Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Better Oil Stock: Diamondback Energy vs. Chevron
Energy prices are volatile right now, as news from the Middle East's geopolitical conflict has investor emotions running high. That said, the tensions have led to a swift increase in oil prices, which is very good news for pure-play energy…
Tanker carrying Russian oil to arrive in Japan amid Hormuz closure
The first tanker carrying Russian crude oil since the closure of the Strait of Hormuz in the Middle East is seen arriving in Japan as early as Monday, according to Japanese industry ministry and other sources. The tanker will deliver crude oil…
Can higher oil prices negate damage to Qatari gas plant for Shell?
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. Shell is set to reveal how the Middle East conflict has…
Trump may not be a fan of clean energy but Iran war is accelerating global shift from oil and gas | Heather Stewart
Operation Epic Fury has thus far achieved none of Donald Trump's war aims, but it may well accelerate the global transition towards the clean energy he loves to hate. Last week brought the latest exchange of verbal blows in the standoff over the…
As Iran war sends oil prices soaring, some see fresh potential for solar in Japan
On the surface, a natural fallout of the energy crisis triggered by the Iran war could see resource-poor Japan pivot to renewable energy in order to reduce its heavy dependence on oil from the Middle East. But two months since the start of the war…
Australian taxpayers take on risk for major oil and gas projects
Major energy companies are telling Australians that this country's oil and gas industry relies 'entirely' on private sector investment. In a recent social media post, the Australian Energy Producers made this claim: 'You might have heard the claim…
Government announces program to unlock land for oil infrastructure
The Queensland government will unlock state-owned land near ports in Brisbane, Townsville, Mackay, Gladstone, Abbot Point, and Bundaberg for market tenders for oil storage facilities and potential refineries. Premier David Crisafulli says the plan…
Oil market four weeks from 'tipping point' with warnings prices could rocket
The oil market is just four weeks away from a “tipping point” which could drive prices significantly higher, it has been warned. Donald Trump has told oil company executives the blockade of the Strait of Hormuz could “continue…
Oil tanker hijacked off coast of Yemen and taken towards Somalia
Mohamed GabobeMogadishu, Somalia Somali pirates have hijacked an oil tanker off the coast of Yemen, according to multiple Somali security officials that spoke with the BBC. The Yemeni coastguard earlier said the tanker MT Eureka had been hijacked…
Indian Stock Market Outlook: State Election Results, Crude Oil, Q4 Earnings Key Drivers
Indian stock markets are set for a volatile week as investors closely monitor the outcomes of key state assembly elections, the persistent impact of high crude oil prices due to West Asia tensions, and the ongoing Q4 corporate earnings season. The…
Oil Tanker Pricing Feud Embroils a Centuries-Old London Market
A legal claim from one of the world's largest oil traders is throwing a spotlight on an arcane but critical corner of global finance — the multibillion-dollar freight market and the 282-year-old City of London institution that sits at the…
Iran juggles oil cuts and storage strain to resist U.S. blockade
As the US naval blockade in the Strait of Hormuz tightens around Iran's oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing production, according to a senior Iranian official. But…
Earthquakes are rattling north Louisiana. Is oil and gas the culprit?
Federal regulators are asking Louisiana to step up oversight of oil and gas operations after a rash of earthquakes in the northern half of the state, including one tremor that matched the largest in state history. In a letter last month, the…
OPEC+ set to agree third oil output quota hike since Hormuz closure, sources say
OPEC+ is set to agree on Sunday a modest oil output hike, sources said, but the increase will remain largely on paper as long as the US-Iran war continues to disrupt Gulf oil supplies. SCROLL TO CONTINUE WITH CONTENT Seven OPEC+ countries have…
America's biggest oil companies are making less money than before the Iran war
The U.S.-Israeli war with Iran has sent crude-oil futures prices soaring, leading to frustration at the gasoline pump and fears of inflation. That would seem like good news for the largest American energy companies, but Exxon Mobil and Chevron are…
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