Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Can Colombia's New Government Reverse the Nation's Oil and Gas Decline?
In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought…
Oil Giants Warn Energy Market to Worsen as US-Iran Strikes Resume
Italian energy giant Eni warned that the situation could deteriorate in the short term amid declining global oil reserves and increased competition for energy resources, CEO Claudio Descalzi said in an interview with Il Sole 24 Ore.'We all believed…
Ukrainian attacks on Russia kill 1 as Kyiv continues to target oil tankers and refineries
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The volatile AI trade marched higher, but oil kept Wall Street on edge last week
Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran…
Watch: Morano on Fox on Canada's U-turn toward MAGA oil & gas energy policies - 'This is Trumpism & Trump's energy policies coming to Canada, & Justin Trudeau's legacy going down the toilet now'
Fox Business – Evening Edit – Broadcast July 9, 2026 Marc Morano: It's about time Canada owned up to the disaster that was Justin Trudeau, with all his virtue-signaling on climate that had real economic impacts for Canadians. I've…
Ukrainian attacks on Russia kill 1 as Kyiv continues to target oil tankers and refineries
A Ukrainian attack in southwest Russia killed one person and wounded three more, local officials said Sunday, as Kyiv's forces continued to bombard Russia's oil facilities. The head of Russia's Samara region, Gov. Vyacheslav Fedorishchev, said that…
Oil Is Below $76. So Why Is Bitcoin Still Below $65,000?
The price of Brent crude oil surged after the start of the current Iran conflict on Feb. 28 and the resulting Strait of Hormuz closure. It jumped 63%, from $72.28 on Feb. 27 to $118.35 at its 2026 high on March 30. De-escalation helped drive the…
U.S. launches new strikes on Iran as standoff threatens chronic Persian Gulf oil instability
President Trump ordered another round of U.S. airstrikes on Iran overnight Saturday after Iranian forces attacked a Cyprus-flagged container ship near the Strait of Hormuz, according to U.S. Central Command. The latest U.S. strikes targeted Iran's…
The '80s Had A RAM And Oil Crisis Too - Here's What We Can Learn From It
Volodymyr TVERDOKHLIB/Shutterstock History has a way of repeating itself, and the RAM crisis of today isn't an entirely new problem. In the late 1980s, people were buying quite a lot of personal computers, which meant PC manufacturers needed to buy…
Bounce May Fade in Oil Futures
Oil prices snapped a four-week decline, as there was a recovery last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($76/barrel) and crude oil futures in the domestic market (₹6,814/barrel) gained 5.4 per cent and 3.7…
Solar panel firm calls for future green policy certainty
North East and Cumbria political editor A solar panel company which is planning to create hundreds of jobs is calling for certainty from politicians to aid its expansion. Power Roll currently employs around 35 people at its test plant in Murton…
Solar panel firm calls for future green policy certainty
A solar panel company which is planning to create hundreds of jobs is calling for certainty from politicians to aid its expansion. Power Roll currently employs around 35 people at its test plant in Murton, County Durham, where it is developing…
Global oil demand is falling, and crude prices are down. But here's why gasoline, diesel and other refined products are still costly
Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1 million barrels…
Oil firm ordered to suspend production
The Food and Drug Administration (FDA) yesterday ordered the preventive removal of three batches of oil products produced by Central Union Oil Corp (CUOC). The agency said it received CUOC's first report on June 30, stating that a batch of soy…
Crude Oil fades another war spike as the ceasefire dies its daily death
West Texas Intermediate (WTI) Crude Oil trades at $70.98 on Friday, down 1%, after a European-morning climb to $72.83 met a wall of New York selling that drove the barrel to a $70.70 session low inside two hours. The escalation premium built off…
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