Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil Extends Gains as Hormuz Deal Remains Elusive: Markets Wrap
Oil extended its gains in early Monday trading as Iran rejected talks with the US and a deal to reopen the vital Strait of Hormuz remained elusive. Global benchmark Brent crude rose 0.8% to trade above $84 a barrel after rising more than 5% over…
Yemen's Houthis claim responsibility for attack on Saudi oil refinery
Yemen's Tehran-aligned Houthis have claimed responsibility for an attack on a refinery in Saudi Arabia, two days after the kingdom signed a defence pact with Turkey and Pakistan in response to growing regional instability…
Pritzker and Trump go after Big Oil. For their own political purposes
On Wednesday, Illinois Gov. JB Pritzker wrote to the U.S. CEOs of seven major oil companies accusing them of “profiteering” from the war in Iran and imploring them to return their bounty to Illinois consumers. “Under the guise…
Indian Stock Market Outlook: Crude Oil, West Asia Geopolitics, Inflation Data Key Drivers
The Indian stock market is poised for a volatile week, with crude oil prices, escalating geopolitical tensions in West Asia, and crucial inflation data set to be the primary determinants of market direction, according to leading analysts. Crude oil…
Trump-linked Texas oil company stirs controversy in Greenland
President Donald Trump is still pushing for greater U.S. control over Greenland, and now a Texas oil company with ties to his orbit is facing scrutiny for moving ahead with a major project in the territory before key approvals are in place.
This nuclear startup and Halliburton repurposed oil-drilling tech in a bid to solve America's radioactive waste problem
If you drive to the middle of nowhere in central Texas near Cameron—population 5,300—and down a gravel road, you'll come upon a security gate with a sign stating, “Watch out for the cows.” The warning is no hyperbole, as…
Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news
People walk in Tehran's traditional main bazaar, Iran, Saturday, Aug. 8, 2026. (AP Photo/Vahid Salemi) (AP Photo/Vahid Salemi) Yemen's Houthis said they attacked an oil facility Sunday in southwestern Saudi Arabia, the latest attack by the…
FDA seizes sub-standard edible oil worth Rs 1.94 crore in Beed, licences of 5 establishments suspended
The Maharashtra Food and Drug Administration (FDA) conducted raids at oil repacking units and establishments dealing in loose edible oil across Beed district and seized “sub-standard” edible oil worth Rs. 1.94 crore. The FDA also…
Trump is betting that the U.S. naval blockade choking Iran's economy can achieve what bombs and missiles couldn't as more oil sneaks out of the Gulf
After deciding against renewing all-out war against Iran, President Donald Trump signaled that he will continue applying economic pressure on the regime. In an interview with Axios on Sunday, he said 'we are low keying it' and only…
Oil rises as uncertainty continues over reopening of Strait
PERTH, Aug 10: Oil prices rose on Monday as uncertainty continued over the reopening of the Strait of Hormuz as Iran said a deal with Oman defining new shipping lanes was in its final stages, but the U.S. must still meet other conditions. Brent…
Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news
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Yemen's Houthis claim attack on Aramco oil facility in Saudi Arabia, and other Middle East news
Yemen's Houthis said they attacked an oil facility Sunday in southwestern Saudi Arabia, the latest attack by the Iranian-backed rebels on the kingdom. Meanwhile, Iran has made new demands about the reopening of the Strait of Hormuz, and the…
80 per cent of UK North Sea oil is sold on the global market
North Sea oil has about 15 to 25 years of active production left, with output projected to decline sharply toward 2050. About 90 per cent of the total recoverable oil and gas have already been drained. I can't imagine oil companies investing time…
Why is Greenland warning a Trump-linked oil company against its secret drilling plans?
Just two days after this warning, Trump posted a message on his social media platform Truth Social. The post showed an image of him towering over a small Greenlandic village, along with the words “hello Greenland”. The company is…
Dozens of businesses lost revenue after the East LA oil spill. Only one has been reimbursed
This story first appeared on The LA Local. Two months after an oil spill shut down streets in East Los Angeles and disrupted businesses along the Cesar E. Chavez Avenue corridor, many owners are still waiting for reimbursement. The May spill forced…
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