Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
What to know about the port of Fujairah and its importance to the oil industry
Some oil-loading operations have been suspended at Fujairah port in the United Arab Emirates' Fujairah port following a suspected Iranian drone attack and fire on Saturday. Fujairah, a major global hub for refuelling ships and crude and fuel…
U.A.E. Says One Injured at Fujairah Oil Industry Zone
United Arab Emirates' authorities said Saturday specialized teams are working to control a fire that broke out at Fujairah Oil Industry Zone due to fallen debris, causing one minor injury. The debris were due to a successful interception from the…
What to know about Kharg Island, the tiny coral outcrop at the heart of Iran's oil industry
During the first two weeks of the latest war in the Middle East, as US and Israeli strikes rained down on military and energy facilities across Iran, one site went conspicuously untouched.
Stunning turnaround for California's oil industry after Trump's surprise executive order to help ease gas prices
Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The Post has learned. Officials for Sable Offshore…
Backbone of Iran's oil industry Kharg Island 'totally obliterated', says Trump
“Moments ago, at my direction, the United States Central Command executed one of the most powerful bombing raids in the history of the Middle East and totally obliterated every military target in Iran's crown jewel, Kharg Island,”…
US Energy secretary directs oil company to restore operations off California
U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore…
Photos show a major fire at a key UAE oil port, a day after the US struck a major Iranian depot
Fire erupted at a critical oil hub in the United Arab Emirates on Saturday amid the ongoing military conflict in the Middle East. Plumes of dark black smoke billowed around the Port of Fujairah, the only multipurpose maritime facility on the UAE's…
Why does the port of Fujairah matter to the oil market?
LONDON — Some oil-loading operations have been suspended in the United Arab Emirates' Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, after a drone attack and fire on Saturday. Why does Fujairah…
US Energy secretary directs oil company to restore operations off California
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Why does UAE's Fujairah port matter to the oil market?
Some oil-loading operations have been suspended in the United Arab Emirates' (UAE) Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, after a drone attack and fire on Saturday. Fujairah exported more than 1.7…
What's the easiest way to lower oil prices?
Gasoline prices have jumped 64 cents a gallon in two weeks. Diesel is at $4.60 nationally, up 83 cents since the U.S. and Israel began bombing Iran in late February. In California, drivers are paying $5.34 a gallon. Fertilizer prices have surged 44…
Iran unleashes oil shock to blunt U.S. firepower
Long before the U.S. and Israel attacked Iran, the Islamic Republic had devised its own weapon: holding the world's main oil lifeline hostage to offset its foes' military superiority, three regional sources familiar with Iranian planning said. For…
Iran threatens to strike oil facilities after U.S. hits military targets on Kharg Island, a critical oil hub
President Donald Trump said late Friday that U.S. forces “obliterated” military targets on Kharg Island, a critical hub of Iran's oil Gulf operations, with the country responding by threatening to strike U.S. allies' oil facilities if…
Rachel Reeves promises help to families hit by heating oil costs
Families hit by huge hikes in heating oil costs are set to be offered help with their bills under plans outlined by Rachel Reeves. Treasury officials are said to be working on a package aimed at poorer households amid a doubling of prices to around…
Suspected Iran drone attack sparks huge fire at key Emirates oil port
A crucial port in the United Arab Emirates has been hit by suspected Iranian drone strikes, causing a blaze and partial suspension of oil operations. The incident at Fujairah, a major oil storage hub near the Strait of Hormuz, has heightened…
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