Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How a small oil-sharing project in ASEAN offers hope beyond energy security
MANILA – Just six months ago, while South-east Asia was reeling from a fuel crisis triggered by the Middle East conflict, the idea that ASEAN member states would be able to band together to build a regional oil stockpile had seemed…
This California Oil Field Has 65,000 Solar Panels - Here's Why
The idea of a solar farm assisting with oil-pumping operations may sound incongruous, but that's exactly what's happening at the Lost Hills oil field in California. Developed by solar company SunPower for oil giant Chevron, the facility's 65,000…
3 oil tankers catch fire after hitting naval mines in Hormuz
Three oil tankers exploded and caught fire after striking naval mines in and around the Strait of Hormuz, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy and Armed Forces' Navy said on Saturday, as Iranian forces warned vessels against…
Nigeria's Refined Oil Sales to Britain Reach £1.017 Billion
Britain's refined-oil imports from Nigeria reached £1,017.3 million in the 12 months through June 2026, making processed fuel the largest category in their goods trade and marking a shift from crude, UK data show. The refined-oil figure was…
Brent oil rises as US light crude prices decline
Oil prices have recorded mixed movements on international markets, with Brent crude edging higher while US benchmark Light crude registered a slight decline. Brent crude futures traded on London's ICE (Intercontinental Exchange Futures) rose by…
SNP backlash on oil and gas gives Greens a campaign boost
Scottish Greens sources said that some of the new members had previously been in the SNP and had joined the Greens as they opposed Mr Swinney's stance on the North Sea. 'We are picking up grumblings from the SNP with people unhappy with the current…
October Oil Supply Exceeded Demand as Russian Crude Output Rose
The International Energy Agency (IEA) said oil supply moved above demand in October for the first time since the Iran war began, while diesel stayed tight and a U.S. license authorized covered Russian diesel transactions. Global supply reached…
Iraq PM targets powerful militia stronghold in $30m oil smuggling probe
Iraq's PM Ali al-Zaidi has dismissed nine senior security officials over an alleged oil smuggling network worth up to $30m monthly, in a move targeting a Kataib Hezbollah stronghold. Al Jazeera's Peter Smith has the latest from Baghdad. Published…
Iraq PM sacks nine officials over oil smuggling in pro-Iran stronghold
Iraq's Prime Minister Ali al-Zaidi has dismissed nine senior security officials over an alleged oil smuggling operation in the Jurf al-Nasr area, a stronghold of the Iran-backed Kataib Hezbollah group. Al-Zaidi chaired an emergency security meeting…
Three Oil Tankers Catch Fire After Hitting Naval Mines in Hormuz: Iran's Navy
Tehran: Three oil tankers exploded and caught fire after striking naval mines in and around the Strait of Hormuz, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy and Armed Forces' Navy said on Saturday (local time), as Iranian forces warned…
What California's Oil Supply Means for America's Future | Michael Mische & James Rector
California's economy, including its farms, depends on a steady fuel supply. In 2025, more than 60 percent of the crude oil delivered to the state's refineries came from foreign sources, according to the California Energy Commission. A new study…
Trump To Extend Shipping Waiver For Oil, Fertilizer For 90 Days
Nov 14, 2026 (Bloomberg) –President Donald Trump is giving energy companies and traders more time to transport oil and other commodities around the US on foreign-flagged ships, renewing a policy intended to lower fuel costs. Trump has…
Helping elephants keep to their lanes: Can palm oil millions save Borneo's forest and wildlife?
KUALA LUMPUR – Malaysia's palm oil industry, whose activities have played a role in destroying Borneo's ancient rainforests, has been funding conservation projects in a bid to improve its public image and comply with regulations. Across…
From waste oil to mining fuel: The company aiming to cut WA's reliance on imported diesel
The ongoing war in the Middle East has had a dramatic impact on the price of fuel across the nation, with diesel prices specifically climbing to never-before-seen heights, adding significant costs to WA's mining and agriculture industries. Now an…
WPI inflation, crude oil prices and FII activity to steer stock markets this week
Updated - November 15, 2026 at 03:06 PM. | New Delhi WPI inflation data, foreign investor trading activity, crude oil prices, and developments in West Asia will drive investor sentiment this week, analysts said. Globally, US retail sales, Nvidia's…
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