Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

cnbc.com - Krysta Escobar - This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
CNBC

The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same period. Rising tensions in the Strait of Hormuz…

forbes.com - Gaurav Sharma - Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
Forbes

A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) Future Publishing via Getty Images The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter.

businessinsider.com - Naomi Buchanan - Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Business Insider

Oil prices haven't seen the dramatic surge that some warned about from the war in Iran. Crude futures are above prewar levels, but still well below the more dire spikes to $200 that some forecasters had predicted at the outset of the war. Goldman…

swissinfo.ch - Philippe Monnier - High oil prices could boost renewables, says Energy Vault CEO
High oil prices could boost renewables, says Energy Vault CEO
www.swissinfo.ch

Series CEO spotlight, Episode 12: Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in…

theguardian.com - Uwa Ede-Osifo - California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
The Guardian

California's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market. As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels…

swissinfo.ch - Philippe Monnier - Sustained high oil prices can make renewable energy and storage solutions more attractive
Sustained high oil prices can make renewable energy and storage solutions more attractive
www.swissinfo.ch

Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 via an accelerated route…

motherjones.com - Martha Pskowski - Texas is lousy with podunk oil wells, creating headaches for landowners
Texas is lousy with podunk oil wells, creating headaches for landowners
Mother Jones

Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. Some…

bloomberg.com - Talks Underway in Pakistan on Iran War, Oil Prices Climb
Talks Underway in Pakistan on Iran War, Oil Prices Climb
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

thestandard.com.hk - The Standard 英文虎報 - US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Standard

The Trump administration said on Friday it had imposed sanctions on an independent 'teapot' refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.

fortune.com - Jason Ma - U.S. oil producers aren't coming to the rescue despite high prices as mistrust and chaos hit outlook. The 'market is being manipulated'
U.S. oil producers aren't coming to the rescue despite high prices as mistrust and chaos hit outlook. The 'market is being manipulated'
Fortune

Companies in the heart of the U.S. oil patch don't plan on opening up the taps anytime soon—even as the recent spike in crude prices offers a windfall opportunity—due to all the uncertainty weighing on the longer-term outlook. In a…

bloomberg.com - Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Bloomberg

Billion-Barrel Hormuz Oil Shock Is About to Crash Demand The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is…

observer.ug - DEVON SSUUBI - Uganda's first oil to flow in 2026 - gov't
Uganda's first oil to flow in 2026 - gov't
The Observer

Uganda is edging closer to its long-awaited first oil, with industry leaders indicating that the country has entered the final phase after years of preparation. The update comes ahead of the 11th Oil and Gas Convention scheduled for next week at…

independent.co.uk - Nerijus Adomaitis - All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The Independent

The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in one 24 hour, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been…

aljazeera.com - Al Jazeera Staff - US sanctions China's 'teapot' refinery for buying Iranian oil
US sanctions China's 'teapot' refinery for buying Iranian oil
Al Jazeera

The United States has sanctioned a Chinese oil refinery for buying hundreds of millions of dollars worth of Iranian oil. Ahead of potential new talks on ending the US-Israeli war on Iran, the US Treasury Department on Friday said that it was…

thehindu.com - Ap - U.S. imposes sanctions on China-based oil refinery, 40 shippers over Iranian oil
U.S. imposes sanctions on China-based oil refinery, 40 shippers over Iranian oil
The Hindu

The Trump administration is placing economic sanctions on a major China-based oil refinery and roughly 40 shipping companies and tankers involved in transporting Iranian oil. The move, announced on Friday (April 24, 2026) and first reported by The…

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