Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
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…
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.
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…
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…
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…
Oil crisis reshapes global energy flows
Southeast Asian countries, heavily reliant on Gulf oil imports, are diversifying their suppliers as they feel the crunch from two months of disruptions. Data shows countries like Thailand and Vietnam are tapping Brunei, Libya, and the US for…
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…
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…
Markets slide as Trump-Iran tensions rattle oil prices and stocks
Asian stock markets saw declines on Tuesday, mirroring losses on Wall Street as US equities retreated from recent record highs. Oil prices, after an earlier surge, fell back amid escalating tensions in the ongoing conflict between the US and Iran.
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.
Oil Futures Fall on Possible Technical Correction
0013 GMT — Oil futures fall in early Asian trade on a possible technical correction after WTI and Brent futures settled markedly higher on Monday. However, declines are likely to be limited as the U.S.-Iran cease-fire comes under pressure…
Receive a Daily briefing on Oil Industry News
Get Started