Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Peppermint oil lowers blood pressure in just 20 days
Date: August 22, 2026 Source: Summary: Peppermint oil may have an unexpected benefit for people with mildly high blood pressure. Adults who took a small dose twice daily for 20 days saw their systolic blood pressure fall by an average of 8.5 mmHg…
Trump Administration Claims Massive Oil Flows Through Hormuz But Industry Data Raises Questions
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on Tuesday, an extraordinary figure that remains difficult to square with commercial shipping…
Somali pirates hijack oil tanker off Yemen in latest attack
Email Address: I consent to the Terms and Conditions, Cookie and Privacy Policies. I consent to CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited…
Why Shell and the Other Oil Majors Aren't Price Gouging
The energy sector is inherently volatile, with oil prices often fluctuating rapidly and dramatically. Wall Street seems to forget this fact every time the energy sector goes through yet another big price swing. Right now, volatility is high, and so…
Can This 6.3% Yield Survive if Oil Crashes Again?
If you are looking to add some yield to your portfolio, Energy Transfer 's (ET -0.09%) 6.3% distribution yield will likely be attractive to you. The one caveat is that it operates in the energy sector, and the last time the sector was in a…
Somali pirates hijack oil tanker off Yemen in latest attack
MOGADISHU, Somalia -- Somali pirates hijacked an oil products tanker off Yemen, a Somali maritime security official said, the latest in a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and…
Iran Allows Iraqi Oil Tankers Through Strait of Hormuz
Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after repeated requests from Baghdad, offering limited relief as regional tensions continue to disrupt one of the world's most important energy routes. Iran's…
Trump says oil companies are 'making too much money.' Their own balance sheets agree
When Chevron reported its highest quarterly profit in six years on July 31, 2026, it was just one detail in a larger picture: Analyst firm Wood Mackenzie estimates the global oil and gas industry is on course for a cash windfall of US$495 billion…
Six EU nations reportedly push windfall tax on oil giants
Six EU nations want the bloc to introduce a windfall tax on oil companies' “excessive profits” linked to price hikes caused by the US-Israeli war on Iran, several media outlets reported on Saturday, citing a joint letter from the…
North Sea oil and gas: Burnham's dilemma
There's no mistaking the message of this summer's wildfires, said Rebecca McQuillan in The Herald. It's that we need “to stop procrastinating and cut emissions, fast”. But is Britain ready to accept this fact of life and act on it?
Leave the Oil in the Ground
I'd like to respond to the letter by Gerald Quindry in last week's Independent. His general idea is we need to drill oil here specifically because we need oil for chemical feedstocks, fertilizer, lubrication, roads, etc. I find this idea self…
Saudis Shuttle Oil North On Tankers To Evade Houthis
Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom's exports via the Bab el Mandeb chokepoint in the south.
Heaven on Earth' £62 body oil that makes skin 'so soft' falls to £12 in deal
A body oil hailed ‘Heaven on Earth' by users has seen a huge price cut as part of an online beauty deal. Aromatherapy Associates are best known for their luxury bath and body formulas, and their de-stress body oil, worth £62, works out…
Iran Opens Hormuz Route for Iraq Oil Ships: What It Means for Indian Fuel Prices | Dynamite News
Post Published By: Subhash Raturi Updated: 22 August 2026, 2:31 PM IST Tehran: Iran has allowed several Iraqi oil tankers to pass through the strategically important Strait of Hormuz after repeated requests from Baghdad, bringing fresh attention to…
Oil Stocks To Keep An Eye On - August 22nd
The 2026 Blueprint: 6 Stocks for a Brand New Portfolio ExxonMobil, Chevron, ConocoPhillips, Marathon Petroleum, Valero Energy, Phillips 66, and Targa Resources are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool.
Receive a Daily briefing on Oil Industry News
Get Started