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…
We Don't Need 24/7 Oil Trading. It's Coming Anyway
When it comes to the question of whether the oil industry needs 24/7 trading, my answer is simple: “Hell no.” (Full disclosure, I may have a conflict of interest; namely, I enjoy weekends.) From what I hear in the oil-trading…
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…
Asia stocks up as chip stocks recover, oil eases
Asian stocks mostly rebounded after days of losses on Tuesday led by technology shares, while oil prices eased slightly even as Iran said it had struck hit US military targets in Bahrain and Kuwait. Tech stocks have fallen in recent trading…
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…
The Iran War and the Manipulation of Oil Markets
Our Iran War has fully resumed and last week I published an article on that subject. After many weeks of negotiations, President Donald Trump finally signed a “Memorandum of Understanding” with Iran on June 17th. This was intended to…
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…
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…
Republicans Are Trying to Give Big Oil Immunity for Causing Climate Chaos
Truthout is a vital news source and a living history of political struggle. If you think our work is valuable, support us with a donation of any size. The science used to attribute extreme weather events to climate change has advanced remarkably in…
Oil prices dip as mediation efforts offset US-Iran strikes
July 21 (Reuters) - Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by…
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