Oil Industry News
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Drone Strike Triggers Fire at Fujairah Oil Industry Zone
Despite the targeted nature of the attack, authorities confirmed that there were “no casualties” as a result of the strike. In response, emergency teams were immediately dispatched to the area and remain on-site dealing with the…
Iran Continues Attacks on Energy Supplies, Oil Rises, More
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UAE Gas Field Hit, Key Oil Hub Halts as Energy Attacks Intensify
A large gas field in the United Arab Emirates was set ablaze after a drone strike and a vital oil port was halted again, piling pressure on energy markets and supply with each day that the Iran war goes on. The latest incidents in the UAE add to a…
Iran 'Starts New Phase Of Oil War' After Energy Production Hit
Crude oil futures rose in overnight trading, with Brent nearly reaching $105 per barrel and WTI climbing as high as $98.42 per barrel, as Iran intensified drone strikes on energy infrastructure across the Gulf. ' Further ominous developments today.
Rising Oil Prices Hurt Stocks, Bolster Dollar
Oil prices pushed higher as Iran stepped up its attacks on energy infrastructure in the Middle East, dragging on stocks and bolstering the dollar. Strikes on the United Arab Emirates' Fujairah Oil Industry Zone and its Shah gas field helped keep…
Iran-Israel war LIVE updates: Fire breaks out in UAE's Fujairah oil industry zone after drone attack
A fire broke out in the Fujairah Oil Industry Zone in the United Arab Emirates (UAE) early Tuesday (March 17, 2026) following a Iranian drone attack, the emirate's media office said…
Drone strike triggers fire at Fujairah Oil Industry Zone; 'no casualties' reported
A fire has erupted within the Fujairah Oil Industry Zone following a drone strike at the facility, according to a report by Al Jazeera, citing the local government's media office. The incident occurred at the energy site located approximately 150…
Oil, gas prices jump as Trump flirts with striking Iranian oil infrastructure
President Donald Trump's suggestion that Iranian oil infrastructure could be a U.S. target sent oil and gasoline prices higher on Monday, as traders weighed the risk of a deeper confrontation that could further exacerbate global energy supplies. On…
This isn't your grandfather's oil crisis
For Americans of a certain vintage, perhaps even the 79-year-old President Donald Trump himself, a Middle East war plus a jump in oil prices triggers a painful muscle memory. As they look with worry at Iran, their minds conjure past scenes of gas…
Exclusive: Oil majors, smaller energy firms stand to gain from the Iran war
Oil and gas majors' share prices are surging on the expectation of a windfall from the war in Iran, and a range of smaller companies across the energy industry also look like promising buys, fund managers told Semafor. Shell's stock hit a record…
Watch 'Frantic' Markets Seek Clarity On Oil Supply
'Frantic' Markets Seek Clarity On Oil Supply Rebecca Babin, CIBC Private Wealth Group Senior Energy Trader, says oil traders are struggling to make accurate forecasts on oil supply as key infrastructure in the Gulf continues to be targeted by by…
Why oil shocks turn markets into a game of whack-a-mole
As oil flirts with $100 again, investors are falling back on a familiar script: higher crude, higher inflation. That reaction is not wrong. Higher crude oil (CL=F, BZ=F) raises the odds of higher prices flowing through the economy. But oil shocks…
What the Oil Futures Curve Is Saying About Iran
The oil market is suggesting that fallout from the Iran war could last far beyond the Trump administration's stated timeline for winding down the conflict. Longer-dated futures for West Texas Intermediate crude have risen in recent days, with…
Oil climbs over 2% as Iran war halts supply
OIL prices rose more than 2% on Tuesday, reversing some of the previous session's losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital…
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