Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
'It's all fear and headlines': energy traders race to keep pace with volatile oil markets
On the weekend that US-Israeli drones first began to rain down on Tehran, energy traders across the world's major financial centres began to redraw their strategies. When they returned to their trading desks on that March Monday morning, they found…
Swans free of oil after spill in Cleethorpes park
Emma Petrie East Yorkshire and Lincolnshire A wildlife rescue says it has 'stepped back' from attempting to capture two swans found covered in oil at a Lincolnshire country park. A spill affecting part of the lake at Cleethorpes Country Park was…
John Constable's oil study a major find, says Suffolk historian
The discovery of an oil study by John Constable that could sell for about £350,000 at auction has been described as 'very significant' by a historian. Constable's practice painting for his 1826 artwork The Cornfield will be sold at auction on…
India turns to 'trusted friend' Russia for oil supply as Iran war energises ties
As Russia comes to India 's aid amid the global energy crisis, a familiar mantra has resurfaced among officials and political analysts – that Moscow is New Delhi's “all weather-friend”. Such a stance is anchored by deep…
Ukraine war briefing: Slovakia PM calls on EU to lift sanctions on Russian oil and gas
US envoys Steve Witkoff and Jared Kushner could travel to Kyiv in April, the Ukrainian president's top aide Kyrylo Budanov has said, amid efforts to revive peace talks with Russia which stalled after the outbreak of war in the Gulf.
Ukrainian Strike Damages Central Russian Oil Refinery, Baltic Port Oil Facility
Ukrainian drone attacks have damaged an oil refinery in Russia's Nizhny Novgorod region and oil transportation infrastructure near the Baltic Sea port of Primorsk, regional authorities said Sunday. A total of 87 drones were shut down over Russia…
Louisiana's abandoned oil wells surge to record numbers. Is the bill coming due?
The number of abandoned oil and gas wells in Louisiana has surged over the past year despite efforts to address the problem, reaching a record high and placing a heavy financial burden on the state to plug them. The recent increase follows a trend…
OPEC+ debates making oil output hike amid Iran war paralysis, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ may approve an oil output increase on Sunday, four sources from the group said, a rise that will largely exist on paper as its key members are unable to raise production due to the U.S.-Israeli war with…
Drone attack triggers fire at Kuwait's oil sector complex; no injuries
A drone attack has triggered a fire at the Shuwaikh Oil Sector Complex, Al Jazeera reported on Sunday, citing Kuwaiti state media. Emergency services were immediately deployed to the site following the strike. According to the state news agency…
Who Makes Costco's Kirkland Motor Oil?
Faced with uncertainties caused by rising oil prices, most drivers are searching for ways to save on car servicing and maintenance, and Costco is becoming the go-to place for almost anything a car enthusiast needs. This includes replacement key…
Trump combines agencies that regulate drilling of offshore oil | Arkansas Democrat Gazette
WASHINGTON -- The Trump administration said Friday it is combining two agencies that were separated after the 2010 Gulf of Mexico oil spill. The Interior Department said the overhaul would increase efficiency and speed up permitting for offshore…
Major oil group drops truth bomb on Gavin Newsom about gas prices
An influential oil industry trade association has lit a flame underneath Gov. Gavin Newsom for blaming soaring gas prices solely on the Trump Administration's war in Iran. Newsom's bombastic social media office blasted the president for giving a…
Trump Says US Can Open Strait of Hormuz, Take the Oil with Little More Time
Anchor: The U.S.-Israel war against Iran is showing no signs of de-escalation. Amid persistent airstrikes and defiant rhetoric from both sides, President Donald Trump said with a little more time, he can reopen the Strait of Hormuz that's…
Shutesbury addresses oil leak cleanup at elementary school
SHUTESBURY — Shutesbury officials are continuing to take corrective action following the recent release of fuel oil from an oil tank in a fuel pump vault outside Shutesbury Elementary School. Town Administrator Hayley Bolton provided an…
Trump's 48-hour ultimatum to Iran puts oil and stock markets on edge; Click to know more | Dynamite News
has issued a stark warning to Iran, saying the country has just 48 hours to meet US demands-including reopening the vital Strait of Hormuz face severe consequences in markets. Updated: 5 April 2026, 2:21 PM IST New Delhi: Donald Trump has issued a…
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