Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
China's embrace of electric trucks shifts oil market - TT
Truck driver Qu Shaolong with his e-rig at a charging station in Yulin, Shaanxi Province. (Gilles Sabrié/Bloomberg) China's electric truck adoption accelerated in 2026 as rising diesel prices spurred strong sales growth and expanded use…
Shale executives say Iran war is sowing chaos in oil markets - TT
Pump jacks in Midland, Texas. (Kaylee Greenlee/Bloomberg) Oil bosses in the U.S. are expressing frustration with their inability to plan for the future amid chaos and instability in global crude prices due to the war in Iran. In a series of…
Exclusive | Democratic Senators Challenge Trump Officials on Pentagon's Venezuela Oil Deal
Senate Democrats are challenging the legality and prudence of the Pentagon's plan to take a stake in a Venezuelan oil company, laying the groundwork for a potential probe into the arrangement. The Pentagon's deal for a position in North American…
Aliko Dangote to launch Kenya oil refinery amid land protest in Lamu
Nigerian billionaire Aliko Dangote and Kenya's President William Ruto are set to break ground on a $16bn (£12bn) oil refinery in Lamu, on Kenya's northern coast. Upon completion, the refinery is expected to process 700,000 barrels of crude…
Aliko Dangote to launch Kenya oil refinery amid land protest in Lamu
Ondiro Oganga, Nkechi Ogbonna, Focus on Africa, Waihiga Mwaura, BBC Focus on Africa and Peter Mwangangi, BBC Africa Nigerian billionaire Aliko Dangote and Kenya's President William Ruto are set to break ground on a $16bn (£12bn) oil refinery…
Live: ASX to fall, price of oil surges
ASX futures: -0.5% to 8765 points ASX 200 (Wednesday close): 8,789 points Australian dollar: +0.04% to 69.5 US cents Wall Street: Dow Jones (-0.95%), S&P 500 (-0.25%), Nasdaq Composite (+0.23%) Europe: Stoxx 600 (-0.5%), DAX (+0.79%), FTSE (-0.5%)…
New UK gas and oil projects are a 'no-brainer', says EDF boss
New oil and gas projects are a “no-brainer” that pose “no contradiction” to the net zero agenda, according to the head of EDF Energy. Simone Rossi has joined a string of renewables leaders in making the case for more…
Argentina's Stock Rally Narrows to Oil as Rest of Economy Slows
Argentina's stock market is beginning to mirror the economy's uneven growth under President Javier Milei as energy shares reap the benefits of high oil prices while other sectors stagnate. The nation's benchmark S&P Merval index is now down 9% in…
Oil prices climb on inflation, Iran war - TT
The per-gallon prices are displayed above the various grades of fuel available at a pump at a QuikTrip gasoline station in Greenwood Village, Colo. (David Zalubowski/AP) Oil prices are now hovering between $90 and $100 per barrel as the U.S. war…
Why Iraq's oil cash sits in New York
American troops are scheduled to exit their final military posts in Iraq on Wednesday, a pullout welcomed as a triumph by Iran and its partners. Their sway runs deep across the country, where over two decades of fighting claimed 4,500 U.S. lives.
Customers in the South taking risks with heating oil orders, firm says
Heating oil customers who are worried about the cost are taking risks by delaying orders in the hope of a price fall, a firm has warned. Marsh Fuels, which supplies heating oil in Berkshire and Hampshire, said its sales were lower than expected as…
Stock Futures Rise as Oil Prices, Rate Hike Bets Ease
U.S. stock futures rose as market sentiment strengthened in early European trade, with investors checking expectations for near-term Federal Reserve rate hikes and bracing for inflation data later Wednesday. Oil prices extended recent declines on…
Inflation Grips EU's Top Economies as Oil Prices Pummel Region
Inflation in Europe's top economies jumped to the highest level in years following the latest upswing in energy markets, focusing attention on what the European Central Bank will do next to tame prices. Readings for September in Germany, France…
Trump paused oil, Biden stalled wind. Our crisis has no party
There is a grim resignation that America no longer builds, that our permitting system for energy projects is irreparably bloated and unnavigable. The nation that once constructed the Empire State Building in a year now leaves permit applications to…
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