Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Green Retreat: California Eases Carbon-Market Costs For Oil Refiners
California's green-energy regime has hollowed out the state's refining and oil industry, leaving motorists paying the highest gasoline prices in the country. AAA data show the state gasoline average now north of $6 per gallon, compared with a…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, local Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling…
EU Weighs Temporary Freeze on Russia Oil Price Cap Over Iran War
The European Union is considering a temporary freeze to its price cap on Russian oil as the war in the Middle East continues into a fourth month, said people familiar with the matter. The bloc adopted a dynamic mechanism last year to ensure that…
Miliband's oil drill ban wrecking UK as we pay Norway £20bn year for energy
FORMER oil rig worker Gary Hunter has one word to describe eco- fanatic Ed Miliband's rush to Net Zero – “madness”. Since Labour came to power in 2024, the windfall tax imposed on oil and gas company profits soared to 38 per…
Omega-3 fish oil shows promise against type 2 diabetes
The work was funded by FAPESP and focused on Goto-Kakizaki rats, a well established animal model used to study non-obese type 2 diabetes. Type 2 diabetes is marked by high blood sugar that occurs when insulin, the hormone that helps move glucose…
Ukrainian drones cause fires at Russian oil depots | Arkansas Democrat Gazette
Ukrainian drone strikes caused fires at more Russian oil facilities overnight into Saturday, Russian officials said, in what appeared to be the latest attack on Moscow's vital oil industry. Authorities in Russia's Rostov region said falling drone…
Mistras Group: A Beneficiary From High Oil & Gas Production (NYSE:MG)
Mistras Group is rated a buy, driven by recovering upstream oil activity and strategic focus on higher-margin segments like data centers and aerospace. MG's Q1 2026 revenue grew 5% to $169M, with infrastructure and aerospace segments offsetting an…
Ukraine keeps up assault on Russian oil infrastructure as Kyiv braces for more strikes
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Shortages And Rationing Loom As Global Oil Reserves Fall At Fastest Rate In History
No matter what happens now, the world is facing a very painful energy crisis. Let's be as wildly optimistic as we possibly can and assume that Iran agrees to allow free passage through the Strait of Hormuz with absolutely no tolls or restrictions…
Not oil or butter - coat steak in 1 ingredient for 'perfect sear' in pan
Add this ingredient to your steak before frying and basting in the pan Cooking a steak might appear straightforward at first – because all that's required is a hot pan, a touch of seasoning and a few minutes on either side. Yet, pulling off…
Oil barons once ruled here-now this rare Houston mansion hits market
Long before River Oaks became Houston's shorthand for old-money prestige, the city's earliest power brokers were already building a private world behind gates just south of downtown. That world still exists today inside Courtlandt Place —an…
Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes
Ukraine keeps up assault on Russian oil sites as Kyiv expects more strikes Yes, it's an important reflection here of what Ukraine says it's increasing range, ability to strike targets here in occupied Ukraine, but areas where possibly *** year or…
Oil exports through the Strait of Hormuz might not return to levels seen before the Iran war
Oil tanker traffic through the Strait of Hormuz may not return to prewar levels even if the U.S. and Iran reach a deal. Ship traffic in the Red Sea, for example, plummeted in early 2024 due to Houthi militant attacks. Two years later, traffic still…
'Blood oil' and water? Scrutiny over Russia's team link to sanctioned oligarchs vital
You have reached your maximum number of saved items. Remove items from your saved list to add more. The full-scale Russian invasion of Ukraine has been going on for 1557 days. Kyiv is still recovering from Russia's most recent “revenge…
US War Against Iran May Push Oil New Highs If Peace Doesn't Come Fast (Commodity:CL1:COM)
Oil markets remain tight due to the US-Iran conflict, with crude prices up 45.8% since hostilities began and inventories sharply depleted. Even with potential ceasefire talks, I expect only a conditional, slightly bullish outlook for oil prices…
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