Oil Industry News
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Ukraine blasts Russian oil refinery over 2000km away in latest long-range blitz
Ukrainian drones have struck an oil refinery in Russia's Tyumen region over 1,200 miles from Ukraine, Volodymyr Zelensky has said. In his nightly video address on Saturday, the Ukrainian president offered thanks to the military's special…
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to shortages caused by Ukraine's recent campaign against…
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Nick Beake, Europe correspondent in Ukraine and Maia Davies Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to…
Ukraine attacks Russian oil assets, causing Crimea to halt fuel sales
Ukraine targeted a Russian port and fuel transit terminals in the Kerch Strait overnight from Saturday to Sunday, President Volodymyr Zelensky said. Videos from social media show fiery explosions at a port late at night, with thick smoke…
US, Iran Peace Talks Underway in Switzerland, Oil Exports, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Gold, Silver Prices: US-Iran Talks, Crude Oil, Macro Data to Influence Bullion Trend
Gold and silver prices are poised for significant movement next week, driven by crucial US-Iran negotiations, volatile crude oil markets, and a slew of global macroeconomic data, according to market analysts. US-Iran negotiations in Switzerland are…
Oil Glut Bets Are Back in Play as Crude Sinks After US-Iran Deal
A slew of all-but-forgotten niche option positions betting on an oil glut are coming back into play as crude futures slump following a peace deal between the US and Iran. Before the US attacked Iran, some traders had bet that a surplus of crude oil…
Energy secretary forecasts more price declines, says oil traffic through strait already back to 'normal
Secretary of Energy Chris Wright said Sunday that oil traffic through the Strait of Hormuz is 'already back to normal' after the U.S. and Iran signed a preliminary agreement to reopen the critical waterway while negotiators spend the next two…
India Increases Russian, UAE Oil Purchases as Strait of Hormuz Recovers
India has significantly ramped up its crude oil imports from Russia and the United Arab Emirates in June, strategically securing supplies as the critical Strait of Hormuz reopens, while continuing its diversification efforts to mitigate supply…
US-Iran Talks, Crude Oil Prices, FII Trading to Influence Indian Stock Market This Week
Indian stock markets are poised for a volatile week, with investor attention firmly fixed on the crucial US-Iran talks, fluctuating crude oil prices, and the trading patterns of foreign institutional investors, all of which will significantly…
Ukraine strikes hit oil facilities in Crimea, Russia's Krasnodar
At least four people have been killed in Ukrainian drone attacks on Crimea that have hit an oil depot and fuel facilities that Russia uses to supply its forces, Russian-installed authorities say. Crimea's Moscow-installed leader, Sergey Aksyonov…
Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?
The US-Israel war on Iran closed the strait of Hormuz, through which about a third of the world's crude oil travelled in 2025. Oil is refined into petrol, diesel and other fuel products. Without oil, the world was at risk of being unable to produce…
Iran Resumes Kharg Island Oil Loadings After US Blockade Lifted
Iran has resumed loading crude from its Kharg island export terminal after a break of about six weeks, following the lifting of a US Navy blockade of its ports. Three very large crude carriers, each capable of hauling about 2 million barrels of…
China's Hydrogen-Powered Plane Might Be The Answer To The Oil Crisis
The Aero Engine Corporation of China recently conducted a successful test flight of an innovative 900-kilowatt hydrogen-powered turbo-shaft engine in the Hunan province of China. The flight was completed on April 4, with the AEP100 engine fixed to…
ASX on edge as Iran's Strait of Hormuz closure halts oil price drop
Iran's claim that it has closed the Strait of Hormuz has cast doubt over a peace deal with the United States and threatens to trigger a fresh jump in crude prices, stoking fears that inflationary pressures could force the Reserve Bank to lift…
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