Oil Industry News
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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…
No, the Iranian Oil Industry Isn't About to 'Explode
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.
Opinion: Shocks to global oil industry keep hitting home
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…
From Oil To Critical Minerals: The Next Energy Security Risk
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…
UAE Exits OPEC+ Alliance: What it Means for Global Oil Markets and Energy Strategy
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…
Righting a free oil market
By many accounts, these are the days of resource nationalism. China tries to control exports of its rare earth minerals. The United States restricts certain exports of advanced computer chips. Even a few West African countries that dominate cacoa…
Trump Discussed Extended Blockade With Oil Executives - TT
Chevron confirmed that CEO Mike Wirth attended the meeting. (David Paul Morris/Bloomberg News) President Donald Trump discussed steps the U.S. could take to prolong its blockade of Iran during a meeting with oil and trading industry executives…
Daily on Energy: Trump sits with oil execs, tropical forest loss, and Burgum reacts to court loss
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
An Untapped Energy Goldmine Is Buried Beneath the US-and No, It's Not Oil
When we think of critical energy resources, oil, wind, coal, and sunlight are some of the first to come to mind. But one key mineral plays an essential role in keeping the electric grid running, and the U.S. Geological Survey just discovered a vast…
Energy hoarding will keep oil prices high even after the Iran war ends, a top consultant says
A key assumption in the oil market for decades has been dismantled by the Iran war, and it could lead countries to hoard energy supplies, a consultant said. Bob McNally, the president and founder of Rapidan Energy Group and a former White House…
A key oil producer is quitting OPEC at a critical moment for the market
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…
Trump Discussed Extended Blockade With Oil, Commodities Chiefs
President Donald Trump discussed steps the US could take to prolong its blockade of Iran during a meeting with oil and trading industry executives Tuesday, as the Middle East war continues to drive up prices for crude and other commodities. The…
Dissents, oil shocks, and the future of the Fed: 3 takeaways from Powell's last rate decision as chair
After eight years, Jerome Powell is clocking out. The Federal Reserve opted to hold rates steady at its third meeting of 2026, which was Powell's last as head of the central bank. From oil shocks to Fed leadership, here are Business Insider's…
Turning oil into opportunity as Uganda nears first oil
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…
Shocking UAE exit rocks OPEC, but group will still hold significant sway over the oil market
UAE leaving OPEC will have huge ramifications. One year from today, I believe UAE oil production will be over 4 million barrels per day (mbd). But OPEC will still hold significant sway over markets. Oil tanker company earnings are going to soar…
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