Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Oil surges as fresh U.S. strikes on Iran threaten fragile truce
Oil jumped after a second day of U.S. military strikes on Iran, with the Islamic Republic announcing a halt to all vessels through the Strait of Hormuz in response, putting further strain on a fragile ceasefire. Brent crude surged more than 2% to…
How the U.S. Became the World's Top Oil Exporter: Shifts in Global Energy Markets and Leverage
The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran reshapes global…
Indian Oil Stocks Slide as Iran Shuts Strait of Hormuz; Oil Prices Surge
Shares of India's state-run oil marketing companies (OMCs) tumbled on Thursday as global crude prices surged following Iran's declaration that the Strait of Hormuz is closed to all maritime traffic. The escalating conflict in the Middle East has…
Stocks drop, oil rises as Iran and rate worries dog traders
Fresh worries about the Middle East ceasefire and the prospect of a US interest rate hike hit stocks and oil prices Thursday, following a rollercoaster week for markets that has sent shivers through trading floors. Investors took a little heart…
Ten Reasons Oil Is Still Below $100 a Barrel
Regular readers will know that I've been more sanguine than many about the likely impact what is undoubtedly a massive oil shock being delivered by the war in Iran. But the market has still managed to surprise me: More than 100 days into the war…
Meet the Spanish company at the heart of Alaska's oil industry revival
Josu Jon Imaz, a former member of European Parliament, runs Spain's largest oil company. Recently, though, his focus has drifted thousands of miles from Madrid, to the far north. Imaz's company, Repsol, is one of several oil and gas businesses…
Oil Rises Amid Escalating Supply-Disruption Fears
2332 GMT — Oil rises in early Asian trade amid escalating supply-disruption fears caused by rising U.S.- Iran tensions. The U.S. launched a fresh wave of attacks on Iran Wednesday, conducting strikes against multiple targets on President…
Oil Crunch Is Stoking Asia's Demand for Coal, Shipping CEO Says
Coal is emerging as an increasingly attractive alternative to oil for energy-starved countries across Asia, according to Stamatis Tsantanis, chief executive officer of Seanergy Maritime Holdings Corp. “China has been restocking massive…
Oil Falls Despite Fresh U.S. Military Action on Iran; U.S. Futures Rise
Oil fell in early morning European trading after initially rising following fresh U.S. military strikes on Iran. U.S. futures are higher after tech-related losses and inflation data hurt markets on Wednesday. Treasury yields and bitcoin are up…
Watch 'Both Sides Are Lying': Fereidun Fesharaki on Oil Flows
'Both Sides Are Lying': Fereidun Fesharaki on Oil Flows FGE NexantECA Chairman Emeritus Fereidun Fesharaki says 'both sides are lying' as the conflict between the US and Iran continues, adding that oil prices are currently driven by sentiment…
Oil Prices Rise, Asian Equities Fall Amid Escalating U.S.-Iran tensions
The U.S. launched a fresh wave of attacks on Iran Wednesday, conducting strikes against multiple targets on President Trump's orders, the American military said. U.S. military forces were striking air defenses and radar sites near the Strait of…
China Is Propping Up the World Economy by Importing a Lot Less Oil
A sharp fall in China's crude oil imports during the Iran war has been instrumental in holding down oil prices and keeping the global economy humming. Clues are emerging in the mystery of the missing three million barrels—the oil that China…
Oil Prices Rise as U.S.-Iran Tensions Escalate
Oil prices rose Thursday afternoon as escalating U.S.- Iran tensions heightened fears of supply disruptions in the Middle East. The U.S. launched a fresh wave of attacks on Iran on Wednesday, striking multiple targets on President Trump's orders.
Asian Stocks to Fall, Oil Rises as US Strikes Iran: Markets Wrap
Asian stocks were poised for losses on Thursday as a tech-led selloff on Wall Street and rising oil prices fueled by renewed Middle East tensions weighed on sentiment. Equity-index futures for Japan, Australia and South Korea pointed to declines…
BYD powers past Geely as oil shock charges up global EV demand
The global energy crisis has helped propel BYD back into pole position in China's automotive sector, allowing it to regain ground on Geely Auto as demand for battery-powered vehicles accelerates worldwide. The Shenzhen-based electric vehicle (EV)…
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