Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Drone Strikes U.A.E. Oil Industry for Second Day Running
The blaze caused no injuries, authorities said, adding that civil-defense teams responded immediately to contain it.
'Slaughtering the oil industry': UK's shift to renewables sparks fears among oil and gas workers
ABERDEEN, Scotland: As Britain phases out fossil fuels and pivots to renewable energy, many oil and gas workers fear they are being left behind. The country has stopped issuing new North Sea oil and gas licences as it ramps up investment in…
Iran-Israel war LIVE updates: Fire breaks out in UAE's Fujairah oil industry zone after drone attack
A fire broke out in the Fujairah Oil Industry Zone in the United Arab Emirates (UAE) early Tuesday (March 17, 2026) following a Iranian drone attack, the emirate's media office said…
Watch 'Frantic' Markets Seek Clarity On Oil Supply
'Frantic' Markets Seek Clarity On Oil Supply Rebecca Babin, CIBC Private Wealth Group Senior Energy Trader, says oil traders are struggling to make accurate forecasts on oil supply as key infrastructure in the Gulf continues to be targeted by by…
The Oil and Energy Intensity of US GDP
Possibly one factor in the impact of oil shocks (although Blanchard and Gali (2007) place greater weight on greater wage flexibility and central bank credibility): Figure 1: Petroleum intensity of real GDP (blue), and energy intensity of real GDP…
EU talks energy as oil price soars
The meeting laid the groundwork for a Thursday summit of EU leaders that will seek to address the issue -- though the bloc has a limited number of tools at its disposal. Member states retain a large degree of independence from Brussels in…
Watch Cambodia's Energy Minister on Iran War, Oil Prices
Cambodia's Energy Minister on Iran War, Oil Prices Keo Rottanak, Cambodia's Minister of Mines and Energy, discusses the impact of the Iran war and rising energy prices in Cambodia. He spoke exclusively with Paul Allen on Bloomberg's Insight with…
Iran hits key UAE oil port and Dubai airport
The United Arab Emirates' (UAE) biggest port and oil storage facility, Fujairah, and Dubai's international airport have come under further drone attacks as Iran continues to target Gulf transport and oil infrastructure. Flights were temporarily…
U.A.E.'s Fujairah Oil Trading Hub Targeted Again By Drone Attacks
Specialized teams are working to control a fire caused by drone strikes at Fujairah Oil Industry Zone in the United Arab Emirates, authorities there said early Tuesday local time. No injuries have been reported. The attack is the second at the zone…
Oil markets react to 'supply shock' amid war with Iran
CNN's Eleni Giokos reports from Dubai on what a prolonged bottleneck in the Strait of Hormuz could mean for oil prices worldwide.
Trump pleads for global help to avert oil crisis
It's Monday. The sky is so eerie today. The East Coast may get pounded with some really intense storms this afternoon — severe enough for many Washington-area schools to close early and the House to cancel votes. Forecasters have predicted…
Asia-Pacific markets set to track Wall Street gains as oil declines
U.S. President Donald Trump said Washington had asked China to delay his planned meeting with Chinese President Xi Jinping. U.S. stock futures were flat after major indexes rose overnight in light of cooling oil prices. Matteo Colombo |…
2 Energy Stocks to Consider Instead of Crude Oil
The geopolitical conflict in the Middle East has oil prices back in the headlines. Energy markets are in a state of flux, commodity prices are on the rise, and you are likely already seeing the impact at the gas pump. Even after the conflict ends…
US oil companies see $60bn bonanza as Iran war drives crude higher
US oil companies - including ExxonMobil, Chevron and ConocoPhillips - could reap a stunning $63billion windfall this year if the Iran War keeps crude oil prices high for much longer. The windfall for energy giants, according to a report from…
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