Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Life's Too Short for Bad Olive Oil
MICHAEL:... HALT is the acronym for it, but heat, air, light, and time are the things that really degrade oil. MICHAEL: So exposing it to the air, the light, and then the time obviously, the longer you wait, the more likely it's going to go rancid.
Korea's crude oil supply stable despite uncertainties: industry ministry
Korea's crude oil supply remains stable despite renewed tensions in the Middle East, the industry ministry said Tuesday, vowing to closely monitor major shipping routes in the region. 'Korea has already secured crude oil equivalent to 110 percent…
Houthi Threats Ignite New Oil Price Surge
Houthi attacks are expanding the Middle East conflict into the Red Sea, forcing tankers to reroute and pushing Brent above $91 amid growing fears of prolonged supply disruptions. Aramco Floods the Red Sea With Crude Ahead of Houthi Escalation…
California Wildcatter PCEC Near Deal on Venezuela Oil Fields
Pacific Coast Energy Co., a small California producer, is nearing a deal to operate Venezuelan oil fields as the US-backed government in Caracas presses potential partners to sign contracts by the end of July. The firm is one of several that are…
The real oil shock from the Iran war might be just beginning
You have reached your maximum number of saved items. Remove items from your saved list to add more. A new front has opened in the war in the Middle East, global oil and refined product inventories are tumbling and oil and gasoline prices are…
The Oil Market Is Much More Vulnerable Than Trump Believes
Peace between the United States and Iran has broken down, and the price of Brent crude oil is rising. While prices are still well below previous wartime peaks, oil markets are once again under pressure—and things are almost certain to get…
Stocks rebound as Mideast mediation pushes oil lower
By Ankur Banerjee and Johann M Cherian July 21 (Reuters) - Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade…
IEA warns Mideast hostilities increasing oil supply concerns - TT
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco's Ras Tanura oil refinery and oil terminal in Ras Tanura, Saudi Arabia. (Simon Dawson/Bloomberg) IEA said it is closely monitoring oil markets as escalating Middle East hostilities…
Oil prices rise to five-week high on US-Iran attacks, Houthi blockade threat
NEW YORK, July 21 (Reuters) - Oil prices climbed about 2% on Tuesday to a five-week high, on worries that energy supply disruptions could worsen in the Middle East due to more attacks between the U.S. and Iran and a threatened naval…
South Korea Secures over 90% of September Crude Oil Needs
The government says it has secured more than 90 percent of its required crude oil supply for September, despite rising supply chain instability in the Middle East due to the intensifying conflict between the United States and Iran. The Ministry of…
Oil Rises Amid Growing Concerns Over Supply Disruptions in Middle East
2336 GMT — Oil rises in early Asian trade amid growing concerns over supply disruptions in the Middle East. “A Kuwaiti oil tanker was attacked in the Strait of Hormuz northeast of Oman by an unknown projectile,” ANZ Research…
Treasury Yields Hit Two-Month High as Oil Sparks Inflation Risk
The US Treasury market fell, pushing 10- and 30-year yields to the highest levels in about two months, as a surge in crude oil prices stoked concern that inflationary pressures will prompt the Federal Reserve to raise interest rates. Yields on…
Oil prices climb as U.S. strikes Iran for 10th straight night - TT
People stand on a bridge destroyed after a strike in Hormozgan province, southern Iran, on July 18. (Amirhosein Khorgooi/Iranian Students' News Agency via AP) Oil prices climbed as the U.S. announced another round of strikes targeting Iran for a…
Why the Iran war hasn't caused a global oil crisis - yet
When the Strait of Hormuz first closed at the start of the 2026 Iran war, the world braced for the “ largest energy crisis in history.” Before the conflict began, almost 20 percent of the world's traded oil passed through the narrow…
Stock Market LIVE Updates, Sensex Today: Markets Likely To Open Lower As Oil Advances Amid US-Iran Tensions
Stock Market Live Updates: Indian equity benchmarks are likely to open in red on Wednesday. Riya Sehgal, Research Analyst, Delta Exchange Crypto markets are regaining momentum as improving risk appetite, institutional demand and short covering…
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