Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
IRGC Warns Gulf States It Won't Hold Back From Hitting Oil Industry Targets
“The regional partners of the United States must know that until today, it has exercised considerable restraint and acted according to the principle of good neighborliness,” the IRGC said in a statement posted by the semi-official…
Keir Starmer ordered to stand up to Ed Miliband over North Sea oil as energy bills rise
Half of Britons want Labour to change policy and allow new oil and gas exploration Pressure is mounting on Sir Keir Starmer to end the ban on new North Sea oil and gas exploration, with fewer than three out of 10 people backing the Government's…
US Emergency Oil Heads to Distant Peru With Decades-Old Energy Flows Upended
Oil from the US emergency reserve is heading to unlikely destinations as the biggest crude-market disruption in history upends decades-old global energy flows. Peru's state-owned oil refiner, Petroleos del Peru SA, has contracted to buy almost half…
The 8 Million Barrel Oil Gap And What It Means For Markets
Despite the US being a net exporter, disruptions in the Strait of Hormuz are hitting over half of global oil flows, exposing how fragile supply really is. Ken pushes back on “demand destruction” narratives, pointing out consumption…
The five most exciting regions for global oil development
Let's start with Guyana on the northern coast of South America. This small, once-impoverished country is the most exciting oil geography in the world. Guyana produced zero oil as recently as 2019. By the end of this year, production should reach 1…
Key Real-World Oil Price Soars to Highest Level on Record
The world's most important price for real-world oil barrels soared to its highest level on record, the latest sign that global crude markets are pricing increasingly scarce supply as a result of the disruption from the Iran war. Dated Brent, which…
Make It Make Sense: Are we facing an oil shortage? | CNN Business
CNN's Pamela Brown asks CNN Business Executive Editor David Goldman why the market believes we're facing an oil shortage and why oil prices are skyrocketing in the US despite the fact that most oil passing through the Strait of Hormuz goes to Asia.
Watch Iran War: Oil Volatility to Worsen on Trump Threat, Crystol Energy Says
Oil Volatility to Worsen on Trump Threat: Crystol Energy Crystol Energy CEO Carole Nakhle says US President Donald Trump's threat to escalate the war against Iran adds more uncertainty and volatility to oil in an 'already-stressed market.' She…
The Iran war oil crisis is now worse than 3 of history's biggest energy shocks combined, IEA chief says
The International Energy Agency chief warned that the oil shock from the Iran war is worse than several historic oil crises combined. The war is in its second month and has already produced the largest supply shock to the global oil market in…
US oil futures spike as Trump ramps up Iran threats and the global supply scramble intensifies
Oil prices jumped on Tuesday after President Donald Trump ramped up threats against Iran. 'We have to have a deal that's acceptable to me, and part of that deal is going to be we want free traffic of oil and everything,' he said at a White House…
Hormuz closure divides the fortunes of Middle Eastern oil states
The Strait of Hormuz's closure and the resulting surge in global oil prices have handed financial windfalls to Iran, Oman and Saudi Arabia, while other states that lack alternative shipment routes have lost billions of dollars, a Reuters…
Oil prices nudge higher amid caution ahead of Trump's Iran deadline
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The price of oil moved higher on Tuesday amid caution…
US Natural Gas Futures Rise on Oil Price Gain, Lingering Cold
US natural gas futures rose on a cold shift in weather forecasts, indicating higher demand for the heating and power-plant fuel even as the gas market's so-called winter heating season recedes in the rearview mirror. Rising oil prices, which have…
Red lights are flashing on the scarcity of oil | CNN Business
Six weeks ago, the world was practically swimming in crude oil. The market was oversupplied and prices were low and stable. But now, some parts of the energy market are acting like the world is on the verge of running dry.
Oil back above $110 in volatile markets as Trump deadline looms for Iran to reopen strait - business live
Brent crude has risen above $110 a barrel again, after Donald Trump warned Iran “a whole civilization will die tonight” if Iran does not make an agreement. Brent, the global oil benchmark, has see-sawed in volatile markets today, and…
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