Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
The great energy pivot: US oil and Chinese solar are the winners in Trump's war on Iran
In the open seas, an armada of empty tankers has quietly turned west. A record number of super-sized vessels are now heading to the US, where oil drillers and refineries are preparing to profit from Donald Trump's war in the Middle East. Almost 30…
Opinion | Trump's oil crisis is accelerating the end of the fossil fuel era
US President Donald Trump is a long-time climate denier and oil industry ally, who sums up his own energy policy as “drill, baby, drill”. Yet he is doing more than almost anyone to speed up the global shift from fossil fuels to clean…
U.S. crude oil arrives in Japan for first time since start of Iran war
Crude oil procured from the United States by Japanese oil distributor Cosmo Oil arrived in Japan on Sunday for the first time since the start of U.S. attacks on Iran in late February. The tanker carrying 910,000 barrels of U.S. crude oil arrived at…
U.S. shale industry reluctant to boost oil production in response to Iran war 'chaos' (XLE:NYSEARCA)
U.S. shale executives say they do not expect to significantly increase production over the next two years as a result of the ' chaos ' arising from the war in the Middle East. According to the anonymous survey of more than 100…
Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) Future Publishing via Getty Images The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter.
Fish oil may be hurting your brain, new study finds
The research was led by neuroscientist Onder Albayram, Ph.D., an associate professor at MUSC and a member of the National Trauma Society Committee. His team focused on the biological processes involved in repairing blood vessels in the brain after…
P&G warns of $1b profit hit in fiscal 2027 from higher oil prices
United States consumer goods giant Procter & Gamble on Friday warned of a roughly US$1 billion (HK$7.8 billion) post-tax hit to its fiscal 2027 profit from surging oil prices, joining a host of global companies flagging significant cost pressures…
California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market. As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels…
Texas is lousy with podunk oil wells, creating headaches for landowners
Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. Some…
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Trump administration said on Friday it had imposed sanctions on an independent 'teapot' refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.
Talks Underway in Pakistan on Iran War, Oil Prices Climb
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Billion-Barrel Hormuz Oil Shock Is About to Crash Demand The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is…
Oil Has Doubled From $70 to $100-Plus Since the Iran War Began. How to Position Now.
Brent oil, the global benchmark price, has soared from around $70 a barrel earlier this year to more than $100 in recent days. Oil could remain high for the rest of this year even if there's a peace deal, due to the time needed to reopen the Strait…
Oil, Geopolitics, and Cameco: Here's Where the Stock Could Be in 12 Months
The geopolitical conflict in the Middle East has led to high oil prices, which is hardly a surprise. However, the situation highlights the importance of power to the normal functioning of the world economy. And it makes a company like Cameco (CCJ…
India plugs oil gap as Middle East supplies sink
India, the world's third-largest oil buyer, normally sources about half of its crude through the Strait of Hormuz, a vital waterway that has seen only a trickle of traffic since the United States and Israel launched attacks on Iran on February 28.
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