Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Iran Oil Disruption: Geopolitics And Global Energy Markets
Geopolitical escalation in Iran intersects with constrained structural supply, raising the probability of prolonged disruption rather than a short-lived risk premium. Limited OPEC+ spare capacity and Strait of Hormuz disruption increase the…
War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia
Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz…
Watch Oil Price Reaction 'Reasonable,' Crystol Energy CEO Says
Oil Price Reaction 'Reasonable,' Crystol Energy CEO Says Crystol Energy CEO Carole Nakhle discusses the energy market as oil extended gains and traders weighed a US plan to insure and escort tankers passing through the Strait of Hormuz. 'What we…
Heating oil price spike leaves households and suppliers out of pocket
Bill payers and business owners across the UK are grappling with rising costs as the outbreak of conflict in the Middle East continues to cause heating oil prices to spiral. Home heating oil is used by around 1.5 million households in the UK, but…
Daily on Energy: The ratepayer protection pledge, oil and gas price watch, and thoughts from EU Ambassador Neliupšienė on Iran
In other news, we continue to track the war in Iran and what it means for oil, gas, and the price at the pump. 🇮🇷⛽ We've got all the details below. Welcome to Daily on Energy, written by Washington Examiner energy and…
War with Iran Is a Nightmare for Oil and Gas. How Will it Impact Clean Energy?
Many consider a widespread war in the Middle East the worst-case scenario for the global oil and gas market. That war is here, and it could have wide-ranging, long-lasting impacts on energy and climate policy. This week on Zero, Akshat Rathi speaks…
Airlines brace for surge in oil prices and Forex after Iran crisis
March 4 (Asia Today) -- South Korea's aviation industry is on alert as rising oil prices and a weakening Korean won threaten airline profitability following the recent escalation in Middle East tensions. The surge in global crude prices and the…
Oil Stabilizes, Gas Price Falls as Conflict in Middle East Continues
-QatarEnergy's force majeure: The state-owned gas company triggered the clause after it halted production on Monday at its Ras Laffan LNG facility due to an Iranian strike. Force majeure allows companies to miss contracted deliveries to customers…
Bloomberg Businessweek Daily: Oil Trade in Turmoil
Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories of global technology, politics, economics and more by harnessing the power of Bloomberg Businessweek reporters and…
Large explosion' on tanker as oil gushes into sea and vessel 'takes on water
A 'large explosion' has been reported on an oil tanker near the coast of Kuwait, with large amounts now feared to be gushing into the Gulf waters with potentially disastrous environmental impacts. The United Kingdom Maritime Trade Operations…
Risk, Oil Tankers and a Scrambling White House
Here's a very interesting detail about risk, economics and military power that is kind of under the headlines in the expanding US-Iraq War. Iran is in a very, very bad position. Its military and deterrent power have already been badly damaged over…
Oil Rises on Prospects of Prolonged Supply Disruptions
0111 GMT — Oil rises in early Asian trade on prospects of prolonged supply disruptions driven by the Middle East conflict. “The U.S. has signalled a four- to five-week campaign, Iran is seeking to regionalize the conflict and the…
Trump's Venezuela Oil Plan Runs Into Hard Reality
Last week US President Donald Trump announced that Venezuela's interim authorities will turn over up to 50 million barrels of oil to the United States, before later declaring his administration will control Venezuela's oil sales…
Stocks recoup some lost ground as oil price cools
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. European stocks rallied on Wednesday after two days of…
US vows insurance, escorts as oil, gas flows disrupted
• Crisis deepens as US sub sinks Iranian warship off Sri Lanka, killing 87 • Hormuz shipping paralysed for fifth day; traffic plunges 90pc • Major shipping firms halt transits; insurers withdraw war-risk cover • Qatar…
Receive a Daily briefing on Oil Industry News
Get Started