Oil Industry News

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

theglobeandmail.com - Andrew Willis - Opinion: Oil patch CEOs must show a pathway to increased production after striking carbon tax deal
Opinion: Oil patch CEOs must show a pathway to increased production after striking carbon tax deal
The Globe and Mail

Please log in to bookmark this story. Create Free Account Leaders of the country's largest oil companies spent the past few months playing hardball with the federal and Alberta governments over carbon taxes. On Monday, we learned those aggressive…

standard.co.uk - Katrine Bussey - Labour MPs told backing North Sea is 'about more than oil and gas'
Labour MPs told backing North Sea is 'about more than oil and gas'
Evening Standard

Get our award-winning daily news email featuring exclusive stories, opinion and expert analysis I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. MPs are being urged to back North Sea oil and…

forbes.com - Alan Ohnsman - Renewed Iran Fighting Will Sustain Shift Away From Oil
Renewed Iran Fighting Will Sustain Shift Away From Oil
Forbes

Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. W elcome back to Current Climate. The resumption of hostilities between the U.S. and Iran sent oil and gasoline prices…

japantimes.co.jp - Oil surges as Trump says U.S. wants 20% charge for Hormuz flows
Oil surges as Trump says U.S. wants 20% charge for Hormuz flows
The Japan Times

Oil surged by the most since April after U.S. President Donald Trump said he would reimpose a blockade on Iranian ships transiting the Strait of Hormuz and demand payment for all other cargo moving through the waterway, dashing hopes for a…

gizmodo.com - Passant Rabie - The Government Wants to Turn Abandoned Oil Rigs Into Rocket Launch Pads
The Government Wants to Turn Abandoned Oil Rigs Into Rocket Launch Pads
Gizmodo | The Future Is Here

Hundreds of offshore oil rigs have neared the end of their lives, but they remain perched high above the surface of oceans while the wells beneath them have run dry. Now, the government has proposed a plan to repurpose the offshore rigs and use…

wsj.com - Oil Rises Amid Escalating Mideast Conflict
Oil Rises Amid Escalating Mideast Conflict
Wall Street Journal

2346 GMT — Oil rises in the early Asian trade amid the escalating Middle East conflict. The U.S. launched its third straight night of strikes on Iran following President Trump's announcements of a multiday wave of attacks and a fresh…

bloomberg.com - Rob Verdonck - Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap
Oil Holds Gains as Iran Stokes Inflation Worries: Markets Wrap
Bloomberg

Oil held gains and Asian stocks were set to track Wall Street lower after the standoff between the US and Iran intensified, raising concerns that disruptions to energy supplies could accelerate inflation. West Texas Intermediate crude was little…

dawn.com - Oil extends gains after latest US strikes, tech suffers more losses
Oil extends gains after latest US strikes, tech suffers more losses
Dawn

Oil prices jumped and stocks fell again after fresh US strikes against Iran that marked a new escalation in hostilities that has fuelled fears over their already fragile truce and the chances of another spike in inflation, Reuters reports. Tech…

bloomberg.com - US Concludes Attacks on Iran, Oil Prices On the Rise, More
US Concludes Attacks on Iran, Oil Prices On the Rise, More
Bloomberg

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

abc.net.au - David Taylor - The spike in oil prices could flow on to Aussie motorists
The spike in oil prices could flow on to Aussie motorists
Australian Broadcasting Corporation

The oil price has surged more than 10 per cent following heightened Middle East tensions. The recent closure of the Strait of Hormuz saw the oil price lift, but buying in the market accelerated following Donald Trump's latest Truth Social post.

standard.co.uk - Jeremy Cutler - FTSE 100 flat as oil price rises amid Middle East tensions
FTSE 100 flat as oil price rises amid Middle East tensions
Evening Standard

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. The FTSE 100 struggled for direction on Monday, while the…

standard.co.uk - Holly Williams - Oil prices jump after weekend US and Iran attacks
Oil prices jump after weekend US and Iran attacks
Evening Standard

News from The City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Oil prices have shot up further after US and Iran attacks…

cnbc.com - Lee Ying Shan - Trump's Hormuz toll plans bring oil supply risks back in spotlight
Trump's Hormuz toll plans bring oil supply risks back in spotlight
CNBC

President Donald Trump has proposed to impose a 20% fee on cargo passing through the Strait of Hormuz. Lipow Oil Associates estimates that Trump's proposed fee would effectively add about $16 a barrel to oil shipped through the strait. President…

kbs.co.kr - Gov't Reviews Oil Supply As Middle East Crisis Continues
Gov't Reviews Oil Supply As Middle East Crisis Continues
KBS

The government has launched an emergency review of crude oil supply conditions as tensions in the Middle East escalate following Iran's reclosure of the Strait of Hormuz and recent U.S. strikes. The Ministry of Trade, Industry and Resources said on…

cnbc.com - Michael Khouw - Oil volatility is creating a 'win-win' trade strategy
Oil volatility is creating a 'win-win' trade strategy
CNBC

Oil prices jumped after President Donald Trump reinstated the blockade on the Strait of Hormuz. The move follows the latest rounds of strikes between Iran and the U.S. over the weekend. The volatility is creating a unique opportunity in the options…

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