Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Shares Slip as Oil Prices Pull Back -- Energy Roundup
Shares of companies in the energy sector fell alongside oil futures, as markets keep an eye on on-again-off-again talks to restore shipping traffic in the Strait of Hormuz. BP said its deputy chief executive, Carol Howle, plans to retire later this…
Rising Oil Prices and Interest Rates Hurt Thor Industries (THO) in Q1
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the 'Madison Mid Cap Fund'. The Madison Mid Cap Fund (Class I) declined 4.28% in the quarter, compared to the Russell Midcap Index's 1.29% return. A…
Best Body Oils 2026 - Forbes Vetted
Body oils are the unsung hydrating heroes of skincare. They offer many of the same benefits as a body lotion, but they're better at creating a barrier to lock in moisture. I consulted with deputy editor Jane Sung and licensed massage therapist…
Oil Futures Rise on Possible Technical Recovery
2336 GMT — Oil futures rise in early Asian trade on a possible technical recovery after the futures posted their sharpest quarterly drop since 2020 on Tuesday. Oil futures may also be supported by uncertainty over control of the Strait of…
Ukrainian drone attacks on oil refineries plunge Russia into a summer fuel crisis
The lines are growing at Russian gas stations -- and so is the frustration and uncertainty as several months of Ukrainian attacks have set oil refineries ablaze and choked supplies for motorists across the vast country. Fuel rationing has been…
North Sea oil and renewables: The UK's next PM faces a defining energy policy decision
Andy Burnham could face pressure over whether to expand North Sea oil drilling or prioritize renewables. The debate comes amid energy security concerns tied to Iran, Russia's war in Ukraine and UK fuel exposure. Rosebank and Jackdaw are central…
Why oil prices are stabilizing
Every tit for tat missile strike between the U.S. and Iran matters only if traders believe a significant volume of oil will be permanently removed from the global market. As dramatic as the headlines may be, oil traders are increasingly convinced…
S. Korea Eases Crude Oil Crisis Warning
The Lee Jae Myung administration has decided to lower the nation's energy security crisis warning for crude oil by a notch in the four-tier system to Level Two, or “caution.” Vice Industry Minister Moon Shin-hak announced the change…
Consumer Stocks Mostly Lower as Oil Prices Waver-- Consumer Roundup
Stocks in the consumer sectors were mostly lower as the full reopening of Hormuz remains elusive. The Conference Board consumer confidence index ticks higher to 91.2, although below WSJ consensus of 94.2. Amazon will pay $2.25 million in civil…
Abu Dhabi Proposes New Oil-Pricing System to Mirror Wider Market
The UAE's biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that's more aligned with wider regional trading norms.
Watch Oil Market Still Regulating Despite 'Flare Ups' Says Samantha Dart
Oil Market Still Regulating Despite 'Flare Ups' Says Samantha Dart Samantha Dart, co-head of global commodities research at Goldman Sachs, said that markets haven't reacted to 'flare ups' in the Strait of Hormuz because US energy exports and China…
Goldman Flags Up Oil Surplus Even as Nations Rebuild Stockpiles
The global oil market is set to swing back into oversupply as the impact of the Iran war fades and traffic through the Strait of Hormuz recovers, according to Goldman Sachs Group Inc. While purchases of crude to replenish strategic reserves are…
Oil Steadies as Peace Talks, Flows Through Hormuz in Focus
Oil steadied after the biggest quarterly drop since the pandemic as traders monitored peace talks between the US and Iran and the return of shipping through the Strait of Hormuz. West Texas Intermediate traded near $70 a barrel, after losing almost…
Oil Prices Head for Biggest Quarterly Drop Since Pandemic
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the…
S. Korea Eases Energy Crisis Warning after Securing Alternative Supply Routes for Crude Oil
Anchor: South Korea's energy security crisis warning for crude oil will be lowered a notch, from “alert” to “caution,” as the nation has managed to diversify its supply routes for crude from the Middle East. The decision…
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