Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Covert Mideast Oil Flows Are Keeping Global Prices in Check
Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on. The trade of…
Geopolitical Tensions, Crude Oil Prices, & FOMC Minutes to Influence Indian Stock Market
Analysts predict that global geopolitical tensions, particularly concerning the Strait of Hormuz and the US-Iran standoff, alongside crude oil price movements and the Federal Reserve's policy outlook, will be the primary determinants of Indian…
Peter Thiel Reports Stake in Argentine Shale Oil Exporter Vista
Peter Thiel's hedge fund acquired a sizeable stake in Vista Energy SAB, Argentina's top oil exporter, increasing his ties to the South American country after recently buying a mansion in Buenos Aires. Thiel Macro LLC reported owning almost 1.2…
Chinese Hengli Group company primary importer of sanctioned Iran crude oil
Hengli Group, a Chinese company that employs over 300,000 people and earns over $100 billion per year, is a primary importer of Iranian crude oil, The Wall Street Journal reported on Saturday, citing industry analysts, shipping brokers, and the US…
This Oil Dividend Just Got a Raise. Here's What It Means for Shareholders.
On the dividend front, the energy sector certainly isn't suffering from the summertime blues, as a plethora of pipeline stocks have delivered higher payouts in recent weeks. Count Delek Logistics Partners (DKL +3.27%), which operates in some of the…
Trump's Iran war leaves US oil reserves so low caverns risk damage
America's emergency oil stockpile has dropped to its lowest level in 40 years, with experts warning that ongoing withdrawals for the war with Iran could permanently damage the underground caverns holding the crude. The warnings arrive as American…
Ghee, Oils Worth Rs 35 Lakh Seized After Food Authority Raids In Gujarat
Samples of all the seized products were collected for testing. Summary is AI-generated, newsroom-reviewed Gujarat seized over Rs 35 lakh worth of suspected adulterated ghee and oils in raids Surat factory operated without license, producing…
Binman settles debate on where to put used cooking oil
For those who frequently cook at home, there's a specific kitchen by-product that can prove particularly problematic if not disposed of correctly. Used cooking oil poses difficulties, particularly when you've accumulated a significant quantity, for…
Iran's oil is trapped while rivals' exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold
The U.S. can't fully reopen the Strait of Hormuz, and Iran can't stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while…
Major new North Sea oil and gas drilling licences could be granted within weeks
Major new North Sea oil and gas drilling licences could be granted within weeks, the Sunday Mail understands. The controversial Jackdaw and Rosebank fields would secure around 3500 Scottish jobs and boost the UK economy by £28billion over…
£40 Tefal pan that 'cooks without oil' drops below £25 in flash sale
Shoppers have praised the 'very, very non-stick' pan (not pictured, file photo) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Most of us could do with eating a little healthier than…
Geopolitical developments, crude oil major driving factors for market movement this week: Analysts
Trading activity in the stock market this week will depend on the developments surrounding the Strait of Hormuz, the US–Iran standoff and crude oil, analysts said. With the quarterly earnings season now over, investors would also monitor the…
Russian Forces Strike Oil Refinery in Poltava Region Producing Fuel for Ukrainian Military
'In Kremenchug, Poltava region, the largest oil refining facility - the Kremenchug oil refinery, which produces fuel and lubricants for the Ukrainian armed forces - was struck,' the statement read. The ministry added that the plant's surviving tank…
Oil spill hits Oman shores: How are slicks cleaned, why is it concerning for Gulf
As Oman battles the spread oil spill threatening its marine wildlife — known to be one of the worst in the region — the focus has shifted towards human intervention causing major collateral damage to nature. On August 6, the transport…
Oil prices retain highs - Trump says 'I'll never apologize'
Published August 16th, 2026 - 08:09 GMT ALBAWABA - The oil market finds no reprieve as the Iran war continues to stifle supply and drive up prices through shortages and insurance premiums. Trump, who ran on a campaign avoiding lengthy and expensive…
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