Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Japanese fishers hit hard by high crude oil prices
High crude oil prices reflecting the turmoil in the Middle East have hit the Japanese fishing industry hard, including through surges in costs for fuel and related equipment. 'We used to spend about ¥130 million on fuel per ship a year, but…
Watch Why Oil Markets Won't Recover Quickly From the Iran War
The war in Iran has sent shockwaves through global energy markets, pushing oil and gas prices higher and raising concerns about long-term supply disruptions. IEA Executive Director Fatih Birol tells Chrystia Freeland that even if the Strait of…
Scientists say this type of olive oil could boost brain power
A study led by researchers from the Human Nutrition Unit at the Universitat Rovira i Virgili (URV), the Pere Virgili Health Research Institute (IISPV) and CIBERobn points to a meaningful link between extra virgin olive oil, gut bacteria, and brain…
Oil Prices Are Soaring. These 3 Energy Stocks Are the Ones to Buy in April.
Crude prices have skyrocketed this year due to the war with Iran. Brent, the global oil benchmark, has soared more than 60% to around $100 a barrel. Meanwhile, WTI, the primary U.S. oil benchmark, has rocketed 65% to about $95 a barrel. Despite the…
Audio of Indian Oil tanker under Iranian fire in Hormuz: 'Let me turn back'
Iran fired on two Indian-flagged merchant ships in the Strait of Hormuz on Saturday after reversing a one-day reopening of the waterway, escalating a standoff with the United States that has pushed the region to the brink of renewed conflict. The…
Strait of Hormuz closure expected to weigh on stocks, oil to rally
Oil prices are set to rally while the Australian sharemarket is poised for a rocky start to the week following on-again, off-again control of the Strait of Hormuz. Iran had announced the reopening of the critical shipping channel only to reverse…
One Indian oil tanker crosses Hormuz, four others turn back
Amidst rising tensions, one Indian oil tanker successfully navigated the Strait of Hormuz while others turned back, highlighting the strategic waterway's importance for global energy supplies. One Indian-flagged oil tanker, Desh Garima…
Don't get swept away by longevity snake oil. But check out red light therapy and saunas
Snake oil: a product that promises everything and delivers nothing. Are red light therapy and saunas in this class of wellness trends, or do they have benefits?
How The Oil Shock Is Clouding The Outlook For Interest Rates
Oil shocks are prompting the bond market to price in higher yields, with central banks potentially forced to hike rates if elevated oil prices persist and spill over into core inflation. Canadian investment-grade corporate bonds offer yields around…
Out at sea, 35 million barrels of oil buffer Japan from the fuel crisis
Less than 10 kilometres off the coast of Japan, eight large barges are floating in the sea. Inside them are about 35 million barrels of oil. Japan has nine other similar stockpile sites around the country, making up one of the world's biggest oil…
Watch Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots
Federal Agency Probes Suspicious Oil Trades Made Before Trump Pivots The top US derivatives regulator is investigating a series of suspiciously well-timed trades in the oil futures market ahead of recent policy pivots by President Donald Trump…
Drill, baby, drill? The pros, cons and ethics of exploiting North Sea oil
The UK has rapidly decarbonised its energy sector, with emissions falling by about 54% since 1990. Fossil fuels supply only around a third of our electricity, but when it comes to the total energy mix – including heating, transport etc…
US renews Russian oil waiver after pressure from countries dealing with Iran war price shocks
The Trump administration on Friday renewed a waiver allowing countries to buy sanctioned Russian oil at sea for about a month, even as lawmakers accused the government of going easy on Moscow as its war on Ukraine grinds on. SCROLL TO CONTINUE WITH…
If We Net Export Oil, Why Are Gas Prices Going Up?
It's true. America produces more oil than it consumes. That's one of the reasons the U.S. is described as 'energy independent.' On the surface, then, it doesn't seem to make sense that gas has gotten so expensive. That energy independence, though…
Iran war exposes weakness of California's 'green' dependence on foreign oil
California is a beacon for smart people. Yet we seem to excel in producing policies that hurt ourselves. This is particularly clear in the present energy crisis. The showdown in the Strait of Hormuz has raised oil prices worldwide, but it is also…
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