Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Watch What It Will Take to Fix the Oil Market
What It Will Take to Fix the Oil Market The standoff in the Strait of Hormuz has removed millions of barrels of oil from markets, exposed stockpiles, spare capacity and even OPEC. Here's what would get the energy markets back on track.
Sharp Surge in Oil Prices Lifted Magnolia Oil & Gas Corporation (MGY) in Q1
Diamond Hill Capital, a First Eagle Investment Management company, issued its Q1 2026 investor letter for its “Small Cap Strategy”. A copy of the letter can be downloaded here. Small caps started 2026 strong, following 2025, but…
Senate Democrats demand reinstatement of sanctions on Russian oil
A group of Senate Democrats are demanding that the Trump administration re-impose the sanctions it temporarily lifted on Russian oil to offset rising energy costs amid the Iran war. Fourteen Democratic senators urged Treasury Secretary Scott…
Oil prices jump as Strait of Hormuz tensions frazzle market
Oil prices have jumped as tension rises in the Strait of Hormuz, threatening the ceasefire between the US and Iran. The Middle East has been in conflict since February 28 when the US and Israel carried out joint strikes on several key Iranian…
Greens only party telling truth on need to stop oil and gas drilling - Mackay
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 Scottish Greens are the only party…
Watch Iran War: Oil Starting to See Demand Destruction, Rystad Energy Says
Oil Starting to See Demand Destruction, Rystad Energy Says Jorge Leon, senior VP and head of geopolitical analysis at Rystad Energy, says demand destruction has begun in the global oil market due to the Iran war and looks at the potential for…
The world has plenty of oil, but a different shortage is emerging
The war in Iran has triggered a global scramble for oil as disruptions in the Strait of Hormuz choke one of the world's most critical energy shipping routes — but the global economy isn't about to run out of oil. Instead, it may be running…
Oil prices above $110 are starting to matter to the stock market again
Oil is starting to matter to the stock market again. Stocks have had a curious relationship to oil prices over the last month, with the two assets rising in tandem. Since the close of April 8, around when President Donald Trump announced a fragile…
There's one reason why $200-a-barrel oil can't be entirely ruled out
This year's roughly 80% surge in oil prices has done little to diminish demand for crude globally. The surprisingly strong appetite for oil globally comes despite significant crude-supply disruptions from the Iran war. That combination makes the…
Ukraine tried to attack Russia's Kirishi oil refinery, governor says
MOSCOW, May 5 (Reuters) - Ukraine attacked one of Russia's biggest oil refineries on Tuesday, sparking a fire in an industrial area of Kirishi town in the Leningrad region, Governor Alexander Drozdenko said. 'The enemy's…
Oil Falls on Hopes of U.S.-Iran Peace Deal
0011 GMT — Oil falls in early trade on hopes of a U.S.-Iran peace deal that could reduce supply disruptions. In a post on Truth Social, President Trump said, “Great Progress has been made toward a Complete and Final Agreement with…
Ineos and Shell join up to drill for new oil and gas in US
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Ineos has joined forces with Shell to drill for new oil…
Trump's Project Freedom Likely Triggered By Oil Market's One-Month Countdown To Chaos
What is well established about President Trump's newly announced Project Freedom is that the U.S. military is helping 'guide' commercial vessels out of the Strait of Hormuz. The battle over the Hormuz chokepoint comes as the oil market appears to…
Oil prices fall as Trump pauses Hormuz escort effort
Oil prices fell after President Donald Trump said the U.S. would pause its naval escort endeavor in the Strait of Hormuz. Trump, in a Truth Social post, said the decision was based in part on 'the fact that Great Progress has been made toward a…
Ecuador Looks to Tap Global Debt Markets Again Amid Oil Jump
Ecuador is looking to tap international bond markets for the second time this year, seizing on its status as an oil exporter and joining a borrowing spree in emerging markets.
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