Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iranian oil minister says it sold $18b. of oil during war, ceasefire
Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100…
Oil, Tariffs, And War Hit Markets Together (SP500)
Markets are confronting a rare three-way shock: war in the Middle East, renewed shipping disruption, and a broader U.S. tariff wall. Brent near $100 matters far beyond energy stocks. It threatens consumer spending, corporate margins, and the Fed's…
Idle, aging oil platform raises alarm for Dongara's fishers
Posted Sun 26 Jul 2026 at 10:03am Fisherman and conservationists have sounded the alarm over the uncertain future of an oil rig after its owners entered voluntary administration. Pilot Energy planned to work with Triangle Energy to repurpose the…
Tatiana Bailey: How we can bypass oil trade volatility
Because of the continuing crisis in the Strait of Hormuz and its impact on oil prices, I've recently learned some interesting information I'd like to share with you. The word “strait,” as in Strait of Hormuz, actually means…
From the strait of Hormuz to the North Sea, a global maritime war rages around us - and more than the price of oil is at stake | Simon Tisdall
The US military campaign to protect merchant shipping from Iranian attacks by asserting direct maritime control in the strait of Hormuz is not an idea unique to Donald Trump's administration. Almost exactly 200 years ago, in the period 1825-27, a…
West Asia Conflict, US Fed Rate Decision, Crude Oil Prices: Key Market Drivers This Week
This week, global markets are poised for significant volatility as investors closely monitor the evolving West Asia conflict, the US Federal Reserve's crucial interest rate decision, and the impact of crude oil price fluctuations on inflation and…
Interest rate hold provides relief, but oil prices pose inflation threat
The South African Reserve Bank kept interest rates unchanged, with economists and property experts saying the decision provides certainty while warning that volatile oil prices remain the biggest risk to inflation and future rate decisions. The…
Oil Near $100 Puts Fed and Peers in Interest-Rate Spotlight
From Washington to London to Tokyo, central bankers are set to reveal just how worried they are about a return of oil to about $100 a barrel. Three days of Group of Seven rate decisions, starting with the Federal Reserve on Wednesday, followed by…
Huge oil tanker explodes near Iran after Trump pauses strikes
Video purports to show the oil tanker on fire A huge oil tanker has exploded in the Straight of Hormuz after hitting a mine, according to the state's semi-official Tasnim news agency. The vessel was reportedly struck after straying from a route…
New front in US-Iran war escalates as Houthis fire at Saudi oil facilities
Tehran-backed Houthi forces in Yemen have fired missiles and drones at two of Saudi Arabia's most strategically important oil facilities on the Red Sea, in a major escalation of the latest simmering regional conflict to be reignited by the war…
Yemen's Houthis target Saudi oil facilities along the Red Sea
Yemen's Houthis say they have targeted oil facilities in Saudi Arabia owned by Aramco, in the latest escalation between the two sides. Saudi authorities say they intercepted the missile and drone attacks. Yousef Mowry has more details from Sanaa.
Oil tanker explodes in Strait of Hormuz after hitting naval mine, says Iran
2 min read New Delhi Make us preferred source on Google An oil tanker exploded in the Strait of Hormuz after colliding with a naval mine outside a navigation route designated by Iran, Tehran's state-affiliated media reported on Sunday. The oil…
Every Time President Trump Talks About Iran, Oil Prices Move. Here's the Pattern Investors Should Watch.
Oil is on the rise again amid flaring tensions in the Middle East. That's not remotely shocking, given the Strait of Hormuz's importance. The Strait is effectively closed right now. Roughly 20% of the world's oil moves through that single sea…
Look beyond the 'No Palm Oil' label
E-commerce platforms, supermarkets, and even grocery retailers today are flooded with packaged food products prominently advertised as “No Palm Oil.” It is no surprise, therefore, that palm oil has become one of the most misunderstood…
Houthis Fire On Saudi Red Sea Oil Sites
By Federico Maccioni, Timour Azhari and Eman Abouhassira RIYADH, July 25 (Reuters) – Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on Saturday and Saudi-backed forces bombed the…
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