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.
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…
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
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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…
Daily on Energy: Oil touches four-year highs, ethanol, and NJ eyes nuclear
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…
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…
Oil briefly hits 4-year high
Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international…
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…
Petrobras Output Hits Record as Iran War Jolts Oil Markets
Petrobras pumped record oil and gas volumes in the first quarter and ran its refineries near full capacity, underscoring Brazil's growing importance to global energy markets disrupted by the Iran war. Oil and gas production rose 16% on year to 3.23…
California Oil Driller That Sold No Crude Paid CEO $76 Million
The CEO of California oil driller Sable Offshore Corp. was awarded a $76 million pay package in 2025, making him one of the highest paid oil and gas industry leaders in the US even as his company sold no crude. The bulk of Jim Flores's compensation…
Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around…
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%…
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…
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