Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. A Scottish Conservative win in Aberdeen South…
Norway oil industry maintenance workers launch strike
A Norwegian union representing offshore oil workers announced a strike on Monday (June 15, 2026) by maintenance workers after failing to reach a collective wage agreement regarding the maintenance and servicing of oil wells, which the Norwegian…
CPI(M) seeks permanent closure of oil industrial unit
The Erode Taluk Committee of the Communist Party of India (Marxist) [CPI(M)] has urged the district administration to permanently close an oil industrial unit at Moolakarai in Koorapalayam village and implement the District Coordination Committee…
Tories would give Aberdeen oil industry 'kiss of life' says Badenoch
The Conservative leader is visiting the constituency on Tuesday ahead of Thursday's by-election. Ms Badenoch has been vocal that the party is pro-drilling in the North Sea and said voting for the Tories would “revitalise” the…
Most stocks rise, oil flat following peace deal-fuelled rally
Equities mostly rose Tuesday and oil prices held losses following the previous day's euphoric rally sparked by the US-Iran peace deal that will reopen the crucial Strait of Hormuz. Eyes are now on developments ahead of Friday's signing ceremony in…
U.S. Futures Steady, Oil Edges Lower as Markets Stabilize
U.S. stock futures were flat and oil slipped in early European trade as investors awaited further details on terms of the U.S.- Iran peace deal. Brent crude edged 0.5% lower after falling sharply Monday, as investors weigh the plausibility of…
Nikkei 225 breaks 70,000 on hopes for peace and a stable supply of oil
The Nikkei 225 stock average topped 70,000 for the first time ever on Tuesday as peace negotiations advance in the Middle East and after the Bank of Japan voted to raise its benchmark rate to 1%, from 0.75%. With the U.S. and Iran reaching an…
Oil Futures Rise on Likely Technical Recovery
2336 GMT — Oil futures rise in early Asian trade on a likely technical recovery after futures settled overnight at their lowest level since March 4. Also, the pace of oil-prices' downward correction may be limited to some extent as…
Shippers and oil giants seek clarity on U.S.-Iran peace deal
A U.S.-Iran deal intended to reopen the Strait of Hormuz within days has left many of the world's top shipowners, traders and oil producer nations seeking clarity about the terms of the pact that's pivotal to the global economy. Some Persian Gulf…
Philippines Returns to Global Bond Market as Oil Pressure Eases
The Philippines is tapping the international bond market for the second time this year, seizing the opportunity to fund state spending as borrowing costs eased on optimism over a potential US-Iran agreement. The sovereign issuer is offering notes…
Ukraine Hits Moscow Oil Refinery in Attack on Russia Capital
Ukrainian drones hit Moscow's oil refinery, the latest in a series of strikes on Russian energy infrastructure that has left the nation facing a growing fuel shortage. One of the multiple drones that attacked the Russian capital damaged a facility…
International Petroleum Corporation Corporate Update: Blackrod Phase 1 First Oil Achieved
International Petroleum Corporation (IPC) (TSX, Nasdaq Stockholm: IPCO) is pleased to announce first oil has been achieved at Phase 1 of the Blackrod project, ahead of schedule and on budget. The Blackrod Phase 1 development project began…
Oil Slide Brings Little Relief to Hard-Hit Philippine Consumers
Oil's much-awaited decline may offer little respite for hard-hit consumers in the Philippines, where local pump prices were quick to skyrocket but could take up to a year to normalize. Energy supplies will need time to restart despite Iran and the…
China's Oil Refiners Slash Output After Crude Imports Plunge
Chinese oil refiners sharply reduced output last month to the weakest level in nearly four years, after the country's crude imports plunged to an eight-year low due to the near-halt to shipments from the Persian Gulf. Aluminum, another commodity…
Middle East Oil Markets Weaken on Optimism Over Increased Supply
Middle Eastern crude markets weakened as the US-Iran agreement to reopen the Strait of Hormuz spurred optimism around an increase in flows from the oil-rich region. The forward curve for benchmark crudes like Dubai and Murban flipped into contango…
Receive a Daily briefing on Oil Industry News
Get Started