Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
U.A.E. Says One Injured at Fujairah Oil Industry Zone
United Arab Emirates' authorities said Saturday specialized teams are working to control a fire that broke out at Fujairah Oil Industry Zone due to fallen debris, causing one minor injury. The debris were due to a successful interception from the…
Stunning turnaround for California's oil industry after Trump's surprise executive order to help ease gas prices
Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The Post has learned. Officials for Sable Offshore…
The Biggest Oil Risk Is at the Bottom of the Barrel
In the oil industry, fuel oil is known as the bottom of the barrel. It's typically cheap, unloved and, crucially, comes from the bottom of a petroleum-distillation tower — the tall piece of refining kit where crude gets heated and cracked…
IEA Says Oil From Emergency Stocks to Flow Immediately in Asia
The International Energy Agency said oil from a record stockpile release will be made available in Asia immediately as buyers in the region clamor to replace barrels lost to war-related disruptions in the Middle East. The agency released a…
US Energy secretary directs oil company to restore operations off California
U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore…
Zelensky accuses EU allies of 'blackmail' in oil pipeline row
James LandaleDiplomatic correspondent, Kyiv Ukrainian President Volodymyr Zelensky has accused European allies of seeking to 'blackmail' Kyiv into reopening a pipeline transporting Russian oil to Hungary and Slovakia. He said restoring the flow of…
Photos show a major fire at a key UAE oil port, a day after the US struck a major Iranian depot
Fire erupted at a critical oil hub in the United Arab Emirates on Saturday amid the ongoing military conflict in the Middle East. Plumes of dark black smoke billowed around the Port of Fujairah, the only multipurpose maritime facility on the UAE's…
Oil Volatility And The Market Impact
The S&P 500 extended its losing streak to three consecutive weeks, the first such run in roughly a year. We have shifted from a “buy the dip” market to a “sell the rip” environment. If the market breaks the 200-DMA, that…
Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran
A handful of Greek shipowners have sent crude oil and dry bulk tankers through the Strait of Hormuz during the U.S.-Israeli war on Iran, risking destruction from mines, missiles and drones for a chance at millions of dollars in quick profits. The…
Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes
Global oil markets face another week of turmoil after a US attack on Iran's main export hub heightened risks to supply across the Middle East, and deepened concerns over a conflict that's already upended global energy flows. President Donald Trump…
Why does the port of Fujairah matter to the oil market?
LONDON — Some oil-loading operations have been suspended in the United Arab Emirates' Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, after a drone attack and fire on Saturday. Why does Fujairah…
Military chiefs mulling use of minehunter drones amid Iran oil blockade
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. Britain is considering sending minehunting…
US Energy secretary directs oil company to restore operations off California
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The 3 habits that could slash energy bills by 25% as oil prices soar
A few simple habits can help with soaring prices As energy costs continue to rise and global oil prices surge, households across the UK are looking for ways to cut their bills without sacrificing comfort. New analysis of hundreds of online…
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