Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The war for oil that backfired: Trump's 'energy dominance' illusion
When President Trump launched his war on Iran, attention fixed on missiles, drones and the risks of escalation. The real story lay elsewhere: a grandiose and ultimately reckless vision of American “energy dominance ” that helped…
The Flip Side to Iran War Oil Spike Is Energy Spending Rebound
This article is for subscribers only. To get Industrial Strength delivered directly to your inbox, sign up here. Significant exposure to oil and gas markets was an albatross for manufacturers for the better part of the past decade amid a pullback…
Oil shock may accelerate Malaysia's energy transition - experts
A geopolitical flashpoint thousands of kilometres away is rippling through Southeast Asia, exposing a familiar vulnerability: the region's deep reliance on imported fossil fuels. Since late February, tensions between the United States and Iran have…
Oil prices rise after Trump speech
The Dow Jones Industrial Average was down roughly 600 points after the Thursday opening bell, falling 1.3 percent on the morning. The S&P 500 was also down 1.3 percent and the Nasdaq composite was down 1.7 percent. Oil prices were also up sharply…
Why crude oil price is trending | CNN Business
Oil prices spiked again on Thursday after President Donald Trump's primetime address did little to calm investors' fears on an end to the Iran war. CNN's John Towfighi explains how that impacts prices at the gas pump. Discover more videos…
S. Korea Working to Expand Imports of US Oil
The government and oil industries are working to expand imports of U.S. oil to address disruptions in energy supply stemming from the Middle East crisis. A trade source told Yonhap News on Thursday that the nation's four oil refineries are working…
When the Strait of Hormuz fully reopens, this will be crucial to global oil markets
No one yet knows when the Strait of Hormuz will fully reopen, but rebuilding and repairing the energy infrastructure in the Middle East and restoring production throughout the region — following more than a month's worth of destruction from…
Here's what smart people in markets are saying about another spike in oil prices
Oil prices surged after President Trump spoke about the war in Iran on Wednesday night, fueling a sharp reversal in the relief rally seen earlier in the week. WTI crude gained as much as 14%, while Brent climbed 8% at intraday highs. Both are…
U.S. Oil Futures Rise 11.4% in Wake of Trump Address
U.S. oil futures notched their biggest daily gain since they were climbing back from the Covid crash six years ago to close out a holiday-shortened week at $111.54 a barrel. Energy futures trading is closed tomorrow for Good Friday. Benchmark oil…
Now even SNP backs more North Sea oil and gas with Miliband isolated
Ed Miliband is looking increasingly isolated over North Sea oil and gas curbs today after the SNP shifted stance in light of the Middle East crisis. The Net Zero Secretary insisted yesterday that breaking the UK's reliance on fossil fuels is the…
Swinney softens stance on North Sea drilling as oil prices soar
Angus CochraneSenior political journalist, BBC Scotland First Minister John Swinney has signalled a softening of his stance on new oil and gas drilling in the North Sea. The SNP leader said that energy security should be considered in any new…
Oil price jumps and markets slide after Trump warning to Iran
Oil prices soared and stocks sank after Donald Trump vowed in a televised speech to hit Iran “extremely hard” over the coming weeks, knocking investors hopes of a near-term end to the conflict in the Middle East. Brent crude prices…
Dallas Fed: Geopolitical conflicts creating uncertainty for U.S. oil and gas industry
(The Center Square) – A new quarterly Dallas Fed Energy Survey indicates the U.S.-Israeli conflict with Iran and other geopolitical conflicts are negatively impacting and creating uncertainty for the U.S. oil and natural gas industry. Oil…
Canada's Diesel-Rich Synthetic Crude Oil Triples in Four Days
Synthetic Canadian oil prized by refiners for its rich diesel output tripled in a matter of days amid a worldwide clamor to secure supplies of the truck and train fuel. The oil produced via special processing of bitumen from Alberta's oil sands is…
Drones Target Rosneft Oil Refineries in Russia's Bashkortostan
Drones targeted oil refineries in Russia's Bashkortostan republic on Thursday morning, causing fire in an industrial area of the regional capital Ufa, according to authorities. “Several drones were shot down while approaching oil refineries…
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