Oil Industry News

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wsj.com - Oil Edges Higher on Fading Hopes for Strait of Hormuz's Reopening
Oil Edges Higher on Fading Hopes for Strait of Hormuz's Reopening
Wall Street Journal

2335 GMT — Oil edges higher on fading hopes for the reopening of the Strait of Hormuz. The Trump administration has told mediators it has no interest in returning to the terms of a preliminary deal it reached with Iran, which later fell…

theguardian.com - Peter Beaumont - Ukraine's drone attacks have left Russia desperately scrambling for oil imports
Ukraine's drone attacks have left Russia desperately scrambling for oil imports
The Guardian

A sanctioned shadow fleet tanker carries oil from Nato member Turkey to a Russian Baltic port. A deal is signed for Russian oil to be processed in Kazakhstan. Fuel cargoes arrive from India via Egypt. The Kremlin pressures allies to sell it badly…

ttnews.com - Rob Gillies - U.S. looks to Canada for oil, aluminum and pickup trucks - TT
U.S. looks to Canada for oil, aluminum and pickup trucks - TT
Transport Topics

Ford's Oakville Assembly Complex in Ontario will make F-150 Super Duty trucks. (CHCH News via YouTube) President Donald Trump says the U.S. does not need Canada, but the countries remain deeply linked through energy, materials and manufacturing…

independent.co.uk - Josh Marcus - US close to reaching a 'massive' deal for Venezuela's oil: report
US close to reaching a 'massive' deal for Venezuela's oil: report
The Independent

The U.S. is reportedly close to cementing a “massive” deal for access to Venezuelan oil fields. 'Calling this deal huge would be an understatement,' a U.S. official familiar with negotiations told Axios. 'It is massive.' The deal…

bloomberg.com - David Wethe - Soap Is Shale's Latest Breakthrough to Boost US Oil Production
Soap Is Shale's Latest Breakthrough to Boost US Oil Production
Bloomberg

Forget AI-assisted drilling, U-shaped wells and round-the-clock fracking. One of the hottest technologies to squeeze more oil from US shale fields is better soap. Companies have long used detergent-like additives, called surfactants, to coax oil…

ttnews.com - Bloomberg News - Hormuz oil flows rising as Middle East producers ramp up - TT
Hormuz oil flows rising as Middle East producers ramp up - TT
Transport Topics

Ships anchored in the Strait of Hormuz off the coast of Bandar Abbas, Iran. (Ali Saeedi/Getty Images) Crude shipments through the Strait of Hormuz rose to about 6 million to 8 million barrels a day as Gulf producers increased exports despite…

wsj.com - Joe Stonor - Nasdaq Futures Buoyed by Nvidia Earnings, Software as Oil Falls
Nasdaq Futures Buoyed by Nvidia Earnings, Software as Oil Falls
Wall Street Journal

U.S. technology futures jumped in early European trade after bumper earnings forecast renewed optimism around artificial-intelligence stocks, while software earnings quieted investor pessimism on the sector. The world's most valuable company raised…

yahoo.com - Alex Longley, Julian Lee and Yongchang Chin - Hormuz Oil Flows Rising as Gulf Giants' Ramp Up Accelerates
Hormuz Oil Flows Rising as Gulf Giants' Ramp Up Accelerates
Yahoo!

(Bloomberg) -- The flow of crude through the Strait of Hormuz is creeping higher as producers across the Middle East boost exports in the face of Iran's lingering threat to shipping. The increase is keeping global crude oil prices in check. About 6…

ttnews.com - Chan-Ho Him and Michelle Chapman - Oil prices steady on Iran-Oman talks over Hormuz - TT
Oil prices steady on Iran-Oman talks over Hormuz - TT
Transport Topics

Nasdaq signage at the Nasdaq MarketSite in New York. (Michael Nagle/Bloomberg) Oil prices are steady as talks between Iran and Oman on increasing energy flows in the Strait of Hormuz helped ease prices this week. U.S. futures are mostly higher as…

zerohedge.com - Tyler Durden - Trump Close To 'Massive' Deal For Seizing Stake In Venezuela's Vast Oil Fields
Trump Close To 'Massive' Deal For Seizing Stake In Venezuela's Vast Oil Fields
Zero Hedge

Amid ongoing global oil supply disruptions due to the Iran war and Hormuz Strait crisis, and also as Ukraine's war on Russian oil refineries and export terminals heats up, the Trump administration has been scrambling to tap new reliable and…

globalnews.ca - Lisa Johnson - Alberta predicting 2026 budget surplus thanks to oil prices, Middle East war
Alberta predicting 2026 budget surplus thanks to oil prices, Middle East war
Global News

Alberta's finances are swinging back into the black after war in the Middle East sent global energy prices surging. The province's latest fiscal update for the 2026 Alberta budget predicts a $2-billion surplus — a huge turnaround from the…

fortune.com - Joseph Hostetler - Current price of oil as of Aug. 27, 2026
Current price of oil as of Aug. 27, 2026
Fortune

jpost.com - DANIELLE GREYMAN-KENNARD - Expert says Iran losing Hormuz leverage as defenses and oil role decline
Expert says Iran losing Hormuz leverage as defenses and oil role decline
The Jerusalem Post

Though the Islamic Republic has established a “sophisticated panoply” to protect itself against the possibility of regime change, its trump card, the Strait of Hormuz, is losing its strategic value and will continue to do so, Dr.

247wallst.com - Chris Lange - $40 Oil Put These 2 Energy Dividends to the Test-Only One Passed
$40 Oil Put These 2 Energy Dividends to the Test-Only One Passed
24/7 Wall St

Both Tulsa pipeline giants raised payouts in 2026 and survived the last oil crash, but one carries a hidden scar from 2012 that changes everything for retirees counting on uninterrupted income when crude inevitably rolls over again. Published…

newswire.ca - Acerta Energy Ltd. - Acerta Energy Ltd. to Acquire Astara Energy Corp., Adding 5,000 boe/d of Oil-Weighted Production and Growing to an Estimated 13,900 boe/d at Close in Alberta's Established Conventional Oil Fairways
Acerta Energy Ltd. to Acquire Astara Energy Corp., Adding 5,000 boe/d of Oil-Weighted Production and Growing to an Estimated 13,900 boe/d at Close in Alberta's Established Conventional Oil Fairways
CNW

Adds 5,000 boe/d of operated, liquids-rich production, increasing current corporate production by approximately 67% to approximately 12,500 boe/d, rising to an estimated 13,900 boe/d at closing as new wells from Acerta's ongoing drilling program…

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