Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The Oil Market Is in the Grip of a Panicked Race for Barrels
While investors focused on the fragile Iranian ceasefire this week, a desperate scramble for cargoes has been playing out in the oil market, as traders and refiners scour the globe for immediately available supplies. In the North Sea, the world's…
Iran talks underway as Trump says America will be 'loaded up' with oil
President Donald Trump has declared that ships across the globe are heading to the United States to 'load up with oil', while revealing that official talks with Iran have commenced. Trump touted America's domestic oil and gas supply following a…
Defence Forces respond to protest outside Irish oil refinery
An Irish Defence Forces heavy-lift recovery truck has arrived to assist police with a blockade outside an oil refinery, after days of protest strangled fuel distribution in the country. Garda have been attempting to restore access to the Whitegate…
Trump hails 'massive numbers' of empty tankers heading to US for oil
The Strait of Hormuz, the world's most critical oil chokepoint, has been the source of high energy prices around the world after the U.S. and Israel started attacking Iran in late February. Both sides of the conflict agreed to reopen the waterway…
Fuel tankers regain access to Irish oil refinery after police clear protesters
Fuel trucks have regained access to an oil refinery that had been subjected to a days-long blockade after Irish police cleared protesters from the entrance. In a major operation involving scores of gardai, large tractors that had been blocking the…
'Cancelling orders' in China: Hormuz oil crisis hits transport and manufacturing
As the Strait of Hormuz reopened and closed again this week, manufacturers across China are navigating a roller coaster of concerns rooted in supply and pricing volatilities. Soaring oil prices have already filtered through to processed fuel and…
Here's What the Futures Markets Are Saying About Oil and the Conflict in the Persian Gulf
It's always a good idea to look at what market data is telling you about the market consensus opinion on a matter, and right now, energy markets and the conflict in the Persian Gulf are front and center of investor concerns. Here's a look at what…
Exclusive | Wrong-Way Bets on Oil Had a Star Trader Hundreds of Millions in the Hole
A team led by a star trader at Vitol, the world's biggest oil merchant, took a several hundred million dollar hit early in the Iran war after bets in the petroleum market went awry, people familiar with the matter said. Yaoyao Liu is legendary in…
Trump signals tankers headed to US to load up 'sweetest' oil: 'We are waiting for you'
President Trump said Saturday morning that “massive numbers” of empty tankers are headed to the U.S. to stock up on oil and gas, as Iran continues to restrict movement in the Strait of Hormuz. “Massive numbers of completely…
Three oil supertankers appear to make move through Hormuz
Two Chinese supertankers loaded with crude appeared to be transiting the Strait of Hormuz hours after a Greek vessel moved through the waterway, in what would mark a significant uptick in oil shipping traffic days after a fragile ceasefire between…
XES: Oil Service Stocks Turn Pricey, Why Its Time To Take Profits (NYSEARCA:XES)
Downgrade State Street SPDR S&P Oil & Gas Equip & Serv ETF to Hold after a 40% total return since December 2024. XES now trades above 25x earnings, with a PEG ratio over 2x, making valuation unattractive for a cyclical ETF. Momentum and technicals…
Watch 'Oil Demand Is About To Spike... We're Looking At A Volatile Summer' Says Schork
'Oil Demand Is About To Spike... We're Looking At A Volatile Summer' Says Schork Oil prices may have decreased, but with hundreds of millions of barrels having been taken off the market due to the Iran War, true relief is not quite on the horizon…
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[Inside the Newsroom] 2026 oil crisis: How can we create ripples of hope?
It's been less than four years since we survived the COVID-19 crisis, and another one is hitting us more severely — this time, in our pockets. While COVID-19 is essentially a health crisis, the 2026 oil crisis is mainly a price shock…
Gas prices fall for second day as Iran ceasefire eases oil pressure
WASHINGTON — Gas prices fell again Saturday, continuing a slight downward trend as the U.S. enters its first full weekend under a ceasefire agreement with Iran. The national average for a gallon of regular gasoline dropped to $4.135…
Three oil supertankers sail through the Strait of Hormuz
Two Chinese supertankers loaded with crude sailed through the Strait of Hormuz hours after a Greek vessel moved through the waterway, marking a significant uptick in oil shipping traffic days after a fragile ceasefire between the US and Iran was…
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