malik - UAE Exits OPEC+ Alliance: What it Means for Global Oil Markets and Energy Strategy
UAE Exits OPEC+ Alliance: What it Means for Global Oil Markets and Energy Strategy
Rediff.com

The United Arab Emirates is set to make a significant policy-driven shift in its long-term energy strategy by exiting the OPEC and OPEC+ alliance, a move poised to reshape global oil market dynamics and align with the nation's domestic economic…

standard.co.uk - Anna Wise - UAE to leave Opec group of oil producers amid Middle East energy shock
UAE to leave Opec group of oil producers amid Middle East energy shock
Evening Standard

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The United Arab Emirates has decided to leave the Opec…

theguardian.com - Gabrielle Canon - Trump administration blocks US wind energy projects in switch to oil and gas
Trump administration blocks US wind energy projects in switch to oil and gas
The Guardian

The Trump administration blocked two permitted US wind energy projects from development this week, with an agreement to pay millions of dollars in refunds to the companies behind them if those funds are reinvested in oil and gas. US Department of…

businessinsider.com - Huileng Tan - A key oil producer is quitting OPEC at a critical moment for the market
A key oil producer is quitting OPEC at a critical moment for the market
Business Insider

A major oil producer is walking away from the Organization of the Petroleum Exporting Countries at a critical moment for global energy markets. On Tuesday, the United Arab Emirates announced it will withdraw from the organization on May 1. This…

observer.ug - Frank Kisakye - Turning oil into opportunity as Uganda nears first oil
Turning oil into opportunity as Uganda nears first oil
The Observer

As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of profound contradiction in the global energy narrative. On one hand, the world is accelerating toward a low-carbon future, with growing consensus around the…

globenewswire.com - Falcon Oil & Gas Ltd. - Falcon Oil & Gas Ltd. - Full Year Results
Falcon Oil & Gas Ltd. - Full Year Results
GlobeNewswire

29 April 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce its financial results for the year ended 31 December 2025. The following should be read in conjunction with the complete audited financial statements and the…

ttnews.com - Chan Ho-Him - Oil Prices Jump 3% - TT
Oil Prices Jump 3% - TT
Transport Topics

A boat sails past a tanker anchored on the Strait of Hormuz off the coast of Qeshm island, Iran, on April 18. (Asghar Besharati/AP/File) HONG KONG — World shares were mixed on April 29 following losses on Wall Street, while oil prices gained…

newsweek.com - John Feng - Oil-starved Japan lobbied Iran to get tanker through Strait of Hormuz
Oil-starved Japan lobbied Iran to get tanker through Strait of Hormuz
Newsweek

A Japanese-owned oil tanker has exited the Strait of Hormuz for the first time since the Iran war began, according to Tokyo and Tehran, potentially offering much-needed relief to a key U.S. ally hit hard by global energy disruptions. The…

cnn.com - Rosemary Church - UAE quits OPEC in blow to leading oil exporters
UAE quits OPEC in blow to leading oil exporters
CNN

The United Arab Emirates will leave OPEC, the decades-old cartel of the world's top oil exporters, delivering a shock that will ripple through global oil markets. CNN's Eleni Giokos has details.

independent.co.uk - Anna Wise - UAE to leave Opec group of oil producers amid Middle East energy shock
UAE to leave Opec group of oil producers amid Middle East energy shock
The Independent

The United Arab Emirates has decided to leave the Opec group of oil producers after six decades of membership amid an energy supply shock in the Middle East spurred by the US-Israeli war with Iran. The UAE announced the decision, through the…

mirror.co.uk - Graham Hiscott - Outrageous' oil giant BP making £366 a second as households fear surge in bills
Outrageous' oil giant BP making £366 a second as households fear surge in bills
The Mirror

Oil giant BP has been slammed for raking in “astronomical” profits of £366 a second while households pay the price of the Iran war. BP's profits more than doubled to almost £2.4billion in the first three months of this…

cityam.com - Business Wire - EA Gibson Shipbrokers and SOGDC Consortium Sign MoUs to Advance Integrated Energy Hub at Sipitang Oil & Gas Industrial Park
EA Gibson Shipbrokers and SOGDC Consortium Sign MoUs to Advance Integrated Energy Hub at Sipitang Oil & Gas Industrial Park
City AM

EA Gibson Shipbrokers Ltd (“Gibson”), the London-based shipbroker and project development adviser leading the consortium for the Sipitang Oil and Gas Industrial Park (“SOGIP”) energy hub, today announces the exchange of…

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