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…

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…

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…

cnbc.com - Sean Conlon - Stock futures fall as oil prices rise; investors await key reading on inflation: Live updates
Stock futures fall as oil prices rise; investors await key reading on inflation: Live updates
CNBC

U.S. equity futures slipped and oil prices rose on Sunday as Wall Street watched the latest developments in the Iran war negotiations and awaited the release of inflation data that is closely watched by the Federal Reserve. S&P 500 futures traded…

mirror.co.uk - Eliana Nunes - Ukraine blasts Russian oil refinery over 2000km away in latest long-range blitz
Ukraine blasts Russian oil refinery over 2000km away in latest long-range blitz
Daily Mirror

Ukrainian drones have struck an oil refinery in ‌Russia's Tyumen region over 1,200 miles from Ukraine, Volodymyr Zelensky has said. In his nightly video address on Saturday, the Ukrainian president offered thanks to the military's special…

afr.com - Matt Bell - ASX to fall; oil markets on edge over Hormuz closure
ASX to fall; oil markets on edge over Hormuz closure
Australian Financial Review

Iran's claim that it has closed the Strait of Hormuz has cast doubt over a peace deal with the United States and threatens to trigger a fresh jump in crude prices, stoking fears that inflationary pressures could force the Reserve Bank of Australia…

bbc.co.uk - Nick Beake - Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
BBC

Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to shortages caused by Ukraine's recent campaign against…

bbc.co.uk - Nick Beake - Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
Fuel sales halted in occupied Crimea as Ukraine targets oil facilities
BBC

Nick Beake, Europe correspondent in Ukraine and Maia Davies Russian-backed authorities have suspended fuel sales to the public in the occupied region of Crimea as Ukraine continues its attacks on the peninsula. Fuel had already been rationed due to…

bloomberg.com - US-Iran Engaged in Talks, Oil Flowing Through Hormuz, More
US-Iran Engaged in Talks, Oil Flowing Through Hormuz, More
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

bloomberg.com - Elizabeth Stanton - Bond Traders Burned by Fed's Pivot Look to Prices Gauge, Oil
Bond Traders Burned by Fed's Pivot Look to Prices Gauge, Oil
Bloomberg

Bond traders, recently forced to reposition for the possibility of higher interest rates ahead, are looking to this week's personal spending data for an early read on whether the market's newly hawkish stance is warranted. Short-term Treasury…

fool.com - Reuben Gregg Brewer - While Oil Prices Have Fallen From Their Peak, Here's Why They Could Rise Again in the Future.
While Oil Prices Have Fallen From Their Peak, Here's Why They Could Rise Again in the Future.
The Motley Fool

Before the geopolitical conflict in the Middle East broke out, Brent crude was trading in the $60 range. As fighting flared, news from the conflict pushed oil up to just over $130 a barrel. Today, as the two sides appear to have reached a tentative…

washingtonexaminer.com - Claire Carter - Trump says Starmer 'will resign,' rips British PM over immigration and North Sea oil
Trump says Starmer 'will resign,' rips British PM over immigration and North Sea oil
Washington Examiner

President Donald Trump on Sunday said British Prime Minister Keir Starmer “will resign” and ripped the Labour leader over his immigration and North Sea oil policies. “Keir Starmer will resign as Prime Minister of The United…

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