Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
New North Sea oil drilling faces delay after gear accidentally dropped in sea
Production at Britain's biggest undeveloped oil and gasfield could be delayed for months after equipment from a rig was accidentally dropped in the North Sea, the Guardian can reveal. Andy Burnham's new government is under pressure from the fossil…
Idle, aging oil platform raises alarm for Dongara's fishers
Posted Sun 26 Jul 2026 at 10:03am Fisherman and conservationists have sounded the alarm over the uncertain future of an oil rig after its owners entered voluntary administration. Pilot Energy planned to work with Triangle Energy to repurpose the…
Oil Near $100 Puts Fed and Peers in Interest-Rate Spotlight
From Washington to London to Tokyo, central bankers are set to reveal just how worried they are about a return of oil to about $100 a barrel. Three days of Group of Seven rate decisions, starting with the Federal Reserve on Wednesday, followed by…
Yemen's Houthis target Saudi oil facilities along the Red Sea
Yemen's Houthis say they have targeted oil facilities in Saudi Arabia owned by Aramco, in the latest escalation between the two sides. Saudi authorities say they intercepted the missile and drone attacks. Yousef Mowry has more details from Sanaa.
New front in US-Iran war escalates as Houthis fire at Saudi oil facilities
Tehran-backed Houthi forces in Yemen have fired missiles and drones at two of Saudi Arabia's most strategically important oil facilities on the Red Sea, in a major escalation of the latest simmering regional conflict to be reignited by the war…
Is an Oil & Gas ETF or a Solar Stock Fund the Better Buy in 2026?
The State Street Energy Select Sector SPDR ETF (XLE +0.34%) offers low-cost, mature energy exposure with lower volatility, whereas the Invesco Solar ETF (TAN -2.97%) provides high-conviction, volatile access to the solar industry. While both funds…
Every Time President Trump Talks About Iran, Oil Prices Move. Here's the Pattern Investors Should Watch.
Oil is on the rise again amid flaring tensions in the Middle East. That's not remotely shocking, given the Strait of Hormuz's importance. The Strait is effectively closed right now. Roughly 20% of the world's oil moves through that single sea…
Look beyond the 'No Palm Oil' label
E-commerce platforms, supermarkets, and even grocery retailers today are flooded with packaged food products prominently advertised as “No Palm Oil.” It is no surprise, therefore, that palm oil has become one of the most misunderstood…
Oil nears $100 again as Middle East tensions threaten supply
Global oil prices have surged toward $100 per barrel as fighting has again escalated in the Middle East. Renewed hostilities between the US and Iran have again brought traffic through the Strait of Hormuz to a near halt, while the Tehran-allied…
Gulf oil-producing nations are building mega-pipelines to replace the Strait of Hormuz
Merchant ships and oil tankers in the Gulf of Oman on June 21, 2026, prior to the brief ceasefire between Iran and the United States, which made it possible to reopen the Strait of Hormuz. The strait is currently blocked again. Pipelines to the Red…
Houthis Fire On Saudi Red Sea Oil Sites
By Federico Maccioni, Timour Azhari and Eman Abouhassira RIYADH, July 25 (Reuters) – Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on Saturday and Saudi-backed forces bombed the…
Ukrainian Drones Spark Fires At Russian Oil Refinery And Platform
Jul 25, 2026 (Bloomberg) –Fire broke out at the Tyumen oil refinery in Russia's Ural region after a drone attack as Ukraine and Russia press intensifying strikes on each other's critical infrastructure. Emergency services are at work on the…
Bank of England to hold interest rates as oil price threatens UK
The Bank of England is expected to hold interest rates in a split vote on Thursday yet a surge in oil prices could complicate the crucial decision. The Bank's Monetary Policy Committee is widely expected to leave interest rates unchanged at 3.75…
Houthi Attacks on Saudi Oil Sites Raise Fears of Wider Middle East Conflict Despite U.S. Strike Pause
Yemen's Iran-backed Houthi militants targeted Saudi oil facilities along the Red Sea on Saturday, escalating regional tensions even as the United States paused its military strikes on Iran for the first time in nearly two weeks. The attacks came…
Oil Keeps Flowing From Red Sea As Hormuz Bypass Stays Open
Jul 24, 2026 (Bloomberg) –Millions of barrels of Saudi Arabian crude are still being shipped from the nation's Red Sea coast to the global market, despite threats and attacks by Yemen's Houthi militants against the kingdom's shipping that…
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