Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rising Oil Prices and Interest Rates Hurt Thor Industries (THO) in Q1
Madison Investments, an investment advisor, released its first-quarter 2026 investor letter for the 'Madison Mid Cap Fund'. The Madison Mid Cap Fund (Class I) declined 4.28% in the quarter, compared to the Russell Midcap Index's 1.29% return. A…
The oil market has moved from fearing shortages to pricing in a very different future
The oil market has gone from fearing a supply shock to worrying about too much crude. International Brent crude oil futures were trading around $73 a barrel early on Tuesday. That is roughly back to prewar levels after topping $126 in April as the…
Why oil prices are stabilizing
Every tit for tat missile strike between the U.S. and Iran matters only if traders believe a significant volume of oil will be permanently removed from the global market. As dramatic as the headlines may be, oil traders are increasingly convinced…
S. Korea Eases Crude Oil Crisis Warning
The Lee Jae Myung administration has decided to lower the nation's energy security crisis warning for crude oil by a notch in the four-tier system to Level Two, or “caution.” Vice Industry Minister Moon Shin-hak announced the change…
Abu Dhabi Proposes New Oil-Pricing System to Mirror Wider Market
The UAE's biggest oil company is proposing a new pricing methodology for the sale of crude supplies to term customers, said people with direct knowledge of the matter, opting for an approach that's more aligned with wider regional trading norms.
Oil Prices Head for Biggest Quarterly Drop Since Pandemic
As traffic through the Strait of Hormuz tentatively reopens following the U.S.-Iran deal to make a deal, oil prices on Tuesday were on track to post a 20% monthly decline and a 30% quarterly plunge in the biggest slump in a quarter since the…
S. Korea Eases Energy Crisis Warning after Securing Alternative Supply Routes for Crude Oil
Anchor: South Korea's energy security crisis warning for crude oil will be lowered a notch, from “alert” to “caution,” as the nation has managed to diversify its supply routes for crude from the Middle East. The decision…
India Plans to Cut Reliance on Middle East Oil After War Shock
India's state oil refiners are planning to reduce their reliance on the Middle East following the supply shock of the Iran war, and will lean more heavily on alternative options including through spot-market purchases, according to people familiar…
Growing Oil Glut Spurs Asian Refiners to Offer Cargoes to the US
Oil output from Persian Gulf nations is ramping up so quickly as the Strait of Hormuz reopens that Asian refiners, already adequately supplied, are pushing some crude to destinations as far afield as California. While Asia is typically the biggest…
Watch Markets: Oil Headed for Largest Quarterly Price Drop Since 2020
Oil Headed for Largest Quarterly Price Drop Since 2020 Oil is set for the biggest quarterly decline since the pandemic and Morgan Stanley is warning of a potential glut ahead as flows through the Strait of Hormuz accelerated following progress on a…
How oil turned the motors of capitalism: a history
The vulnerability of the world economy to oil prices was painfully visible in the first half of 2026 following the US and Israel war against Iran. The power of this commodity to upend economies has been apparent before. In his recently published…
Is coconut oil a weight loss miracle? Doctor debunks 3 myths
In recent years, Hong Kong has seen a surge in trends like 'drinking oil for weight loss' and the 'ketogenic diet.' Many people eager to lose weight quickly blindly follow online fads, consuming a large spoonful of oil on an empty stomach every…
US-Iran Have Delegations In Qatar, But No Direct Talks; Hormuz Energy Transit Rebounds - Oil Down Near Prewar Levels
The Witkoff-Kushner delegation is now confirmed to be in Doha, and yet in its latest official statement Iran's foreign ministry has made clear the Iranian side has no plans to meet US officials 'at any level in the next few days. ' 'What will…
EU Adds Palm Oil for Drugs, Soy Seeds to Deforestation Carve-Out
The EU plans to exempt palm oil derivatives used in medicines and soybeans used for sowing from its landmark rules tackling global deforestation in its latest attempt to blunt the law's impact on sensitive sectors. The carve-outs were among…
Watch Oil Supply Won't Come Back as Quickly as Expected, Babin Says
Oil Supply Won't Come Back as Quickly as Expected, Babin Says Rebecca Babin, Senior Equity Trader at CIBC Private Wealth, discusses the current state of oil market dynamics. She says the market is overestimating the pace of production recovery.
Receive a Daily briefing on Oil Industry News
Get Started