Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Graham on Iran: I Want to 'Hurt Them More' by Wrecking Oil Industry
Israel-First GOP Senator Lindsey Graham wants President Trump to order more bombing of Iran's civilian infrastructure and to “hurt them more,” and apparently doesn't care that Republicans might well lose the midterms because of…
Trump administration extends Russian oil sanctions waiver for 'most vulnerable nations'
The Trump Administration is extending a waiver that allows some Russian oil to be purchased despite sanctions on Moscow, as the war in Iran leads to higher gas, oil and energy prices. The policy is intended to help nations that are the most…
Why Oil Hasn't Hit $150-Yet
TOPSHOT - In this picture obtained from Iran's ISNA news agency on May 4, 2026, vessels are pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. Iran's Revolutionary Guards on May 4 denied that any commercial ships had…
Watch Formentera Partners on Oil Markets, Iran War Impact
Formentera Partners on Oil Markets, Iran War Impact Bryan Sheffield, Managing Partner at Formentera Partners, discusses the impact from the Iran war and outlook for the energy market. He speaks with Paul Allen from the sidelines of the Australian…
Exciting Times for Alaska Energy: Pikka Project Now Reaching First Oil
Whenever some proposed new oil or natural gas project is under discussion, the refrain from the left, environmentalists, and climate scolds (but I repeat myself threefold), as part of their objection, proclaim 'but no new oil/gas will be extracted…
A Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn't As Big As 1973
1973 Sorry No Gas Sign Beside Gas Pumps At Service Station Due To OAPEC Oil Crisis. Whether the 2026 crisis will approach the severity of the 1973 embargo remains to be seen, but it is unlikely. H. Armstrong Roberts/ClassicStock As the world…
FTSE 100 up amid calmer bonds but oil rises again
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. The FTSE 100 closed higher on Monday, recouping most of…
Oil Slips as Trump Spurs Optimism Over Iran Deal: Markets Wrap
Oil dropped and US equity-index futures edged up after President Donald Trump said he was holding off on fresh military strikes, boosting hopes for a deal that could end the war and revive energy flows through the Strait of Hormuz. West Texas…
Trump extends Russian oil sanctions waiver for most vulnerable nations
The waiver was extended in April, and officials, including Bessent, indicated that it would not be renewed. A source familiar with the decision to extend the waiver told Reuters that the second extension was required by poor and vulnerable nations…
Oil Falls as Supply-Disruption Concerns Ease
0005 GMT — Oil falls in early trade amid easing supply-disruption concerns. President Trump said he would hold off on a planned U.S. attack on Iran at the request of Gulf leaders to make room for talks with Tehran over a prospective deal to…
Brazil's Record Oil Production Comes at a Crucial Moment for Global Markets
Recent oil price shocks in response to the closure of the Strait of Hormuz underscore the importance of oil-producing countries outside of the Middle East. One of the most important is Brazil, Latin America's largest economy and oil producer. The…
India Weighing Edible Oil Import Duty Hike to Support Farmers
India is considering a request by the domestic vegetable oil industry to raise import duties, potentially increasing taxes on another major commodity just after a hike in gold tariffs. The world's top edible oil buyer is examining whether higher…
Maduro ally deported to US over alleged billion-dollar corruption scheme tied to oil, food program
A close ally of ousted Venezuelan President Nicolás Maduro has been deported by Venezuela to the United States, according to Venezuelan officials, to face federal charges accusing him of orchestrating a sweeping money laundering and bribery…
Bloomberg Surveillance: Oil Sanctions on Iran
The economy and the markets are 'under surveillance' as we cover the latest in finance, economics and investment. Listen to Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern for the top interviews from Bloomberg Surveillance Television. And join…
EPA takes on PFAS, an annual EV fee proposal, and Russian oil waiver
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…
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