Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Cuba has run out of diesel and fuel oil, energy minister says, as US blockade pushes island to brink
Cuba has completely run out of diesel and fuel oil, the country's energy minister said on Wednesday, as Havana faces its worst rolling blackouts in decades amid a US blockade that has strangled the island of fuel. “We have absolutely no fuel…
Energy Up Slightly as Oil Futures Hold Above $100/Barrel -- Energy Roundup
Shares of energy companies ticked up as oil futures held above $100-a-barrel in New York. Recent reports of dwindling stockpiles suggest the continued closure of the Strait of Hormuz is pushing the market toward a tipping point, said Hamad Hussain…
EV Sales In Europe Jump With Oil Prices, But Long-Term Impact Unlikely
Iran oil industry concept, industrial illustration - growing graph on Iran flag background. 3D Illustration Electric vehicle afficionados are lauding the increase in sales because of the Iran war-induced increase in oil and natural gas prices, but…
Iran war and oil to dominate BRICS meet in India
Foreign ministers from the BRICS group of nations, including Iran and Russia, meet in India on Thursday, with the Middle East conflict and related fuel crisis set to dominate discussions. SCROLL TO CONTINUE WITH CONTENT India, which holds the BRICS…
Second Japanese Oil Tanker Passes Through Strait of Hormuz
The tanker is expected to arrive in Japan around late May or June, but details, including the vessel's route, cannot be disclosed for safety reasons, an Eneos spokeswoman said Thursday. The Eneos vessel is the second Japan-linked oil tanker to…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU slipped 1.54% to C$65.39 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.73% to 34,041.43. Tourmaline Oil Corp.
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 1.16% to C$180.35 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.73% to 34,041.43. Imperial Oil Ltd. closed 2.9%…
Bosisto's to triple eucalyptus oil production with new distillery
Australian eucalyptus oil maker Bosisto's has opened a new distillery near Wedderburn, in central Victoria. The company says the new plant will triple its oil production. Bosisto's has plans to plant more trees and further expand its operation.
Rosemary Oil vs Castor Oil: Which Is Better For Hair Growth?
With the rise of natural haircare remedies on social media, castor oil and rosemary oil are frequently mentioned for promoting hair growth. Often used in both scalp massages and hair masks, these oils have helped overall scalp health and hair…
S-Oil unveils data center cooling solution in Seoul
May 13 (Asia Today) -- S-Oil said Wednesday it has unveiled an immersion cooling solution for data centers with Global Standard Technology at HVAC Korea 2026 in Seoul. HVAC Korea showcasing all categories of HVAC systems-including heating…
Hunt Oil Boss Sees Middle East Conflict as 'Nightmare Scenario'
Hunter Hunt, the grandson of famed Texas oil baron H.L. Hunt, is concerned about the impact from damaged Middle Eastern energy infrastructure that could leave oil production lower for years to come. In a fireside chat led by Lorie Logan, president…
Oil Prices Dip With No Clear Ending to Iran War - TT
The foreign exchange dealing room at Hana Bank headquarters in Seoul display Asia markets on May 14. (Ahn Young-joon/AP) Wall Street is poised to open with gains May 14 following another record-setting day and developments emerging from U.S.
San Ai Oil Co FY Net Y9.20B Vs Net Y8.66B
San-Ai Oil Co. Ltd. (8097.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y611.57 bln Y654.40 bln Operating Profit Y12.36 bln Y11.81 bln Pretax Profit Y13.44 bln Y12.86 bln Net Profit Y9.20 bln Y8.66 bln Per share Earnings Y147.69 Y136.93…
Supply shock: The Iran war will change the oil market forever
You have reached your maximum number of saved items. Remove items from your saved list to add more. There's an increasing imbalance of global oil supply and demand as the war in the Middle East drags on. With global oil inventories depleting at a…
Iran War Is Going to Make Oil Changes More Expensive - TT
Workers inspect vehicles at an oil change location in Indianapolis. (Luke Sharrett/Bloomberg) The Iran war is throwing a niche corner of the oil market into disarray as fallout from scrambled supply chains for the commodity reaches all the way to…
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