Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
M.P. Evans Group PLC (MPEVF) Discusses Responsible Production and Pricing Dynamics in Palm Oil Industry Transcript
M.P. Evans Group PLC (MPEVF) Discusses Responsible Production and Pricing Dynamics in Palm Oil Industry July 14, 2026 7:00 AM EDT Matthew Coulson - Chief Executive & Director Good afternoon, ladies and gentlemen, and welcome to the M.P. Evans Group…
Heating Oil: Watchdog wants tougher regulation of market
Economics and business editor, BBC News NI Stormont should apply stricter consumer protection regulations to home heating oil suppliers, the UK's competition watchdog has recommended. The Competition and Markets Authority (CMA) has been…
Heating Oil: Watchdog wants tougher regulation of market
Stormont should apply stricter consumer protection regulations to home heating oil suppliers, the UK's competition watchdog has recommended. The Competition and Markets Authority (CMA) has been investigating the heating oil market in Northern…
Viper Energy (VNOM) Completes Riverbend Oil and Gas IX Acquisition
Viper Energy Inc. (NASDAQ: VNOM) is one of the 10 oversold NASDAQ stocks to invest in right now. On July 1, Viper Energy Inc. (NASDAQ:VNOM) announced that it had concluded the acquisition of Riverbend Oil and Gas IX. Viper paid roughly $337 million…
Russian oil industry set back 20 years by Ukrainian strikes (Ukraine Battlefield update: Day 1,602)
Every day, the Ukraine Battlefield update newsletter offers a clear look at how the war is unfolding on the ground. Subscribe for free here to get the full text delivered to your inbox. A fuel crisis unlike anything Russia has ever experienced:…
The refined fuel shortage, not oil prices, is what matters
American consumers do not put oil into their gas tanks. America's truckers do not fuel their rigs with crude oil, and the nation's commercial aircraft do not fly on oil. Consumers buy gasoline. Trucks run on diesel, and airlines depend on jet fuel.
Diamondback Energy (FANG) Is Amongst The Oversold NASDAQ Stocks Amid Oil Price Dip
Diamondback Energy Inc. (NASDAQ: FANG) is one of the 10 oversold NASDAQ stocks to invest in right now. On June 29, Morgan Stanley reduced the price target on Diamondback Energy Inc. (NASDAQ:FANG) from $229 to $216. Despite this downward adjustment…
To drill or not to drill? Andy Burnham faces North Sea oil dilemma
Scotland political correspondent To drill or not to drill? That's one question that will await Andy Burnham when he enters 10 Downing Street. The MP for Makerfield is expected to be confirmed as the UK's next prime minister in the coming days after…
China turns to electric taxis to soften Hormuz oil shock
China has an increasingly important buffer against oil price shocks: electric taxis. SCROLL TO CONTINUE WITH CONTENT Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with government data showing…
Stocks steady as oil surge offsets ASML lift to tech
By Danilo Masoni and Tom Westbrook MILAN/SINGAPORE, July 15 (Reuters) - World shares steadied on Wednesday as upbeat earnings from chipmaking equipment maker ASML revived the AI trade, helping offset concerns about the fallout from fresh…
Heating oil customers to get up to £350 compensation for cancelled orders
Heating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog. As the crisis unfolded, the…
Ships With Iranian Oil Signal Pakistan as Next Stop in Rare Move
Two tankers carrying Iranian oil are signaling Pakistan as their destination, an unusual move that may be an indication they are seeking a safe place to wait as the US blockade takes effect. The Rani and the Amil, which are carrying a combined 1…
China Slashes Oil Refining Volumes After Crude Imports Collapse
Chinese oil refiners slashed output last month to the weakest level in six years, as the industry responded to worsening demand and disruptions to crude shipments from the Persian Gulf. Processing volumes extended their decline in June, dropping…
Heating oil customers to get compensation after cancelled orders and price hikes
Mitchell Labiak Business reporter Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said. Some 1,700 households were forced to…
Heating oil customers to get compensation after cancelled orders and price hikes
Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said. Some 1,700 households were forced to 're-order at significantly higher…
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