Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Covert mideast oil flows are keeping global prices in check
Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging fears of an energy-driven inflation spike, even as the Iran war drags on. The trade of…
Oil Majors Reap $93 Billion Windfall From the Iran War
Oil prices have soared in recent months as a result of the almost complete closure of the Strait of Hormuz, a key trade corridor connecting Asia and Europe. High fossil fuel prices have helped to drive up the profits of oil and gas companies around…
Oil Edges Higher as Middle East Tensions Linger: Markets Wrap
Oil edged higher as traders looked for the next catalyst to set direction, with renewed Israeli attacks on Lebanon and the prospect of fresh US sanctions on Iran adding to geopolitical uncertainty. Global benchmark Brent crude rose as much as 0.5%…
Geopolitical Tensions, Crude Oil Prices, & FOMC Minutes to Influence Indian Stock Market
Analysts predict that global geopolitical tensions, particularly concerning the Strait of Hormuz and the US-Iran standoff, alongside crude oil price movements and the Federal Reserve's policy outlook, will be the primary determinants of Indian…
Chinese Hengli Group company primary importer of sanctioned Iran crude oil
Hengli Group, a Chinese company that employs over 300,000 people and earns over $100 billion per year, is a primary importer of Iranian crude oil, The Wall Street Journal reported on Saturday, citing industry analysts, shipping brokers, and the US…
This Oil Dividend Just Got a Raise. Here's What It Means for Shareholders.
On the dividend front, the energy sector certainly isn't suffering from the summertime blues, as a plethora of pipeline stocks have delivered higher payouts in recent weeks. Count Delek Logistics Partners (DKL +3.27%), which operates in some of the…
Oil steadies with Lebanon tensions and Hormuz risks in focus
Oil steadied as fresh fighting in Lebanon and attacks on vessels in the Strait of Hormuz muddied the outlook for a deal to end the US-Iran war. Brent crude was little changed below US$89 a barrel, after gaining 6 per cent last week, while West…
Covert Mideast Oil Flows Are Keeping Global Prices in Check
By Alex Longley, Anthony Di Paola, Grant Smith and Weilun Soon Aug 16, 2026(Bloomberg) –Middle Eastern oil producers are pressing ahead with shuttling large volumes of crude out of the Persian Gulf, helping keep a lid on prices and assuaging…
Ghee, Oils Worth Rs 35 Lakh Seized After Food Authority Raids In Gujarat
Samples of all the seized products were collected for testing. Summary is AI-generated, newsroom-reviewed Gujarat seized over Rs 35 lakh worth of suspected adulterated ghee and oils in raids Surat factory operated without license, producing…
Binman settles debate on where to put used cooking oil
For those who frequently cook at home, there's a specific kitchen by-product that can prove particularly problematic if not disposed of correctly. Used cooking oil poses difficulties, particularly when you've accumulated a significant quantity, for…
Iran's oil is trapped while rivals' exports from the Persian Gulf are poised to surge, but Tehran could do whatever it takes to break the chokehold
The U.S. can't fully reopen the Strait of Hormuz, and Iran can't stop every ship from transporting oil through narrow waterway. At the same time, the U.S. is preventing Iran from exporting its crude supplies or importing critical goods, while…
Major new North Sea oil and gas drilling licences could be granted within weeks
Major new North Sea oil and gas drilling licences could be granted within weeks, the Sunday Mail understands. The controversial Jackdaw and Rosebank fields would secure around 3500 Scottish jobs and boost the UK economy by £28billion over…
£40 Tefal pan that 'cooks without oil' drops below £25 in flash sale
Shoppers have praised the 'very, very non-stick' pan (not pictured, file photo) This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn more Most of us could do with eating a little healthier than…
Burnham is set to make a 'life or death' decision on the North Sea oil
Andy Burnham 's looming decision on new North Sea drilling could spell 'life or death' for the industry, he was warned on Sunday night. The Prime Minister must soon choose whether or not to approve production from a large untapped oil field west of…
Decision on Jackdaw and Rosebank could be 'life or death' in North Sea - Tories
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Andy Burnham's decision on whether to approve…
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