Oil Industry News
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Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A Scottish Conservative win in Aberdeen South…
Norway oil industry maintenance workers launch strike
A Norwegian union representing offshore oil workers announced a strike on Monday (June 15, 2026) by maintenance workers after failing to reach a collective wage agreement regarding the maintenance and servicing of oil wells, which the Norwegian…
CPI(M) seeks permanent closure of oil industrial unit
The Erode Taluk Committee of the Communist Party of India (Marxist) [CPI(M)] has urged the district administration to permanently close an oil industrial unit at Moolakarai in Koorapalayam village and implement the District Coordination Committee…
Oil Flows Will Remain Uncertain
MUSCAT, OMAN - MARCH 30: A police speed boat patrols the port as oil tankers and high speed crafts sit anchored at Muscat Anchorage near the Strait of Hormuz on March 30, 2026 in Muscat, Oman. (Photo by Elke Scholiers/Getty Images) Years ago, an…
China's top coal region to expand coal-to-oil output in energy security push
China's top coal-producing region plans to build the country's largest base for turning coal into oil, gas and chemicals to help reduce reliance on imports, highlighting how the Iran war has sharpened China's focus on energy security. SCROLL TO…
Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
The Conservative leader is visiting the constituency on Tuesday ahead of Thursday's by-election. Ms Badenoch has been vocal that the party is pro-drilling in the North Sea and said voting for the Tories would “revitalise” the…
Peak oil demand arrives sooner than expected
The U.S.-Israeli-Iran war may be remembered for many things, not least the closure of the Strait of Hormuz, the reshaping of Middle Eastern geopolitics and the damage done to the global economy. But another consequence is less obvious: The largest…
Nikkei 225 breaks 70,000 on hopes for peace and a stable supply of oil
The Nikkei 225 stock average topped 70,000 for the first time ever on Tuesday as peace negotiations advance in the Middle East and after the Bank of Japan voted to raise its benchmark rate to 1%, from 0.75%. With the U.S. and Iran reaching an…
Oil Futures Rise on Likely Technical Recovery
2336 GMT — Oil futures rise in early Asian trade on a likely technical recovery after futures settled overnight at their lowest level since March 4. Also, the pace of oil-prices' downward correction may be limited to some extent as…
Shippers and oil giants seek clarity on U.S.-Iran peace deal
A U.S.-Iran deal intended to reopen the Strait of Hormuz within days has left many of the world's top shipowners, traders and oil producer nations seeking clarity about the terms of the pact that's pivotal to the global economy. Some Persian Gulf…
International Petroleum Corporation Corporate Update: Blackrod Phase 1 First Oil Achieved
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce first oil has been achieved at Phase 1 of the Blackrod project, ahead of schedule and on budget. The Blackrod Phase 1 development project began…
Oil Slide Brings Little Relief to Hard-Hit Philippine Consumers
Oil's much-awaited decline may offer little respite for hard-hit consumers in the Philippines, where local pump prices were quick to skyrocket but could take up to a year to normalize. Energy supplies will need time to restart despite Iran and the…
China's Oil Refiners Slash Output After Crude Imports Plunge
Chinese oil refiners sharply reduced output last month to the weakest level in nearly four years, after the country's crude imports plunged to an eight-year low due to the near-halt to shipments from the Persian Gulf. Aluminum, another commodity…
Middle East Oil Markets Weaken on Optimism Over Increased Supply
Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region. The forward curve for benchmark crudes like Dubai and Murban flipped into contango…
Flynn says SNP will 'fight to protect' oil and gas while also backing renewables
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The SNP will “fight to protect”…
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