Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Shares Fall as Oil Prices Are Little Changed -- Energy Roundup
Shares of companies in the energy sector fell as oil prices hovered around $80 a barrel while the U.S. and Iran battled for control of the Strait of Hormuz. U.S. crude oil inventories fell last week as exports picked up from the week before and…
Viper Energy (VNOM) Completes Riverbend Oil and Gas IX Acquisition
Viper Energy Inc. (NASDAQ: VNOM) is one of the 10 oversold NASDAQ stocks to invest in right now. On July 1, Viper Energy Inc. (NASDAQ:VNOM) announced that it had concluded the acquisition of Riverbend Oil and Gas IX. Viper paid roughly $337 million…
Applied Computing wants to give oil and gas operators an AI model for the entire plant
Applied Computing, a London-based startup that's building a foundation AI model for the oil, gas and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Founded in 2023…
Hair oil and scalp oil are not the same thing (and using the wrong one can backfire)
Walk down the hair care aisle or scroll your For You page and you'll find no shortage of products promising shinier, stronger, faster-growing hair — many of them oils. At the same time, there are a ton of oils on the market made specifically…
Oil prices rise as Iran threatens to block energy exports - TT
Ships anchored off Oman near the Strait of Hormuz in June. (AFP/Getty Images via Bloomberg) Oil prices rose as Iran threatened to block Middle East energy exports. President Donald Trump announced July 13 that the U.S. blockade of Iranian ports was…
The Avocado Oil Boom Has A Fraud Problem, New Study Suggests
Almost all processed foods on grocery store shelves claiming to be made with avocado oil actually contain cheaper substitute oils, according to a new study by University of California Davis researchers who say a supply-chain accountability gap is…
Modern-day alchemy: mining oil from plastic waste in rural Korea
SEOUL, July 16 (UPI) -- Call it modern-day alchemy: a technology that extracts oil from discarded plastic and plastic film, in a factory with no smokestack, not even a wisp of smoke -- and now, improbably, in commercial operation in a quiet rural…
US attacks oil tanker in strait of Hormuz as strikes reported in Tehran
The US has fired on an oil tanker attempting to reach Kharg Island in the strait of Hormuz as part of its blockade on Iranian ports, as Tehran came under attack for the first time in this latest round of strikes. The US said on Thursday morning it…
The refined fuel shortage, not oil prices, is what matters
American consumers do not put oil into their gas tanks. America's truckers do not fuel their rigs with crude oil, and the nation's commercial aircraft do not fly on oil. Consumers buy gasoline. Trucks run on diesel, and airlines depend on jet fuel.
Oil Rises Amid Prospects of Escalating Mideast Conflict
2346 GMT — Oil rises in the early Asian trade amid prospects of an escalating Middle East conflict. President Trump is leaning toward expanding U.S. military operations in Iran after days of briefings from top aides, U.S. officials said.
U.S. Crude Oil Stockpiles Post Weekly Withdrawal
U.S. crude oil inventories fell last week as exports picked up from the week before and refineries raised their capacity use, according to data released Wednesday by the U.S. Energy Information Administration. Commercial crude oil stocks excluding…
Oil prices lower despite US intensifying strikes against Iran
Oil prices were lower early Thursday but were still at elevated levels as the US intensified its strikes against Iran, while Iran targeted missile and drone fire on Kuwait and Bahrain. Brent crude, the international standard, dropped 0.4 per cent…
Asia Stocks Set for Choppy Start, Oil Ticks Higher: Markets Wrap
Crude oil extended gains as the US launched fresh strikes on Iran, raising concerns that Middle East tensions will further disrupt energy supplies. Stocks in Asia are set to open mixed. West Texas Intermediate traded above $80 a barrel after adding…
Diamondback Energy (FANG) Is Amongst The Oversold NASDAQ Stocks Amid Oil Price Dip
Diamondback Energy Inc. (NASDAQ: FANG) is one of the 10 oversold NASDAQ stocks to invest in right now. On June 29, Morgan Stanley reduced the price target on Diamondback Energy Inc. (NASDAQ:FANG) from $229 to $216. Despite this downward adjustment…
Iraqi Militia Vows To Disrupt Any Future Iraq-Syria Oil Pipeline: US 'Stealing Our Oil
US and Iraqi officials are set to conclude a major energy deal as part of Prime Minister Ali al-Zaidi's visit to Washington this week, according to Iraqi officials cited by AP Wednesday. 'An agreement is slated to be signed Friday between Iraq, US…
Receive a Daily briefing on Oil Industry News
Get Started