Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
M.P. Evans Group PLC (MPEVF) Discusses Responsible Production and Pricing Dynamics in Palm Oil Industry Transcript
M.P. Evans Group PLC (MPEVF) Discusses Responsible Production and Pricing Dynamics in Palm Oil Industry July 14, 2026 7:00 AM EDT Matthew Coulson - Chief Executive & Director Good afternoon, ladies and gentlemen, and welcome to the M.P. Evans Group…
Heating Oil: Watchdog wants tougher regulation of market
Economics and business editor, BBC News NI Stormont should apply stricter consumer protection regulations to home heating oil suppliers, the UK's competition watchdog has recommended. The Competition and Markets Authority (CMA) has been…
Heating Oil: Watchdog wants tougher regulation of market
Stormont should apply stricter consumer protection regulations to home heating oil suppliers, the UK's competition watchdog has recommended. The Competition and Markets Authority (CMA) has been investigating the heating oil market in Northern…
Russian oil industry set back 20 years by Ukrainian strikes (Ukraine Battlefield update: Day 1,602)
Every day, the Ukraine Battlefield update newsletter offers a clear look at how the war is unfolding on the ground. Subscribe for free here to get the full text delivered to your inbox. A fuel crisis unlike anything Russia has ever experienced:…
To drill or not to drill? Andy Burnham faces North Sea oil dilemma
Scotland political correspondent To drill or not to drill? That's one question that will await Andy Burnham when he enters 10 Downing Street. The MP for Makerfield is expected to be confirmed as the UK's next prime minister in the coming days after…
He sued the oil industry for $51B. Now he faces Republicans in a private grilling.
It's a rare occurrence for a private lawyer to be hauled before a congressional committee and be deposed. But in the sharply political world of climate and energy litigation, Roger Worthington is no ordinary lawyer. A champion among environmental…
Heating oil customers to get up to £350 compensation for cancelled orders
Heating oil customers whose deliveries were cancelled when the war in the Middle East caused a price surge are to receive compensation of up to £350 each following an investigation by the UK competition watchdog. As the crisis unfolded, the…
China Slashes Oil Refining Volumes After Crude Imports Collapse
Chinese oil refiners slashed output last month to the weakest level in six years, as the industry responded to worsening demand and disruptions to crude shipments from the Persian Gulf. Processing volumes extended their decline in June, dropping…
Heating oil customers to get compensation after cancelled orders and price hikes
Mitchell Labiak Business reporter Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said. Some 1,700 households were forced to…
Heating oil customers to get compensation after cancelled orders and price hikes
Heating oil customers who had their orders cancelled and prices raised when the US-Israel war with Iran broke out will get compensation, the competition watchdog has said. Some 1,700 households were forced to 're-order at significantly higher…
Oil is up after Iran attacks - so why hasn't the stock market cratered this time?
A reopening of hostilities in the Middle East has seen the Strait of Hormuz shuttered once more, with the US and Iran exchanging missile strikes to leave hopes of an extended ceasefire in tatters. One immediate knock-on effect has been a rise in…
Trump's 20% Hormuz toll jolts markets as Asia adapts to oil shock
Asia's economies are once again staring down the barrel of the Strait of Hormuz as the latest breakdown of the US-Iran ceasefire and Washington's decision to impose a blockade-cum-toll threaten to keep energy costs elevated and shipping flows under…
Palm Oil Retreats as Indian Imports Slow and Stockpiles Build
Palm oil prices edged lower after Indian imports fell last month, signaling weak demand from one of the top consumers and adding to concerns over rising stockpiles in producing countries. Futures in Kuala Lumpur fell as much as 0.6% after two days…
Oil prices jump as US-Iran conflict escalates again
Oil prices have jumped over as the conflict between the U.S. and Iran heats back up. U.S. benchmark WTI crude was trading at about $79 per barrel on Tuesday, up from about $74 per barrel since the start of trading on Monday morning and about $72…
China turns to electric taxis to soften Hormuz oil shock
China has an increasingly important buffer against oil price shocks: electric taxis. SCROLL TO CONTINUE WITH CONTENT Across Chinese cities, taxi usage and ridesharing are booming. In May, people took 3.05 billion trips, with government data showing…
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