Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
California gas prices could spike as imported oil supply dries up, industry warns
California may soon have to battle other states for oil resources as its imported supply runs dry, a leading lobbying group has warned. Jodie Muller, CEO of Western States Petroleum Association, said the limited amount coming into the Golden State…
Indian Stock Market Outlook: Geopolitics, Crude Oil, Inflation & FII Flows
Indian stock markets are poised for a volatile week, with investor attention firmly fixed on geopolitical developments surrounding the US-Iran situation, crude oil prices, and crucial inflation data, alongside the impact of foreign investor…
Large oil slick detected near Iran's Kharg Island: Report
A large oil slick has been detected in the Persian Gulf near Kharg Island, Iran's main crude oil export hub, raising fresh concerns over the condition of the country's oil infrastructure amid mounting regional tensions and shipping disruptions…
Oil loss will slow restart of energy trade
The world has lost about 1 billion barrels of oil over the past two months and energy markets would take time to stabilize even if flows resume, Saudi Arabian Oil Co (Saudi Aramco) CEO Amin Nasser said yesterday, as shipping disruptions choke…
After Standing Rock, could a canceled mine project offer a roadmap for opponents of a new oil pipeline in South Dakota?
Almost exactly a decade since the start of the Standing Rock protests against the Dakota Access pipeline gained national and international attention, new disputes are simmering over tribal rights in the Black Hills of South Dakota. Earlier this…
Oil-based products are everywhere, from fertiliser to fashion. What are the alternatives?
Substituting the petrochemicals that underpin everyday life is challenging, but there are ways to produce what we need without fossil fuels The standoff in the strait of Hormuz has shown just how dependent the world's economy is on fossil fuels.
Aramco Profit Climbs as War-Driven Oil Rise Offsets Export Hit
Saudi Aramco reported first-quarter profit that surpassed analysts' expectations following a war-induced rise in prices of oil and refined fuels. Adjusted net income rose 26% to almost 126 billion riyals ($33.6 billion) in the quarter compared with…
Athabasca Oil: A Better Business, But No Longer A Deep Value Bargain (ATHOF)
Athabasca Oil has executed well, with strong production growth and a robust balance sheet, but its valuation is no longer deeply discounted. ATHOF's near-term free cash flow is pressured by Leismer and Duvernay's capex, shifting the investment case…
Iran warns the US against attacks on its oil tankers and other ships but ceasefire appears to hold
DUBAI, United Arab Emirates — Iran's Revolutionary Guard navy on Saturday warned that any attack on Iranian oil tankers or commercial vessels would be met with a “heavy assault” on one of the U.S. bases in the region and enemy…
The Iran war has made jet fuel twice as expensive. Should we use cooking oil instead?
Since it began with US-Israeli airstrikes in late February, the Iran war has grounded tens of thousands of flights and pushed jet fuel to its highest price in years. Europe 's jet fuel inventories have fallen 50 per cent, and Goldman Sachs warned…
Fragile Iran ceasefire appears to hold as Iran warns the U.S. against attacks on its oil tankers and other ships
DUBAI, United Arab Emirates (AP) — Iran's Revolutionary Guard navy on Saturday warned that any attack on Iranian oil tankers or commercial vessels would be met with a 'heavy assault' on one of the U.S. bases in the region and enemy ships…
Commentary: China's invisible hand is rebalancing the oil market
LONDON: Facing an unprecedented shortage, the oil market is pulling every available lever to rebalance supply and demand. Some are well known: bypassing the Strait of Hormuz using pipelines, releasing emergency stocks and allowing high prices to…
Saudi industrial production falls 14.1% in March amid oil sector decline
RIYADH — Saudi Arabia's Industrial Production Index (IPI) decreased by 14.1% YoY in March 2026, driven by declines in mining and quarrying and manufacturing activity, according to results by the General Authority for Statistics (GASTAT).
Global oil inventories drain at record pace amid Hormuz disruption - Bloomberg
Global oil inventories are shrinking at the fastest pace on record amid continuing disruptions in the Strait of Hormuz, Bloomberg has reported. The outlet cited data from Morgan Stanley on Saturday showing that global oil stockpiles fell by about…
Chevron Has Returned Over $5 Billion to Shareholders for 16 Consecutive Quarters. Is CVX the Ultimate Oil Stock to Own Right Now?
In a year marked by geopolitical tensions and fluctuating energy prices, oil and gas stocks are in the spotlight. Chevron (CVX 0.63%) is up 20% year to date amid the ongoing conflict in Iran and rising oil prices. These rising prices benefit…
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