Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
OPEC Sees No Peak Oil Demand as Energy Security Beats Climate
OPEC continues to see no peak in global oil demand, forecasting “robust growth” as governments in the US, Europe and elsewhere prioritize energy security and affordability alongside climate goals. “The increased focus on energy…
Oil Mixed as Shipping Through Strait of Hormuz Resumes
'Shipping through the Strait of Hormuz resumed after the U.S.-Iran interim peace deal was signed,' with return of traffic flows through the strait starting to show up in vessel tracking data overnight, said John Oh, economist at Commonwealth Bank…
Stock markets soar and oil prices fall as Strait of Hormuz reopens
Japanese and South Korean stock markets experienced significant gains on Friday, driven by a fragile peace agreement in the Middle East that led to the reopening of the crucial Strait of Hormuz. The reopening of the Strait, following the lifting of…
Oil Prices Fall To 3-Month Lows On U.S.-Iran Deal
Commercial vessels and oil tankers preparing to transit through the Strait of Hormuz, one of the most critical strategic waterways for global trade flows, maintain their wait in the Gulf of Oman, on June 17, 2026. (Photo: Shady Alassar) Oil prices…
Oil Prices Continue Downward Trend - TT
A customer prepares to pump diesel fuel at this Madison, Miss., Sam's Club. (Rogelio V. Solis/AP/File) Oil prices continued their charge downward after the U.S. and Iran signed their initial agreement ending the war. Thanks to falling oil prices…
The Iran Deal Drives Oil Prices Down, But Uncertainty Looms
ISLAMABAD, PAKISTAN - APRIL 11: U.S. Vice President JD Vance (C) walks with Pakistan's Chief of Defence Forces and Chief of Army Staff Field Marshall Asim Munir (L), and Pakistani Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar after…
Supertankers With 80 Million Barrels of Oil Ready to Pass Hormuz
Supertankers laden with almost 80 million barrels of oil are sitting in the Persian Gulf and ready to cross the Strait of Hormuz at a moment's notice, if traders and shipowners give the go-ahead. This non-sanctioned crude from Persian Gulf…
Oil Falls on Signs of Strait of Hormuz's Reopening
2344 GMT — Oil falls in early Asian trade on signs of a reopening of the Strait of Hormuz, a critical channel through which one-fifth of the world's oil is typically transported. “The U.S.- Iran interim peace deal took effect and…
Abu Dhabi Tells Buyers to Load Oil Shipments From Inside Hormuz
Abu Dhabi National Oil Co. has told its customers to resume loading its crude oil from ports within the Persian Gulf, the company said in a notice sent to customers seen by Bloomberg and corroborated by term lifters. The United Arab Emirates…
Wave of Persian Gulf oil set to leave Asian refiners swamped
An impending wave of oil that's been trapped inside the Strait of Hormuz is set to be unleashed on Asia, which would suddenly swamp a region that had managed to make up for lost supply in recent weeks. Around 31 supertankers, capable of carrying…
The Mystery of China's Oil Demand Drop Is No Mystery
It's the biggest conundrum in the world economy right now: How has China managed to go on an oil detox? As my colleague Javier Blas has written, its sharply declining appetite for petroleum is probably the single biggest factor that has kept the…
The Iran oil shock taught traders these key lessons about demand and China
Global oil prices on Thursday touched their lowest level since the U.S.-Israeli war with Iran began almost four months ago. That marks a drop of more than 30% from their May peak and likely averts the disaster commodity experts had warned about as…
India Seen Making Slow Return to Mideast Oil as Hormuz Reopens
India's state-run refiners have already secured enough crude for the next two months and are in no rush to resume purchases from the Middle East even if the Strait of Hormuz reopens to commercial traffic. Local processors have been asked by Middle…
Trump Says Iran Deal Critics Are 'Fools' As He Touts 'Record High' Markets And 'Tumbling' Oil Prices
President Donald Trump lashed out at critics of his deal to end the war with Iran early on Thursday while touting soaring stock markets and falling global oil prices, hours after both he and his Iranian counterpart signed a preliminary agreement to…
This Week's Market Wrap: Oil Collapse, Fed Reset, And AI's Growing Reach
A surprise U.S.-Iran peace framework sent oil prices sharply lower, easing inflation fears and fueling a powerful rally in technology, consumer discretionary, airlines, and other economically sensitive sectors. The Federal Reserve held rates…
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