Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How a 73-Year-Old Retired Oil Industry 'Gofer' Became a Multimillionaire
Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a married 73-year-old Oklahoma man who retired from…
Peter Thiel Reports Stake in Argentine Shale Oil Exporter Vista
Peter Thiel's hedge fund acquired a sizeable stake in Vista Energy SAB, Argentina's top oil exporter, increasing his ties to the South American country after recently buying a mansion in Buenos Aires. Thiel Macro LLC reported owning almost 1.2…
Trump's Iran war leaves US oil reserves so low caverns risk damage
America's emergency oil stockpile has dropped to its lowest level in 40 years, with experts warning that ongoing withdrawals for the war with Iran could permanently damage the underground caverns holding the crude. The warnings arrive as American…
Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn. The SPR has tumbled below 300 million barrels for the first time since it was filled in the early 1980s, according to federal data…
Ghee, Oils Worth Rs 35 Lakh Seized After Food Authority Raids In Gujarat
Samples of all the seized products were collected for testing. Summary is AI-generated, newsroom-reviewed Gujarat seized over Rs 35 lakh worth of suspected adulterated ghee and oils in raids Surat factory operated without license, producing…
Binman settles debate on where to put used cooking oil
For those who frequently cook at home, there's a specific kitchen by-product that can prove particularly problematic if not disposed of correctly. Used cooking oil poses difficulties, particularly when you've accumulated a significant quantity, for…
Major new North Sea oil and gas drilling licences could be granted within weeks
Major new North Sea oil and gas drilling licences could be granted within weeks, the Sunday Mail understands. The controversial Jackdaw and Rosebank fields would secure around 3500 Scottish jobs and boost the UK economy by £28billion over…
£40 Tefal pan that 'cooks without oil' drops below £25 in flash sale
Shoppers have praised the 'very, very non-stick' pan (not pictured, file photo) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Most of us could do with eating a little healthier than…
Geopolitical developments, crude oil major driving factors for market movement this week: Analysts
Trading activity in the stock market this week will depend on the developments surrounding the Strait of Hormuz, the US–Iran standoff and crude oil, analysts said. With the quarterly earnings season now over, investors would also monitor the…
Russian Forces Strike Oil Refinery in Poltava Region Producing Fuel for Ukrainian Military
'In Kremenchug, Poltava region, the largest oil refining facility - the Kremenchug oil refinery, which produces fuel and lubricants for the Ukrainian armed forces - was struck,' the statement read. The ministry added that the plant's surviving tank…
Oil spill hits Oman shores: How are slicks cleaned, why is it concerning for Gulf
As Oman battles the spread oil spill threatening its marine wildlife — known to be one of the worst in the region — the focus has shifted towards human intervention causing major collateral damage to nature. On August 6, the transport…
Oil prices retain highs - Trump says 'I'll never apologize'
Published August 16th, 2026 - 08:09 GMT ALBAWABA - The oil market finds no reprieve as the Iran war continues to stifle supply and drive up prices through shortages and insurance premiums. Trump, who ran on a campaign avoiding lengthy and expensive…
How Iran War Turned China Into a Global Oil-Price Stabilizer
Instead, Brent crude has remained remarkably stable, hovering below $90. The main reason for this unexpected reprieve is China's leverage over the oil markets, the Economist reports.China, the world's largest oil importer, responded to the crisis…
Corrupt DoT head took oil money for reality TV show during oil price spike (update)
Sean Duffy, whose transportation expertise comes from being a contestant on the reality TV show Road Rules, is going back to his roots and filming a reality TV show while on the job. But, as is fitting for the corrupt cabal he's a member of, he's…
Pezeshkian says Iran's economic problems multiply as oil revenues fall
TEHRAN — Iran's economic problems have worsened significantly since the start of the war with the United States and Israel, with declining oil revenues and damage to factories putting further pressure on state finances, President Masoud…
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