Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
World running short of supertankers threatens long-haul oil flow
The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available…
Hormuz oil shipments hit six-month high, U.S. military commander says
Oil and liquefied natural gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that U.S. naval protection and mine clearance efforts are “paying off,” a regional U.S.
The Houthis: a new threat to oil supplies
“The Iran war is metastasising,” said Adrian Blomfield in The Telegraph. Having evolved into a struggle for control of the Strait of Hormuz, the conflict is now threatening another key oil-shipping route. One of the reasons that…
Jim Cramer Notes Oil Is Behind Pressure on Casey's (CASY) and Texas Roadhouse (TXRH)
Starting the lightning round on September 17, when a caller mentioned that they bought back Casey's General Stores, Inc. (NASDAQ: CASY) after listening to the conference call, Mad Money host Jim Cramer remarked: I think that was a very wise move.
Centcom: Over 1B crude oil barrels passed through Hormuz strait in recent months
U.S. Central Command (Centcom) Admiral Brad Cooper said Saturday that U.S. forces supported the transport of over 1 billion crude oil barrels through the Strait of Hormuz “in the last couple of months” despite an ongoing exchange of…
Moscow Oil Refinery Targeted By Ukraine Drones, Russia Energy War Escalates | Dynamite News
Post Published By: Rishira Jain Updated: 20 September 2026, 10:13 AM IST Moscow: A Ukrainian drone strike on Sunday reportedly targeted Russia's Kapotnya oil refinery in Moscow, bringing the battle over energy infrastructure into the centre of the…
Oil shipments through Strait of Hormuz have hit six-month high: CENTCOM
“Clearly, momentum is building,” Cooper said, adding that the primary transit lanes had been cleared of mines and that thousands of ships had passed through the waterway. “The volume of crude oil, cargo, and liquid natural gas…
Trump's F-35 Bet Outsources War to Saudi Arabia as Oil Prices Soar
The White House's decision to greenlight the sale of advanced F-35 fighter jets to Saudi Arabia marks the latest example of President Donald Trump 's efforts to shift the burden of Middle East deterrence to regional partners. It's a risky bet. The…
Houthis claim attack on Saudi capital in fresh oil supply fears
Riyadh | The Houthi militia in Yemen said on Saturday (Sunday AEST) that it had attacked Saudi Arabia's capital and oil facilities with a barrage of missiles and drones, a significant escalation in the renewed war between the kingdom and the…
Two dead in massive Ukrainian drone attack on Moscow region, oil refinery
Two people died in one of the biggest Ukrainian drone attacks on the Moscow region and an oil refinery in Russia's capital was hit, authorities said on Sunday, as Russia enters the final day of parliamentary elections. Ukraine and Russia have…
Houthis Claim Missile, Drone Attacks on Riyadh and Saudi Oil Hub
Yemen's Houthis said they launched missile and drone attacks on “sensitive” sites in Saudi Arabia's capital Riyadh on Saturday, escalating a conflict that has increasingly threatened the kingdom's cities, energy infrastructure and oil…
We've been free-riding off Beijing in a weird way' - Oil prices are high but could be much worse. Trump has China's Xi to thank for that
When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride.
Micheál Martin hints at home heating oil tax cut in Budget 2027
The Taoiseach has hinted that a reduction in tax on home heating oil could feature in the upcoming Budget. Micheál Martin stated that the Government is 'conscious' of the global impacts on fuel and energy prices, and is examining all aspects…
Voices from the Arab Press: Red lines in Syria, Azerbaijani oil, and Anwar Sadat
Okaz, Saudi Arabia, September 5 As the Quran tells us, only your Lord himself, full of majesty and honor, will remain. Nothing remains except the face of the one possessed of majesty and honor. That is the rule governing the universe. Which brings…
Cuba Hit With National Power Grid Collapse As Oil Sources Dry Up
Cuba's power grid collapsed once again this week, this time at a national level, leaving millions of people across the island without electricity. This is the sixth time since the US cut off fuel sources to the island since January that the…
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