Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ukraine says two Russian oil refineries hit, as Moscow targets energy sites
Ukraine has said it conducted multiple overnight strikes deep inside Russia, hitting two oil refineries, as well as patrol boats and other vessels in the Black Sea. President Volodymyr Zelensky said the Bashneft-Novoil and Slavneft-Yanos refineries…
Ukraine hits two oil refineries deep in Russian territory
Ukraine said it has hit two oil refineries in multiple strikes deep inside Russia with patrol boats and other vessels in the Black Sea also hit. President Volodymyr Zelensky said the Bashneft-Novoil and Slavneft-Yanos refineries were struck in the…
Oil prices steady amid uncertainty over Iran war - TT
Gas prices are displayed at a Mobil gas station in Miami Gardens, Fla. (Marta Lavandier/AP) Oil prices are steady amid uncertainty about the direction of the U.S. war with Iran. Markets will get an update Aug. 7 on U.S. jobs with the monthly…
ONGC Overseas Unit Seeks Operatorship of Venezuela Oil Blocks
Oil & Natural Gas Corp. 's overseas investment arm is seeking to take over operatorship of two shallow onshore oil blocks in Venezuela from state-run Petroleos de Venezuela SA, as the South American nation becomes a key focus after receiving a US…
Oiles Corp 1Q Net Y1.08B Vs Net Y1.20B
Oiles Corp. (6282.TO) Japan 1st Quarter Ended June 30 GROUP 2026 2025 Revenue Y16.83 bln Y16.70 bln Operating Profit Y1.87 bln Y1.68 bln Pretax Profit Y1.82 bln Y1.77 bln Net Profit Y1.08 bln Y1.20 bln Per share Earnings Y36.88 Y41.07 Results are…
Ukraine strikes Russian oil refineries; 6 killed, dozens hurt in Ukraine
Aug. 6 (UPI) -- Ukraine said Thursday that it hit two oil refineries deep inside Russian territory in strikes overnight as well as tankers in Russia's so-called shadow fleet and Russian naval vessels in the Black Sea. Six people were killed and 28…
Big Oil wants to rig the courts. You'll pay for it on your utility bill.
Ask anyone in California what keeps them up at night and energy costs land near the top of the list. Electricity rates have climbed sharply. Gas prices spike every time there is turmoil overseas. Families are being asked to absorb costs they did…
Miyoshi Oil & Fat Co 1H Net Y838.00M Vs Net Y8.74B
Miyoshi Oil & Fat Co. Ltd. (4404.TO) Japan Half-Year Ended June 30 GROUP 2026 2025 Revenue Y31.41 bln Y29.54 bln Operating Profit Y1.27 bln Y553.00 mln Pretax Profit Y1.27 bln Y536.00 mln Net Profit Y838.00 mln Y8.74 bln Per share Earnings Y82.20…
Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
Stock market benchmark indices Sensex and Nifty edged higher in opening trade on Thursday (August 6, 2026) amid lower crude oil prices and buying in Reliance Industries. The 30-share BSE Sensex climbed 201.43 points to 78,782.43 in opening trade.
Saudis Cut Main Oil Price to Asia Amid Talk of Hormuz Deal
Saudi Arabia cut its main crude oil price for Asia amid talks on a deal to ease shipping through the Strait of Hormuz, even as threats by Iran-backed Houthi militants imperil an alternative route for eastbound flows through the Red Sea. State…
Oil Rises as Traders Await Formal Deal to Reopen Strait of Hormuz -- Update
Iran and Oman were finalizing a draft agreement Wednesday to reopen the Strait of Hormuz that would give Tehran oversight of ships entering the Persian Gulf but wouldn't allow it to levy tolls or service fees, The Wall Street Journal reported…
Current price of oil as of Aug. 6, 2026
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Ukraine strikes Russian oil refineries as Moscow continues attacks on Ukrainian cities - Europe live
At least six people were killed and 36 injured in another round of Russian overnight attacks on Ukraine, targeting the eastern city of Balakliia and the northern region of Sumy. But the Ukrainian president, Volodymyr Zelenskyy, noted that Ukraine's…
Indian Stock Markets Rise: RBI Holds Rates, Crude Oil Prices Fall, New Auction Mechanism
Indian stock markets, including the Sensex and Nifty, experienced early gains driven by lower crude oil prices and strategic buying in key sectors, following the Reserve Bank of India's decision to maintain its benchmark policy rate and upgrade its…
Big Oil is targeting Canada's highest-ranking decision makers - and it's paying off
Fossil fuel lobbyists are enjoying vastly increased access to top decision-makers under Prime Minister Mark Carney, a new analysis reveals. Environmental Defence's annual oil and gas lobbying report revealed that while the total number of meetings…
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