Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Europe and Asia, not the US, bear the brunt of the oil & energy crisis | Cash Call | Andrew Wong
Nearly two months have passed since the United States and Israel launched a full-scale offensive against Iran, and the duration of the conflict has already exceeded the expectations of US President Donald Trump. Both Washington and Tehran continue…
The great energy pivot: US oil and Chinese solar are the winners in Trump's war on Iran
In the open seas, an armada of empty tankers has quietly turned west. A record number of super-sized vessels are now heading to the US, where oil drillers and refineries are preparing to profit from Donald Trump's war in the Middle East. Almost 30…
Opinion | Trump's oil crisis is accelerating the end of the fossil fuel era
US President Donald Trump is a long-time climate denier and oil industry ally, who sums up his own energy policy as “drill, baby, drill”. Yet he is doing more than almost anyone to speed up the global shift from fossil fuels to clean…
Opinion | U.S. Oil and Gas Fight Tyrants
Holman W. Jenkins, Jr.'s observation that “the best way to weaken the world's oil tyrants is for responsible countries to give them competition” (“ A Victory in Iran Won't Look Like One,” Business World, April 18) should…
U.S. crude oil arrives in Japan for first time since start of Iran war
Crude oil procured from the United States by Japanese oil distributor Cosmo Oil arrived in Japan on Sunday for the first time since the start of U.S. attacks on Iran in late February. The tanker carrying 910,000 barrels of U.S. crude oil arrived at…
U.S. shale industry reluctant to boost oil production in response to Iran war 'chaos' (XLE:NYSEARCA)
U.S. shale executives say they do not expect to significantly increase production over the next two years as a result of the ' chaos ' arising from the war in the Middle East. According to the anonymous survey of more than 100…
Treasury's impossible task: Prepare a budget as oil shock unfolds
It looks like the 2025 federal budget will have to be prepared over the next fortnight with the Strait of Hormuz effectively closed, and the global economy in flux. At least Treasury will be able to assume that the biggest single budget problem…
P&G warns of $1b profit hit in fiscal 2027 from higher oil prices
United States consumer goods giant Procter & Gamble on Friday warned of a roughly US$1 billion (HK$7.8 billion) post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures…
Why govt cannot disclose Russian oil import data
The Commission observed that disclosure of the requested data 'would prejudicially affect the strategic and economic interest of the State and also affect the relations with foreign states,' adding that the information is linked to geopolitical…
Fish oil may be hurting your brain, new study finds
The research was led by neuroscientist Onder Albayram, Ph.D., an associate professor at MUSC and a member of the National Trauma Society Committee. His team focused on the biological processes involved in repairing blood vessels in the brain after…
Texas is lousy with podunk oil wells, creating headaches for landowners
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. Some…
The billion-barrel Hormuz oil shock is about to crash demand
London/New York | The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is coming. The longer the vital oil channel…
How the internet has hijacked our health - as 'snake oil' experts offer algorithmic diagnoses
[nyp_video player=”SPdDOYds” platform=”jw-player” playlist=”W5xXwQyA” playlisttype=”dynamic” placement=”true” jwpropertyid=”XDErnc08″ / Ellie Matthews, a…
Oil Has Doubled From $70 to $100-Plus Since the Iran War Began. How to Position Now.
Brent oil, the global benchmark price, has soared from around $70 a barrel earlier this year to more than $100 in recent days. Oil could remain high for the rest of this year even if there's a peace deal, due to the time needed to reopen the Strait…
Trump claims Iran's oil infrastructure may explode in three days due to US blockade
President Trump claimed Sunday that Iran's oil infrastructure could explode in about three days because of mechanical issues exacerbated by the US blockade on its vessels. “When you have, you know, lines of vast amounts of oil pouring…
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