Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Will more Americans embrace renewable energy after the latest oil price surge?
View all episodes As the impact from the war in Iran grinds on, Americans are feeling it at the gas station. Evangelists for clean energy say the oil shock is an opportunity to embrace the transition to renewable power like wind and solar. With…
Watch This Map Shows the Future of Oil
This Map Shows the Future of Oil The Strait of Hormuz could be changed forever, explains Bloomberg Opinion columnist Javier Blas.
Tourmaline Oil Corp. stock rises Friday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.41% higher to C$61.20 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.65% to 33,695.76. Tourmaline Oil Corp.
'Cancelling orders' in China: Hormuz oil crisis hits transport and manufacturing
As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and…
Valero Pulls Back on Mexican Oil After Texas Refinery Blast
Top independent US oil refiner Valero Energy Corp., the largest buyer of Mexican crude, has cut purchases from the country to a trickle in April as it struggles to restart its Texas refinery following an emergency total shutdown. The company has…
Japan's Middle East oil habit gets an Iran war reality check
Japan 's energy security has long hinged on Middle Eastern oil. The Iran war simply exposed how breakable that lifeline had become. While a two-week ceasefire agreed on Tuesday promises some relief by reopening the Strait of Hormuz to tanker…
Why China's green energy strategy may shield it from the Iran war oil shock
China's green energy transition is expanding from a domestic security priority into a potent geopolitical asset at a time of heightened global uncertainty, according to the latest official reading of the country's 15th five-year plan. That shift…
North Sea oil hits record high... so WHY won't Red Ed drop Net Zero?
Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE North Sea oil prices have surged to a record high – piling pressure on Labour to abandon Ed Miliband's 'mad ideology' and allow lucrative…
Two arrested over spate of used cooking oil thefts
Two people have been arrested in connection with a spate of used cooking oil thefts in York. North Yorkshire Police said the suspects were detained by officers from Humberside Police after they stopped a van linked to a previous theft in the York…
Small oil refinery in outback Queensland could be on cusp of expansion
As Queensland looks for more oil, a small outback refinery has proven critical for the exploration process and now expansion is on the cards. The Inland Oil Refinery has operated in Eromanga for more than 40 years, creating small amounts of…
How the US oil blockade is bad for Cuba's health
President Donald Trump's oil embargo against Cuba is putting a severe strain on the nation's once-renowned free healthcare system, fueling supply shortages that have worsened since the COVID-19 pandemic. The challenge was recognized by Cuban…
Mexico's 'Energy Sovereignty' Dos Bocas Oil Refinery Hit By Major Fire
One of Mexico's largest refineries, with a processing capacity of 340,000 barrels per day, appears to have suffered a fire in its coke storage area, marking the second incident in less than a month. The Dos Bocas refinery, built by Pemex in the…
'Economic civil war': States push laws to shield oil and gas companies from accountability
Across the country, Republican-led state legislatures are passing a slate of laws that effectively shield oil and gas companies from legal claims that they are responsible for the destruction and mounting toll caused by climate change. Fifteen laws…
The Price Gap That's Scrambling the Outlook for Oil
What is the price of oil? There isn't just one—and the gaps between them are making the impact of the Iran oil shock hard to gauge. Benchmark futures slid below $100 a barrel in recent days after President Trump announced a ceasefire with…
Lawmakers fear oil giants will pocket $1.8b diesel subsidy
The Hong Kong government is seeking HK$1.8 billion in funding for a proposed diesel subsidy for commercial sectors, but the plan was met with skepticism from legislators who fear the money will be absorbed by oil companies rather than benefiting…
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