Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Will more Americans embrace renewable energy after the latest oil price surge?
View all episodes As the impact from the war in Iran grinds on, Americans are feeling it at the gas station. Evangelists for clean energy say the oil shock is an opportunity to embrace the transition to renewable power like wind and solar. With…
Iran talks underway as Trump says America will be 'loaded up' with oil
President Donald Trump has declared that ships across the globe are heading to the United States to 'load up with oil', while revealing that official talks with Iran have commenced. Trump touted America's domestic oil and gas supply following a…
Defence Forces respond to protest outside Irish oil refinery
An Irish Defence Forces heavy-lift recovery truck has arrived to assist police with a blockade outside an oil refinery, after days of protest strangled fuel distribution in the country. Garda have been attempting to restore access to the Whitegate…
Trump hails 'massive numbers' of empty tankers heading to US for oil
The Strait of Hormuz, the world's most critical oil chokepoint, has been the source of high energy prices around the world after the U.S. and Israel started attacking Iran in late February. Both sides of the conflict agreed to reopen the waterway…
Watch This Map Shows the Future of Oil
This Map Shows the Future of Oil The Strait of Hormuz could be changed forever, explains Bloomberg Opinion columnist Javier Blas.
Tourmaline Oil Corp. stock rises Friday, still underperforms market
Shares of Tourmaline Oil Corp. TOU inched 0.41% higher to C$61.20 Friday, in what proved to be an all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE rising 0.65% to 33,695.76. Tourmaline Oil Corp.
Fuel tankers regain access to Irish oil refinery after police clear protesters
Fuel trucks have regained access to an oil refinery that had been subjected to a days-long blockade after Irish police cleared protesters from the entrance. In a major operation involving scores of gardai, large tractors that had been blocking the…
'Cancelling orders' in China: Hormuz oil crisis hits transport and manufacturing
As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and…
Valero Pulls Back on Mexican Oil After Texas Refinery Blast
Top independent US oil refiner Valero Energy Corp., the largest buyer of Mexican crude, has cut purchases from the country to a trickle in April as it struggles to restart its Texas refinery following an emergency total shutdown. The company has…
Here's What the Futures Markets Are Saying About Oil and the Conflict in the Persian Gulf
It's always a good idea to look at what market data is telling you about the market consensus opinion on a matter, and right now, energy markets and the conflict in the Persian Gulf are front and center of investor concerns. Here's a look at what…
Japan's Middle East oil habit gets an Iran war reality check
Japan 's energy security has long hinged on Middle Eastern oil. The Iran war simply exposed how breakable that lifeline had become. While a two-week ceasefire agreed on Tuesday promises some relief by reopening the Strait of Hormuz to tanker…
Trump signals tankers headed to US to load up 'sweetest' oil: 'We are waiting for you'
President Trump said Saturday morning that “massive numbers” of empty tankers are headed to the U.S. to stock up on oil and gas, as Iran continues to restrict movement in the Strait of Hormuz. “Massive numbers of completely…
North Sea oil hits record high... so WHY won't Red Ed drop Net Zero?
Get your news delivered straight to you by 7am - sign up to our new Morning Mail newsletter for FREE North Sea oil prices have surged to a record high – piling pressure on Labour to abandon Ed Miliband's 'mad ideology' and allow lucrative…
Small oil refinery in outback Queensland could be on cusp of expansion
As Queensland looks for more oil, a small outback refinery has proven critical for the exploration process and now expansion is on the cards. The Inland Oil Refinery has operated in Eromanga for more than 40 years, creating small amounts of…
Watch 'Oil Demand Is About To Spike... We're Looking At A Volatile Summer' Says Schork
'Oil Demand Is About To Spike... We're Looking At A Volatile Summer' Says Schork Oil prices may have decreased, but with hundreds of millions of barrels having been taken off the market due to the Iran War, true relief is not quite on the horizon…
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