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…

Senegal bans ministers from foreign travel as oil price rise bites

Government ministers in Senegal have been banned from all non-essential foreign travel following the rise in the price of oil resulting from the conflict in Iran, the prime minister has announced. Speaking at a youth rally on Friday, Ousmane Sonko…

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

India Acknowledges Iranian Oil Purchases, Dismisses Payment Woes

India is buying crude from Iran among other countries in order to navigate the current energy crisis, the country's oil ministry said, denying payment hurdles were impeding those purchases. The statement is a rare public recognition of energy ties…

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.

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…

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…

Govt reacts after India-bound Iranian oil tanker reroute to China

India said on Saturday that there are no payment issues with Iran for crude imports and that refiners continue to source oil from the country, as well as from a wide range of global suppliers. In a post on X, the Ministry of Petroleum and Natural…

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…

Weekly Indicators: Interest Rates Decline Even As Oil Shock Worsens

All time frames remain at least slightly positive, with long leading, short leading, and coincident indicators showing stability or improvement. Yield spreads and mortgage rates turned more positive, while corporate spreads and mortgage…

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.