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 threatens to seize control of Iran's oil industry as attacks continue
Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Donald Trump has warned the US will hit Iran…
How the oil industry and growing political divides turned climate change into a partisan issue
(The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.) (THE CONVERSATION) After four years of U.S. progress on efforts to deal with climate change under Joe Biden, Donald Trump's return to…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
DUBAI, United Arab Emirates (AP) — Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
Iran 's stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the mouth of the Persian Gulf, through which a fifth of the world's oil and natural gas supplies once…
China learns to live on less fuel, to the relief of oil markets
Three months into the Iran war, the oil market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought. SCROLL TO CONTINUE WITH CONTENT Gasoline sales at Sinopec…
Oil prices plummet as Trump claims he is close to US-Iran deal
Global oil prices fell on Friday to lows not seen since the first week of the Iran crisis after Donald Trump claimed he was close to reaching a peace deal with Tehran. The price of Brent crude began to tumble from about $93 a barrel in overnight…
Putin's war chest hit by Ukraine's attacks on oil and gas facilities
Ukrainian troops have dealt another major blow to President Vladimir Putin, attacking the Kremlin's energy sites with hundreds of drones overnight and into Friday morning. The large-scale attack is the latest in a months-long campaign of deep…
Oil Island Hustle - Kotaku
An Empty Island, Full of Oil, and your ON IT! Build your Oil Empire and Dominate the World Market! Create oil factories, produce oil barrels and sell them to different countries and earn Lots of Money! Hire workers to automate and remember to pay…
Sensex, Nifty Surge on US-Iran Peace Deal Hopes, Global Market Rally, Crude Oil Drop
Indian benchmark indices Sensex and Nifty experienced a significant surge, propelled by a global market rally and a sharp decline in crude oil prices, following US President Donald Trump's declaration of an end to the war with Iran and hopes for a…
Analysis: Iran's stranglehold on Strait of Hormuz loosens as Gulf Arab oil reaches market
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Has the US really carried out a secret mission to get oil through Hormuz?
Trump says hundreds of tankers have escaped Iran's blockade. Data suggests shipments are increasing but many questions remain Donald Trump has claimed that the US has been conducting a “secret mission” in the strait of Hormuz to help…
Traders Are Shorting Oil As If The Hormuz Crisis Is Over
Oil traders are increasingly betting on lower prices, with short positions in Brent crude tripling since late March despite the loss of roughly 13 million bpd of supply from the Middle East. Physical market fundamentals are tightening rapidly, as…
What energy insiders in DC are saying about oil prices and a possible Iran deal
What I heard from energy insiders from the sidelines of the Global Energy Forum in DC. Pipelines are not the perfect solution to the Strait of Hormuz blockade that people believe they are. A July “open” of the Strait is critical…
Why targeting Iran's vital oil hub at Kharg Island carries major risks
Iran 's Kharg Island, home to a terminal through which the country exports most of its oil, has emerged as a focus of the war launched in late February by the United States and Israel. Strikes on oil infrastructure on Kharg — or a ground…
Oil price falls to three-month low and stocks rally on hopes of US-Iran deal
News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have fallen to a three-month low and stocks…
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