Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Revealed: British ad firm's billion-dollar greenwash of US oil industry
A British advertising conglomerate has helped the oil companies ExxonMobil, Chevron, Shell and BP spend an estimated $1.5bn (£1.1bn) on adverts in the US since the 2015 Paris agreement to tackle the climate crisis, a report shows.
Energy Up With Oil Futures -- Energy Roundup
Shares of energy companies rose alongside oil futures after President Trump indicated that a blockade of the Strait of Hormuz would continue indefinitely. Globally traded Brent oil futures rose 6.1% to $118.03 a barrel, closing within 0.3% of their…
Analysis: US blockade is squeezing Iran's all-important oil industry
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
Analysis: US blockade is squeezing Iran's all-important oil industry
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Analysis: US blockade is squeezing Iran's all-important oil industry
DUBAI, United Arab Emirates (AP) — Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is…
From Oil To Critical Minerals: The Next Energy Security Risk
CHONGQING, CHINA - JULY 26: In this photo illustration, metal cubes representing rare earth elements including Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), Terbium (Tb), and othersare displayed with their symbols and atomic numbers on…
Industrial costs up 50% in Hong Kong since start of Mideast war: oil executive
Operating costs for Hong Kong's industrial and commercial sectors have jumped by 50 per cent since the start of the United States-Israel war with Iran, according to an oil industry representative, who has said distributors will pass on subsidies to…
Homeowners in Yorkshire turn to solar panels as oil prices rise
Renewable energy firms in Yorkshire have reported a spike of interest in solar panels prompted by the US-Israel war with Iran. As fuel prices have risen, households have been turning away from oil and gas, with energy supplier Octopus seeing a 50%…
Homeowners in Yorkshire turn to solar panels as oil prices rise
Cathy Killick and Chloe Aslett, Yorkshire Renewable energy firms in Yorkshire have reported a spike of interest in solar panels prompted by the US-Israel war with Iran. As fuel prices have risen, households have been turning away from oil and gas…
Saudi Economic Growth Slows as Iran War Hits Oil Exports
Saudi Arabia's quarterly economic growth rate slowed to its lowest since mid-2024, as the kingdom grapples with the Iran war's effects on its crucial oil industry. Gross domestic product expanded 2.8% year-on-year in the three months through March…
Righting a free oil market
By many accounts, these are the days of resource nationalism. China tries to control exports of its rare earth minerals. The United States restricts certain exports of advanced computer chips. Even a few West African countries that dominate cacoa…
OP-ED: South Korea oil price cap risks market distortion
April 29 (Asia Today) -- This commentary is the Asia Today Editor's Op-Ed. South Korea's oil price cap policy is increasingly showing signs of strain, as a dispute between the government and refiners over compensation standards raises broader…
Trump Discussed Extended Blockade With Oil Executives - TT
Chevron confirmed that CEO Mike Wirth attended the meeting. (David Paul Morris/Bloomberg News) President Donald Trump discussed steps the U.S. could take to prolong its blockade of Iran during a meeting with oil and trading industry executives…
Oil Rallies to Highest Level Since Start of Iran War
In early European trading, Brent crude for June delivery, which expires on Thursday, rose 4.1% to $122.82 a barrel after surpassing $123, its highest level since 2022. The more active July contract was up 2.1% to $112.70 a barrel. West Texas…
Daily on Energy: Trump sits with oil execs, tropical forest loss, and Burgum reacts to court loss
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
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