Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same period. Rising tensions in the Strait of Hormuz…
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…
Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) Future Publishing via Getty Images The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter.
Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Oil prices haven't seen the dramatic surge that some warned about from the war in Iran. Crude futures are above prewar levels, but still well below the more dire spikes to $200 that some forecasters had predicted at the outset of the war. Goldman…
High oil prices could boost renewables, says Energy Vault CEO
Series CEO spotlight, Episode 12: Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in…
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…
California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market. As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels…
Sustained high oil prices can make renewable energy and storage solutions more attractive
Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 via an accelerated route…
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…
Talks Underway in Pakistan on Iran War, Oil Prices Climb
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Trump administration said on Friday it had imposed sanctions on an independent 'teapot' refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.
Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Billion-Barrel Hormuz Oil Shock Is About to Crash Demand 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…
Uganda's first oil to flow in 2026 - gov't
Uganda is edging closer to its long-awaited first oil, with industry leaders indicating that the country has entered the final phase after years of preparation. The update comes ahead of the 11th Oil and Gas Convention scheduled for next week at…
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in one 24 hour, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been…
Oil, Geopolitics, and Cameco: Here's Where the Stock Could Be in 12 Months
The geopolitical conflict in the Middle East has led to high oil prices, which is hardly a surprise. However, the situation highlights the importance of power to the normal functioning of the world economy. And it makes a company like Cameco (CCJ…
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