Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Seed Oils In Sunscreen: How Companies Can Address Consumer Concerns
Yannick Rigg is Director at Vizor, advancing material science to protect humanity through expertise and innovation in sun protection. Seed oils have become one of the most polarizing ingredients in the health conversation. Once discussed mainly in…
Indian Oil to Trim Term Deals With Gulf Producers For Next Year
Indian Oil Corp. plans to reduce the amount of crude purchased under term contracts with Middle Eastern producers next year, according to a person familiar with the matter, as attacks in the Persian Gulf continue to threaten supply routes. India's…
Oil prices jump on elevated risk in Strait of Hormuz - TT
A truck drives past a fuel price board at a gas station on Oct. 20 in San Francisco. (Jeff Chiu/AP) Oil prices have soared due to the Iran war and fuel costs have followed with the risks of transiting the Strait of Hormuz. Brent's price has been…
Oil Prices Rise as Hormuz Shipping Risks Persist
Oil prices rose Wednesday, rebounding from the previous session's losses as traders weighed renewed threats to shipping through the Strait of Hormuz and attacks targeting Saudi Arabia against a recovery in Middle East oil exports. December Brent…
The Secret Terms of Trump's Venezuelan Oil Deal
Corporate Firewall: The oil deal is designed to prevent future U.S. presidents and Venezuelan leaders from changing or dismantling the enterprise. Hidden Investors: Some of the Trump administration's partners could remain anonymous, hidden behind a…
Marco Rubio's unusual India stop puts billionaire's vast oil empire in the spotlight
Secretary of State Marco Rubio is visiting an unexpected location during his trip to India, heading on Wednesday to a small coastal city in the western state of Gujarat that houses the world's largest oil-refining hub. The city, Jamnagar, hosts a…
Indian Markets Fall: Banking, Financial Stocks, Crude Oil Prices Weigh on Sentiment
Indian equity markets witnessed a second consecutive day of losses, with the Sensex and Nifty declining due to a significant sell-off in banking and financial stocks, elevated crude oil prices, and persistent foreign institutional investor selling.
Oil prices climb as traders assess Middle East developments
Oil prices climbed on Wednesday as escalating supply risks in the Middle East keep investors on edge. Attacks on tanker near the Hormuz Strait and on Saudi Arabian facilities by Iran-backed Houthis have Anadolu | Anadolu | Getty Images Oil prices…
Goldman Sachs Says War Spurs Sevenfold Jump in Oil Freight Rates
Global shipping costs for oil have surged about sevenfold over the past year because of the war in the Middle East and they are likely to remain elevated, according to Goldman Sachs Group Inc. The average rate for hauling crude has surged above $20…
IEA ready to go if further oil stocks release needed, chief says
The International Energy Agency is ready to coordinate more emergency oil releases by member countries if needed, its boss said on Tuesday, while it spurs the release of diesel under existing plans to help cool surging prices. SCROLL TO CONTINUE…
Here's why Rubio is visiting a small Indian city home to world's largest oil-refining complex
U.S. Secretary of State Marco Rubio is in India, and on Wednesday he is heading to an unlikely destination: a small coastal city in western India that has the world's largest oil-refining complex. The city of Jamnagar in India's Gujarat state is…
Texas oil and gas industry reports job losses over the month, gains over the year
(The Center Square) – The Texas oil and natural gas industry again reported job losses in the upstream sector in September as it has in previous months. Over the year, it reported gains. Upstream oil and natural gas employment decreased…
Higher Oil Prices Are Like To Stay
Last months the Trump administration was loudly claiming that Iran had lost control of the Strait of Hormuz. Some ‘experts' even claimed that the flow of oil was back at a pre-war level. Both of those claims were not true but short term…
Indonesia Haze Threatens Tiny Bugs That Power Palm Oil Output
The smog blanketing parts of Southeast Asia is threatening an army of tiny-but-crucial workers in the region's palm industry — beetles that pollinate the trees and help keep the world supplied with the most-consumed vegetable oil. Dense…
Oil Rises Amid Attacks on Vessels in Strait of Hormuz
0043 GMT — Oil rises in early Asian trade amid attacks on vessels in the Strait of Hormuz, a key waterway for oil transportation. Iran's Islamic Revolutionary Guard Corps said that “two non-compliant” oil tankers struck mines…
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