Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine's drone attacks have left Russia desperately scrambling for oil imports
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…
U.S. looks to Canada for oil, aluminum and pickup trucks - TT
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…
Soap Is Shale's Latest Breakthrough to Boost US Oil Production
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…
Hormuz oil flows rising as Middle East producers ramp up - TT
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…
Dan Haley on the role of oil and gas in Colorado's energy future | The OpEdge Podcast
Dan Haley, executive director of Coloradans for Responsible Energy Development, joins The OpEdge to discuss the role of oil and natural gas in Colorado's energy future amid the state's aggressive push toward “net zero.” Haley tells…
Oil Falls Amid Hopes for Reopening of Strait of Hormuz
2343 GMT — Oil falls in early Asian trade amid hopes for a reopening of the Strait of Hormuz, a key waterway through which one-fifth of the world's oil is transported. Oman and Iran said their foreign ministers discussed an agreement to…
Nasdaq Futures Buoyed by Nvidia Earnings, Software as Oil Falls
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…
Hormuz Oil Flows Rising as Gulf Giants' Ramp Up Accelerates
(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…
Oil prices steady on Iran-Oman talks over Hormuz - TT
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…
Alberta predicting 2026 budget surplus thanks to oil prices, Middle East war
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…
Current price of oil as of Aug. 27, 2026
Expert says Iran losing Hormuz leverage as defenses and oil role decline
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.
$40 Oil Put These 2 Energy Dividends to the Test-Only One Passed
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…
Iraq Offers Oil Outside Hormuz for First Time Since War Began
Iraq is offering buyers of its crude the option to collect supplies from outside of the Persian Gulf for the first time since the Iran war began, highlighting resilient exports flowing through the Strait of Hormuz. The country's state oil marketer…
Trump's oil and gas stock trades continued during Iran war, filings show
Washington — President Trump's investment accounts have continued to purchase and sell stock holdings in oil and natural gas companies while he oversees the U.S. war with Iran, according to his financial disclosure filings through the second…
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