Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
America's oldest bad idea about oil
Seventy-three years ago, Washington decided that an elected prime minister was bad for the oil market. Mohammad Mossadegh had nationalized the Anglo-Iranian Oil Company, the forerunner of BP. In August 1953, he was overthrown. For decades, the…
Rural communities exposed to heating oil costs, minister says
Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off buying fuel for the winter in the hope prices…
Rural communities exposed to heating oil costs, minister says
David Dixon, in Truro and Julia Gregory, Devon Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off…
Russia says 'massive' drone attack kills one, hits oil sites
A 'massive' Ukrainian drone attack overnight killed one person, wounded five others and set two oil refineries ablaze in the Russian city of Saint Petersburg, its governor said Sunday. SCROLL TO CONTINUE WITH CONTENT 'One person was killed and five…
My Costco price tracker is pretty stable, but big increases hit oil and protein
Like the proverbial pot that's been watched but won't boil, the Costco prices I've tracked this year have remained remarkably calm amid an economy full of heat. A basket of 45 items I'm following rose 3% since July, but that change is largely…
Week Ahead: Rates, AI, And Oil
The 30-day correlation between DXY and the US two-year yield fell to a seven-month low before the firmer than expected September CPI last week, slightly below 0.30. The semiconductor index finished at new lows since mid-September, and in what…
Ukraine targets Russia with more than 1,000 drones, striking oil terminal in St. Petersburg
LONDON and MOSCOW -- Ukraine overnight launched a massive aerial attack, sending hundreds of drones toward targets in Moscow and St. Petersburg, and striking a major oil terminal again despite pressure from President Donald Trump to end such…
RBA's worst nightmare as oil pushes up inflation threat
There are growing concerns within the Reserve Bank that the fallout from the war against Iran means inflation will remain elevated and force it to push up interest rates higher, even if it means more people may end up unemployed as the Australian…
US, Israel face threats of war if oil prices keep rising
High oil prices are going to be an issue over the next few weeks if they continue to stay above $100 a barrel. That is a clear challenge for the United States and also potentially for Israel in terms of keeping a lid on a renewed conflict with Iran…
UKRAINIAN DRONES HIT ST. PETERSBURG, REPORTS CLAIM OIL TERMINAL AND DATA CENTER STRUCK AS REACTIONS SPREAD
Ukrainian drones struck Saint Petersburg overnight, hitting Russia's largest Baltic oil terminal, a VK data center and a power substation, according to claims carried by First Squawk, a news account with 567,000 followers on X. The same account…
Major oil boss update as huge £1.55bn Falklands project approved despite Argentina threats
An oil project off the the coast of the Falklands has been approved An oil boss has welcome the Government's green light to a major project in the Falkland Islands despite threats from Argentina. The Foreign Secretary, Ed Miliband, gave the go…
Diesel, Midterms, Low Stocks: Why Trump Blinked On Russian Oil Sanctions
Low inventories leave the US more exposed to global oil shocks. Summary is AI-generated, newsroom-reviewed US President Trump waived sanctions on Russian oil imports days before they took effect on October 18 The waiver aims to lower US diesel…
Alberta has the world's fourth-largest oil reserves and sends 90% of its crude exports to the U.S. - It will vote on a first step to leaving Canada
For decades, Alberta separatism was a fringe cause. On Monday, voters in Canada's oil heartland will decide whether to take the first step toward a referendum on leaving the country. Alberta, home to the world's fourth-largest proven oil reserves…
Bank of Canada Signals Higher Inflation Forecast as Oil Prices Surge
The Bank of Canada (BoC) is preparing to significantly raise its inflation forecast this month as elevated oil prices and ongoing Middle East tensions increase concerns about persistent price pressures, Governor Tiff Macklem said on Saturday. The…
I asked waste experts how to dispose of cooking oil - they all had the same answer
Experts have shared where you should actually dispose of cooking oil Whether you cook with olive, vegetable, or sunflower oil, you may find that you have some leftover when you've finished cooking. And while it may feel like pouring leftover oil…
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