Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Will Iraq's oil smuggling crackdown disarm militias without a conflict?
The Iraqi government has launched a sweeping anticorruption crackdown centred on the Jurf al-Sakhar area, a stronghold of Iran-linked militias near Baghdad. The campaign has seen the dismissal and judicial referral of nine senior officials accused…
Iran Claims Tanker With 2 Million Barrels Of Oil Sank In Strait Of Hormuz
US recently claimed to have cleared all mines from the main routes through Hormuz Strait Summary is AI-generated, newsroom-reviewed Iran's Revolutionary Guards reported a supertanker sank after hitting a mine in the Strait of Hormuz Two tankers…
How a small oil-sharing project in ASEAN offers hope beyond energy security
MANILA – Just six months ago, while South-east Asia was reeling from a fuel crisis triggered by the Middle East conflict, the idea that ASEAN member states would be able to band together to build a regional oil stockpile had seemed…
This California Oil Field Has 65,000 Solar Panels - Here's Why
The idea of a solar farm assisting with oil-pumping operations may sound incongruous, but that's exactly what's happening at the Lost Hills oil field in California. Developed by solar company SunPower for oil giant Chevron, the facility's 65,000…
3 oil tankers catch fire after hitting naval mines in Hormuz
Three oil tankers exploded and caught fire after striking naval mines in and around the Strait of Hormuz, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy and Armed Forces' Navy said on Saturday, as Iranian forces warned vessels against…
Nigeria's Refined Oil Sales to Britain Reach £1.017 Billion
Britain's refined-oil imports from Nigeria reached £1,017.3 million in the 12 months through June 2026, making processed fuel the largest category in their goods trade and marking a shift from crude, UK data show. The refined-oil figure was…
SNP backlash on oil and gas gives Greens a campaign boost
Scottish Greens sources said that some of the new members had previously been in the SNP and had joined the Greens as they opposed Mr Swinney's stance on the North Sea. 'We are picking up grumblings from the SNP with people unhappy with the current…
Brent oil rises as US light crude prices decline
Oil prices have recorded mixed movements on international markets, with Brent crude edging higher while US benchmark Light crude registered a slight decline. Brent crude futures traded on London's ICE (Intercontinental Exchange Futures) rose by…
Yemeni Force Retreat from Strait in Major Setback for Saudi Oil Exports
FILE PHOTO: A view of a village on the coast of Bab el-Mandeb, Yemen April 2, 2026. REUTERS/File Photo Yemeni government forces announced on Sunday they were withdrawing from the area near the Bab el-Mandeb Strait to focus on a defence of their…
Families 'plunged into darkness' because of 'oil tanker-like' workshop next door
Fed-up families claim their homes have been plunged into darkness - after a huge 'oil tanker-like' car workshop was built towering over their gardens without correct planning permission. And residents claim the giant metal structure has robbed them…
October Oil Supply Exceeded Demand as Russian Crude Output Rose
The International Energy Agency (IEA) said oil supply moved above demand in October for the first time since the Iran war began, while diesel stayed tight and a U.S. license authorized covered Russian diesel transactions. Global supply reached…
Iraq PM targets powerful militia stronghold in $30m oil smuggling probe
Iraq's PM Ali al-Zaidi has dismissed nine senior security officials over an alleged oil smuggling network worth up to $30m monthly, in a move targeting a Kataib Hezbollah stronghold. Al Jazeera's Peter Smith has the latest from Baghdad. Published…
Iraq PM sacks nine officials over oil smuggling in pro-Iran stronghold
Iraq's Prime Minister Ali al-Zaidi has dismissed nine senior security officials over an alleged oil smuggling operation in the Jurf al-Nasr area, a stronghold of the Iran-backed Kataib Hezbollah group. Al-Zaidi chaired an emergency security meeting…
Three Oil Tankers Catch Fire After Hitting Naval Mines in Hormuz: Iran's Navy
Tehran: Three oil tankers exploded and caught fire after striking naval mines in and around the Strait of Hormuz, Iran's Islamic Revolutionary Guard Corps (IRGC) Navy and Armed Forces' Navy said on Saturday (local time), as Iranian forces warned…
Promising Oil Stocks To Follow Now - November 15th
Why ExxonMobil and Chevron Reminded Investors to Keep it Simple ExxonMobil, Chevron, and Marathon Petroleum are the three Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of companies involved in the…
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