Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Rosebank: Life on the oil field at the centre of a political storm
When we landed by helicopter at Rosebank, this oil field was at the centre of a political storm - and set to be in the path of a real one. We arrived on Wednesday morning, just a few hours after the UK government had granted consent for the…
Rosebank: Life on the oil field at the centre of a political storm
Scotland editor, Rosebank oil field When we landed by helicopter at Rosebank, this oil field was at the centre of a political storm - and set to be in the path of a real one. We arrived on Wednesday morning, just a few hours after the UK government…
Sri Lanka seeks faster green energy shift after oil shocks
'There are some wake-up calls... pushing us to move more to renewable energy,' Anura Karunathilaka said. 'If we can get as much as possible from renewable energy, that would be our policy in the next few years.' The island nation, which imports all…
Scottish Greens call on Swinney to stop 'swithering' on oil and gas
The leaders of the Scottish Green Party have condemned the UK and Scottish government's positions on new oil and gas drilling. Speaking at the party's conference in Inverness, co-leader Gillian Mackay criticised Prime Minister Andy Burnham for…
Knowledge Nugget | UAE oil spill: How do oil spills impact and how are they cleaned up?
1. Various factors, from natural disasters and human error to equipment failure, can trigger accidents involving oil tankers, drilling rigs, pipelines, or refineries, which can cause oil spills. 2. When oil spills into water, it rapidly spreads.
Iran's oil lifeline is drying up. The biggest pain may fall on ordinary citizens
Iran is approaching a financial reckoning as a U.S. naval blockade threatens to wipe out its seaborne crude oil revenues by mid-December — but the economic pain may fall more heavily on ordinary Iranians than on the military Washington is…
Record Oil, Empty Tanks: The UAE's Miracle Recovery
Good news, everyone. The war is over, at least in the United Arab Emirates. That is the only conclusion you could draw from this month's headlines. On October 14, Bloomberg reported the International Energy Agency's estimate that UAE oil supply hit…
ASX to fall after oil resurgence ahead of huge week for investors
The sharemarket is set to open lower on Monday after a lurch higher in the oil price on Friday, as investors brace for a huge week of market-moving events, from key inflation data in Australia and a US interest rate decision to several big tech…
Golub says prolonged Iran tensions will keep oil prices elevated
Oil prices will stay elevated as prolonged US involvement around Iran feeds inflation and eventually forces a Federal Reserve response, Seaport Research Partners chief equity strategist Jonathan Golub said. That outlook challenges expectations that…
S&P 500 (SPY) And Dow Jones Industrial Average (DJIA) Slide As Oil Prices Surge And AI Profitability Fears Persist
Wall Street closed a bruising week on shaky ground Friday, with major indexes extending losses driven by rising oil prices and deepening skepticism around artificial intelligence investments. The S&P 500 Index (SPY) fell by 0.52% on Friday, while…
Houthis Report Attacks on Saudi Airports and Oil Facilities
HANDOUT – This photo from an undated video released on September 9, 2026, by the Ansar Allah media office, shows smoke rising from an explosion that, according to the Houthis, followed an attack on Saudi-backed forces in the eastern province…
Agatha Relota Luczo Shares Delectable Recipes Made With Extra Virgin Olive Oil Sourced From Her Farm
Agatha Relota Luczo is the purveyor of all things extra virgin olive oil. The model-cum-founder and chief executive officer of the Furtuna Skin beauty brand, olive oil sommelier and children's book author shares her Wildly Potent Kitchen recipes…
Berkshire Owns Both Chevron and Occidental. Which Oil Stock Is the Better Buy Now?
The global energy market has been upended by the geopolitical conflict in the Middle East, sending oil prices sharply higher. Occidental Petroleum (OXY +2.67%) appears better positioned to benefit from high oil prices than Chevron (CVX +2.88%). But…
How Used Engine Oil Can Get Re-Refined And Become Usable Again
Wongsakorn Napaeng/Getty Images If you're like us, you've made several trips to AutoZone or some other auto parts store to turn in your used motor oil after changing it. Or maybe you've watched the techs at the quick-lube place drain your used oil…
UAE's Ras Al Khaimah Shuts All Beaches After Oil Spill In Neighbouring Cities
UAE authorities have not named the tanker involved in the incident or said what caused the spill. Ras Al Khaimah authorities said on Saturday that all beaches in the emirate would be closed until further notice, a day after an offshore oil leak…
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