Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Global South race toward green energy amid oil shocks
The US-Iran conflict, alongside subsequent oil price spikes, is forcing developing countries like Nigeria and Sri Lanka to rapidly overhaul their energy strategies. Both nations are increasingly leaning on solar power despite significant financing…
Saudi Arabia's Houthi Challenge Shifts Fears to Non-Oil Economy
Saudi Arabia's oil industry managed to ride out concerns in the early days of the Iran war and keep exports flowing. Now, with the Houthis staging deadly attacks on the kingdom and signs of disruption stacking up, the worry has shifted to the rest…
Ovintiv Announces Agreement to Acquire Montney Oil Producer, Logan Energy Corp.
Transaction Unlocks Incremental Profitability, Provides Additional Oil Growth Optionality, and Adds to Premium Return Drilling Inventory Agreement reached to acquire Logan Energy Corp. for C$1.40 per share in cash for total consideration of…
Political battle intensifies within Labour over Rosebank oil field
Paris Gourtsoyannis Westminster correspondent, BBC Scotland Scottish Labour leader Michael Marra is wading into the political battle which is intensifying over the Rosebank oil field. He is making a direct appeal to Energy Secretary Miatta…
This Texas startup is turning oil well waste into EV batteries
Across the Permian Basin, the vast, mineral-rich swath of land in West Texas that supplies much of the nation's crude oil, derricks pump out massive amounts of oil, roughly 6 million barrels a day. But that amount pales in comparison with the…
Gold gains on softer oil prices; Fed decision in focus
Gold edged higher on Monday as softer oil prices tempered inflation concerns, while investors awaited the Federal Reserve's policy decision later this week. SCROLL TO CONTINUE WITH CONTENT Spot gold rose 0.4 percent to US$4,010.51 per ounce by 0544…
Stubborn oil stains will vanish 'like magic' with simple step before washing
The clothes we wear can have a tremendous impact on how we feel from day to day, and there are few things more frustrating than discovering they've been ruined by stubborn stains and marks. Not only can stains spoil the look of your favourite…
Oil Declines on Likely Technical Correction
0211 GMT — Oil prices decline in Asian trade on likely technical correction after Brent futures ended last week at the highest level since April this year. The increase in Brent oil futures last week reflected growing supply fears, says…
US Equity Futures Climb as Crude Oil Price Dips: Markets Wrap
US equity-index futures advanced and crude oil retreated after a volatile week, with investors bracing for megacap earnings that will test the artificial intelligence trade and key central bank decisions. Nasdaq 100 Index futures rose 0.5% and…
Market Winners Stall As Oil Prices Revive Inflation Fears
Commodities and stocks continue to drive solid gains in global asset allocation strategies in 2026, based on a set of ETFs tracking the major asset classes through Friday's close. The WisdomTree GCC Commodity ETF is up nearly 26% so far in 2026…
As Trump brags about U.S. oil and gas company profits, his stocks gained millions during Iran war
Washington — As President Trump boasts about how much money the U.S. oil and gas industry is making from the war with Iran, the president's personal holdings in oil and gas are now worth between $22.5 million and $81.6 million, compared with…
Saudi Arabia to store crude oil in Singapore to bolster Asia supply security
Saudi Arabia plans to store crude oil at Singapore's Jurong Rock Caverns from the second half of 2027 to strengthen supply security in the region, energy ministers from both countries said on Monday. SCROLL TO CONTINUE WITH CONTENT The move comes…
Asia Pays Top Dollar For Canadian Oil Amid Slump in US Prices
Canadian heavy crude is fetching near-record premiums across the Pacific, bolstering the case for the country's plan to build a new pipeline to its west coast. A barrel of Canadian Cold Lake crude delivered to South Korea traded at a record $9.50 a…
Oil inches higher, stays near six-month highs on Saudi attacks
NEW YORK — Oil prices inched higher after falling more than $2 a barrel on Monday, as persistent attacks on key producer Saudi Arabia kept investors wary and prices near six-month highs, even as diplomatic efforts to resolve the conflict in…
Singapore to Store Saudi Oil in Underground Caverns From 2027
Singapore will store Saudi Arabian oil in caverns in the city-state from the second half of next year, part of a plan by the kingdom to cope with disruptions from the US-Iran war. The crude will be held in the Jurong Rock Caverns, in a…
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