Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Shock Is Causing a $45 Billion Rupture in the Economy
The largest oil disruption in history is widening a divide in the economy. Americans have cumulatively spent about $45 billion more on gasoline and diesel during the war with Iran than they did during the same period a year ago, according to an…
U.S., Iran stall on Hormuz reopening as oil supplies tighten
Iran said transit through the critical Strait of Hormuz will flow once the conflict with the US and Israel is over, but the sides are no closer to resolving their differences or finding a path to achieve it. President Donald Trump returned from a…
US Allows Russia Oil Sales Waiver to Expire Despite Tight Market
The Trump administration allowed a waiver that encouraged more Russian crude sales to lapse, even as the Iran war stokes concerns about global oil supplies and higher fuel costs. The expiration effectively ends for now a brief period where the…
China to Cut Levies, US Allows Russia Oil Waiver to Expire, More
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Oil markets could be a month away from the moment of truth. Brace for a 'non-linear' price spike and panic buying, analysts warn
Dire warnings about oil supplies are coming from everywhere lately as the Strait of Hormuz remains largely closed while President Donald Trump's trip to China failed to produce a breakthrough to reopen the critical waterway. While investors have…
Devon Energy vs. Chevron: Here's the Better Oil Stock to Own Right Now
The geopolitical conflict in the Middle East is headline-grabbing news. The energy market disruption caused by this event has pushed oil prices materially higher. That's good news for energy companies, but investors need to step back and make an…
UK Moves To Ban New North Sea Oil & Gas Licenses Permanently
The UK government will introduce legislation banning new North Sea oil and gas exploration licences as part of its Energy Independence Bill. Critics argue the policy will increase Britain's reliance on imported fossil fuels while damaging…
Macro Insights: $200 Oil Shock Looms Amidst Bubble Warning-How To Position Your Portfolio
Global petroleum inventories are plunging, with imminent shortages threatening a dramatic oil price spike to $200 and inflationary shocks. US equities, especially mega-cap tech, are at valuation extremes, with multiple analysts warning of an…
Oil, Geopolitics, and Occidental Petroleum: Here's Where the Stock Could Be in 12 Months
A lot has happened with Occidental Petroleum (OXY +4.94%) over the past year. The oil company sold its chemicals business and completed its debt reduction plan. Meanwhile, oil prices have surged due to the war with Iran. The surge in oil prices and…
January World Oil Production Drops
The EIA's April/May STEO reports have made significant and major revisions to the projected World oil production due to the US/Iranian war. The World's January oil production decreased by 1,411 kb/d to 84,533 kb/d. Brazil's National Petroleum…
Global oil stockpiles could hit record lows if Strait of Hormuz remains closed
Oil stockpiles cushioned the blow from the Middle East supply disruption, but inventories are falling at a record clip as the Strait of Hormuz stays closed. UBS expects inventories to approach all-time lows by the end of May. Prices will spike to…
This Week's Market Wrap: Narrow Leadership, Oil And China Trip, And Hot Inflation
Strong earnings and guidance from companies tied to AI infrastructure, networking, semiconductors, and data centers pushed major indices to fresh record highs, with companies like Cisco Systems, Nvidia, Applied Materials, and Broadcom leading the…
2 Overlooked Oil Stocks to Buy Now Before They Soar
Among the companies in the energy patch that have surged this year are Occidental Petroleum (OXY +4.89%) and Ardmore Shipping (ASC +0.91%). These two have seen their stock prices rise by more than 36% and 75%, respectively. However, considering…
Beetroot with olives, toasted hazelnuts and pul biber oil
In Istanbul, beetroot is often served in salads, mixed with garlicky yoghurt, said Özlem Warren. This easy meze is inspired by such dishes. The pomegranate molasses in the dressing adds a natural sweet-and-sourness that goes well with the…
Red Lines, Green Channels: The Oil Routes Behind Trump's China Visit And The BRICS Divide
New Delhi: China approached negotiations with explicit red lines, as Wang Yi stated: 'China has inviolable red lines on sovereignty and security issues,' referring primarily to Taiwan and other core interests. In response, U.S. readouts and press…
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