Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Britain faces 'global oil shortage and soaring energy bills' this winter
Britain is set to face soaring electricity bills and knock-on effects from global fuel shortages this winter thanks to the conflicts in the Middle East and Ukraine. While the UK's energy price cap is already set to rise by 4% on October 1, new…
Chevron (CVX) Supercharges its Venezuela Bet with More Oil Rigs
Chevron Corporation (NYSE: CVX) is about to significantly expand its operations in Venezuela. The company's CFO, Eimear Bonner, revealed at a Barclays conference on September 8 that the American oil giant plans to more than double the number of oil…
World running short of supertankers threatens long-haul oil flow
The soaring cost of moving oil around the world is making some long-distance crude trades uneconomical, threatening to disrupt flows at a time when fuel markets have never been tighter. The jump is being driven by a shortage of available…
3 dead in Moscow region, drones hit oil refinery in Russian capital
The largest Ukrainian drone attack reported so far on the Moscow region killed three people and damaged part of an oil refinery in the capital, authorities said on Sunday, as Russia votes in the final day of parliamentary elections. SCROLL TO…
The Best Way to Discard Frying Oil? Don't
There's no denying the appeal of deep-fried foods, from donuts to drumsticks, plus numerous bite-sized appetizers and every kind of potato. But when it comes to whether to bother deep-frying at home, it isn't necessarily a matter of difficulty.
Hormuz oil shipments hit six-month high, U.S. military commander says
Oil and liquefied natural gas shipments through the Strait of Hormuz in the past two weeks reached the highest level in six months, signaling that U.S. naval protection and mine clearance efforts are “paying off,” a regional U.S.
Oil prices face upside risks as global supply disruptions deepen
Oil prices face further upside risks in the coming months as a combination of geopolitical disruptions, constrained shipping, reduced refining capacity and declining inventories leaves global oil markets increasingly tight, Morgan Stanley said in…
Big Oil Backs Mazama's $135 Million Bet On Superhot Geothermal
Mazama Energy announced $135 million in new capital with an oversubscribed Series B that included ConocoPhillips and Shell Ventures. With Devon Energy initially backing Fervo in 2023, a pattern is emerging with oil and gas veterans placing their…
ASX eyes losses as oil prices, bond yields weigh on Wall Street
Wall Street capped an up -and- down week with a mixed finish for US stock indexes, as elevated bond yields and oil prices weighed on the market. The S&P 500 inched 0.2 per cent higher after drifting between modest gains and losses for much of the…
Ukrainian drones target Moscow, oil refinery in deadly attack, Russian officials say
LONDON -- Plumes of smoke rose over Moscow on Sunday morning after Ukraine's latest massed drone attack on the city in which a major oil refinery was among the targets, according to the Russian capital's mayor. Mayor Sergey Sobyanin said in posts…
The Houthis: a new threat to oil supplies
“The Iran war is metastasising,” said Adrian Blomfield in The Telegraph. Having evolved into a struggle for control of the Strait of Hormuz, the conflict is now threatening another key oil-shipping route. One of the reasons that…
One group has stayed mostly mum on Bo French's racist post - Texas' oil and gas industry
Bo French, the rabble-rousing candidate for the Texas Railroad Commission, drew national attention this week for singling out a group of students of South Asian descent at a Longhorns game in a racist social media post, thrusting the…
Moscow Oil Refinery Targeted By Ukraine Drones, Russia Energy War Escalates | Dynamite News
Post Published By: Rishira Jain Updated: 20 September 2026, 10:13 AM IST Moscow: A Ukrainian drone strike on Sunday reportedly targeted Russia's Kapotnya oil refinery in Moscow, bringing the battle over energy infrastructure into the centre of the…
Houthis claim attack on Saudi capital in fresh oil supply fears
Riyadh | The Houthi militia in Yemen said on Saturday (Sunday AEST) that it had attacked Saudi Arabia's capital and oil facilities with a barrage of missiles and drones, a significant escalation in the renewed war between the kingdom and the…
Two dead in massive Ukrainian drone attack on Moscow region, oil refinery
Two people died in one of the biggest Ukrainian drone attacks on the Moscow region and an oil refinery in Russia's capital was hit, authorities said on Sunday, as Russia enters the final day of parliamentary elections. Ukraine and Russia have…
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