Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Suriname's $26 Billion Oil Bet Is Finally Paying Off
Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to…
Analysis: Trump predicted an oil catastrophe if the war didn't end. The clock is ticking | CNN Politics
Back in June, President Donald Trump justified the signing of a memorandum of understanding with Iran by making some alarming predictions.
Energy sector rallies in July as geopolitical risks drive oil higher (XLE:NYSEARCA)
The sector's 11%+ gains were driven by re-escalating US-Iran tensions, supply disruptions in key oil straits, lower inventories, and Ukrainian attacks impacting Russian refineries. Phillips 66 led gains with +21%, followed by Marathon Petroleum…
Disruptions on multiple fronts put oil markets on the brink * WorldNetDaily * by Neil Atkinson, Real Clear Wire
Collapse of the Memorandum of Understanding sees a resumption of the Iran-U.S. war. The collapse of the Memorandum of Understanding (MoU) between Iran and the U.S.—and the resumption of hostilities—carries serious implications for a…
Shell Says Oil Prices Are Headed Higher for Years. Here's the Case for Buying Oil Stocks.
The geopolitical conflict in the Middle East has made oil prices a near-daily topic of conversation in the media. That's understandable, given the immediate impact that the conflict is having on energy prices. But the really important takeaway from…
Michigan Supreme Court rejects permit for Enbridge oil pipeline under Great Lakes
The Michigan Supreme Court has ordered state regulators to reconsider a key permit that allowed a planned tunnel to carry an oil pipeline under part of the Great Lakes to move forward. The 6-1 decision further clouds the future of the 73-year-old…
Chevron Stock: A Top 2026 Pick For A Higher-For-Longer Oil Market (NYSE:CVX)
The Asian Investor 32.86K Followers Chevron delivered record Q2 profitability, driven by higher crude prices, production growth, and recent Hess acquisition synergies. CVX achieved $12.1B in earnings (386% YoY growth) and $15.4B in free cash flow…
Diesel price shock looms despite petrol relief as oil volatility bites
South African motorists could receive modest petrol price relief in August, but a sharp diesel price increase is expected to raise transport costs and add to inflationary pressures. South African motorists could see marginal relief at the pumps In…
Iran Warns of Retaliation as Trump Threatens New Strikes, Oil Risks Intensify
Iran warned over the weekend that it would respond forcefully to any new U.S. military action, escalating tensions in the Middle East as President Donald Trump reiterated threats of additional strikes on Iranian targets. The growing standoff has…
OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won't help lower prices.
The Organization of the Petroleum Exporting Countries and its allies may decide Sunday to lift their oil production quotas for a sixth straight month — but finding ways to export those extra barrels will be the real problem. The ability for…
Michigan Supreme Court rejects permit for Enbridge oil pipeline under Great Lakes
Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: One year of digital access for only $205 * Enjoy unlimited reading on…
Iran Warns Of Retaliation: Plan To Target Saudi, UAE, Qatar Oil And Gas Facilities If US Strikes
Tehran: Iran has issued a threat of retaliation following reports indicating that US President Donald Trump is considering launching attacks against Iranian energy infrastructure, according to Iran's state-affiliated Tasnim News Agency. The news…
Turkiye and Iraq sign one-year oil pipeline deal amid global shift
Ankara and Baghdad have signed a one-year agreement to keep crude flowing through the Kirkuk-Ceyhan Oil Pipeline that stretches from Iraq to Turkiye, just days after a top-level visit to Ankara by Iraq's prime minister. The deal – struck…
Second camellia oil maker suspended over carcinogen; source questioned - Focus Taiwan
Taipei, Aug. 1 (CNA) A second camellia oil maker in Taiwan has been ordered to halt operations after excessive levels of benzo[a]pyrene (BaP), a known carcinogen, were detected in its products, while the source of its raw materials remains…
Exxon, Chevron warn fuel prices to endure as war knocks refining
High fuel prices are likely to stick around even if oil prices drop in the coming months as the wars in Russia and Middle East leave global refining capacity critically short, ExxonMobil Holdings Corp. and Chevron Corp. warned. Gasoline, diesel and…
Receive a Daily briefing on Oil Industry News
Get Started