Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
DR Congo: Oil Company Operations Pose Grave Pollution Threat
Pollution linked to the Democratic Republic of Congo's only oil producer poses serious health risks to communities near its operations. Perenco, the oil company, has engaged in gas flaring and waste burning that have contributed to poor air quality…
Trump shares 'Strike on Kharg' image, reviving Iran oil hub focus
President Donald Trump has shared a series of images on Truth Social centered on Iran 's energy infrastructure and maritime trade, including one bearing the message 'Strike on Kharg'—a reference to Iran's most important oil-export hub and a…
Oil and gas explorer Lakes Blue Energy launches capital raising
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
JGB Futures Rise Amid Falling Crude Oil Prices
0015 GMT — JGB futures rise in early Tokyo trade amid falling crude oil prices that typically lead to lower inflation in Japan. Investors will closely monitor the BOJ's two-day meeting starting Thursday, where the central bank is widely…
China industrial profit growth slows again in June as retreating oil prices sap earnings lift
China's industrial profits rose 15.1% in June from a year earlier, slowing for a second straight month. Industrial corporate earnings have rebounded this year, thanks to an AI-fueled boom in chip and equipment manufacturing. Economists expect…
Oil Market's Glut Narrative Just Blew Up
Less than a month ago, analysts were warning of a looming glut of crude oil as tanker traffic via the Strait of Hormuz began to recover amid a U.S.-Iran ceasefire. Within days of these warnings, the ceasefire was a painful memory, missiles were…
Home heating oil: Prices jump £100 in three weeks in Northern Ireland
The price of home heating oil is on the rise again after a period of respite. Consumer Council for Northern Ireland (CCNI) figures show that in just three weeks the average cost of 500 litres of home heating oil has jumped from £346.59 to…
Oil Tumbles as US and Iran Pause Military Strikes: Markets Wrap
Oil dropped and US equity-index futures rallied as the US and Iran refrained from retaliatory strikes, easing concerns over potential disruptions to Middle East energy supplies after a recent escalation in the conflict. Brent crude fell as much as…
Oil Falls Amid Easing Supply-Disruption Concerns
2337 GMT — Oil falls in early Asian trade amid easing concerns over supply disruptions in the Middle East. President Trump has put off a major escalation of the U.S. military campaign against Iran amid efforts to revive diplomacy to open the…
Rising oil prices could force up UK interest rates, say economists
The Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists. Before a meeting of Bank officials on Thursday, economists…
Soybean Oil Drops Most in Month After US Halts Strikes on Iran
Chicago soybean oil futures fell the most in a month on Monday as the US pause in strikes against Iran eased fears of further escalation, sending crude prices tumbling and pulling grain and oilseed markets lower. The US halted its nearly two-week…
Iranian oil minister says it sold $18b. of oil during war, ceasefire
Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100…
Argentina's Oil Production Soars as Vaca Muerta Breaks New Records
Argentina's massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn't come at a better time…
Oil, Tariffs, And War Hit Markets Together (SP500)
Markets are confronting a rare three-way shock: war in the Middle East, renewed shipping disruption, and a broader U.S. tariff wall. Brent near $100 matters far beyond energy stocks. It threatens consumer spending, corporate margins, and the Fed's…
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