Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
CME Shelves Plans for 24/7 Oil Contract After Industry Pushback
CME Group Inc. is shelving plans to launch a round-the-clock oil contract following industry pushback. “Based on extensive conversations with industry participants, we have determined that key constituents are concerned that introducing 24/7…
SCOTUS must show oil companies they aren't above local accountability
A basic moral principle is also a rule of law: If you lie about something and your lies cause harm, you should compensate people you injured. Sounds simple, but what counts as harm, whether the lie caused it, and what compensation is appropriate…
Republican lawmakers distance themselves from Big Oil
The average cost of diesel stands at $6.52 a gallon as of late September, according to AAA, an increase of more than 80% from a year ago in the hardest-hit states, many of which are competitive in the November midterm elections. The response from…
Energy sector outperforms S&P 500 in Q3 as oil prices rise (XLE:NYSEARCA)
The energy sector () advanced 16% in the July-Sep quarter, compared to a 2% rise in the broader market (SP500), finishing as the top-performing market sector. Expanding conflict in the Middle East squeezed global oil supplies in the quarter…
Trump says US deal with South Korea includes US$8.4 billion for oil recovery
President Donald Trump said on Friday that a US trade deal with South Korea now includes US$8.4 billion (HK$65.52 billion) for an oil recovery project. SCROLL TO CONTINUE WITH CONTENT “The Republic of Korea Deal keeps getting BETTER! 8.4…
This 26% off cleansing oil is a 'miracle worker' at removing blackheads
If you have oily, acne-prone skin like me, then you know the frustration of dealing with blackheads and breakouts. You may think that using a cleansing oil sounds counterintuitive when your face is already an oil slick, but trust me when I say that…
G7 nations will release 100 million barrels of oil and diesel fuel after prices soar
WASHINGTON (AP) — The Group of Seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with “substantial” amounts of diesel after the fuel…
Big Oil fears the evidence of its deliberate climate lies
No one knows how the US Supreme Court will rule in Suncor v. Boulder, the case that will kick off the court's fall term next week and will likely decide whether the city and county of Boulder, Colorado, will be able to put oil giants ExxonMobil and…
Middle East Oil Exports Recover as Tanker Costs Surge
Middle East oil exports are moving closer to pre-war levels, but record tanker rates, vessel shortages and disruptions around major shipping routes continue to put pressure on global energy markets, according to PVM Oil Associates, part of TP ICAP…
325 million barrels of oil from strategic reserves released, says International Energy Agency
Sign up now: Get ST's newsletters delivered to your inbox Published Oct 03, 2026, 09:10 PM PARIS - The International Energy Agency (IEA) said on Oct 3 that member countries had so far released 325 million barrels of oil and oil-derivative products…
'Unknown Projectiles' Hit 2 Oil Tankers In Hormuz: UK Maritime Agency
The first attack caused 'a small fire and blackout onboard', a UK Maritime agency said. Summary is AI-generated, newsroom-reviewed Two oil tankers were hit by 'unidentified projectiles' in the Strait of Hormuz region The first attack caused a small…
Mattress stains will disappear with 8p natural item that can help absorb oil
Your mattress may be looking worse for wear after summer Those sticky, humid summer evenings may have left their mark on your mattress, causing it to look rather worse for wear. Over time, mattresses absorb all manner of stains from body lotions…
G7 nations to release oil, fuel from reserves | Arkansas Democrat Gazette
WASHINGTON -- The Group of Seven wealthy democracies said Friday that they plan to release 100 million barrels of oil and fuel products in the coming weeks, starting with 'substantial' amounts of diesel after the fuel recently hit record high…
Oil stains will vanish from clothes if treated with 2 household items before washing
Two household items might be the secret to effectively removing oil-based stains from clothes Stains can be a pain to deal with, ruining perfectly pristine clothing. Depending on the source of the stain, they can be difficult to remove even with a…
IEA says 325 million barrels of emergency oil has been released
The International Energy Agency said Saturday that member countries had so far released 325 million barrels of oil and oil-derivative products from strategic reserves, from the 400 million barrels promised in March. The update came a day after G7…
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