Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Second Oil Spike Coming? Consider These 7 High Yields Before It Hits
Producers like Crescent Energy (CRGY, 4.8% dividend yield) are the most direct plays on oil because barrel prices have a direct impact on their bottom line. Look at any chart of an American oil exploration-and-production firm against West Texas…
Is Andy Burnham promising a new dawn for North Sea oil and gas?
The final weekend before Andy Burnham enters Downing Street is being dominated by suggestions he'll announce plans for new drilling in the North Sea. But that could mean many things. We can be confident the new prime minister won't be confirming…
Ukrainian drones set oil facilities in Russia on fire
ARCHIVE – Soldiers from the Ukrainian Ministry of Defense deploy drones against Russia at an undisclosed location in Ukraine. Photo: Efrem Lukatsky/AP/dpa Ukraine has triggered several major fires in the country with new drone attacks on…
Dan Walters: How Gavin Newsom's Complex History with Oil Industry Could Affect a Presidential Run
[ Noozhawk ' s note: We republish news articles and commentaries from CalMatters on state and local policy issues that affect Santa Barbara County readers.] Gov. Gavin Newsom and his family have had a long and complicated relationship with the oil…
Andy Burnham urged to stick to Labour manifesto on North Sea oil
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. Andy Burnham has been urged to stick to Labour's…
Burnham risks Labour backlash if he reverses ban on new oil and gas drilling
Andy Burnham risks his first confrontation with Labour MPs if he announces new oil and gas drilling licences when he becomes prime minister, insiders have warned. Speculation is rife that Burnham will announce some new plans for drilling in the…
Indian Stock Market Outlook: Q1 Earnings, Geopolitics, Crude Oil Prices
Indian stock markets are poised for a dynamic week, with corporate Q1 earnings, escalating geopolitical tensions in West Asia, and volatile crude oil prices identified as the primary forces shaping investor sentiment and market direction. Corporate…
Iran attacks Kuwait oil and water plants to pressure US after infrastructure hit
Critical infrastructure in Kuwait was a “relatively attractive target” for Iran as it sought to escalate without risking a larger response from its Gulf neighbors, international relations expert Dr. Arman Mahmoudian, a research fellow…
Iran shipped 70 million barrels of oil during US truce
Iran exported roughly 70 million barrels of oil worth an estimated $5 billion to $6 billion during a month-long suspension of the US blockade, rapidly rebuilding a financial buffer before restrictions returned, The Wall Street Journal reported on…
Iran makes defiant vow not a 'drop of oil and gas' will leave Strait of Hormuz
Iran today vowed not 'a single drop of oil and gas' will leave the Strait of Hormuz until the US ends its 'criminal' attacks. The warning came after Donald Trump's forces launched a seventh consecutive night of airstrikes on the country on Friday…
U.S. Emergency Oil Reserve Hits Lowest Levels Since 1983: Why It Matters
In underground salt caverns in Texas and Louisiana, the U.S. government stores hundreds of millions of barrels worth of oil in case of energy shocks. Those reserves are now at their lowest levels in decades. In May, President Trump said the U.S.
Andy Burnham urged to stick to Labour manifesto on North Sea oil
Andy Burnham has been urged to stick to Labour's manifesto and block further drilling in the North Sea amid reports he is considering backing new oil and gas projects. Allies of the new Labour leader have said he intends to make a…
Can Australia dodge the next Iran oil shock?
For decades, Iran's greatest perceived threat to the world lay in its nuclear ambitions. But now, the conflict in the Middle East has highlighted another source of power it has quietly possessed all along: the ability to turn off the oil tap.
Oil and Gas Employment Hits a 2026 Low Even as Production Sets Records
Chevron is cutting up to 9,000 jobs this year. That's a fifth of its global workforce, gone, while it digests the $53 billion Hess deal. ExxonMobil trimmed 2,000. BP shed more than 5 percent of its staff, plus 3,000 contractors. ConocoPhillips is…
'We've Burned Through All Buffers': Oil Traders Warn Market Running On Fumes
Brent crude futures jumped a little more than 4% to nearly $88 a barrel, putting the crude oil benchmark on track for its biggest weekly gain since April. That move followed an Axios report that said the Trump administration had notified Israel it…
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