Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

forbes.com - Alex Knapp - This Geothermal Startup Plans To Use Oil Tech For Green Energy
This Geothermal Startup Plans To Use Oil Tech For Green Energy
Forbes

A new geothermal player. Upgrading the grid with wood veneers. How drones are leveling the military playing field. All that and more in this week's Prototype. To get it in your inbox, sign up here. Geothermal energy is hot right now. Energy demand…

forbes.com - Ed Hirs - War Gaming The Price Of Oil
War Gaming The Price Of Oil
Forbes

Hundreds of oil tankers remain bottled up in the Persian Gulf (at this moment). Iran's blockade of the Strait of Hormuz, long threatened, became fact with the U.S. attack on Iran. Removing approximately 10 million barrels per day caused consumers…

thehill.com - Elliott Davis - Strait of Hormuz oil flow 'back towards normal': Energy secretary
Strait of Hormuz oil flow 'back towards normal': Energy secretary
The Hill

Energy Secretary Chris Wright said Sunday that the flow of oil through the Strait of Hormuz is returning “back towards normal,” a day after Iranian officials signaled they would be closing the vital waterway due to Israeli strikes in…

redstate.com - Ward Clark - Trump's Energy Win: Oil Under $80 Despite Iran Conflict
Trump's Energy Win: Oil Under $80 Despite Iran Conflict
redstate.com

Everything, in every economy, everywhere, has energy costs at its heart. The cost of energy is factored into every product, every commodity, every good, every service, in every one of billions of economic decisions made by people every day. Be it a…

forbes.com - Robert Rapier - Why Big Oil Is Backing Away From Renewables
Why Big Oil Is Backing Away From Renewables
Forbes

Protesters at Marble Arch in London demonstrate against the Energy Intelligence Forum (EIF) summit, a gathering between Shell, Total, Equinor, Saudi Aramco, and other oil giants, being held in central London. Picture date: Thursday October 19…

bloomberg.com - Matthew Burgess - US Futures Slip, Oil Climbs on Renewed Iran Threat: Markets Wrap
US Futures Slip, Oil Climbs on Renewed Iran Threat: Markets Wrap
Bloomberg

US stock futures fell and oil climbed as talks between Washington and Tehran were clouded by a renewed threat from President Donald Trump to strike Iran. The pound slipped on speculation around Keir Starmer's future as UK prime minister. S&P 500…

theguardian.com - Kalyeena Makortoff - Oil prices fall and stock markets rise as US-Iran peace talks progress - business live
Oil prices fall and stock markets rise as US-Iran peace talks progress - business live
The Guardian

Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Investors are pegging hopes on to reports of progress in the US-Iran peace talks, helping ease market jitters that have weighed on stocks…

independent.co.uk - James C. Reynolds - Oil prices fall as Iran claims 'great progress' in talks
Oil prices fall as Iran claims 'great progress' in talks
The Independent

Oil prices fell and stocks rose on Monday after negotiators said that “great progress” had been made in talks with Iran and the United States, despite a growing war of words between Donald Trump and Iranian officials. Brent crude…

yahoo.com - Tsvetana Paraskova - India's Imports of Russian Oil Set for New Record High
India's Imports of Russian Oil Set for New Record High
Yahoo!

India is set to import a record-high volume of Russian crude in June as the Hormuz crisis and the U.S. waivers on Russia's barrels have pushed the world's third-largest crude importer to gorge on Moscow's oil again. India has imported 2.6 million…

independent.co.uk - James C. Reynolds - Stock markets up and oil prices fall amid further US-Iran peace talks
Stock markets up and oil prices fall amid further US-Iran peace talks
The Independent

Oil prices declined and global stock markets generally saw gains following reports of significant progress in talks between Iran and the United States, despite ongoing tensions and statements from Donald Trump. Mediators from Pakistan and Qatar…

bloomberg.com - Watch Oil Stockpiles Near Danger Zone
Watch Oil Stockpiles Near Danger Zone
Bloomberg

Oil Stockpiles Near Danger Zone Energy markets expert and author of Oil's Endless Bid Dan Dicker says oil markets are underestimating the impact of ongoing supply disruptions, warning that global stockpiles have been drawn down significantly as…

wsj.com - Dow Jones Newswires Staff - Oil Falls on Progress in Peace Talks, U.S. Stock Futures Mixed
Oil Falls on Progress in Peace Talks, U.S. Stock Futures Mixed
Wall Street Journal

Oil prices weakened in early European trade as tankers continued to transit the Strait of Hormuz over the weekend, while peace talks between the U.S. and Iran progressed. Qatari and Pakistani mediators said Washington and Tehran established a line…

bloomberg.com - Chinese Oil Imports May Never Fully Recover From Iran War
Chinese Oil Imports May Never Fully Recover From Iran War
Bloomberg

Chinese oil imports may never fully recover from the Iran war, with analysts saying the conflict accelerated a permanent shift away from fuels like gasoline and diesel. Rystad Energy estimates that 200,000 to 600,000 barrels a day of transportation…

bloomberg.com - Rivaldo Jantjies - JPMorgan's Lipikhina Sees Europe Stocks Lagging Despite Oil Drop
JPMorgan's Lipikhina Sees Europe Stocks Lagging Despite Oil Drop
Bloomberg

European equities may struggle to keep pace with US and emerging market peers in the second half of the year as falling oil prices threaten a key source of earnings growth, according to Nataliia Lipikhina at JPMorgan Chase & Co. “If oil…

bloomberg.com - Thomas Gualtieri - Escrivá Says ECB Must Be Vigilant on Oil Price Impact on Wages
Escrivá Says ECB Must Be Vigilant on Oil Price Impact on Wages
Bloomberg

The European Central Bank must watch for any knock-on impact on wages from higher oil and commodity prices resulting from the Middle East conflict, Governing Council member Jose Luis Escrivá said. He said the most relevant observation at the…

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