Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, local Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
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: One year of digital access for only $1.44 a week * Enjoy unlimited…
LETTER: Oil repercussions
While 99 percent of us are burned by high gasoline prices, oil companies are raking in extra profit. It's not as though their costs have gone up; they're playing the market because they can. So-called windfall profits are strategic when you know…
Oil Declines Lift Stocks to Fresh Records
A sharp drop in oil prices propelled stocks to fresh records, buoyed by investor optimism over a possible peace deal between the U.S. and Iran. Brent crude futures, the international benchmark, experienced their biggest monthly slump since March…
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
Oil tanker traffic through the Strait of Hormuz may not return to prewar levels even if the U.S. and Iran reach a deal. Ship traffic in the Red Sea, for example, plummeted in early 2024 due to Houthi militant attacks. Two years later, traffic still…
Be Your Own Oil Company With Desktop Fischer-Tropsch Process
Plastics, oil, petrol– the modern world is entirely dependent on hydrocarbons. The good sources are slowly running low and supply is increasingly complicated by geopolitical factors we really don't want to get into, but hey! It's just…
Northern Oil and Gas: Duvernay Acquisition Comes At Fair Price, But Adds To Leverage (NOG)
Northern Oil and Gas is acquiring Duvernay assets (with substantial inventory) for around 3.5x 2027 EBITDAX at $75 WTI oil. The deal price is fair but adds to NOG's leverage, which is now projected at 1.8x at the end of 2026. Northern is projected…
Crude Check: Oil futures at a crucial level
Crude oil prices tumbled over the last week. Brent crude oil futures on the Intercontinental Exchange (ICE) ($91.10/barrel) and crude oil futures in the domestic market (₹8,281/barrel) slumped 12 per cent and 9.7 per cent, respectively.
India's oil shock could have been much worse - but for China
This is what has blunted the oil shock and prevented a deeper supply crunch and even higher prices in the region — at least so far. Meanwhile, US President Donald Trump has said that he is looking to make a “final…
USA is burning through its oil reserves - America must prepare for rising prices
In the USA, gasoline is less than half as expensive as here, but the distances are greater - and because Uncle Sam is tapping into the national oil reserve, prices may soon be significantly higher. Inflation is also higher than targeted - and there…
California Overhauls Carbon Market Over Affordability Concerns
California has become the latest Democrat-led state to retreat on climate goals amid affordability concerns as regulators Friday revamped its carbon market to ease costs to the oil industry. The California Air Resources Board (CARB) voted to give…
Ukrainian drones strike port, oil depot in southern Russia, authorities say
Ukrainian drone strikes hit Russia's oil infrastructure overnight, damaging a tanker and an oil refinery in Taganrog and striking an oil depot in Armavir, Russian regional officials and Ukrainian military said on Saturday. Rostov regional governor…
Ukrainian drones strike port, oil depot in southern Russia, authorities say
Sign up now: Get ST's newsletters delivered to your inbox Published May 30, 2026, 03:29 PM MOSCOW, May 30 - Ukrainian drones struck a tanker at Russia's port of Taganrog overnight and hit an oil depot in the city of Armavir, authorities in the…
Gas prices sink as oil set for 20% drop - largest one-month decline since 2020
Prices at gas pumps are starting to sink and oil is on track to drop 20% in May — its largest one-month decline since 2020 — as investors remain optimistic that a deal to end the Iran war is near. As of Friday, national average…
Oil falls, stocks mixed on US-Iran truce prospects
NEW YORK: Stock markets were mixed while oil prices fell again on Friday (May 29) on investor optimism that the United States and Iran would reach a deal to extend their ceasefire - despite Washington and Tehran offering conflicting views on the…
Receive a Daily briefing on Oil Industry News
Get Started