Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Cuba has run out of diesel and fuel oil, energy minister says, as US blockade pushes island to brink
Cuba has completely run out of diesel and fuel oil, the country's energy minister said on Wednesday, as Havana faces its worst rolling blackouts in decades amid a US blockade that has strangled the island of fuel. “We have absolutely no fuel…
Energy Up Slightly as Oil Futures Hold Above $100/Barrel -- Energy Roundup
Shares of energy companies ticked up as oil futures held above $100-a-barrel in New York. Recent reports of dwindling stockpiles suggest the continued closure of the Strait of Hormuz is pushing the market toward a tipping point, said Hamad Hussain…
The King's speech contained a huge bit of news for the North Sea oil industry
Proponents argue for a scrapping of the windfall tax on fossil fuel companies to open up investment, and for new licences to be granted for untapped fields. Opponents say a 'just transition' away from what is a finite resource is needed to avoid…
Oil Prices Drive Inflation Above Wages: A Blip, Not A Trend
Man pumping gasoline, checking prices. The increase in consumer prices exceeded wage growth over the past 12 months, with near panic from some reporters. The numbers show wages rose 3.6% but consumer prices increased by 3.8%. This disparity is a…
Second Japanese Oil Tanker Passes Through Strait of Hormuz
The tanker is expected to arrive in Japan around late May or June, but details, including the vessel's route, cannot be disclosed for safety reasons, an Eneos spokeswoman said Thursday. The Eneos vessel is the second Japan-linked oil tanker to…
Tourmaline Oil Corp. stock falls Wednesday, underperforms market
Shares of Tourmaline Oil Corp. TOU slipped 1.54% to C$65.39 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.73% to 34,041.43. Tourmaline Oil Corp.
Imperial Oil Ltd. stock falls Wednesday, underperforms market
Shares of Imperial Oil Ltd. IMO shed 1.16% to C$180.35 Wednesday, in what proved to be an all-around negative trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE falling 0.73% to 34,041.43. Imperial Oil Ltd. closed 2.9%…
Rosemary Oil vs Castor Oil: Which Is Better For Hair Growth?
With the rise of natural haircare remedies on social media, castor oil and rosemary oil are frequently mentioned for promoting hair growth. Often used in both scalp massages and hair masks, these oils have helped overall scalp health and hair…
Iran war and oil to dominate BRICS meet in India
Foreign ministers from the BRICS group of nations, including Iran and Russia, meet in India on Thursday, with the Middle East conflict and related fuel crisis set to dominate discussions. SCROLL TO CONTINUE WITH CONTENT India, which holds the BRICS…
S-Oil unveils data center cooling solution in Seoul
May 13 (Asia Today) -- S-Oil said Wednesday it has unveiled an immersion cooling solution for data centers with Global Standard Technology at HVAC Korea 2026 in Seoul. HVAC Korea showcasing all categories of HVAC systems-including heating…
Hunt Oil Boss Sees Middle East Conflict as 'Nightmare Scenario'
Hunter Hunt, the grandson of famed Texas oil baron H.L. Hunt, is concerned about the impact from damaged Middle Eastern energy infrastructure that could leave oil production lower for years to come. In a fireside chat led by Lorie Logan, president…
San Ai Oil Co FY Net Y9.20B Vs Net Y8.66B
San-Ai Oil Co. Ltd. (8097.TO) Japan Year Ended March 31 GROUP 2026 2025 Revenue Y611.57 bln Y654.40 bln Operating Profit Y12.36 bln Y11.81 bln Pretax Profit Y13.44 bln Y12.86 bln Net Profit Y9.20 bln Y8.66 bln Per share Earnings Y147.69 Y136.93…
Watch Oil Inventories Falling at Record Pace, Warns IEA | The Pulse 05/13/2026
Oil Inventories Falling at Record Pace, Warns IEA | The Pulse 05/13/2026 'The Pulse With Francine Lacqua' is all about conversations with high profile guests in the beating heart of global business, economics, finance and politics. Based in London…
Supply shock: The Iran war will change the oil market forever
You have reached your maximum number of saved items. Remove items from your saved list to add more. There's an increasing imbalance of global oil supply and demand as the war in the Middle East drags on. With global oil inventories depleting at a…
Iran War Is Going to Make Oil Changes More Expensive - TT
Workers inspect vehicles at an oil change location in Indianapolis. (Luke Sharrett/Bloomberg) The Iran war is throwing a niche corner of the oil market into disarray as fallout from scrambled supply chains for the commodity reaches all the way to…
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