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 industry prompts government to discourage hoarding as petrol stocks decline to 14-day cover
ISLAMABAD: Pakistan's oil supply chain players appeared nervous as petrol stocks declined to a 14-day cover on Thursday, prompting the government to urgently address procedural issues and activate enforcement mechanisms to discourage hoarding for…
Energy Shares Fall as Oil Prices Are Little Changed -- Energy Roundup
Shares of companies in the energy sector fell as oil prices hovered around $80 a barrel while the U.S. and Iran battled for control of the Strait of Hormuz. U.S. crude oil inventories fell last week as exports picked up from the week before and…
New science report could boost climate suits against oil giants
Climate lawsuits seeking massive damages from fossil fuel companies increasingly hinge on the question: how reliably can scientists pin specific extreme weather to human-caused climate change? Very confidently for events like heat waves and heavy…
Could Somalia See The World's Next Major Oil Discovery?
As the Gulf (the world's traditional energy centre) becomes riskier, the oil industry is searching for new hydrocarbon provinces. Much high-impact exploration is concentrated in Latin America and West Africa, far from Asia-Pacific, the main…
Halliburton Gets Aramco Contracts for Saudi Oil Wells
The lump sum turnkey contracts, which have an initial three-year term, cover oil re-entry operations, drilling, completions, and workers for about 285 planned oil wells across several oil fields in the country. The contracts also have an extension…
Oil giant BP shutters its corporate venture arm after 20 years
BP has had an on-again, off-again relationship with climate tech. Now it's definitely “off.” On top of pivoting away from clean energy earlier this year, the oil giant announced today that it was selling the majority of its venture…
Profit margins surge for oil refiners - TT
An oil refinery in Houston. (Mark Felix/Bloomberg) Profit margins for U.S. refiners making gasoline and diesel from crude oil are shattering records, as fuel supply disruptions driven by war lift prices for refined products. The average…
Not possible to compensate everyone hit by heating oil price hikes - minister
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Not everyone affected by heating oil price…
How Trump's 'original oil guy' boosted US-Israel ties and played down risks of Iran war
Tycoon Harold Hamm is one of the US's most successful oilmen, the son of Oklahoma sharecroppers who hit it rich as a “wildcatter” and pioneered fracking techniques that drove the shale boom in 2008 that reversed declining US oil…
Landmark Science Report Confirms Big Oil's Fingerprints on Extreme Weather, as Industry Races for Legal Shield
The National Academies of Sciences released a report today that puts the full weight of the country's most respected scientific institution behind extreme weather attribution science, affirming that the field can reliably connect specific disasters…
Chipmakers chip away at stocks, oil hovers at $85
LONDON, July 16 (Reuters) - European stocks and Wall Street futures edged lower on Thursday following more tech troubles in Asia, while benign U.S. inflation data helped keep the dollar and government bond yields under control and the Iran war…
Applied Computing wants to give oil and gas operators an AI model for the entire plant
Applied Computing, a London-based startup that's building a foundation AI model for the oil, gas and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Founded in 2023…
Frontline vs. ZIM Integrated Shipping Services: Should Industrials Investors Bet on Oil or Consumer Goods in 2026?
Global shipping is the backbone of international trade, yet the sector remains notoriously cyclical and sensitive to geopolitical shifts. Investors comparing Frontline (FRO 1.25%) and ZIM Integrated Shipping Services (ZIM +1.64%) are looking at two…
The best energy stocks right now as two major conflicts keep oil prices elevated
Laying out the bull and bear scenarios for oil. And when the stock market could be impacted. Six stocks to buy due to the continuing war between Russia and Ukraine. A bitcoin-turned-AI power provider that could triple in value, according to Morgan…
Hair oil and scalp oil are not the same thing (and using the wrong one can backfire)
Walk down the hair care aisle or scroll your For You page and you'll find no shortage of products promising shinier, stronger, faster-growing hair — many of them oils. At the same time, there are a ton of oils on the market made specifically…
Receive a Daily briefing on Oil Industry News
Get Started