Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Alaska's Oil Revival Sparks a New Energy Rush Into the Arctic
When John Kurz left Alaska's North Slope in 2009, he was staring at a grim future for what had once been the country's premiere oil field. Crude production had plummeted to 567,000 barrels per day, barely more than a quarter of the roughly 2…
America's emergency oil reserve is shrinking fast
America's oil stockpiles are shrinking rapidly, with U.S. crude inventories posting consecutive weekly declines, exports surging and the country drawing down from its emergency supplies to offset the impact of the war with Iran on global energy…
Oil Sands Firms Can Afford Carbon Capture, Canadian Energy Minister Says
Canadian Energy Minister Tim Hodgson said he's “highly confident” that Alberta oil sands companies can absorb the cost of building carbon capture, despite their protests that Canada's climate rules hurt their global competitiveness.
Oil prices dip amid optimism over potential US-Iran deal
Oil prices decreased early Monday amid negotiations between the Trump administration and Iran on reopening the Strait of Hormuz and ending the Middle East conflict. West Texas Intermediate crude futures, the benchmark for North American markets…
SNP accused of 'shameful disdain' for industry as oil and gas given junior portfolio
Oil and gas is set to dominate the upcoming by-election in Aberdeen South, which was triggered by Stephen Flynn resigning to become an MSP in Holyrood. The UK Government has a presumption against new oil and gas drilling in the North Sea but has…
Oil prices fall below $100 a barrel on hopes of Iran peace deal
Oil prices have fallen below $100 a barrel and stock markets have risen on hopes that the US and Iran are inching closer to a peace deal. Brent crude futures, the global oil benchmark, were down 5.5% to just below $98 a barrel, the lowest levels in…
Oil prices slide on hopes of US-Iran peace deal
Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said an agreement with Tehran had been 'largely negotiated' and details would be announced soon but the…
Oil slips 6pc as US, Iran seen moving closer to peace deal
Oil prices fell six percent to two-week lows on Monday, as optimism grew that the United States and Iran were moving closer to a peace deal, even though they remain at odds over key issues, such as blockades on the Strait of Hormuz. SCROLL TO…
Oil prices slide on hopes of US-Iran peace deal
Peter Hoskins Business reporter Oil prices have fallen sharply on hopes of a deal that could bring an end to the US-Israel war with Iran. On Saturday, US President Donald Trump said an agreement with Tehran had been 'largely negotiated' and details…
Oil Plummets Below $100 As Rubio Says Iran Deal Could Happen 'Maybe Today'
Secretary of State Marco Rubio said on Monday that the U.S. could have some news to announce “maybe today” on a deal with Iran, but reiterated President Donald Trump's remarks about not being in a hurry, as optimism about a potential…
Watch Deal Or No Deal? Oil Falls On Hope | Insight with Haslinda Amin 5/25/2026
Deal Or No Deal? Oil Falls On Hope | Insight with Haslinda Amin 5/25/2026 Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The…
JGBs Rise Amid Falling Crude Oil Prices
0010 GMT — JGBs rise in price terms in the early Tokyo session amid falling crude oil prices that could ease inflationary pressures in Japan. The decline in oil prices comes amid hopes of a U.S.-Iran deal to reopen the Strait of Hormuz, a…
Meet the Aspiring Texas Oil Regulator Who Wants to Deport 100 Million People
FORT WORTH, TEXAS — A swanky stockyards-themed venue in this Texas city hosted a far-right politician whose candidacy for a top state oil regulator position asks a simple question: is racist posturing enough to win an election? Far-right…
Millers Oils in Brighouse seeks to replace 'outdated' tanks
John Greenwood Local Democracy Reporting Service (LDRS), Yorkshire A long-established Calderdale firm, whose oil products are used in motorsports, is seeking permission to replace 'outdated' storage tanks. Established in Brighouse in 1887, Millers…
Emerging-Market Assets Rise as Oil Drops on US-Iran Deal Hopes
Emerging-market stocks and currencies rose as oil prices declined on signs that the US and Iran were nearing a deal that would reopen the Strait of Hormuz. The MSCI Emerging Markets Index rose 1.3%, on track for a third session of gains. A similar…
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