Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump's deal lifts oil sanctions on Iran, angering hawks
President Trump's peace deal with Iran offers waivers on U.S. sanctions on Iranian oil, one of multiple facets of the agreement that is angering Iran hawks, including some Trump allies. Critics worry that relaxing the sanctions bolsters the economy…
Moscow oil refinery attack brings Russia's war with Ukraine closer to home
Steve Rosenberg Russia editor, Moscow There are moments when life in Moscow feels completely normal. Thursday morning wasn't one of them. In the south-east of the city an oil refinery had been hit during a Ukrainian drone attack - even from a…
Moscow oil refinery attack brings Russia's war with Ukraine closer to home
There are moments when life in Moscow feels completely normal. Thursday morning wasn't one of them. In the south-east of the city an oil refinery had been hit during a Ukrainian drone attack - even from a distance the sight was surreal. Thick smoke…
Petrol prices in Australia are now lower than before the Iran war began. Is the oil crisis over and what happens next?
The US-Israel war on Iran closed the strait of Hormuz, through which about a third of the world's crude oil travelled in 2025. Oil is refined into petrol, diesel and other fuel products. Without oil, the world was at risk of being unable to produce…
US-Iran Talks Stall as Fighting On in Lebanon, Oil Flows, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Iran Can Now Sell Oil. How Fast Can It Ramp Up?
President Trump's deal with Iran will allow the Islamic Republic to sell its crude and fuels like diesel on the open market for the first time since 2018. The pact—signed by Trump and by Iran's President Masoud Pezeshkian this…
Iran Resumes Kharg Island Oil Loadings After US Blockade Lifted
Iran has resumed loading crude from its Kharg island export terminal after a break of about six weeks, following the lifting of a US Navy blockade of its ports. Three very large crude carriers, each capable of hauling about 2 million barrels of…
China's Hydrogen-Powered Plane Might Be The Answer To The Oil Crisis
The Aero Engine Corporation of China recently conducted a successful test flight of an innovative 900-kilowatt hydrogen-powered turbo-shaft engine in the Hunan province of China. The flight was completed on April 4, with the AEP100 engine fixed to…
ASX on edge as Iran's Strait of Hormuz closure halts oil price drop
Iran's claim that it has closed the Strait of Hormuz has cast doubt over a peace deal with the United States and threatens to trigger a fresh jump in crude prices, stoking fears that inflationary pressures could force the Reserve Bank to lift…
Russian Oil Refinery Over 1,200 Miles From Ukraine Attacked In Another War First
After this week's devasting Ukrainian drone attacks on a Moscow refinery which sent massive plumes of black smoke across the capital city skyline, it has become obvious that the Zelensky's government believes its last major card to play is…
UPSC Key: India's Russian oil imports, Ground-level ozone and Electrification
Preliminary Examination: Current events of national and international importance Mains Examination: General Studies-II, III: Bilateral, regional and global groupings and agreements involving India and/or affecting India's interests; Infrastructure:…
Russian Air Defence Missile Reportedly Blasts Moscow Oil Refinery Roof Into the Sky During Ukrainian Drone Raid
A dramatic video has captured the moment a Russian air defense missile accidentally struck a major oil refinery in Moscow on Thursday. The misfire sent the facility's massive, circular roof launching into the air like a flying saucer amid a…
Zelensky says Ukraine drones hit Russia's Tyumen, now have 3,000km range
Ukrainian President Volodymyr Zelensky said on Saturday that Ukrainian drones had struck an oil refinery in Russia's Tyumen Region in western Siberia, more than 2,000km (1,200 miles) from Ukraine. He also said Ukraine had…
Ukraine blasts one of Siberia's largest oil refineries in what may be war's deepest strike into Russia: 'No safe regions'
A daytime drone strike crippled the Tyumen oil refinery in Siberia on Saturday in what could be Kyiv's deepest raid into Russian territory yet, as it accelerates devastating long-range attacks on the Kremlin's critical energy infrastructure. Local…
Paracetamol + Lignocaine; Aloe Vera +Jojoba Oil +Vitamin E & More: Check Full List Of FDCs Banned By Govt
Paracetamol + Lignocaine; Aloe Vera +Jojoba Oil +Vitamin E & More: Check Full List Of FDC Banned By Govt | Image: Freepik New Delhi: The Ministry of Health and Family Welfare has issued notifications under Section 26A of the Drugs and Cosmetics…
Receive a Daily briefing on Oil Industry News
Get Started