Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Shares Rose Amid Fears of Lasting Oil Supply Disruption -- Energy Roundup
Energy stocks rose as crude prices kept rising and the war in Iran gave no sign of relief. President Trump said stopping the Iranian regime from getting nuclear weapons is a higher priority than oil prices, while the EIA slashed its forecast for…
Tanker Attacks Spike Oil, Asia Faces Energy Crunch, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Daily on Energy: Record oil supply disruption, waivers to the Jones Act, and some wild weather
Today's newsletter also brings you the latest news on the war in Iran, which the International Energy Agency says has caused the largest oil supply disruption in history. The Trump administration is upping its efforts to stabilize the markets as…
Oil Rally Can Boost Argentina Shale Industry, Vista CEO Says
Higher oil prices stemming from the war in Iran could boost capital expenditure in Argentina's thriving shale patch where production is already accelerating, Vista Energy SAB Chief Executive Officer Miguel Galuccio said in an interview. Even before…
US to release 172 mil. barrels from strategic oil reserve: energy secretary
WASHINGTON - The United States plans to release 172 million barrels from its strategic petroleum reserve, beginning next week, Energy Secretary Chris Wright said Wednesday, as International Energy Agency (IEA) members agreed to make 400 million…
Watch Oil Jumps as Energy Supply Risks Persist | The Asia Trade 3/12/2026
Oil Jumps as Energy Supply Risks Persist | The Asia Trade 3/12/2026 'Bloomberg: The Asia Trade' brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Sydney and Singapore with Haidi…
What on earth is going on with the oil price?
The price of oil rarely makes it into dinner table conversation. But over the last two weeks it has dominated headlines, with huge and unusual rises and falls starting to feel like the new norm. It is currently trading over a third higher than…
Iran's unrelenting attacks on Mideast shipping and energy infrastructure send oil prices soaring
Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel on Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the war in sight. Iran hit a container ship…
White House defends oil price whiplash
Crude oil prices are on a bumpy roller coaster today. Brent crude, the international benchmark, is trading about $99 today after topping more than $100 overnight for the second time since the military operation began. For context, oil prices over…
The Iran war is causing the largest disruption to oil markets in history, IEA says
The Iran war has produced the largest disruption to oil markets in history, the International Energy Agency said on Thursday. 'The war in the Middle East is creating the largest supply disruption in the history of the global oil market,' the IEA…
Middle East crisis live: Iran steps up campaign to disrupt energy markets as oil price hits $100 a barrel
Iran will allow India-flagged tankers to pass through the strait of Hormuz, Reuters is quoting an Indian source as saying. Lebanon said an Israeli strike on central Beirut's seafront killed at least seven people early on Thursday – another…
Russia rakes in oil profits during Iran war
Russia has raked in nearly $7 billion in fossil fuel revenues since the U.S. and Israel's strikes against Iran led to the near-closure of the Strait of Hormuz, according to a new report. The strait is a critical chokepoint for global energy…
An oil crisis as an opening for ingenuity
In just the past six years, the world economy has been jolted by three sharp rises in oil prices. First, during the pandemic. Then, after Russia's invasion of Ukraine in 2022. And now, a war-battered Iran has begun to block the Strait of Hormuz, a…
Iran's unrelenting attacks on Mideast shipping, energy infrastructure send oil prices soaring
DUBAI, United Arab Emirates — Unrelenting Iranian attacks on shipping traffic and energy infrastructure pushed oil above $100 a barrel on Thursday, as American and Israeli strikes pounded the Islamic Republic with no sign of an end to the…
Middle East war creating 'largest supply disruption in the history of oil markets'
Oil markets are now facing the “largest supply disruption in history” as the war in Iran continues to block tankers from producing and shipping millions of barrels of crude each day, the world energy watchdog has warned. The…
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