Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

wsj.com - Collin Eaton - Iran Conflict Is Causing Record Oil Disruption, Energy Historian Says
Iran Conflict Is Causing Record Oil Disruption, Energy Historian Says
Wall Street Journal

The regional spillover of the Iran war is causing the largest-ever disruption of global oil markets, according to Dan Yergin, energy historian and S&P Global's vice chairman. Iraq, Kuwait and Qatar have shut down some energy production in recent…

abc.net.au - Adelaide Miller - Struggling trucking industry hit by higher oil prices
Struggling trucking industry hit by higher oil prices
ABC News

Increasing fuel prices are putting upward pressure on Australia's already struggling road transport industry. Global oil prices have spiked over the past week, reaching about $US114 a barrel on Monday, as geopolitical tensions rise in the Middle…

dawn.com - Ehsan Malik - Oil shock
Oil shock
Dawn

EXTERNAL shocks have repeatedly shaped Pakistan's economic trajectory. From oil crises to global financial turbulence, the pattern is a familiar one: rising import costs weaken the balance-of-payments, inflation accelerates and pressure mounts on…

cnn.com - Hanna Ziady - Why oil prices are trending | CNN Business
Why oil prices are trending | CNN Business
CNN

Crude oil prices soared on Monday as the Iran war continues to escalate, briefly surging to the highest level since Russia's invasion of Ukraine. CNN's Hanna Ziady explains what is causing the spike in prices. Discover more videos, including live…

japantimes.co.jp - G7 nations prepared for joint release of oil reserves amid Middle East strife
G7 nations prepared for joint release of oil reserves amid Middle East strife
The Japan Times

Finance ministers from the Group of Seven major industrialized nations issued a statement Monday vowing to address surging crude oil prices amid the U.S. and Israel's continued conflict with Iran. “We stand ready to take necessary measures…

dawn.com - The Newspaper's Staff Reporter - No shortage of edible oil: PVMA
No shortage of edible oil: PVMA
Dawn

KARACHI: Amid increasing geopolitical tensions and supply chain disruptions caused by the US-Iran conflict, ghee and cooking oil producers have assured that there is no shortage of these items due to sufficient stocks to satisfy domestic demand for…

ft.com - Ian Johnston - Europe considers tapping oil reserves as G7 seeks to smother energy crisis
Europe considers tapping oil reserves as G7 seeks to smother energy crisis
Financial Times

Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…

washingtonexaminer.com - Callie Patteson - Daily on Energy: Oil begins to settle, fireworks return to Mt. Rushmore, and a class action suit over Potomac sewage spill
Daily on Energy: Oil begins to settle, fireworks return to Mt. Rushmore, and a class action suit over Potomac sewage spill
Washington Examiner

Few, if any, tankers have been able to pass through the Strait of Hormuz over the last week, but that's not stopping President Donald Trump from saying the vessels should just go through regardless of the risks. 🚢 Keep reading to see what…

dawn.com - Reuters - Oil falls as Trump predicts Middle East de-escalation
Oil falls as Trump predicts Middle East de-escalation
Dawn

Oil prices fall after surging as high as $119 a barrel on Monday Trump predicted the war in the Middle East could be over soon G7 ready to act on oil surge but holds off tapping reserves Oil prices fell on Tuesday after hitting an over three-year…

afr.com - Michael Read, Angela Macdonald-Smith - Defence taps industry for jet fuel as oil crisis deepens
Defence taps industry for jet fuel as oil crisis deepens
Australian Financial Review

Defence held talks with major resources companies late last year about securing more jet fuel and diesel amid concerns a global shock could threaten supplies, underlining the risk a prolonged Middle East conflict poses to Australia's reserves. As…

thehill.com - Rachel Frazin - Oil briefly reaches $119 per barrel
Oil briefly reaches $119 per barrel
The Hill

It's unclear how long the disruption will last — and therefore how long the markets will be squeezed and how high prices will ultimately go. “The absolute disruption of flows through the Strait of Hormuz is by far the biggest…

dailymail.co.uk - Sara Mcgiff - Stocks tumble as oil surges and gas prices spike
Stocks tumble as oil surges and gas prices spike
Mail Online

Stocks fell sharply Monday morning as oil prices surged above $100 a barrel after Middle Eastern producers began cutting output amid the escalating war with Iran. The Dow Jones dropped 634 points or 1.34 percent, while the S&P 500 and Nasdaq also…

independent.co.uk - Karl Matchett - Oil prices latest: Reeves issues inflation warning over US-Iran war
Oil prices latest: Reeves issues inflation warning over US-Iran war
The Independent

Rachel Reeves has said she is ready to support “a co-ordinated release” of international oil reserves held by the International Energy Agency, to ease the economic shock of the US-Iran war. The chancellor issued a stark inflation…

bbc.co.uk - Peter Hoskins - Iran War: Oil prices fall after Trump warns Tehran over Strait of Hormuz
Iran War: Oil prices fall after Trump warns Tehran over Strait of Hormuz
BBC

Peter Hoskins Business reporter Oil prices fell on Tuesday after US President Donald Trump warned Iran to not block a shipping route crucial to global energy supplies. 'If Iran does anything that stops the flow of Oil within the Strait of Hormuz…

dailymail.co.uk - Jason Groves - Heating oil suppliers are told not to exploit Brits as prices double
Heating oil suppliers are told not to exploit Brits as prices double
Mail Online

Ministers last night warned heating oil suppliers against exploiting the Middle East crisis after prices doubled in a week. Rachel Reeves said she was ready to protect 1.5million households relying on heating oil, who are primarily in rural…

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