Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump is an absolute disaster for the oil and gas industry
You have reached your maximum number of saved items. Remove items from your saved list to add more. Add articles to your saved list and come back to them anytime. The bittersweet joke in energy circles is that the Nobel committee should create a…
Higher Oil Prices Pose a Dilemma for US Shale
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, energy reporter David Wethe looks at the path ahead for US shale drillers as oil trades 30% above prewar levels. The casual observer…
So what is the real oil price right now?
For all my reporting life, I've dreaded one question: What is the price of oil — the real one? Invariably asked during a crisis, it demands a neat answer, a precise dollar-per-barrel figure. But each time my reply is anything but: It depends…
Asia's Largest Oil Buyers Are Running Low on Hormuz Alternatives
Asia's largest oil buyers have been able to lean on workarounds to limit the impact of more than seven weeks of war in the Persian Gulf, shielding not only their own economies but those of neighbors competing for cargoes. That luck is beginning to…
Are Peptides Just Snake Oil? Don't Ask the FDA
The Food and Drug Administration will hold meetings this summer to discuss whether compounding pharmacies should be allowed to manufacture half a dozen commonly sought, yet unproven peptides. Health Secretary Robert F. Kennedy Jr. claims the move…
Government grant to replace oil boilers with heat pumps boosted as prices bite
Households grappling with the escalating expense of heating oil are set to receive enhanced grants to facilitate the replacement of their oil boilers with electric heat pumps, the Government has announced. Ministers are increasing the grants…
Closure of Strait of Hormuz distorts oil markets
The gaps in global oil markets are widening: Futures, driven by events and Trump tweets, are trending down, while physical barrels trade at huge premiums as refiners scramble for immediate supply. Saudi Arabia's Arab Light is selling to Europe at a…
Stocks Set for Gains, Oil Dips on Peace Deal Hopes: Markets Wrap
Stocks were set to advance as signs Iran may join talks with the US fostered cautious optimism about progress in the Middle East ahead of a looming ceasefire deadline. Crude oil dropped. Equity-index futures pointed to gains in Japan, Hong Kong and…
Bill protecting oil and gas industry from climate-related lawsuits goes to Stitt
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Is your dark chocolate fake? The brands with milk and palm oil
As the price of chocolate soars, which dark chocolate brands are the real deal? READ MORE: Is your olive oil FAKE? Prices have surged, but some popular brands are producing lower quality bottles from vague sources Hailed as the healthier and more…
Oil Shows the Invisible Hand of the Market at Work
Even after today's rise in oil prices, benchmark Brent crude futures are more than 15% below their March peak. That's not just because President Trump seems eager to wrap up the war. Higher prices for crude also appear to be hitting demand. Surges…
Shell faces new court case over oil and gas investments
British energy giant Shell is facing a new legal challenge in the Netherlands, as a Dutch climate activist group demands an immediate end to its investments in new oil and gas projects. The lawsuit from Friends of the Earth Netherlands comes amid…
US forces board a sanctioned oil tanker in the Indian Ocean, the Pentagon says
U.S. forces have boarded an oil tanker previously sanctioned for smuggling Iranian crude oil in Asia, the Department of Defense said Tuesday. In a social media post, the Pentagon said U.S. forces “conducted a right-of-visit maritime…
Oil Falls Amid Prospects of U.S.-Iran Talks
0004 GMT — Oil falls in early Asian trade amid prospects of U.S.-Iran talks that could lead to reduced supply disruptions. U.S. negotiators are expected to arrive in Pakistan this week for talks with Iran. Iran has told regional mediators…
Oil Prices Don't Reflect Scale of Supply Hit, Analysts Say
Oil prices don't fully reflect the largest supply disruption ever, after the Iran war effectively closed the Strait of Hormuz, some of the market's top analysts said. So far, the conflict has caused the loss of a billion barrels of supply, an…
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