Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Graham on Iran: I Want to 'Hurt Them More' by Wrecking Oil Industry
Israel-First GOP Senator Lindsey Graham wants President Trump to order more bombing of Iran's civilian infrastructure and to “hurt them more,” and apparently doesn't care that Republicans might well lose the midterms because of…
Korea, Japan agree to strengthen oil, LNG cooperation against energy crisis
President Lee Jae Myung and Japanese Prime Minister Sanae Takaichi agreed to strengthen cooperation on supply chains, including crude oil and liquified natural gas (LNG), during a bilateral summit in Lee's hometown of Andong, North Gyeongsang…
Bond Market's Woes Go Far Beyond the Price of Oil
This article is for subscribers only. Bonds are buckling around the world, propelling borrowing costs to multi-year highs. The causes are rooted in geopolitical, demographic and technology trends that are hitting most everywhere, all at once. Here…
Trump administration extends Russian oil sanctions waiver for 'most vulnerable nations'
The Trump Administration is extending a waiver that allows some Russian oil to be purchased despite sanctions on Moscow, as the war in Iran leads to higher gas, oil and energy prices. The policy is intended to help nations that are the most…
Why Oil Hasn't Hit $150-Yet
TOPSHOT - In this picture obtained from Iran's ISNA news agency on May 4, 2026, vessels are pictured anchored in the Strait of Hormuz off Bandar Abbas in southern Iran. Iran's Revolutionary Guards on May 4 denied that any commercial ships had…
Watch Formentera Partners on Oil Markets, Iran War Impact
Formentera Partners on Oil Markets, Iran War Impact Bryan Sheffield, Managing Partner at Formentera Partners, discusses the impact from the Iran war and outlook for the energy market. He speaks with Paul Allen from the sidelines of the Australian…
Indonesia's oil hub pitch collides with Asean's trust deficit
Indonesia has proposed hosting an Asean oil storage hub to reinforce the region's emergency fuel reserves, as supply disruptions from the Middle East lay bare the region's vulnerability to energy shocks. But analysts say the plan, while attractive…
Exciting Times for Alaska Energy: Pikka Project Now Reaching First Oil
Whenever some proposed new oil or natural gas project is under discussion, the refrain from the left, environmentalists, and climate scolds (but I repeat myself threefold), as part of their objection, proclaim 'but no new oil/gas will be extracted…
A Tale Of Two Oil Shocks: Why 2026 Feels Big, But Isn't As Big As 1973
1973 Sorry No Gas Sign Beside Gas Pumps At Service Station Due To OAPEC Oil Crisis. Whether the 2026 crisis will approach the severity of the 1973 embargo remains to be seen, but it is unlikely. H. Armstrong Roberts/ClassicStock As the world…
FTSE 100 up amid calmer bonds but oil rises again
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 FTSE 100 closed higher on Monday, recouping most of…
I quit money-crisis UK for an island where rent is £99 and olive oil is free
A woman has moved her family from 'money crisis' Britain to a paradis island where her rent is £99 a month and the olive oil is free. Renae Wasik, 43, and her husband Pawel packed up their lives in Welwyn Garden City, Hertfordshire, and moved…
Oil Slips as Trump Spurs Optimism Over Iran Deal: Markets Wrap
Oil dropped and US equity-index futures edged up after President Donald Trump said he was holding off on fresh military strikes, boosting hopes for a deal that could end the war and revive energy flows through the Strait of Hormuz. West Texas…
Brazil Sends Cheap Soy Oil Abroad as Biodiesel Plan Stalls
The world's top soybean producer Brazil is processing record amounts of the crop, but a delay in the country's plans to boost local demand through biofuel mandates has resulted in an excess of cheap soy oil supplies being shipped overseas. While…
Indian Airlines Plead With Oil Majors to Postpone Jet Fuel Hikes
India's airlines have asked state-run oil refiners to hold off on hiking jet fuel prices for domestic flights until the conflict in the Middle East ends, people familiar with the matter said, in a bid to alleviate their rising cost pressures and…
Trump extends Russian oil sanctions waiver for most vulnerable nations
The waiver was extended in April, and officials, including Bessent, indicated that it would not be renewed. A source familiar with the decision to extend the waiver told Reuters that the second extension was required by poor and vulnerable nations…
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