Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil bypassing Strait of Hormuz set to arrive in Japan from May
Crude oil shipments bypassing the Strait of Hormuz, which Iran has effectively closed, are expected to arrive in Japan from May, industry ministry officials have said. Japan will import crude oil shipped from ports in the United Arab Emirates and…
Texas oil and gas industry reporting job losses
(The Center Square) – The Texas oil and natural gas industry reported job losses in January prior to a Federal Reserve Bank of Dallas report pointing to uncertainty in the industry because of geopolitical conflicts. Despite President Donald…
Senegal bans ministers from foreign travel as oil price rise bites
Government ministers in Senegal have been banned from all non-essential foreign travel following the rise in the price of oil resulting from the conflict in Iran, the prime minister has announced. Speaking at a youth rally on Friday, Ousmane Sonko…
India Acknowledges Iranian Oil Purchases, Dismisses Payment Woes
India is buying crude from Iran among other countries in order to navigate the current energy crisis, the country's oil ministry said, denying payment hurdles were impeding those purchases. The statement is a rare public recognition of energy ties…
China Snaps Up Iran Oil, India Misses
Indian refiners have access to only limited Iranian volumes compared with Russian oil, and even the barrels on offer come with 'too many hassles'. India's latest potential source of crude oil is now headed to China after Washington allowed…
KEMI BADENOCH: We MUST get our oil and gas out of the ground
Deep under the North Sea, in sites controlled by Britain, are around 3 billion barrels of oil and gas – about £165 billion-worth. And yet, out of pure ideology, Labour are insisting it remains there even while other countries drill.
Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spill
The Trump administration said Friday it is combining two agencies that were separated in the aftermath of the 2010 Gulf oil spill as part of an overhaul to increase efficiency and speed up permitting for offshore oil and gas drilling. The new…
Trump Says US Can Open Strait of Hormuz, Take the Oil with Little More Time
Anchor: The U.S.-Israel war against Iran is showing no signs of de-escalation. Amid persistent airstrikes and defiant rhetoric from both sides, President Donald Trump said with a little more time, he can reopen the Strait of Hormuz that's…
Shutesbury addresses oil leak cleanup at elementary school
SHUTESBURY — Shutesbury officials are continuing to take corrective action following the recent release of fuel oil from an oil tank in a fuel pump vault outside Shutesbury Elementary School. Town Administrator Hayley Bolton provided an…
Govt reacts after India-bound Iranian oil tanker reroute to China
India said on Saturday that there are no payment issues with Iran for crude imports and that refiners continue to source oil from the country, as well as from a wide range of global suppliers. In a post on X, the Ministry of Petroleum and Natural…
Weekly Indicators: Interest Rates Decline Even As Oil Shock Worsens
All time frames remain at least slightly positive, with long leading, short leading, and coincident indicators showing stability or improvement. Yield spreads and mortgage rates turned more positive, while corporate spreads and mortgage…
Trump administration to rejoin offshore drilling agencies separated after 2010 Gulf oil spill
WASHINGTON (AP) — The Trump administration said Friday it is combining two agencies that were separated in the aftermath of the 2010 Gulf oil spill. The Interior Department said the overhaul would increase efficiency and speed up permitting…
Michigan vs. Arizona live updates: Men's March Madness 2026 Final Four predictions, odds and latest
Michigan and Arizona, the two No. 1 seeds left in the men's NCAA Tournament, face off in the Final Four with a berth in the national title game on the line. Both teams have been dominant all year long, and each has an average margin of victory of…
Payment issue? Govt reacts after Iranian oil tanker diverts from India to China
India dismisses reports of payment problems affecting Iranian crude oil imports, affirming that its refiners can source oil from diverse global suppliers and that rerouting of tankers is standard industry practice. India denies payment hurdles for…
OnlyFans mum gets £2k from subscribers for fuel and oil as prices soar
Mum Laura Whyte says her OnlyFans subscribers have sent her £2,000 to pay for fuel and heating as costs soar. The 32-year-old claims on top of their monthly subscription, several men have sent her between £150 and £800 to put…
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