Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Life's Too Short for Bad Olive Oil
MICHAEL:... HALT is the acronym for it, but heat, air, light, and time are the things that really degrade oil. MICHAEL: So exposing it to the air, the light, and then the time obviously, the longer you wait, the more likely it's going to go rancid.
Korea's crude oil supply stable despite uncertainties: industry ministry
Korea's crude oil supply remains stable despite renewed tensions in the Middle East, the industry ministry said Tuesday, vowing to closely monitor major shipping routes in the region. 'Korea has already secured crude oil equivalent to 110 percent…
We Don't Need 24/7 Oil Trading. It's Coming Anyway
When it comes to the question of whether the oil industry needs 24/7 trading, my answer is simple: “Hell no.” (Full disclosure, I may have a conflict of interest; namely, I enjoy weekends.) From what I hear in the oil-trading…
Stocks rebound as Mideast mediation pushes oil lower
By Ankur Banerjee and Johann M Cherian July 21 (Reuters) - Global stocks rose on Tuesday as oil prices retreated from a one-month high on mediation efforts in the Middle East, and investors braced for corporate earnings that will test an AI trade…
Asia stocks up as chip stocks recover, oil eases
Asian stocks mostly rebounded after days of losses on Tuesday led by technology shares, while oil prices eased slightly even as Iran said it had struck hit US military targets in Bahrain and Kuwait. Tech stocks have fallen in recent trading…
The Iran War and the Manipulation of Oil Markets
Our Iran War has fully resumed and last week I published an article on that subject. After many weeks of negotiations, President Donald Trump finally signed a “Memorandum of Understanding” with Iran on June 17th. This was intended to…
The Oil Shock Isn't Over
This article is for subscribers only. Hello and welcome to the newsletter, a grab bag of daily content from the Odd Lots universe. Sometimes it's us, Joe Weisenthal and Tracy Alloway, bringing you our thoughts on the most recent developments in…
Conflict Rattles Stocks, Bonds as Oil Holds Gains: Markets Wrap
Asian equities advanced after three days of losses as a selloff in chip stocks eased ahead of megacap tech earnings this week. The MSCI Asia Pacific Index rose 0.5%, with the Nikkei 225 Stock Average climbing 1.5% as trading resumed after a holiday…
Oil prices climb as U.S. strikes Iran for 10th straight night - TT
People stand on a bridge destroyed after a strike in Hormozgan province, southern Iran, on July 18. (Amirhosein Khorgooi/Iranian Students' News Agency via AP) Oil prices climbed as the U.S. announced another round of strikes targeting Iran for a…
Why the Iran war hasn't caused a global oil crisis - yet
When the Strait of Hormuz first closed at the start of the 2026 Iran war, the world braced for the “ largest energy crisis in history.” Before the conflict began, almost 20 percent of the world's traded oil passed through the narrow…
Oil prices dip as mediation efforts offset US-Iran strikes
July 21 (Reuters) - Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by…
Are Sunscreen Oils Just Tanning Oils in Disguise? Experts Weigh In
When I was a teenager in the mid-2000s, my friends and I never used sunscreen. (Gasp, I know, but it was a different time—and my skin damage proves it.) Instead, we coated our bodies in layers of lotions and potions in pursuit of the perfect…
Oil Edges Lower Amid Hopes of New U.S.-Iran Ceasefire
2340 GMT — Oil edges lower in early Asian trade amid hopes of a new U.S.- Iran ceasefire that could ease worries over supply disruptions in Middle East. Mediators were working Monday to push the U.S. and Iran into a new ceasefire.
Iran's Houthi allies threaten to block the other main oil route
Yemen-based Houthi rebels vowed to place a 'naval blockade' on Saudi Arabia on Monday, a move that could jeopardize another of the world's major oil transport routes and further deepen the fuel crisis that has wracked the world for months. The…
Uncertainty clouds the cost and financing of oil companies' carbon capture projects
The Carney government is unable to say how much the oil sands industry's massive carbon capture and storage (CCS) project will cost or how much Canadian taxpayers will be expected to pay. Ottawa nevertheless announced last week that it will help…
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