Oil Industry News

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…

This Oil Shock Is So Big It Is Fueling a Turnaround in Energy Stocks

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.

Expect oil prices to drop in July

President Donald Trump, in his address to the nation Wednesday evening, caught oil markets flat-footed. Rather than signaling an early end to the Iran war, Trump said that the U.S. military would intensify its campaign against Iran for the next two…

How sheltered really is the US from the Gulf oil supply crisis?

A month has passed since the US and Israel's war on Iran all but closed the strait of Hormuz, through which about a fifth of the world's oil supplies typically flow. Prices have surged, amid fears of sustained disruption to global supplies. Donald…

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…

Oil Shocks & Recessionary Outcomes

After more than three decades of watching oil markets upend economies, one pattern keeps repeating: investors learn the wrong lessons from the last shock. The 1973 OPEC embargo taught us that geopolitical disruptions are temporary. That lesson then…

Government of Serbia adopts ANOTHER MEASURE related to oil and oil derivatives

The Government of the Republic of Serbia has decided to extend the ban on exports of oil and oil derivatives used to power engines until May 2026. This measure, which was initially introduced to stabilize the domestic energy market, aims to ensure…

Watch Iran War: Oil Market Stress Threatens Shortages in Asia, Europe

Oil Market Stress Threatens Shortages in Asia, Europe Paul Sankey, president at Sankey Research, explains the factors causing physical stress in the global oil market and breaks down the difference in pricing between oil futures and physical cargo…

Trump Loses Grip as Oil Surge Signals Deeper Crisis

For the first time in weeks, Donald Trump failed to cool oil markets, as escalating tensions with Iran crushed ceasefire hopes and reignited bullish momentum. For the first time in many weeks, US President Trump couldn't contain a late-week price…

Oil Shocks And Recessionary Outcomes

The 2026 shock is larger in scope than 1990, matches 1973 in speed, and is structurally similar to 1979, but the U.S. is now more insulated; recession risk hinges on duration and macro conditions. Monitor the Strait of Hormuz disruption length…

Polymarket Bets Point to Higher Likelihood of $120 U.S. Oil

On Thursday, benchmark U.S. crude futures jumped 11% to $111.54 a barrel following an address by President Trump that provided little clarity on an exit strategy from Iran or a reopening of the Strait of Hormuz. Futures markets were closed Friday.

Oil Prices Continue Surge on Concerns of Prolonged War - TT

A bulk carrier at Muscat Anchorage in Muscat, Oman. (Elke Scholiers/Bloomberg) TOKYO — Oil prices continued to surge on worries of a prolonged Iran war but most Asian markets that were open rose moderately in cautious trading April 3. In…