Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump invokes Defense Production Act to boost oil, coal and energy infrastructure
President Trump on Monday invoked wartime authority under the Defense Production Act (DPA) to try to push for more oil, gas and coal. The DPA gives the president the authority to increase the production of certain items to advance national…
Trump is an absolute disaster for the oil and gas industry
You have reached your maximum number of saved items. Remove items from your saved list to add more. Add articles to your saved list and come back to them anytime. The bittersweet joke in energy circles is that the Nobel committee should create a…
Higher Oil Prices Pose a Dilemma for US Shale
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, energy reporter David Wethe looks at the path ahead for US shale drillers as oil trades 30% above prewar levels. The casual observer…
So what is the real oil price right now?
For all my reporting life, I've dreaded one question: What is the price of oil — the real one? Invariably asked during a crisis, it demands a neat answer, a precise dollar-per-barrel figure. But each time my reply is anything but: It depends…
Oil, Equities, and Relative Valuation Trends: Macro Man Podcast
Bloomberg's Cameron Crise discusses the statistical linkage between US equities and oil, as well as relative valuation trends across global stock markets.
China Aggressively Sold Oil in Recent Weeks, Mercuria CEO Says
Chinese oil companies have been aggressive sellers in recent weeks, selling barrels to several nations in tenders, according to the chief executive officer of commodity trader Mercuria Energy Group Ltd. “What has been happening in the last…
Famed investor Jeremy Grantham warns of 'painful' consequences from the oil spike
An investing legend has a warning for investors: more pain is likely coming. Jeremy Grantham, the famed bubble watcher and cofounder of GMO, said he believes the outlook for the US economy in markets looked 'dangerous.' That's due to a confluence…
U.S. forces board an oil tanker previously sanctioned for smuggling Iranian crude oil
U.S. forces have boarded an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia, the Department of Defense said Tuesday. In a social media post, the Pentagon said U.S. forces “conducted a right-of-visit maritime…
Asia's Largest Oil Buyers Are Running Low on Hormuz Alternatives
Asia's largest oil buyers have been able to lean on workarounds to limit the impact of more than seven weeks of war in the Persian Gulf, shielding not only their own economies but those of neighbors competing for cargoes. That luck is beginning to…
North Sea Oil Firm Seeks Controversial Tax Break to Cement Sale
This article is for subscribers only. Welcome to The Brink. I'm Constantine Courcoulas, a reporter in London following the courtroom drama play out between a North Sea oil producer and the UK tax authority. We also have news on an attempt by…
Texas Oil Pipes Are Running All-Out to Supply War-Driven Overseas Demand
Texas oil pipelines are running above designed capacity in some cases amid rampant overseas demand for US crude to replace cargoes stranded by the Iran war. Pipeline flows from the Permian Basin to Gulf Coast export terminals have climbed to an…
Are Peptides Just Snake Oil? Don't Ask the FDA
The Food and Drug Administration will hold meetings this summer to discuss whether compounding pharmacies should be allowed to manufacture half a dozen commonly sought, yet unproven peptides. Health Secretary Robert F. Kennedy Jr. claims the move…
US Says It Boarded Oil Tanker, First During Iranian Blockade
The US government said it stopped and boarded a sanctioned oil tanker in its campaign to disrupt Iran's shipping network, the first such intervention since the imposition of a blockade just over a week ago. American forces conducted a…
Government grant to replace oil boilers with heat pumps boosted as prices bite
Households grappling with the escalating expense of heating oil are set to receive enhanced grants to facilitate the replacement of their oil boilers with electric heat pumps, the Government has announced. Ministers are increasing the grants…
U.S. forces board a sanctioned oil tanker 'without incident' in the Indian Ocean, the Pentagon says
WASHINGTON (AP) — U.S. forces have boarded an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia, the Department of Defense said Tuesday. In a social media post, the Pentagon said U.S. forces 'conducted a right-of-visit…
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