Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

independent.co.uk - Reuters Correspondents - Qatar condemns 'dangerous' attack on oil industry facilities in southern Iran
Qatar condemns 'dangerous' attack on oil industry facilities in southern Iran
The Independent

Some facilities belonging to Iran's oil industry in South Pars and Asaluyeh were attacked on Wednesday, semi-official Tasnim news agency in Iran reported. Tasnim said petrochemical facilities in South Pars were targeted, adding that the extent of…

cnbc.com - Pippa Stevens - Vice President Vance to meet with oil industry as White House plans more actions to address fuel prices
Vice President Vance to meet with oil industry as White House plans more actions to address fuel prices
CNBC

Vice President JD Vance and Energy Secretary Chris Wright will meet Thursday with the oil industry. The White House will announce more actions to address fuel prices, Vance said. Diesel prices have topped $5 per gallon for the first time since 2022…

dailymail.co.uk - Sabrina Penty - Oil rockets to $108 a barrel as 'markets hit panic mode
Oil rockets to $108 a barrel as 'markets hit panic mode
Mail Online

Oil prices have soared to nearly $110 per barrel amid Iranian reports that a facility in the world's largest natural gas field has been hit in an airstrike. Brent oil was quoted at 108.21 dollars a barrel at the time of the London equities close on…

washingtonexaminer.com - Callie Patteson - Daily on Energy: Jones Act waived, the latest on oil prices, and Cuba pushes back
Daily on Energy: Jones Act waived, the latest on oil prices, and Cuba pushes back
Washington Examiner

This week, the administration is getting creative with solutions aimed at bringing down prices. It also issued a general license allowing U.S. companies to buy oil directly from PdVSA, further easing Venezuelan sanctions.

timesleader.com - Both sides in Iran war ratchet up attacks on energy facilities, as oil prices surge
Both sides in Iran war ratchet up attacks on energy facilities, as oil prices surge
Times Leader

DUBAI, United Arab Emirates — Israel kept up its campaign of targeting Iran's leaders on Wednesday, killing the country's intelligence minister, and an Iranian offshore natural gas field was struck in a sign of the war's mounting pressure…

businessinsider.com - Jennifer Sor - A top energy consultant says oil prices could spike above financial-crisis records and spark an economic downturn
A top energy consultant says oil prices could spike above financial-crisis records and spark an economic downturn
Business Insider

The pain in oil markets can continue, according to a top energy consultant who thinks the price of crude could soar to levels last seen during the 2008 crisis. Bob McNally, the president of Washington, DC-based Rapidan Energy Group and a former…

washingtonexaminer.com - Callie Patteson - Why oil and gas prices are up despite US 'energy independence
Why oil and gas prices are up despite US 'energy independence
Washington Examiner

It is true that, in the first Trump administration, the U.S. began, for the first time in decades, producing more energy than it consumes, and exporting more energy than it imports. But that is not the same as saying that the U.S. does not need…

marketwatch.com - Jamie Chisholm - Oil prices dip after Iraq resumes oil exports via pipeline to Turkey
Oil prices dip after Iraq resumes oil exports via pipeline to Turkey
MarketWatch

Oil prices fell early Wednesday as the resumption of some crude exports from Iraq eased fears about restricted supplies from the war-torn region. U.S. West Texas Intermediate crude futures dropped 1.7% to $94.60 a barrel, while Brent crude futures…

bloomberg.com - Iran oil Etc
Iran oil Etc
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

pbs.org - Fatima Hussein, Associated Press - U.S. eases sanctions on Venezuelan oil as Trump seeks to boost world oil supply during Iran war
U.S. eases sanctions on Venezuelan oil as Trump seeks to boost world oil supply during Iran war
PBS

Separately, the White House said Trump would waive, for 60 days, Jones Act requirements for goods shipped between U.S. ports to be moved on U.S.-flagged vessels. The 1920s law, designed to protect the American shipbuilding sector, is often blamed…

newsweek.com - John Feng - Iran oil flows from Strait of Hormuz with US blessing-for now
Iran oil flows from Strait of Hormuz with US blessing-for now
Newsweek

It was business as usual this week for Iran's oil industry despite daily airstrikes by the United States and Israel including the recent targeted bombing of the country's main export hub. Newsweek reported this week that suspected Iranian tankers…

dailymail.co.uk - Ross Ibbetson - Trump launches frantic bid to tame oil chaos but there's fatal flaw
Trump launches frantic bid to tame oil chaos but there's fatal flaw
Mail Online

Donald Trump has launched a frantic bid to tame spiraling oil prices by temporarily waiving a century-old shipping law that bars foreign-flagged vessels from carrying cargo between US ports. The 60-day Jones Act waiver suspends a 1920 law designed…

theguardian.com - Lauren Aratani - Trump waives US shipping law for oil and gas in bid to lower prices
Trump waives US shipping law for oil and gas in bid to lower prices
The Guardian

Donald Trump is trying to make it easier for foreign tankers to move around the US, temporarily allowing foreign-flagged ships carrying oil and gas to travel between US ports, the White House announced Wednesday. The move comes as the president…

marketwatch.com - U.S. Crude Oil Inventories Rise by 6.2M Barrels
U.S. Crude Oil Inventories Rise by 6.2M Barrels
MarketWatch

Commercial crude-oil stockpiles, excluding the Strategic Petroleum Reserve, rose by 6.2 million barrels to 449.3 million barrels in the week ended March 13, and were 1% below the five-year average for the time of year, the EIA said. Analysts…

newsweek.com - Andrew Stanton - Trump's Jones Act waiver: How oil prices could be impacted
Trump's Jones Act waiver: How oil prices could be impacted
Newsweek

President Donald Trump will issue a 60-day waiver of the Jones Act in its latest effort to curb rising gas prices amid the war in Iran, press secretary Karoline Leavitt announced on Wednesday. “President Trump's decision to issue a 60-day…

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