Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil is nearing prewar prices. Why hasn't gasoline followed suit?
Oil is nearing its prewar price after the U.S. and Iran agreed to a memorandum of understanding (MOU) intended to end the conflict, but gasoline prices remain significantly elevated. While President Trump has blamed Big Oil for price…
Oil and gas prices drop in time for Fourth of July driving
Oil and gas prices fell ahead of the Fourth of July weekend, as shipping traffic through the Strait of Hormuz picked up, easing the global supply strains created by the war with Iran. International benchmark Brent crude was trading at $72.05 a…
2 Oil Stocks Still Worth Buying With Oil Down to $70 a Barrel
Even with crude oil dipping to around $70 a barrel, ConocoPhillips (COP 0.42%) and BP (BP 1.56%) offer compelling setups for investors focused on structural efficiency, resilient cash flow, and shareholder returns. Their shares are down more than…
Norway oil service lockout takes effect, disrupts offshore drilling
Norway's oil services labor dispute escalates leading to drilling disruption. A lockout affecting around 1,000 oil service workers was declared in response to an ongoing strike by several hundred members of the Safe union. The lockout impacts…
The AI trade cooled and oil sank. A closer look at Wall Street's volatile week
Wall Street spent the week debating who the biggest winners and losers of the artificial intelligence boom will ultimately be. Memory chipmaker Micron's blockbuster earnings reinforced the fervent demand for computing resources, but it also led…
Saudi Aramco resumes oil loading at Ras Tanura in boost to supply
Two Very Large Crude Carriers loaded at Ras Tanura port with another waiting nearby. Saudi Arabia may cut August oil prices sharply. Iraq and Qatar offer crude via tenders. Two empty VLCCs entered the Strait of Hormuz on Friday to load Iranian oil.
Uganda set to start crude oil exports in October 2026'
Uganda is on course to begin its first crude oil exports in October 2026, marking a major milestone in the country's long-awaited commercial oil production programme. The announcement was made by Liu Xiangdong, president of CNOOC Uganda Limited…
Oil Tanker Hit by 'Unidentified Projectile' in Strait of Hormuz, Says British Maritime Agency
London: A tanker transiting through the strategic Strait of Hormuz has been targeted and hit in the latest maritime incident, according to the United Kingdom Maritime Trade Operations (UKMTO). The captain of the tanker confirmed that the vessel was…
M&S £12 olive oil was just named the best-tasting on the market in Which? taste test
This article contains affiliate links, which means we may earn a small amount of money if a reader clicks through and makes a purchase. Olive oil is one of those kitchen staples we all reach for without thinking. A drizzle over salad, a splash in…
Giant Fire Tornadoes Could Help Clean Oil Spills, Scientists Say
Our oceans are under constant threat. In addition to plastic pollution, fentanyl-laden sewage, and skinny-dippers slathered in reef-harming sunscreen, oil spills are notorious marine devastators. They also present a tough dilemma for frantic…
Ukraine pummels key oil hub supplying Moscow for second time in June as Kyiv ramps up pressure on Putin
Ukraine pummeled a strategic oil hub that supplies Moscow for the second time this month on Saturday — part of a new 40-day “influence operation” to force Russian strongman Vladimir Putin to end the war. Drones detonated at the…
Crude oil prices tumble down but relief likely
Crude oil prices tumbled over the last week, extending the downtrend. Brent crude oil futures on the Intercontinental Exchange (ICE) ($72.60/barrel) and crude oil futures in the domestic market (₹6,577/barrel) slumped 9.9 per cent and 9.4…
People Are Taking Daily Shots of Olive Oil for Their Health-Here's What Doctors Say Actually Happens In Your Body
If you're chronically online like me, you've likely seen the recent clip of Hailey Bieber telling Time that she takes a shot of olive oil with lemon every morning. “It tastes like a big gulp of salad dressing,” she said, laughing. As…
Oil costs' fall buoys Wall Street dragged by AI losses | Arkansas Democrat Gazette
NEW YORK -- Most of the U.S. stock market rose Friday after oil prices eased back to where they were before the war with Iran, but drops for stocks swept up in the mania around artificial intelligence technology kept the market in check. The S&P…
ECOnomics Article 51: The War on Science
Note from the Editor: Paul Roberts, a longtime environmental advocate and public servant, died on June 24. He served on the Everett city council from 2005 to 2021 and a term on the Everett Public Schools board of directors from 1999 to 2005. His…
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