Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The U.S. Is Both The World's Top Oil Producer And Top Consumer
MIDLAND, TEXAS - JULY 7: Pumpjacks operate as a flare burns a few hundred yards from apartments Thursday, July 7, 2022, in Midland. (Jon Shapley/Houston Chronicle via Getty Images) Houston Chronicle via Getty Images The newly released 2026…
'Huge wave' of carbon storage projects causes alarm in small-town USA as oil firms eye billions in subsidies
The plan to bury carbon under remote Indiana farmland is supposed to be a slam dunk for the climate, according to its supporters – all generously funded by US tax dollars. But as far as Melissa Harrison and some other residents of Clymers…
Can Colombia's New Government Reverse the Nation's Oil and Gas Decline?
In a closely contested presidential election in Colombia, controversial far-right candidate Abelardo de la Espriella emerged victorious. After an official recount, his opponent, left-wing senator Ivan Cepeda, conceded defeat. This was a hard-fought…
Trump's ambitious energy bet could be a winning hand as the world burns more oil, gas than ever
The world consumed more energy than ever before in 2025, with fossil fuels still supplying the vast majority of global energy despite record growth in renewable power, according to a new report. The findings come as President Donald Trump pushes to…
These Body Shimmer Oils Are Golden Hour in a Bottle
There's glowy skin, and then there's glowy skin—the best body shimmer oils deliver that next-level luminosity that catches the light every time you move and leaves your skin looking like it's permanently on vacation. Though these body oils…
Oil Giants Warn Energy Market to Worsen as US-Iran Strikes Resume
Italian energy giant Eni warned that the situation could deteriorate in the short term amid declining global oil reserves and increased competition for energy resources, CEO Claudio Descalzi said in an interview with Il Sole 24 Ore.'We all believed…
EU Eyes 2040 Electrification Target To Slash Oil and Gas Dependence
The European Commission is set to unveil next week an electrification target for 2040 in a bid to reduce the need for fossil fuels and strengthen the renewable energy sector in the EU, according to a draft proposal seen by Bloomberg News. The…
Ukrainian attacks on Russia kill 1 as Kyiv continues to target oil tankers and refineries
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Strait of Hormuz blocked, oil flows diverted: Is there a way out?
3 min read New Delhi Make us preferred source on Google US and Iranian forces continued to exchange missile and drone assaults on Sunday after Washington attacked Tehran over an Iranian strike on a vessel in the Strait of Hormuz that set the vessel…
Ukrainian attacks on Russia kill 1 as Kyiv continues to target oil tankers and refineries
A Ukrainian attack in southwest Russia killed one person and wounded three more, local officials said Sunday, as Kyiv's forces continued to bombard Russia's oil facilities. The head of Russia's Samara region, Gov. Vyacheslav Fedorishchev, said that…
The volatile AI trade marched higher, but oil kept Wall Street on edge last week
Wall Street's record-setting start to the week ran into two familiar sources of volatility: the artificial intelligence trade and oil. The Dow Jones Industrial Average on Monday closed above 53,000 for the first time ever before renewed U.S.-Iran…
Oil Is Below $76. So Why Is Bitcoin Still Below $65,000?
The price of Brent crude oil surged after the start of the current Iran conflict on Feb. 28 and the resulting Strait of Hormuz closure. It jumped 63%, from $72.28 on Feb. 27 to $118.35 at its 2026 high on March 30. De-escalation helped drive the…
U.S. launches new strikes on Iran as standoff threatens chronic Persian Gulf oil instability
President Trump ordered another round of U.S. airstrikes on Iran overnight Saturday after Iranian forces attacked a Cyprus-flagged container ship near the Strait of Hormuz, according to U.S. Central Command. The latest U.S. strikes targeted Iran's…
The '80s Had A RAM And Oil Crisis Too - Here's What We Can Learn From It
Volodymyr TVERDOKHLIB/Shutterstock History has a way of repeating itself, and the RAM crisis of today isn't an entirely new problem. In the late 1980s, people were buying quite a lot of personal computers, which meant PC manufacturers needed to buy…
Global oil demand down for first time since 2020 | Arkansas Democrat Gazette
NEW YORK -- Global oil demand is set to decline this year for the first time since the height of the COVID-19 pandemic in 2020, according to a report from the International Energy Agency. The drop, which the agency expects to amount to about 1…
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