Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Drone debris causes fire at UAE oil industry site, operations resume: media office
Debris from a drone interception caused a fire that was contained at an oil industry zone in the UAE's Fujairah, authorities said, as Iran presses its Gulf retaliation campaign, AFP reports. “Relevant authorities in the Emirate of Fujairah…
Donald Trump's War On Iran May Have Just Saved America's Oil Industry (Commodity:CL1:COM)
The escalating US-Israel conflict with Iran marks a full-scale war, driving significant volatility in global oil markets. Disruption risks to the Strait of Hormuz threaten nearly 19% of the global oil supply, with Asia most exposed to supply…
Reeves warns of risk of higher energy bills as oil and gas prices soar
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. Rachel Reeves today warned the country of the risk of…
Not just oil: Iran war disrupts China's imports of key industrial material
China could potentially face shortages of methanol – a vital input for several industries – if the Iran war drags on and causes lengthy disruptions to shipping traffic along the Strait of Hormuz, analysts said. Methanol, also known as…
Iranian drone debris causes fire at oil industry site in the UAE
Published March 3rd, 2026 - 08:51 GMT ALBAWABA - Emirati authorities revealed that they intercepted an Iranian drone, but debris from the drone caused a fire at an oil industry zone in Fujairah on Tuesday. The UAE authorities added that the fire…
Watch Energy Shares Surge Alongside Oil Futures | Closing Bell
Energy Shares Surge Alongside Oil Futures | Closing Bell Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.
Oil Rally Builds as 'Staggering' Middle East War Jolts Energy
(Bloomberg) -- Oil surged for a second day as the US and Israel stepped up their war against Iran, with the sprawling conflict's impact on energy assets in the Persian Gulf continuing to grow. Saudi Arabia is exploring the option of delivering more…
As Iran Crisis Upends Oil and Gas, Clean Energy Gets Complicated
The turmoil unfolding in the Middle East is sparking the biggest disruption to oil and natural gas markets since Russia's invasion of Ukraine in 2022. Qatar shut down the world's largest liquefied natural gas export facility, Saudi Arabia suspended…
NI 'least energy secure' part of UK, MLAs warned amid surging oil prices
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. Northern Ireland is the “least energy…
Iran's oil trade with China-What to know
Global shipping has ground to a near halt in the Strait of Hormuz in the Persian Gulf since the U.S. and Israel launched airstrikes against Iran on Saturday. Iran has declared the waterway effectively closed, stranding more than 100 vessels in the…
Stock Futures Fall, Oil Surges
Futures for each of the three main U.S. stock indexes dropped and Brent crude, the global oil benchmark, topped $80 a barrel as the possibility of a prolonged conflict continued to rattle markets. Dow Jones Industrial Average futures were down…
Oil prices will likely fall quickly
Fears of $100 oil are understandable. About 20% of global oil supply transits the Strait of Hormuz. The strait is narrow, and conceivably, Iran could try to close it. Some analysts warn that a prolonged closure could remove 8 to 10 million barrels…
Iran War Lifted Oil, Gas, And Energy - I'm Not Short Yet (SP500)
Deep Value Investing 11.38K Followers Energy has outperformed the broader indexes as oil prices have rallied since the start of the year. The rotation out of tech was secondary to the run, in my view. I believe the 2026 energy rally is mostly a…
What soaring oil prices could mean for markets and the economy
Oil prices spiked in the wake of the US attacks on Iran, with analysts and strategists eyeing negative consequences for markets and the economy if energy prices see a sustained rise. Brent oil rose roughly 7% and stocks whipsawed, with the S&P 500…
Oil prices surge further and markets slump as Middle East war intensifies
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 risen further as the Middle East war…
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