Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

cnbc.com - Spencer Kimball - Trump said his blockade would cause Iran's oil industry to 'explode' this week. Why that won't happen
Trump said his blockade would cause Iran's oil industry to 'explode' this week. Why that won't happen
CNBC

President Donald Trump said he will blockade Iran until it agrees to a nuclear deal. But it could take a while before the regime feels enough economic pressure. Iran has enough oil storage to buy it at least a month and maybe longer, analysts say.

nbcsandiego.com - Jon Gambrell | The Associated Press - Significant slowdown': U.S. blockade squeezes Iran's all-important oil industry
Significant slowdown': U.S. blockade squeezes Iran's all-important oil industry
NBC San Diego

Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…

washingtonexaminer.com - Callie Patteson - Daily on Energy: Oil touches four-year highs, ethanol, and NJ eyes nuclear
Daily on Energy: Oil touches four-year highs, ethanol, and NJ eyes nuclear
Washington Examiner

Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…

yalibnan.com - US blockade is squeezing Iran's all-important oil industry, Analysis - Ya Libnan
US blockade is squeezing Iran's all-important oil industry, Analysis - Ya Libnan
Beirut

Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…

afr.com - Jennifer Hewett - Iran oil crisis fuels confusion over energy transition
Iran oil crisis fuels confusion over energy transition
Australian Financial Review

Nothing highlights the contradictions and costs of Australia's home-grown energy dramas like a global oil crisis. Energy Minister Chris Bowen says the shortages and price hikes created by the Middle East conflict accelerate the need for the…

theglobeandmail.com - John Rapley - Opinion: Will Canada choose oil and bondage to the U.S., or forge our own destiny?
Opinion: Will Canada choose oil and bondage to the U.S., or forge our own destiny?
The Globe and Mail

Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. Oil briefly hit US$125 on…

thehill.com - Rachel Frazin - Oil briefly hits 4-year high
Oil briefly hits 4-year high
The Hill

Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international…

independent.co.uk - Karl Matchett - What surging oil price means for your petrol, food and energy bills
What surging oil price means for your petrol, food and energy bills
The Independent

The price of oil soared overnight to their highest level since 2022 as doubts resurfaced about the Strait of Hormuz shipping route opening fully. The price of Brent crude oil pushed beyond $125 at one stage, reaching a high not seen since Russia's…

theguardian.com - Tania Roettger - Germany's climate U-turn is the worst possible response to the oil shock
Germany's climate U-turn is the worst possible response to the oil shock
The Guardian

The car is perhaps the closest thing Germany has to a national symbol. For this reason, the success of the auto industry and the happiness of motorists has long been a barometer for the standing of the Federal Republic. Since the beginning of the…

bloomberg.com - Mariana Durao - Petrobras Output Hits Record as Iran War Jolts Oil Markets
Petrobras Output Hits Record as Iran War Jolts Oil Markets
Bloomberg

Petrobras pumped record oil and gas volumes in the first quarter and ran its refineries near full capacity, underscoring Brazil's growing importance to global energy markets disrupted by the Iran war. Oil and gas production rose 16% on year to 3.23…

bloomberg.com - Nathan Risser - California Oil Driller That Sold No Crude Paid CEO $76 Million
California Oil Driller That Sold No Crude Paid CEO $76 Million
Bloomberg

The CEO of California oil driller Sable Offshore Corp. was awarded a $76 million pay package in 2025, making him one of the highest paid oil and gas industry leaders in the US even as his company sold no crude. The bulk of Jim Flores's compensation…

zerohedge.com - Tyler Durden - Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
Zero Hedge

If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around…

wsj.com - Collin Eaton - These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look.
These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look.
Wall Street Journal

Rising above the din of voices in the lobby of the J.W. Marriott in Caracas is an unusual sound: Spanish spoken with a Texas twang. Engineers, lawyers and other emissaries of the U.S. oil industry have flocked to the heavily guarded hotel to pitch…

bbc.co.uk - Shawn Yuan - It's not just oil: Why Iran war also threatens Asia's food security
It's not just oil: Why Iran war also threatens Asia's food security
BBC

Shawn Yuan,BBC World Service, Global China Unitand As planting season dawned across South East Asia's rice fields, Suchart Piamsomboon, a 60-year-old farmer from Thailand's Chachoengsao province, went to the local shop for fertilisers. But the…

bbc.co.uk - Shawn Yuan - It's not just oil: Why Iran war also threatens Asia's food security
It's not just oil: Why Iran war also threatens Asia's food security
BBC

Shawn Yuan, BBC World Service, Global China Unit and Jiraporn Sricham, BBC Thai As planting season dawned across South East Asia's rice fields, Suchart Piamsomboon, a 60-year-old farmer from Thailand's Chachoengsao province, went to the local shop…

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