Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
How a 73-Year-Old Retired Oil Industry 'Gofer' Became a Multimillionaire
Welcome to Kiplinger's My First $1 Million series, in which we hear from people who have made $1 million. They're sharing how they did it and what they're doing with it. This time, we hear from a married 73-year-old Oklahoma man who retired from…
Trump's Iran war leaves US oil reserves so low caverns risk damage
America's emergency oil stockpile has dropped to its lowest level in 40 years, with experts warning that ongoing withdrawals for the war with Iran could permanently damage the underground caverns holding the crude. The warnings arrive as American…
Depleted strategic oil reserve nears level that raises concerns about damage to caverns, operations
The rapid drawdown of the U.S. Strategic Petroleum Reserve could damage the caverns that store the oil, experts warn. The SPR has tumbled below 300 million barrels for the first time since it was filled in the early 1980s, according to federal data…
Spartan Delta Stock: Increasing Oil And Liquids Exposure (OTCMKTS:DALXF)
Spartan Delta is strategically shifting its production mix toward higher liquids exposure. Second quarter 2026 results show a significant increase in liquids production. DALXF is rebuilding post-asset sale and Logan Energy spin-off. The company's…
How Oil Companies And Execs Legally Pass Responsibility For Cleaning Up Leaky Drilling Sites To You: Read This
It's been a hell of a year for oil producers and companies thanks to fluctuating oil prices and the ongoing Iran war. But when it comes time to clean up after the mess they cause just to make those millions and billions in profit, ProPublica…
Strait of Hormuz Crisis: UAE Accuses Iran of Drone Attacks on Oil Tankers, Oil Supply Faces Risk | Dynamite News
New Delhi: The crisis surrounding the Strait of Hormuz, one of the world's most crucial maritime energy routes, has intensified amid rising tensions in West Asia. The United Arab Emirates (UAE) on Friday accused Iran of targeting two oil tankers…
US Signals Indefinite Naval Blockade Of Iran Amid Declining Global Oil Supply
Shipping traffic through the Strait of Hormuz fell to eight vessels on Tuesday The United States on Thursday threatened to maintain a naval blockade of Iran indefinitely, ratcheting up economic pressure on Tehran as ceasefire talks have floundered…
Indian Oil Corporation Invites Applications For Executive Posts, Salary Up To Rs 1.60 Lakh
IOCL Executive Recruitment 2026: The Computer-Based Test is tentatively scheduled for September 24. IOCL Executive Recruitment 2026: Indian Oil Corporation Limited (IOCL) has invited online applications for recruitment to various Executive…
MidCap Financial: Oil And Gas Prices May Upend Income Strategies For BDCs (NASDAQ:MFIC)
MidCap Investment Financial Corporation has shifted to a higher-debt, lower-equity strategy since its 2022 repositioning. MFIC's income-focused lending model faces heightened risk from oil market disruptions and depleted strategic petroleum…
Dietitians Warn: This Is the #1 Thing to Know Before Taking Olive Oil Shots
Scroll through TikTok for more than a few minutes and you'll likely spot someone tipping back a small glass of extra virgin olive oil like it's a morning wellness ritual. Hailey Bieber has helped put the habit on the map, and influencers everywhere…
UAE state oil company says vessel attacked in Hormuz Strait
United Arab Emirates' state-owned oil giant Abu Dhabi National Oil Company (ADNOC) said on Saturday (August 15, 2026) one of its vessels came under attack in the Hormuz Strait, the latest incident in the waterway at the centre of the U.S.-Iran…
Oil to Bitcoin: Norway and UAE Boost Wealth Funds via MSTR and BlackRock
Global oil giants Norway (the 12th-largest global oil producer) and the United Arab Emirates (UAE; the 9th-largest global oil producer) are increasingly exposing their sovereign wealth funds (SWFs) to Bitcoin (BTC). A recent disclosure shows that…
Corrupt DoT head took oil money for reality TV show during oil price spike (update)
Sean Duffy, whose transportation expertise comes from being a contestant on the reality TV show Road Rules, is going back to his roots and filming a reality TV show while on the job. But, as is fitting for the corrupt cabal he's a member of, he's…
India's edible oil problem is not supply: It is policy uncertainty
The government wants farmers to produce more oilseeds, reduce import dependence and strengthen domestic agriculture. But the same market is frequently managed through import decisions, tariff changes and price interventions that influence farmer…
Oil prices rally, US data dents chances of Fed rate hike
NEW YORK/LONDON - US and European shares fell on Aug 14 and oil prices rose more than US$1 a barrel as markets monitored tense US-Iran talks and digested new data that dented expectations for a Federal Reserve rate hike next month. Faltering talks…
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