Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same period. Rising tensions in the Strait of Hormuz…
Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) Future Publishing via Getty Images The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter.
Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Oil prices haven't seen the dramatic surge that some warned about from the war in Iran. Crude futures are above prewar levels, but still well below the more dire spikes to $200 that some forecasters had predicted at the outset of the war. Goldman…
High oil prices could boost renewables, says Energy Vault CEO
Series CEO spotlight, Episode 12: Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in…
California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market. As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels…
Sustained high oil prices can make renewable energy and storage solutions more attractive
Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 via an accelerated route…
Texas is lousy with podunk oil wells, creating headaches for landowners
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. Some…
Talks Underway in Pakistan on Iran War, Oil Prices Climb
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Trump administration said on Friday it had imposed sanctions on an independent 'teapot' refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.
U.S. oil producers aren't coming to the rescue despite high prices as mistrust and chaos hit outlook. The 'market is being manipulated'
Companies in the heart of the U.S. oil patch don't plan on opening up the taps anytime soon—even as the recent spike in crude prices offers a windfall opportunity—due to all the uncertainty weighing on the longer-term outlook. In a…
Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Billion-Barrel Hormuz Oil Shock Is About to Crash Demand The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is…
Uganda's first oil to flow in 2026 - gov't
Uganda is edging closer to its long-awaited first oil, with industry leaders indicating that the country has entered the final phase after years of preparation. The update comes ahead of the 11th Oil and Gas Convention scheduled for next week at…
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in one 24 hour, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been…
US sanctions China's 'teapot' refinery for buying Iranian oil
The United States has sanctioned a Chinese oil refinery for buying hundreds of millions of dollars worth of Iranian oil. Ahead of potential new talks on ending the US-Israeli war on Iran, the US Treasury Department on Friday said that it was…
U.S. imposes sanctions on China-based oil refinery, 40 shippers over Iranian oil
The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. The move, announced on Friday (April 24, 2026) and first reported by The…
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