Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US blockade hits Iranian oil industry hard
Iran is currently unable to export any oil and storage capacities in its own country are becoming scarce. Tehran could be forced to shut down production facilities - with potentially drastic consequences. Shipping traffic through the Strait of…
The Iran war will change global energy markets in these important ways, oil executives say
Governments will prioritize energy security, aiming to diversify their supplies, leading oil executives said. Investments in oil exploration and production will increase, they said. Offshore opportunities will benefit, the oil CEOs noted. Low…
'We are talking about energy security for Europe': Norway doubles down on oil and gas production
In case of any doubt about Norway's commitment to maintain – and expand – its production of gas and oil offshore, the energy minister, Terje Aasland, has a pithy response: “We will develop, not dismantle, activity on our…
Oil-based products are everywhere, from fertiliser to fashion. What are the alternatives?
Substituting the petrochemicals that underpin everyday life is challenging, but there are ways to produce what we need without fossil fuels The standoff in the strait of Hormuz has shown just how dependent the world's economy is on fossil fuels.
Iran War Is Draining World's Oil Buffer at Unprecedented Pace
The world has burned through oil inventories at a record speed as the Iran war throttles flows from the Persian Gulf, eating into the very buffer that protects against supply shocks. The rapidly shrinking stockpiles mean that the risk of even more…
Small US Trader Moves Into Commodity Giants Vitol, Trafigura's Venezuela Oil Turf
George E. Warren LLC, a US oil trading firm based in Florida, broke into Venezuela oil trading, a market that had been largely dominated by commodity powerhouses Trafigura Group and Vitol Group since the ouster of former President Nicolas Maduro…
Watch DOJ Probing Suspicious Oil Trades Tied To Iran War
DOJ Probing Suspicious Oil Trades Tied To Iran War Chair of the SEC and CFTC Gary Gensler joins David Gura and Christina Ruffini on Bloomberg This Weekend to discuss the US Justice Department and Commodity Futures Trading Commission are probe into…
South Korea draws Gulf oil storage interest as Hormuz stays closed
South Korea is drawing growing interest from Middle Eastern oil producers seeking to store crude oil at the country's petroleum reserve bases, the world's sixth largest, amid a prolonged blockade of the Strait of Hormuz, a South Korean official and…
Fragile Iran ceasefire appears to hold as Iran warns the U.S. against attacks on its oil tankers and other ships
DUBAI, United Arab Emirates (AP) — Iran's Revolutionary Guard navy on Saturday warned that any attack on Iranian oil tankers or commercial vessels would be met with a 'heavy assault' on one of the U.S. bases in the region and enemy ships…
Commentary: China's invisible hand is rebalancing the oil market
LONDON: Facing an unprecedented shortage, the oil market is pulling every available lever to rebalance supply and demand. Some are well known: bypassing the Strait of Hormuz using pipelines, releasing emergency stocks and allowing high prices to…
Introducing the 'NACHO' trade: How Wall Street is betting on higher oil prices and persistent inflation
Wall Street is glomming on to yet another acronym inspired in part by Mexican cuisine. Roughly one year after the acronym “TACO” — which stands for “Trump always chickens out” — went from being a viral joke…
US Waits on Iran Reply, Oil Buffer Burning at Record Pace, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Saturn Oil & Gas Inc. (SOIL:CA) Q1 2026 Earnings Call Transcript
Saturn Oil & Gas Inc. (SOIL:CA) Q1 2026 Earnings Call May 7, 2026 10:00 AM EDT Cindy Gray - Vice President of Investor Relations John Jeffrey - CEO, President & Non-Independent Director Scott Sanborn - CFO & VP of Finance Justin Kaufmann - Chief…
Ceasefire appears to hold after US strikes two Iranian oil tankers
DUBAI, United Arab Emirates — A tenuous ceasefire appeared to be holding Saturday after the United States struck two Iranian oil tankers, while the country that hosts the U.S. Navy's regional headquarters said it arrested dozens of people it…
'A year of resistance': Cuba's private sector faces Trump's oil blockade
Havana, Cuba – On a Friday last month, every table outside Oishi's food booth in Pabellon Cuba, an exhibition venue in the heart of Havana, was packed with customers eating burgers and pizzas. While the stand looked like an oasis of plenty…
Receive a Daily briefing on Oil Industry News
Get Started