Oil Industry News
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Trump said his blockade would cause Iran's oil industry to 'explode' this week. Why that won't happen
President Donald Trump said he will blockade Iran until it agrees to a nuclear deal. But it could take a while before the regime feels enough economic pressure. Iran has enough oil storage to buy it at least a month and maybe longer, analysts say.
Significant slowdown': U.S. blockade squeezes Iran's all-important oil industry
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
Daily on Energy: Oil touches four-year highs, ethanol, and NJ eyes nuclear
Welcome to Daily on Energy, written by Washington Examiner energy and environment writers Callie Patteson (@CalliePatteson) and Maydeen Merino (@MaydeenMerino). Email cpatteson@washingtonexaminer dot com or mmerino@washingtonexaminer dot com for…
US blockade is squeezing Iran's all-important oil industry, Analysis - Ya Libnan
Even as Iran squeezes world energy supplies with its chokehold on the Strait of Hormuz, its own oil industry is increasingly being threatened by an American blockade. With no way to export the oil it is pumping out and diminishing room to store it…
Iran oil crisis fuels confusion over energy transition
Nothing highlights the contradictions and costs of Australia's home-grown energy dramas like a global oil crisis. Energy Minister Chris Bowen says the shortages and price hikes created by the Middle East conflict accelerate the need for the…
Opinion: Will Canada choose oil and bondage to the U.S., or forge our own destiny?
Please log in to bookmark this story. Create Free Account John Rapley is a contributing columnist for The Globe and Mail. He is an author and academic whose books include Why Empires Fall and Twilight of the Money Gods. Oil briefly hit US$125 on…
Oil briefly hits 4-year high
Global oil prices surged to a four-year high overnight before retreating somewhat early Thursday as the Strait of Hormuz remains closed, and the prospect of a deal to end the conflict looks dim. The price of Brent crude oil, the international…
What surging oil price means for your petrol, food and energy bills
The price of oil soared overnight to their highest level since 2022 as doubts resurfaced about the Strait of Hormuz shipping route opening fully. The price of Brent crude oil pushed beyond $125 at one stage, reaching a high not seen since Russia's…
Germany's climate U-turn is the worst possible response to the oil shock
The car is perhaps the closest thing Germany has to a national symbol. For this reason, the success of the auto industry and the happiness of motorists has long been a barometer for the standing of the Federal Republic. Since the beginning of the…
Petrobras Output Hits Record as Iran War Jolts Oil Markets
Petrobras pumped record oil and gas volumes in the first quarter and ran its refineries near full capacity, underscoring Brazil's growing importance to global energy markets disrupted by the Iran war. Oil and gas production rose 16% on year to 3.23…
California Oil Driller That Sold No Crude Paid CEO $76 Million
The CEO of California oil driller Sable Offshore Corp. was awarded a $76 million pay package in 2025, making him one of the highest paid oil and gas industry leaders in the US even as his company sold no crude. The bulk of Jim Flores's compensation…
Rising Venezuelan Oil Exports Help Insulate The US From Energy Crisis
If the primary purpose behind the Trump Administration's snatch-and-grab operation against the illegitimate president of Venezuela, Nicolás Maduro, was not readily apparent in January, it should be crystal clear today. Under Maduro, around…
These Oil Giants Had Written Off Venezuela. Now They Are Taking a Second Look.
Rising above the din of voices in the lobby of the J.W. Marriott in Caracas is an unusual sound: Spanish spoken with a Texas twang. Engineers, lawyers and other emissaries of the U.S. oil industry have flocked to the heavily guarded hotel to pitch…
It's not just oil: Why Iran war also threatens Asia's food security
Shawn Yuan,BBC World Service, Global China Unitand As planting season dawned across South East Asia's rice fields, Suchart Piamsomboon, a 60-year-old farmer from Thailand's Chachoengsao province, went to the local shop for fertilisers. But the…
It's not just oil: Why Iran war also threatens Asia's food security
Shawn Yuan, BBC World Service, Global China Unit and Jiraporn Sricham, BBC Thai As planting season dawned across South East Asia's rice fields, Suchart Piamsomboon, a 60-year-old farmer from Thailand's Chachoengsao province, went to the local shop…
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