Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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.
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…
Brace for a Flood of Oil as Soon as Hormuz Reopens
When the day comes, the reopening of the Strait of Hormuz will be an extraordinary event: restarting about 10,000 oil wells, pumping roughly 15% of the world's production, that had been shut down for a hundred days and counting. Nothing even…
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…
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…
US Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap
Equities looked set for more losses after a tech-led selloff on Wall Street Friday and a robust jobs report fueled expectations for an interest-rate hike by the Federal Reserve. Oil jumped after Iran fired missiles at Israel. Equity-index futures…
Stock markets fall and oil jumps as Middle East conflict intensifies and AI boom falters - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Stock markets across Asia-Pacific countries are in retreat today, as investors fear a rise in US interest rates, renewed conflict in the…
Oil Rises on Israel-Iran Escalation, U.S. Tech Futures Climb
Oil rose sharply in early European trade after Israel and Iran exchanged waves of attacks in a serious escalation of regional hostilities, threatening the progress of a long-awaited peace deal. U.S. Treasurys weakened and the dollar rose following…
Starmer calls for return to ceasefire as Iran-Israel clashes push up oil price
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. Sir Keir Starmer said he was “deeply…
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