Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Shock Is Causing a $45 Billion Rupture in the Economy
The largest oil disruption in history is widening a divide in the economy. Americans have cumulatively spent about $45 billion more on gasoline and diesel during the war with Iran than they did during the same period a year ago, according to an…
U.S., Iran stall on Hormuz reopening as oil supplies tighten
Iran said transit through the critical Strait of Hormuz will flow once the conflict with the US and Israel is over, but the sides are no closer to resolving their differences or finding a path to achieve it. President Donald Trump returned from a…
US-Iran Conflict, Crude Oil Prices, FII Flows: Key Market Drivers for Dalal Street
Dalal Street is bracing for a volatile week as the US-Iran conflict, crude oil price movements, and foreign institutional investor flows are set to be the major determinants of market direction, compounded by persistent inflation concerns. The…
US Allows Russia Oil Sales Waiver to Expire Despite Tight Market
The Trump administration allowed a waiver that encouraged more Russian crude sales to lapse, even as the Iran war stokes concerns about global oil supplies and higher fuel costs. The expiration effectively ends for now a brief period where the…
NCLAT upholds separate insolvency processes for Videocon Industries and Videocon Oil Ventures
Appellate tribunal NCLAT has upheld separate insolvency proceedings for two Videocon group entities -- Videocon Industries Ltd (VIL) and Videocon Oil Ventures Ltd (VOVL) -- while setting aside an earlier NCLT order that had directed clubbing of the…
Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump's trip to China failed to produce a breakthrough to reopen the critical waterway. While investors have…
China to Cut Levies, US Allows Russia Oil Waiver to Expire, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Brazil's Nostradamus issues major oil warning - 'severe crisis coming'
The psychic has predicted a big shift in global oil markets Brazilian psychic Athos Salomé, known by some as the 'Living Nostradamus', has made an intriguing prediction about the future of the Strait of Hormuz. The parapsychologist who…
Putin's agents are in UK NOW & ready to attack, exiled Russian oil tycoon says
TYRANT Vladimir Putin has chosen to UK as its number one enemy and is ready to attack, an exiled Russian oil tycoon has warned. Russia has ramped up its campaign of hybrid warfare and targeted assassinations across Europe since its invasion of…
Devon Energy vs. Chevron: Here's the Better Oil Stock to Own Right Now
The geopolitical conflict in the Middle East is headline-grabbing news. The energy market disruption caused by this event has pushed oil prices materially higher. That's good news for energy companies, but investors need to step back and make an…
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently
The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain's reliance on imported fossil fuels while damaging…
Oil, Geopolitics, and Occidental Petroleum: Here's Where the Stock Could Be in 12 Months
A lot has happened with Occidental Petroleum (OXY +4.94%) over the past year. The oil company sold its chemicals business and completed its debt reduction plan. Meanwhile, oil prices have surged due to the war with Iran. The surge in oil prices and…
Macro Insights: $200 Oil Shock Looms Amidst Bubble Warning-How To Position Your Portfolio
Global petroleum inventories are plunging, with imminent shortages threatening a dramatic oil price spike to $200 and inflationary shocks. US equities, especially mega-cap tech, are at valuation extremes, with multiple analysts warning of an…
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
Oil stockpiles cushioned the blow from the Middle East supply disruption, but inventories are falling at a record clip as the Strait of Hormuz stays closed. UBS expects inventories to approach all-time lows by the end of May. Prices will spike to…
India scrambles to steady rupee as oil shock bites
The currency has dropped more than five percent since the crisis erupted in February, extending losses from 2025 and making it Asia's worst-performing major currency in 2026 so far. It hit a record low of over 96 to the dollar on Friday, prompting…
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