Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
World's largest heavy lift vessel carries oil platform to Shetland
John Johnston BBC Scotland, Shetland The world's largest lifting vessel has arrived in Shetland carrying a giant North Sea oil platform to be broken up. Allseas's Pioneering Spirit is 1253ft (382m) long and 407ft (124m) wide, with a 5,000 tonne…
World's largest heavy lift vessel carries oil platform to Shetland
The world's largest lifting vessel has arrived in Shetland carrying a giant North Sea oil platform to be broken up. Allseas's Pioneering Spirit is 1253ft (382m) long and 407ft (124m) wide, with a 5,000 tonne crane for lifting the topsides of…
Drill, Burnham, drill? The oil basin that is a totem for Trump - and a headache for Britain's new PM
When oil was first discovered off the north-east coast of Scotland in September 1969, industry folklore has it that the duty superintendent on the rig carefully poured it into a pickle jar commandeered from the canteen and took it back to Amoco's…
Crude Oil Prices, Geopolitical Tensions to Influence Indian Stock Market
Indian stock markets are poised for volatility as analysts highlight crude oil prices and geopolitical developments, particularly the US-Iran conflict, as key factors influencing market movements, alongside crucial insights from the Jackson Hole…
Hormuz crisis hides a deeper oil threat that could outlast the war
As global attention remains fixed on tankers moving through the Strait of Hormuz, a petroleum geologist is warning that the more consequential energy story may be unfolding thousands of feet underground — and could continue long after any…
US Oil and Gas Workers Drive Production to Record High: Energy Secretary Chris Wright
Washington: US Energy Secretary Chris Wright on Saturday (local time) said American oil and gas workers have pushed production to an all-time high, making the United States the world's largest producer of oil and natural gas. 'American oil and gas…
I Stopped Cooking Chicken in Olive Oil - For the Best Flavor, I Always Swap in This Instead
We independently select these products—if you buy from one of our links, we may earn a commission. All prices were accurate at the time of publishing. As a home cook who cooks and eats more than 95% of her meals at home, I'm super into…
Can This 6.3% Yield Survive if Oil Crashes Again?
If you are looking to add some yield to your portfolio, Energy Transfer 's (ET -0.09%) 6.3% distribution yield will likely be attractive to you. The one caveat is that it operates in the energy sector, and the last time the sector was in a…
Iran Allows Iraqi Oil Tankers Through Strait of Hormuz
Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after repeated requests from Baghdad, offering limited relief as regional tensions continue to disrupt one of the world's most important energy routes. Iran's…
Somali Pirates Hijack Oil Tanker Off Yemen in Latest Attack
Somali pirates hijacked an oil products tanker off Yemen, a Somali maritime security official said, the latest in a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and western Indian Ocean. Six…
Six EU nations reportedly push windfall tax on oil giants
Six EU nations want the bloc to introduce a windfall tax on oil companies' “excessive profits” linked to price hikes caused by the US-Israeli war on Iran, several media outlets reported on Saturday, citing a joint letter from the…
Leave the Oil in the Ground
I'd like to respond to the letter by Gerald Quindry in last week's Independent. His general idea is we need to drill oil here specifically because we need oil for chemical feedstocks, fertilizer, lubrication, roads, etc. I find this idea self…
How long could global oil stockpiles last if supply disruptions continue?
Natural Gas Slumps Toward 200-Day Moving Average Support By: Bruce Powers | April 14, 2025 🔸 Natural gas broke to $3.31 with bearish signals increasing, likely setting up a test of multi-indicator support around the 200-Day MA near $3.05.
Chinese oil refiner Sinopec's half-year profit grows 19.3% despite Iran war, falling demand
BEIJING - China's Sinopec reported an unexpected 19.3 per cent year-on-year increase in net profit for the first half of 2026, despite a litany of issues, including the Middle East conflict and falling demand for fuel domestically. But it said it…
Oil Stocks To Keep An Eye On - August 22nd
The 2026 Blueprint: 6 Stocks for a Brand New Portfolio ExxonMobil, Chevron, ConocoPhillips, Marathon Petroleum, Valero Energy, Phillips 66, and Targa Resources are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool.
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