Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Green Retreat: California Eases Carbon-Market Costs For Oil Refiners
California's green-energy regime has hollowed out the state's refining and oil industry, leaving motorists paying the highest gasoline prices in the country. AAA data show the state gasoline average now north of $6 per gallon, compared with a…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, local Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling…
Miliband's oil drill ban wrecking UK as we pay Norway £20bn year for energy
FORMER oil rig worker Gary Hunter has one word to describe eco- fanatic Ed Miliband's rush to Net Zero – “madness”. Since Labour came to power in 2024, the windfall tax imposed on oil and gas company profits soared to 38 per…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
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LETTER: Oil repercussions
While 99 percent of us are burned by high gasoline prices, oil companies are raking in extra profit. It's not as though their costs have gone up; they're playing the market because they can. So-called windfall profits are strategic when you know…
Oil barons once ruled here-now this rare Houston mansion hits market
Long before River Oaks became Houston's shorthand for old-money prestige, the city's earliest power brokers were already building a private world behind gates just south of downtown. That world still exists today inside Courtlandt Place —an…
Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes
Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes Yes, it's an important reflection here of what Ukraine says it's increasing range, ability to strike targets here in occupied Ukraine, but areas where possibly *** year or…
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
Oil tanker traffic through the Strait of Hormuz may not return to prewar levels even if the U.S. and Iran reach a deal. Ship traffic in the Red Sea, for example, plummeted in early 2024 due to Houthi militant attacks. Two years later, traffic still…
'Blood oil' and water? Scrutiny over Russia's team link to sanctioned oligarchs vital
You have reached your maximum number of saved items. Remove items from your saved list to add more. The full-scale Russian invasion of Ukraine has been going on for 1557 days. Kyiv is still recovering from Russia's most recent “revenge…
US War Against Iran May Push Oil New Highs If Peace Doesn't Come Fast (Commodity:CL1:COM)
Oil markets remain tight due to the US-Iran conflict, with crude prices up 45.8% since hostilities began and inventories sharply depleted. Even with potential ceasefire talks, I expect only a conditional, slightly bullish outlook for oil prices…
Oil bosses warn prices will soar in a matter of weeks as inventories near unprecedented lows - 'I mean really, really low levels'
The two biggest U.S. oil companies joined the growing chorus of voices sounding the alarm on the imminent doom global markets could soon face. With the Strait of Hormuz still effectively closed, top oil-consuming countries have been rapidly…
Northern Oil and Gas: Duvernay Acquisition Comes At Fair Price, But Adds To Leverage (NOG)
Northern Oil and Gas is acquiring Duvernay assets (with substantial inventory) for around 3.5x 2027 EBITDAX at $75 WTI oil. The deal price is fair but adds to NOG's leverage, which is now projected at 1.8x at the end of 2026. Northern is projected…
Crude Check: Oil futures at a crucial level
Crude oil prices tumbled over the last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($91.10/barrel) and crude oil futures in the domestic market (₹8,281/barrel) slumped 12 per cent and 9.7 per cent, respectively.
India's oil shock could have been much worse - but for China
This is what has blunted the oil shock and prevented a deeper supply crunch and even higher prices in the region — at least so far. Meanwhile, US President Donald Trump has said that he is looking to make a “final…
Samyra Miller Calls Out NYX Over 'Fat Oil' Campaign's Lack Of Plus-Size Representation
TikToker and plus-size activist Samyra Miller is calling out NYX Professional Makeup for what she sees as a glaring contradiction: a body care collection built around the word “fat” — with no plus-size women in sight. Samyra…
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