Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
This Geothermal Startup Plans To Use Oil Tech For Green Energy
A new geothermal player. Upgrading the grid with wood veneers. How drones are leveling the military playing field. All that and more in this week's Prototype. To get it in your inbox, sign up here. Geothermal energy is hot right now. Energy demand…
War Gaming The Price Of Oil
Hundreds of oil tankers remain bottled up in the Persian Gulf (at this moment). Iran's blockade of the Strait of Hormuz, long threatened, became fact with the U.S. attack on Iran. Removing approximately 10 million barrels per day caused consumers…
Strait of Hormuz oil flow 'back towards normal': Energy secretary
Energy Secretary Chris Wright said Sunday that the flow of oil through the Strait of Hormuz is returning “back towards normal,” a day after Iranian officials signaled they would be closing the vital waterway due to Israeli strikes in…
Trump's Energy Win: Oil Under $80 Despite Iran Conflict
Everything, in every economy, everywhere, has energy costs at its heart. The cost of energy is factored into every product, every commodity, every good, every service, in every one of billions of economic decisions made by people every day. Be it a…
Why Big Oil Is Backing Away From Renewables
Protesters at Marble Arch in London demonstrate against the Energy Intelligence Forum (EIF) summit, a gathering between Shell, Total, Equinor, Saudi Aramco, and other oil giants, being held in central London. Picture date: Thursday October 19…
US Futures Slip, Oil Climbs on Renewed Iran Threat: Markets Wrap
US stock futures fell and oil climbed as talks between Washington and Tehran were clouded by a renewed threat from President Donald Trump to strike Iran. The pound slipped on speculation around Keir Starmer's future as UK prime minister. S&P 500…
Watch Oil Stockpiles Near Danger Zone
Oil Stockpiles Near Danger Zone Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as…
Chinese Oil Imports May Never Fully Recover From Iran War
Chinese oil imports may never fully recover from the Iran war, with analysts saying the conflict accelerated a permanent shift away from fuels like gasoline and diesel. Rystad Energy estimates that 200,000 to 600,000 barrels a day of transportation…
Emerging-Market Stocks Mark Fresh High as US-Iran Talks Progress, Oil Falls
Emerging-market stocks rose to a fresh record as the US and Iran agreed upon a roadmap to a final peace deal, indicating progress in talks that have proceeded in fits and starts amid threats by President Donald Trump. MSCI's developing markets…
Stock futures fall as oil prices rise; investors await key reading on inflation: Live updates
U.S. equity futures slipped and oil prices rose on Sunday as Wall Street watched the latest developments in the Iran war negotiations and awaited the release of inflation data that is closely watched by the Federal Reserve. S&P 500 futures traded…
Ukraine blasts Russian oil refinery over 2000km away in latest long-range blitz
Ukrainian drones have struck an oil refinery in Russia's Tyumen region over 1,200 miles from Ukraine, Volodymyr Zelensky has said. In his nightly video address on Saturday, the Ukrainian president offered thanks to the military's special…
ASX to fall; oil markets on edge over Hormuz closure
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 of Australia…
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to shortages caused by Ukraine's recent campaign against…
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Nick Beake, Europe correspondent in Ukraine and Maia Davies Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to…
Oil Prices Rise as Doubts Over U.S.-Iran Peace Deal Grow
0050 GMT — Oil prices gain in early Asian trade as doubts over the durability of the U.S. and Iran 's interim peace deal grow. Renewed fighting in Southern Lebanon prompted Iran to declare over the weekend that the peace deal is no longer in…
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