Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
No, the Iranian Oil Industry Isn't About to 'Explode
If US President Donald Trump is right, the Iranian oil industry should be imploding by now. On April 26, he predicted the country's wells would “explode” in a “very powerful” destructive process starting in three days.
Opinion: Shocks to global oil industry keep hitting home
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…
From Oil To Critical Minerals: The Next Energy Security Risk
CHONGQING, CHINA - JULY 26: In this photo illustration, metal cubes representing rare earth elements including Neodymium (Nd), Praseodymium (Pr), Dysprosium (Dy), Terbium (Tb), and othersare displayed with their symbols and atomic numbers on…
UAE Exits OPEC+ Alliance: What it Means for Global Oil Markets and Energy Strategy
The United Arab Emirates is set to make a significant policy-driven shift in its long-term energy strategy by exiting the OPEC and OPEC+ alliance, a move poised to reshape global oil market dynamics and align with the nation's domestic economic…
UAE to leave Opec group of oil producers amid Middle East energy shock
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The United Arab Emirates has decided to leave the Opec…
Trump administration blocks US wind energy projects in switch to oil and gas
The Trump administration blocked two permitted US wind energy projects from development this week, with an agreement to pay millions of dollars in refunds to the companies behind them if those funds are reinvested in oil and gas. US Department of…
A key oil producer is quitting OPEC at a critical moment for the market
A major oil producer is walking away from the Organization of the Petroleum Exporting Countries at a critical moment for global energy markets. On Tuesday, the United Arab Emirates announced it will withdraw from the organization on May 1. This…
Turning oil into opportunity as Uganda nears first oil
As Uganda approaches the long-anticipated milestone of first oil, it does so at a moment of profound contradiction in the global energy narrative. On one hand, the world is accelerating toward a low-carbon future, with growing consensus around the…
Falcon Oil & Gas Ltd. - Full Year Results
29 April 2026 - Falcon Oil & Gas Ltd. (TSXV: FO, AIM: FOG) is pleased to announce its financial results for the year ended 31 December 2025. The following should be read in conjunction with the complete audited financial statements and the…
Oil Prices Jump 3% - TT
A boat sails past a tanker anchored on the Strait of Hormuz off the coast of Qeshm island, Iran, on April 18. (Asghar Besharati/AP/File) HONG KONG — World shares were mixed on April 29 following losses on Wall Street, while oil prices gained…
Oil-starved Japan lobbied Iran to get tanker through Strait of Hormuz
A Japanese-owned oil tanker has exited the Strait of Hormuz for the first time since the Iran war began, according to Tokyo and Tehran, potentially offering much-needed relief to a key U.S. ally hit hard by global energy disruptions. The…
UAE quits OPEC in blow to leading oil exporters
The United Arab Emirates will leave OPEC, the decades-old cartel of the world's top oil exporters, delivering a shock that will ripple through global oil markets. CNN's Eleni Giokos has details.
UAE to leave Opec group of oil producers amid Middle East energy shock
The United Arab Emirates has decided to leave the Opec group of oil producers after six decades of membership amid an energy supply shock in the Middle East spurred by the US-Israeli war with Iran. The UAE announced the decision, through the…
Outrageous' oil giant BP making £366 a second as households fear surge in bills
Oil giant BP has been slammed for raking in “astronomical” profits of £366 a second while households pay the price of the Iran war. BP's profits more than doubled to almost £2.4billion in the first three months of this…
EA Gibson Shipbrokers and SOGDC Consortium Sign MoUs to Advance Integrated Energy Hub at Sipitang Oil & Gas Industrial Park
EA Gibson Shipbrokers Ltd (“Gibson”), the London-based shipbroker and project development adviser leading the consortium for the Sipitang Oil and Gas Industrial Park (“SOGIP”) energy hub, today announces the exchange of…
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