Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
OPEC Sees No Peak Oil Demand as Energy Security Beats Climate
OPEC continues to see no peak in global oil demand, forecasting “robust growth” as governments in the US, Europe and elsewhere prioritize energy security and affordability alongside climate goals. “The increased focus on energy…
Fifa urged to drop Saudi oil giant Aramco as activists target World Cup
As scorching temperatures beat down on World Cup soccer games across North America, climate activists – including former and current professional athletes – are calling for Fifa and other professional sporting organizations to cut…
Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping
Iran effectively shut the Strait of Hormuz after the war with the U.S. and Israel broke out on Feb. 28, choking an artery that normally carries about a fifth of globally traded oil. Reopening of the waterway has begun under a U.S.-Iran agreement…
Oil Mixed as Shipping Through Strait of Hormuz Resumes
'Shipping through the Strait of Hormuz resumed after the U.S.-Iran interim peace deal was signed,' with return of traffic flows through the strait starting to show up in vessel tracking data overnight, said John Oh, economist at Commonwealth Bank…
Stock markets soar and oil prices fall as Strait of Hormuz reopens
Japanese and South Korean stock markets experienced significant gains on Friday, driven by a fragile peace agreement in the Middle East that led to the reopening of the crucial Strait of Hormuz. The reopening of the Strait, following the lifting of…
Iran Oil Surges as Seven Supertankers Sail After Blockade Lifts
Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal with Washington on Wednesday. A total of 11 tankers hauling a combined 20 million barrels…
Oil Prices Fall To 3-Month Lows On U.S.-Iran Deal
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. (Photo: Shady Alassar) Oil prices…
Supertankers With 80 Million Barrels of Oil Ready to Pass Hormuz
Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment's notice, if traders and shipowners give the go-ahead. This non-sanctioned crude from Persian Gulf…
Oil Falls on Signs of Strait of Hormuz's Reopening
2344 GMT — Oil falls in early Asian trade on signs of a reopening of the Strait of Hormuz, a critical channel through which one-fifth of the world's oil is typically transported. “The U.S.- Iran interim peace deal took effect and…
Abu Dhabi Tells Buyers to Load Oil Shipments From Inside Hormuz
Abu Dhabi National Oil Co. has told its customers to resume loading its crude oil from ports within the Persian Gulf, the company said in a notice sent to customers seen by Bloomberg and corroborated by term lifters. The United Arab Emirates…
Oil prices fall and Asian stocks rise as Strait of Hormuz reopens
Japanese and South Korean stock markets soared on Friday, buoyed by a fragile peace in the Middle East that saw the crucial Strait of Hormuz reopen. The development also sent oil prices tumbling further, alleviating immediate inflation concerns…
Hormuz Reopening Shifts Focus to Gulf Oil Storage and Shipping
DOHA, Qatar-With the Strait of Hormuz gradually reopening, Gulf oil producers face a new test: how fast they can clear shipping bottlenecks and turn stockpiled crude into exports. Iran effectively shut the Strait of Hormuz after the war with the…
The Mystery of China's Oil Demand Drop Is No Mystery
It's the biggest conundrum in the world economy right now: How has China managed to go on an oil detox? As my colleague Javier Blas has written, its sharply declining appetite for petroleum is probably the single biggest factor that has kept the…
The Iran oil shock taught traders these key lessons about demand and China
Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago. That marks a drop of more than 30% from their May peak and likely averts the disaster commodity experts had warned about as…
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