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 consumer buying behaviour is reshaping the edible oil industry
The Indian consumer today is far more alert at the point of purchase than they were even five years ago. People are comparing prices across platforms, checking unit rates, and questioning why two packs of the same oil are priced similarly but…
Tourmaline Oil Corp. stock rises Friday, outperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.88% higher to C$60.69 Friday, in what proved to be an otherwise all-around down trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.32% to 34,857.34. Tourmaline Oil…
Trump's deal lifts oil sanctions on Iran, angering hawks
President Trump's peace deal with Iran offers waivers on U.S. sanctions on Iranian oil, one of multiple facets of the agreement that is angering Iran hawks, including some Trump allies. Critics worry that relaxing the sanctions bolsters the economy…
Moscow oil refinery attack brings Russia's war with Ukraine closer to home
Steve Rosenberg Russia editor, Moscow There are moments when life in Moscow feels completely normal. Thursday morning wasn't one of them. In the south-east of the city an oil refinery had been hit during a Ukrainian drone attack - even from a…
Moscow oil refinery attack brings Russia's war with Ukraine closer to home
There are moments when life in Moscow feels completely normal. Thursday morning wasn't one of them. In the south-east of the city an oil refinery had been hit during a Ukrainian drone attack - even from a distance the sight was surreal. Thick smoke…
The woman who turned cooking oil into soap in Gaza
This article first appeared on our partner site, Independent Arabia After graduating with a degree in chemistry, Marwa envisioned a future of research labs and spotless white coats. Instead, she found herself displaced in a tent with no work…
US-Iran Talks Stall as Fighting On in Lebanon, Oil Flows, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Iran Can Now Sell Oil. How Fast Can It Ramp Up?
President Trump's deal with Iran will allow the Islamic Republic to sell its crude and fuels like diesel on the open market for the first time since 2018. The pact—signed by Trump and by Iran's President Masoud Pezeshkian this…
Vance is wrong, Iran oil sales will obviously fund terrorism
The U.S.- Iran memorandum of understanding to end the war with Iran is as feeble for U.S. and allied interests as the war was foolish. The MOU provides Iran with immediate, significant financial benefits and defers the instrumental question of…
Prediction: Oil Will Hit $60 a Barrel in 2027. Here's How to Invest Now.
The one big thing investors have learned from the geopolitical conflict in the Middle East is that oil and natural gas remain vital to the world's normal functioning. This is why most investors should have some exposure to the sector. That said…
Why Oil Prices Are Falling Even as Tankers Remain Trapped
Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. The signing of the US-Iran ceasefire agreement might provide a 60-day evacuation window for all crude tankers stuck since March…
Oil prices fluctuate after U.S., Iran call off talks in Switzerland
June 19 (UPI) -- Global oil prices have fluctuated slightly on Friday, briefly reaching back above the $80 per barrel mark for Brent crude, as the United States and Iran called off further talks in Switzerland. A stall in talks between the United…
Iran Oil Surges as Seven Supertankers Sail After Blockade Lifts
Iran is shipping large amounts of oil that had previously been held back by a US blockade, a potential boost for Tehran after it signed an interim peace deal with Washington on Wednesday. A total of 11 tankers hauling a combined 20 million barrels…
AI Is Replacing Sustainability As The Latest Business Trend
The decline of sustainability reporting requirements and the rise of AI is causing a drastic shift in the business and sustainability industries. In 2023, one of the top concerns of the business industry was sustainability and climate change.
Oil prices under new wave of pressure amid lingering questions over a Strait of Hormuz reopening
Oil prices bounced around on Friday, as investors absorbed a flurry of headlines related to the fragile U.S.-Iran peace deal, including one that indicated the Strait of Hormuz was again closed. That report surfaced after deadly clashes overnight…
Receive a Daily briefing on Oil Industry News
Get Started