Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

globaltimes.cn - Chinese, Indian oil sectors eye deeper energy cooperation in oil, new energy and green development
Chinese, Indian oil sectors eye deeper energy cooperation in oil, new energy and green development
Global Times

China National Petroleum Corporation Chairman Dai Houliang (right) meets with India's Minister of Petroleum and Natural Gas Hardeep Singh Puri in New Delhi, India, on September 11, 2026. Photo: Courtesy of CNPC China National Petroleum Corporation…

pbs.org - Ali Rogin - Houthi gains in Yemen, attack on Saudi pipeline compound pressure on oil markets
Houthi gains in Yemen, attack on Saudi pipeline compound pressure on oil markets
PBS

Yemen's Houthi rebels seized more islands in the strategically crucial Bab al-Mandab Strait today and now control the west coast of the country on the Red Sea. In the meantime, a crucial pipeline in Saudi Arabia will be out of commission for weeks…

bbc.co.uk - Kevin Keane - UK could 'unlock' 100 more oil and gas projects, say North Sea bosses
UK could 'unlock' 100 more oil and gas projects, say North Sea bosses
BBC

The UK could supply half of its oil and gas needs without imports if the government showed more support for the sector, an industry report claims. Offshore Energies UK (OEUK) said changes to the windfall tax on energy firms and approval of the…

bbc.co.uk - Kevin Keane - UK could 'unlock' 100 more oil and gas projects, say North Sea bosses
UK could 'unlock' 100 more oil and gas projects, say North Sea bosses
BBC

Scotland environment, energy and rural affairs correspondent The UK could supply half of its oil and gas needs without imports if the government showed more support for the sector, an industry report claims. Offshore Energies UK (OEUK) said changes…

newsweek.com - Brendan Cole - Saudi Arabia could run out of oil for export within days as pipeline shut
Saudi Arabia could run out of oil for export within days as pipeline shut
Newsweek

Saudi Arabia will soon run out of oil to export if it does not restart quickly its major pipeline that was closed following drone attacks, it has been reported. The kingdom announced on Friday it had shut its East-West oil pipeline as a precaution…

washingtonexaminer.com - Brady Knox - Saudi Arabia appeals to US as pipeline closure and Houthis spike oil prices
Saudi Arabia appeals to US as pipeline closure and Houthis spike oil prices
Washington Examiner

The Houthis continued their advance on Monday, seizing two more key islands in the Bab el-Mandeb Strait, as the Saudis continued their appeals to the United States for further assistance. Saudi Crown Prince Mohammed bin Salman received U.S. Central…

mirror.co.uk - Elizabeta Ranxburgaj - Donald Trump chillingly claims US could keep Iranian oil 'like Venezuela
Donald Trump chillingly claims US could keep Iranian oil 'like Venezuela
Daily Mirror

Donald Trump has threatened that the US could continue the war with Iran and keep its oil 'like Venezuela'. The US President spent his weekend in Ireland for golf but did not pass on talking about politics and his role in the Middle East war.

standard.co.uk - Katrine Bussey - UK Government action could 'unlock' 100-plus oil and gas projects, say bosses
UK Government action could 'unlock' 100-plus oil and gas projects, say bosses
Evening Standard

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. More than 100 new oil and gas projects could…

scmp.com - Xinyi Wu - China's oil demand could falter as Saudi pipeline shutdown raises costs
China's oil demand could falter as Saudi pipeline shutdown raises costs
South China Morning Post

As the shutdown of Saudi Arabia's major oil pipeline tightens global crude supply, shipments to China remain relatively insulated in the near term, though rising prices and freight costs are set to dampen demand, according to analysts. Drone…

thehill.com - Ryan Mancini - Oil prices up after new strikes on Saudi infrastructure
Oil prices up after new strikes on Saudi infrastructure
The Hill

Oil prices on Monday leaped more than 4 percent after Yemen-based militant Houthis struck Saudi Arabia's infrastructure and ships, leaving one crucial pipeline out of service for weeks. The global benchmark for crude oil, Brent crude, settled at…

seekingalpha.com - Amy Thielen - Oil's 40% surge puts fuel costs in focus for airline, cruise industry (CCL:NYSE)
Oil's 40% surge puts fuel costs in focus for airline, cruise industry (CCL:NYSE)
Seeking Alpha

The cruise and airline sectors—both heavily impacted by the price of fuel—continue to move inversely to oil futures, trending lower on Monday in tandem with oil futures challenging $110 per barrel. Within the cruise industry, Carnival…

bloomberg.com - Alex Longley - The Oil Market Needs a Quick Saudi Pipeline Restart
The Oil Market Needs a Quick Saudi Pipeline Restart
Bloomberg

This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Alex Longley looks at the oil market repercussions from Saudi Arabia's closure of a key pipeline. Last week's hit to Saudi…

yahoo.com - Vardah Gill - Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition
Enbridge (ENB) Expands its U.S. Oil Footprint with Tallgrass Acquisition
Yahoo!

Enbridge Inc. (NYSE: ENB) has agreed to buy Blackstone-owned Tallgrass Energy's crude oil business for $2.55 billion in cash, expanding its presence in the U.S. liquids pipeline market. The deal includes a 75% stake in the 1,050-mile Pony Express…

newsweek.com - Giulia Carbonaro - Costco starts rationing motor oil. Could Walmart be next?
Costco starts rationing motor oil. Could Walmart be next?
Newsweek

Costco has reportedly started rationing its house brand of motor oil this week, limiting purchases to two boxes per week, as drivers across the country continue facing higher gas and diesel prices. The membership-only warehouse club, which has long…

bloomberg.com - FTSE 100 Futures Rise as Oil Marches Higher
FTSE 100 Futures Rise as Oil Marches Higher
Bloomberg

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