Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Investors scored on Iran war's oil market boom. Staying long the trade will get trickier
Blowout earnings from Exxon Mobil, Chevron and Valero Energy this past week showed how the U.S.-Iran war created massive short-term profits in oil. ETFs targeting oil refiners and crude oil price volatility were among big winners over the past six…
3 Bold Oil Predictions for the Second Half of 2026
The geopolitical conflict in the Middle East has cycled through peace talks and renewed conflict. It appears there won't be an easy solution, which isn't exactly shocking. However, the conflict has material implications for the world, given the…
Chevron CEO warns Iran conflict has created 'very real' threat to global oil supplies as gas prices climb
Chevron CEO Mike Wirth warned of 'very real' dangers for the global oil industry as tensions escalate in Iran and Houthi attacks on Saudi oil facilities fuel concerns over a potential new shipping crisis. His comments come as oil prices climb…
Suriname's $26 Billion Oil Bet Is Finally Paying Off
Middle East turmoil, centered on the U.S. war with Iran, is playing havoc with world energy markets. An ongoing dispute over access to the Strait of Hormuz, through which a fifth of world oil and natural gas supply is shipped, is causing prices to…
Ukraine says major Russian oil refinery and airfield hit, as Moscow reports eight deaths
Ukraine has said it carried out overnight strikes deep inside Russia, hitting a major oil refinery and an airfield that houses Russian strategic aviation. President Volodymyr Zelensky said the Engels airfield and the refinery, both in the Saratov…
OPEC, Allies Increase Oil Output for Sixth Time in a Row
The Organization of the Petroleum Exporting Countries and its allies pressed ahead with another oil production increase, a move that would complete the group's planned return of voluntarily withheld barrels to the market while setting the stage for…
OPEC+ Makes Small Quota Hike to Finish Unwinding 2023 Oil Cuts
Major OPEC+ nations approved the latest small increase to their production quotas, a move that will complete the theoretical revival of supplies halted in 2023 and give them scope to add more barrels once the Middle East war ends. Seven members led…
OPEC agrees September oil hike, completing rollback of voluntary cuts
Jonathan Raa | Nurphoto | Getty Images OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts.
Satellite images show evidence of oil leak spreading from sanctioned vessel near Oman
A sanctioned tanker loaded with crude is leaving a growing trail of oil in protected waters off the coast of Oman, according to newly reviewed satellite images, as experts warn the stranded vessel could break apart during the region's rough monsoon…
Disruptions on multiple fronts put oil markets on the brink * WorldNetDaily * by Neil Atkinson, Real Clear Wire
Collapse of the Memorandum of Understanding sees a resumption of the Iran-U.S. war. The collapse of the Memorandum of Understanding (MoU) between Iran and the U.S.—and the resumption of hostilities—carries serious implications for a…
OPEC+ agrees to September oil hike, completing rollback of voluntary cuts
OPEC+ approved an oil production quota increase on Sunday of around 188,000 barrels per day from September, the producer group said, in a move that completes the unwinding of a layer of voluntary output cuts. Due to export disruptions from the…
Diesel price shock looms despite petrol relief as oil volatility bites
South African motorists could receive modest petrol price relief in August, but a sharp diesel price increase is expected to raise transport costs and add to inflationary pressures. South African motorists could see marginal relief at the pumps In…
Iran Warns of Retaliation as Trump Threatens New Strikes, Oil Risks Intensify
Iran warned over the weekend that it would respond forcefully to any new U.S. military action, escalating tensions in the Middle East as President Donald Trump reiterated threats of additional strikes on Iranian targets. The growing standoff has…
Oil Stocks To Keep An Eye On - August 2nd
The 2026 Blueprint: 6 Stocks for a Brand New Portfolio ExxonMobil, Chevron, Valero Energy, ConocoPhillips, Shell, Phillips 66, and BP are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool. Oil stocks are shares of…
Iran Warns Of Retaliation: Plan To Target Saudi, UAE, Qatar Oil And Gas Facilities If US Strikes
Tehran: Iran has issued a threat of retaliation following reports indicating that US President Donald Trump is considering launching attacks against Iranian energy infrastructure, according to Iran's state-affiliated Tasnim News Agency. The news…
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