Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Jim Cramer Notes Oil Is Behind Pressure on Casey's (CASY) and Texas Roadhouse (TXRH)
Starting the lightning round on September 17, when a caller mentioned that they bought back Casey's General Stores, Inc. (NASDAQ: CASY) after listening to the conference call, Mad Money host Jim Cramer remarked: I think that was a very wise move.
Centcom: Over 1B crude oil barrels passed through Hormuz strait in recent months
U.S. Central Command (Centcom) Admiral Brad Cooper said Saturday that U.S. forces supported the transport of over 1 billion crude oil barrels through the Strait of Hormuz “in the last couple of months” despite an ongoing exchange of…
Oil shipments through Strait of Hormuz have hit six-month high: CENTCOM
“Clearly, momentum is building,” Cooper said, adding that the primary transit lanes had been cleared of mines and that thousands of ships had passed through the waterway. “The volume of crude oil, cargo, and liquid natural gas…
Trump's F-35 Bet Outsources War to Saudi Arabia as Oil Prices Soar
The White House's decision to greenlight the sale of advanced F-35 fighter jets to Saudi Arabia marks the latest example of President Donald Trump 's efforts to shift the burden of Middle East deterrence to regional partners. It's a risky bet. The…
World Running Short of Supertankers Threatens Long-Haul Oil Flow
The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available…
Inside U.S. oil's return to global wildcatting: 'It's like geo-porn'
A volcanologist working at the U.S. Geological Survey, Ezra Yacob made a career-defining leap in 2005 when he joined Houston oil producer EOG Resources and its geoscience team at the beginning of the shale revolution. “It was this real…
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
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Houthis Claim Missile, Drone Attacks on Riyadh and Saudi Oil Hub
Yemen's Houthis said they launched missile and drone attacks on “sensitive” sites in Saudi Arabia's capital Riyadh on Saturday, escalating a conflict that has increasingly threatened the kingdom's cities, energy infrastructure and oil…
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
WASHINGTON (AP) — It could be much worse. When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged…
We've been free-riding off Beijing in a weird way' - Oil prices are high but could be much worse. Trump has China's Xi to thank for that
When President Donald Trump launched his war against Iran in late February, energy analysts issued dire warnings that oil prices could more than double during a protracted conflict and urged investors and motorists to buckle up for a bumpy ride.
Voices from the Arab Press: Red lines in Syria, Azerbaijani oil, and Anwar Sadat
Okaz, Saudi Arabia, September 5 As the Quran tells us, only your Lord himself, full of majesty and honor, will remain. Nothing remains except the face of the one possessed of majesty and honor. That is the rule governing the universe. Which brings…
Cuba Hit With National Power Grid Collapse As Oil Sources Dry Up
Cuba's power grid collapsed once again this week, this time at a national level, leaving millions of people across the island without electricity. This is the sixth time since the US cut off fuel sources to the island since January that the…
Ottawa's summer spending flurry offset by stronger GDP, oil revenues
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China Leverages Pressure on Iran to Stop Strikes on Saudi Oil Fields
The request from China carries a self-interest as China's oil dependencies have become problematic since the Strait of Hormuz became a point of economic friction between Iran and U.S. military forces. The Saudi East/West pipeline was also hit by…
Strait of Hormuz Oil Shipments Hit Six-Month High as U.S. Clears Mines
Oil and liquefied natural gas shipments through the Strait of Hormuz have climbed to a six-month high over the past two weeks, as U.S.-led naval escorts and mine-clearing operations improve access to the critical energy corridor, according to U.S.
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