Oil Industry News
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Daily on Energy: Oil prices, Europeans cut back on driving, and upcoming events
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…
Iran War Upends the Global Oil Industry: Kiplinger Special Report
To help you understand what's going on in the economy, domestic and global, our highly experienced Kiplinger Letter team keeps you abreast of the latest developments and forecasts (Get a free issue of The Kiplinger Letter or subscribe). You'll get…
Why Houthi threats on Red Sea shipping could mean more pain for oil markets
Yemen's Tehran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters…
After All That Hype, Trump's Arctic Oil Lease Sale Raised a Laughable $3.7M
When the Trump administration announced its plan to open the coastal plain of Alaska's Arctic National Wildlife Refuge (ANWR) to oil and gas drilling in 2025, officials claimed the lease sale would be a boon for American energy dominance.
China's Oil Imports Plunge to Eight-Year Low on War Disruptions
China's buying of oil from overseas slumped to the lowest in more than eight years last month as the Iran war crimped supply and Beijing held off scrambling for replacement barrels. Crude imports fell to around 33 million tons in May, according to…
Texas regulators assess $1.1 million in oil and gas penalties
(World Oil) – The Railroad Commission of Texas (RRC) assessed more than $1.1 million in enforcement penalties against operators and businesses during its latest open meeting, continuing the agency's oversight of the state's oil and gas…
Miliband urged to visit Aberdeen amid oil and gas 'extinction' accusation
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Energy Secretary Ed Miliband has been urged…
Oil Edges Higher Amid Ongoing Supply Disruption Concerns
2337 GMT — Oil edges higher in early trade amid ongoing supply disruption concerns. While Iran and Israel signaled they would refrain from further escalation in hostilities, Yemen's Houthis announced there would be a complete ban on Israeli…
Oil rises and stock markets under pressure as Middle East conflict steps up
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have risen and stock markets are under…
Ukrainian strikes set off fires at oil facilities in Russia and Crimea
KYIV, Ukraine — Ukrainian forces struck oil facilities in Russia and occupied Ukraine, Ukrainian and Russian officials said Monday, as part of their campaign to make Moscow pay an economic cost for the war. Separately, Ukraine's President…
Explainer-Why are the Houthis threatening to attack Red Sea shipping and what does it mean for oil markets?
June 8 - Yemen's Iran-aligned Houthis said on Monday that they would ban ships linked to Israel from the Red Sea after Israel renewed its military attacks on Iran, adding to concerns about global shipping and energy flows. This is why it matters…
Oil Prices Surge as Iran Conflict Flares - TT
Israel and Iran traded fire early June 8. A man looks at the wreckage of an Iranian missile that landed near the West Bank city of Jericho. (Mahmoud Illean/AP) Oil prices surged as Israel launched airstrikes early June 8. The latest attacks further…
Oil Supertanker Orders Eclipse Record Set in 2008 - TT
Ships under construction sit below cranes at the Samsung Heavy Industries shipyard in Geoje, South Korea. (SeongJoon Cho/Bloomberg) Shipowners have ordered a record 262 supertankers, surpassing the 2008 peak as strong earnings during the Iran war…
Ukrainian strikes hit oil sites in Russia and Crimea
Marharyta Nekhoroshyva holds her son Mark inside a shelter at the children's regional hospital of Zaporizhzhia, Ukraine, on Thursday, May 7, 2026. (AP Photo/Evgeniy Maloletka) KYIV, Ukraine (AP) — Ukrainian forces struck oil facilities in…
Biscathorpe farm aims to keep oil site despite decommission plan
Eleanor Maslin East Yorkshire and Lincolnshire A farm is seeking permission to keep a former oil well site on its land, despite previous plans for it to undergo restoration work. The plans by developer Egdon Resources to drill on the site in…
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