Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Revealed: British ad firm's billion-dollar greenwash of US oil industry
A British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures after President Trump indicated that a blockade of the Strait of Hormuz would continue indefinitely. Globally traded Brent oil futures rose 6.1% to $118.03 a barrel, closing within 0.3% of their…
Analysis: US blockade is squeezing Iran's all-important oil industry
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
Analysis: US blockade is squeezing Iran's all-important oil industry
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Trump said his blockade would cause Iran's oil industry to 'explode' this week. Why that won't happen
President Donald Trump said he will blockade Iran until it agrees to a nuclear deal. But it could take a while before the regime feels enough economic pressure. Iran has enough oil storage to buy it at least a month and maybe longer, analysts say.
Analysis: US blockade is squeezing Iran's all-important oil industry
DUBAI, United Arab Emirates (AP) — Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is…
Opinion: Will Canada choose oil and bondage to the U.S., or forge our own destiny?
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. Oil briefly hit US$125 on…
Industrial costs up 50% in Hong Kong since start of Mideast war: oil executive
Operating costs for Hong Kong's industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, according to an oil industry representative, who has said distributors will pass on subsidies to…
What surging oil price means for your petrol, food and energy bills
The price of oil soared overnight to their highest level since 2022 as doubts resurfaced about the Strait of Hormuz shipping route opening fully. The price of Brent crude oil pushed beyond $125 at one stage, reaching a high not seen since Russia's…
FTSE 100 rallies as oil eases and Bank of England holds rates
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 FTSE 100 made strong progress on Thursday as…
Iran defies Trump's blockade as oil prices soar
Iran warned the United States on Thursday that its naval blockade was doomed to fail, after President Donald Trump signalled it could be enforced for months to come, in a confrontation wreaking havoc on global energy markets. SCROLL TO CONTINUE…
Homeowners in Yorkshire turn to solar panels as oil prices rise
Renewable energy firms in Yorkshire have reported a spike of interest in solar panels prompted by the US-Israel war with Iran. As fuel prices have risen, households have been turning away from oil and gas, with energy supplier Octopus seeing a 50%…
Homeowners in Yorkshire turn to solar panels as oil prices rise
Cathy Killick and Chloe Aslett, Yorkshire Renewable energy firms in Yorkshire have reported a spike of interest in solar panels prompted by the US-Israel war with Iran. As fuel prices have risen, households have been turning away from oil and gas…
Saudi Economic Growth Slows as Iran War Hits Oil Exports
Saudi Arabia's quarterly economic growth rate slowed to its lowest since mid-2024, as the kingdom grapples with the Iran war's effects on its crucial oil industry. Gross domestic product expanded 2.8% year-on-year in the three months through March…
Morning Minute: Oil and Gas With Sass
Good morning, and welcome to RedState's 'Morning Minute' — a brief glimpse at which stories are trending at the moment and a look ahead at what the day may bring. Consider this your one-stop shop for news to kickstart your day. SCOTUS has…
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