Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Is Trump coming for oil industry profits?
President Donald Trump returned to office last year promising to unleash fossil fuels to power U.S. energy production. But the Iran war has sparked months of persistently high gasoline prices, threatening GOP fortunes in the midterm elections, and…
Africa's Oil and Gas Opportunity Is No Longer Just About Finding More Oil
Photo taken on March 25, 2026 shows vehicles getting refueled at a petrol station in Johannesburg, South Africa. Africa's oil and gas industry is entering a new investment cycle. But unlike previous periods of enthusiasm, the continent's…
I'm Bullish On Energy Without Relying On Oil Prices (NYSEARCA:XLE)
Energy sector returns have been driven by supply disruptions, but future demand from AI-driven data centers supports sustained infrastructure volume growth. the Global X MLP & Energy Infrastructure ETF (MLPX) offers efficient exposure to midstream…
Oil prices decline as IEA forecasts a decline in demand
Aug. 13 (UPI) -- The price of crude oil was on the decline on Thursday after the International Energy Agency projected a decline in demand later this year. Brent crude oil prices, the international benchmark, fell by 45 cents to $88.53 per barrel…
Oil moves higher as U.S. threatens 'economic isolation' of Iran
Oil prices rose early Friday after the U.S. said its naval blockade of Iranian ports could continue 'indefinitely', reigniting concerns over energy flows through the critical Strait of Hormuz. Brent futures, the international oil price benchmark…
Oil Edges Lower Amid Mixed Signals
2335 GMT — Oil edges lower in early trade amid mixed signals. On one hand, there are signs of oil flows rising, ANZ Research analysts say in a research report. “Persian Gulf producers such as the U.A.E. and Saudi Arabia are said to be…
Nymex Overview: Oil Futures Retreat on Demand Concerns, U.S. Stock Build -- OPIS
Crude oil futures retreated midday Thursday amid concerns over weaker global demand and a large U.S. crude inventory build, while ongoing disruptions to traffic through the Strait of Hormuz continued to support prices. As of 11:40 a.m. ET, the…
Current price of oil as of Aug. 14, 2026
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Hormuz Stalemate Raises Risk of $120 Oil
For months now, traders and market analysts have had to weigh two opposing scenarios for oil prices—the ongoing war and severely disrupted oil flows at the Strait of Hormuz and hopes that a U.S.-Iran deal would free up millions of barrels of…
Ukrainian drones strike major oil refinery deep inside Russia, setting it ablaze
KYIV, Ukraine (AP) — Ukrainian drones struck a major refinery deep inside Russia, military officials said Thursday, the fourth in three days in Kyiv's ongoing campaign to choke Moscow's vital oil sector. Russia is one of the world's biggest…
Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
Aug 14 (Reuters) - Oil prices rose on Friday and were on track for weekly gains after the United States threatened an indefinite naval blockade of Iran, raising concerns about disruptions to crude supplies from the Middle East. Brent…
Ukraine's drones hit a major Russian oil refinery 800 miles from the border
Ukrainian drones struck a major refinery deep inside Russia, military officials said Thursday, the fourth in three days in Kyiv's monthslong campaign to choke Moscow's vital oil sector. Russia is one of the world's biggest energy producers, with…
A small Texas company's bid to create a Greenland oil boom-and a Dr. Phil documentary-is delayed but undaunted
Amid the tensions spurred by President Donald Trump's proclaimed desire to annex Greenland, one Texas driller made plans to create an oil boom along the Danish territory's sparsely populated east coast. But those aspirations are now facing repeated…
Oil falls on weaker demand outlook and higher US stocks
LONDON, Aug 13 (Reuters) - Oil prices declined on Thursday as investors assessed prospects for weaker global demand this year and higher U.S. crude stocks, though prices found support from a lack of progress in talks over the blockaded…
Stocks rise as traders reduce rate hike bets, oil prices drop
By Chris Prentice and Stefano Rebaudo NEW YORK/MILAN, Aug 13 (Reuters) - Stocks rose on Thursday as investors pared back U.S. rate hike bets, while oil prices dropped as higher inventories and lower global demand forecasts offset geopolitical…
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