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, not cocaine, is Venezuela's most dangerous drug
So, the U.S. has seized Venezuela's oil reserves. It looks like President Trump's biggest deal ever — a hostile takeover. But should we celebrate it? Trump frames the takeover as an enormous opportunity for America's oil companies, the…
Why Oil Prices Are Telling Us Clean Electrification And Resilience Are The Energy Stories For 2026
In the past weeks, markets have delivered a clear signal: even as geopolitical tensions have flared, global oil prices have remained anchored near the low-$60s per barrel. Brief price increases over Iran have reflected geopolitical risk, but they…
Hungary's MOL to buy Serbia's Russia-owned NIS oil company if US approves
BELGRADE, Serbia -- BELGRADE, Serbia (AP) — Hungary's MOL Group energy company said on Monday they have signed a preliminary agreement to buy a 56.15% stake in Serbia's Russia-owned main oil supplier that has been sanctioned by the United…
Iran's Real Oil Risk Is Labor Strikes, Not Bombs
For decades, Iran has been the nexus of global geopolitical risk. Its potential to create chokepoints in the flow of oil is ingrained in the minds of traders, with the Strait of Hormuz posing the biggest risk. But for all the recent focus —…
Oil down as easing Iran unrest dampens geopolitical risk premium
NEW DELHI: Oil prices were down on Monday after rising during the previous session as civil unrest in Iran subsided, lowering the chance of a U.S. attack that could disrupt supply from the major Middle Eastern producer. Brent crude was trading at…
Oil Falls as Middle East Tensions Continue to Fade
2355 GMT — Oil falls in the early morning Asian session as Middle East tensions continue to fade, easing worries over possible supply disruptions. Given recent statements from President Trump, the risk of immediate U.S. intervention in Iran…
Oil prices steady as ebbing Iranian protests lower chance of US attack
BEIJING: Oil prices were little changed on Monday, after rising in the previous session, as Iran's deadly crackdown on protests quelled the civil unrest in the country, reducing the chance of a U.S. attack on the major Middle Eastern producer that…
The olive oil renaissance
Extra-virgin olive oil has overtaken Perelló olives and Torres crisps as the “present du jour ” to take to “trendy” dinner parties, said Arabella Bowes in House & Garden. It's a trend being driven by the…
Hungary's MOL to buy Serbia's Russia-owned NIS oil company if US approves
Hungary 's MOL Group energy company said on Monday they have signed a preliminary agreement to buy a 56.15% stake in Serbia's Russia-owned main oil supplier that has been sanctioned by the United States. MOL Group said in a statement that a…
Oil Price Volatility Is Our Base Case In A Visibly Surplus Market
Oil price volatility in 2026 is our base case, and it appears less an aberration than a consequence of two forces that coexist uncomfortably: a visibly surplus market and an episodic geopolitical premium. Vår Energi's cash flow profile is no…
Oil Edges Lower With Iran and Trump's Greenland Threat in Focus
Oil fell as tensions over Iran cooled and wider markets carried a risk-off tone with President Donald Trump's push to take over Greenland. Brent dropped below $64 a barrel, while West Texas Intermediate was near $59. While there wasn't a…
They don't care if you die: How Iran's protests became a bargaining chip for oil and power
Just like during all the recent Iran protests, the language used by Western politicians and media follows a familiar script: “freedom,” “democracy,” and “support for the protesters” is what Europe and the…
Don't Set Your Hair On Fire Over Venezuelan Oil (Commodity:CL1:COM)
Midstream opportunities remain attractive despite Venezuelan oil entering the US market, with its diversified production mix and strong break-even economics. Venezuelan oil's re-entry pressures heavy oil prices, particularly impacting Canadian…
Europe's oil supply faces risk via Kazakhstan routes
Europe's oil market is increasingly exposed to disruption due to rising security risks along export routes used by Kazakhstan, which the EU values as a reliable alternative to Russian supply, The Times of Central Asia reported. While Kazakhstan is…
Russians agree to sell sanctioned Serbian oil firm
She said the pending sale agreement would now be sent to the US administration for approval, as the oil firm attempts to avoid another sanctions-enforced shutdown of the country's only refinery. 'MOL and Gazprom Neft have agreed on the basic…
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