Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Up With Oil -- Energy Roundup
Shares of energy companies rose alongside oil futures as the fate of the Strait of Hormuz remained uncertain. Oil rose for the fourth straight session after the United Arab Emirates said it was suspending trade with Iran due to attacks on shipping.
The best hair oils for glossy, healthy looking locks
Hair oil has become increasingly popular, with countless celebrities and influencers lauding its ability to smooth, protect and support hair growth. Some apply hair oil to their scalp, others to their strands; some apply oil to wet hair before…
Oil prices jump 3% as Trump threatens 'economic warfare
Aug. 20 (UPI) -- Oil prices were up 3% Thursday after President Donald Trump 's threat to impose a 'crushing economic operation' against Iran. Trump posted that he offered Iran an opportunity to make an agreement with the United States which it…
Hamm's Continental Buys Half Of Mercuria's Argentina Oil Play
Billionaire shale pioneer Harold Hamm's Continental Resources Inc. signed agreements to buy half of an Argentinian shale oil firm owned by Mercuria Energy Group, with the firms promising more than $4 billion of investment to expand production.
Mundhe urges people not to buy loose edible oil
Maharashtra FDA Commissioner Tukaram Mundhe has issued a stern warning to consumers against purchasing loose or unsealed edible oil, highlighting significant safety concerns and announcing a new compliance order to address widespread violations…
Is Trump's team using the media to manipulate oil markets?
The Trump administration on Wednesday appears to have leaked a story to its favorite Iran war stenographer at Axios that the military has created a secret shipping corridor out of the Strait of Hormuz, helping to escort 15 to 20 oil tankers through…
US Stock Futures Fall as Oil, Yields Climb While Walmart Slumps
US stocks slid at the open on Thursday as a rally in government bonds sputtered, sending yields higher, and oil prices rose. Walmart Inc. 's earnings disappointed, pressuring shares of the retail giant and peers. The S&P 500 slumped 0.3% as of 9:34…
Iran truce drives spike in China's oil imports, but soaring Brent clouds demand
China's crude imports rebounded in July following a temporary ceasefire in the Strait of Hormuz, though analysts are doubtful the trend will continue as oil prices rise again. Chinese imports of crude from Gulf nations doubled month on month in…
Venezuela oil minister to U.S. companies: 'It's an entire world waiting to be discovered'
Venezuela's new petroleum minister sees her South American home not as a dilapidated former oil giant, but as an emerging energy economy ripe for U.S. and foreign investments in new oil and gas exploration, both onshore and offshore. Paula Henao…
Oil prices surge as U.S. threatens pressure on Iran - TT
A flare burns near pump jacks and power lines in Midland, Texas. (Kaylee Greenlee/Bloomberg) Oil prices rose sharply after ballistic missile fire in UAE triggered nationwide warnings for residents there, the first time in weeks such an alarm had…
Why Xiengni Zhou swapped investment banking for Mama Yu chilli oil
Despite being raised by parents in the restaurant industry, Xiengni Zhou never imagined she'd one day pursue a career in food. “When I was born, the first building I saw after the hospital was probably the restaurant,” she jokes. The…
US oil companies lock in Venezuela deals
After months of slow progress and noncommittal MOUs, international oil companies are making tangible headway in Venezuela. Oil Minister Paula Henao announced deals with two US firms this week. Oilfield service provider SLB will provide AI software…
Current price of oil as of Aug. 20, 2026
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Oil Edges Higher Amid Lingering Middle East Tensions
2347 GMT — Oil edges higher in early Asian trade amid lingering tensions in the Middle East, which could lead to more supply disruptions. The U.A.E. “said that it was cutting all economic ties with Iran after it accused it of firing…
Oil hits more than 3-week high as Trump tries to raise pressure on Iran
NEW YORK — Oil prices rose to more than a three-week high on Thursday after U.S. President Donald Trump warned of retaliation against nations supporting Iran, his latest attempt to resolve a war that has stranded millions of barrels of…
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