Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

wsj.com - Summer Said - U.A.E. Says One Injured at Fujairah Oil Industry Zone
U.A.E. Says One Injured at Fujairah Oil Industry Zone
Wall Street Journal

United Arab Emirates' authorities said Saturday specialized teams are working to control a fire that broke out at Fujairah Oil Industry Zone due to fallen debris, causing one minor injury. The debris were due to a successful interception from the…

nypost.com - Josh Koehn - Stunning turnaround for California's oil industry after Trump's surprise executive order to help ease gas prices
Stunning turnaround for California's oil industry after Trump's surprise executive order to help ease gas prices
New York Post

Oil pumping operations are expected to begin imminently off the coast of California after President Trump issued an executive order Friday to resume oil drilling operations near Santa Barbara, The Post has learned. Officials for Sable Offshore…

thestandard.com.hk - The Standard 英文虎報 - Oil loading operations at UAE's Fujairah have restarted, industry source says
Oil loading operations at UAE's Fujairah have restarted, industry source says
The Standard

bloomberg.com - Javier Blas - The Biggest Oil Risk Is at the Bottom of the Barrel
The Biggest Oil Risk Is at the Bottom of the Barrel
Bloomberg

In the oil industry, fuel oil is known as the bottom of the barrel. It's typically cheap, unloved and, crucially, comes from the bottom of a petroleum-distillation tower — the tall piece of refining kit where crude gets heated and cracked…

bloomberg.com - Alex Longley - IEA Says Oil From Emergency Stocks to Flow Immediately in Asia
IEA Says Oil From Emergency Stocks to Flow Immediately in Asia
Bloomberg

The International Energy Agency said oil from a record stockpile release will be made available in Asia immediately as buyers in the region clamor to replace barrels lost to war-related disruptions in the Middle East. The agency released a…

independent.co.uk - Via AP news wire - US Energy secretary directs oil company to restore operations off California
US Energy secretary directs oil company to restore operations off California
The Independent

U.S. Energy Secretary Chris Wright directed a Texas-based oil and gas company Friday to restore operations in waters off southern California that were damaged by a 2015 oil spill, invoking the Defense Production Act. Restoring Sable Offshore…

bbc.co.uk - James Landale - Zelensky accuses EU allies of 'blackmail' in oil pipeline row
Zelensky accuses EU allies of 'blackmail' in oil pipeline row
BBC

James LandaleDiplomatic correspondent, Kyiv Ukrainian President Volodymyr Zelensky has accused European allies of seeking to 'blackmail' Kyiv into reopening a pipeline transporting Russian oil to Hungary and Slovakia. He said restoring the flow of…

businessinsider.com - Lauren Edmonds - Photos show a major fire at a key UAE oil port, a day after the US struck a major Iranian depot
Photos show a major fire at a key UAE oil port, a day after the US struck a major Iranian depot
Business Insider

Fire erupted at a critical oil hub in the United Arab Emirates on Saturday amid the ongoing military conflict in the Middle East. Plumes of dark black smoke billowed around the Port of Fujairah, the only multipurpose maritime facility on the UAE's…

seekingalpha.com - Lance Roberts - Oil Volatility And The Market Impact
Oil Volatility And The Market Impact
Seeking Alpha

The S&P 500 extended its losing streak to three consecutive weeks, the first such run in roughly a year. We have shifted from a “buy the dip” market to a “sell the rip” environment. If the market breaks the 200-DMA, that…

japantimes.co.jp - Renee Maltezou - Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran
Lured by profits, some shipowners brave mines and missiles to sneak oil past Iran
The Japan Times

A handful of Greek shipowners have sent crude oil and dry bulk tankers through the Strait of Hormuz during the U.S.-Israeli war on Iran, risking destruction from mines, missiles and drones for a chance at millions of dollars in quick profits. The…

bloomberg.com - Rong Wei Neo - Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes
Oil Market Set for Tumultuous Week as Kharg Attack Raises Stakes
Bloomberg

Global oil markets face another week of turmoil after a US attack on Iran's main export hub heightened risks to supply across the Middle East, and deepened concerns over a conflict that's already upended global energy flows. President Donald Trump…

koreatimes.co.kr - Reuters - Why does the port of Fujairah matter to the oil market?
Why does the port of Fujairah matter to the oil market?
The Korea Times

LONDON — Some oil-loading operations have been suspended in the United Arab Emirates' Fujairah port, a major global hub for refuelling ships as well as crude and fuel exports, after a drone attack and fire on Saturday. Why does Fujairah…

standard.co.uk - David Lynch - Military chiefs mulling use of minehunter drones amid Iran oil blockade
Military chiefs mulling use of minehunter drones amid Iran oil blockade
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Britain is considering sending minehunting…

winnipegfreepress.com - The Associated Press - US Energy secretary directs oil company to restore operations off California
US Energy secretary directs oil company to restore operations off California
Winnipeg Free Press

Email Address: I agree to the Terms and Conditions, Cookie and Privacy Policies, and CASL agreement. Already have an account? Log in here - To continue reading, please subscribe: Enjoy unlimited reading on winnipegfreepress.com Read the E-Edition…

express.co.uk - Aditi Rane - The 3 habits that could slash energy bills by 25% as oil prices soar
The 3 habits that could slash energy bills by 25% as oil prices soar
Express.co.uk

A few simple habits can help with soaring prices As energy costs continue to rise and global oil prices surge, households across the UK are looking for ways to cut their bills without sacrificing comfort. New analysis of hundreds of online…

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