Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Trump shares 'Strike on Kharg' image, reviving Iran oil hub focus
President Donald Trump has shared a series of images on Truth Social centered on Iran 's energy infrastructure and maritime trade, including one bearing the message 'Strike on Kharg'—a reference to Iran's most important oil-export hub and a…
Oil Market's Glut Narrative Just Blew Up
Less than a month ago, analysts were warning of a looming glut of crude oil as tanker traffic via the Strait of Hormuz began to recover amid a U.S.-Iran ceasefire. Within days of these warnings, the ceasefire was a painful memory, missiles were…
Iranian oil minister says it sold $18b. of oil during war, ceasefire
Iranian Oil Minister Mohsen Paknejad said Iran sold $11.5 billion worth of oil during the war and a further $6.5 billion during a ceasefire, when lower risks to tanker traffic helped increase exports and enabled the sale of part of around 100…
Argentina's Oil Production Soars as Vaca Muerta Breaks New Records
Argentina's massive shale oil and gas boom is going from strength to strength. The economically crisis-prone South American country yet again reported record monthly oil and natural gas production for May 2026. This couldn't come at a better time…
Oil, Tariffs, And War Hit Markets Together (SP500)
Markets are confronting a rare three-way shock: war in the Middle East, renewed shipping disruption, and a broader U.S. tariff wall. Brent near $100 matters far beyond energy stocks. It threatens consumer spending, corporate margins, and the Fed's…
ASX set to rise, oil drops as Middle East tensions ease
The Australian sharemarket is set to rise as the US paused an almost two-week run of strikes against Iran while the Islamic Republic signalled it was refraining from any retaliatory attacks and held talks with Oman over the Strait of Hormuz.
Idle, aging oil platform raises alarm for Dongara's fishers
Posted Sun 26 Jul 2026 at 10:03am Fisherman and conservationists have sounded the alarm over the uncertain future of an oil rig after its owners entered voluntary administration. Pilot Energy planned to work with Triangle Energy to repurpose the…
Tatiana Bailey: How we can bypass oil trade volatility
Because of the continuing crisis in the Strait of Hormuz and its impact on oil prices, I've recently learned some interesting information I'd like to share with you. The word “strait,” as in Strait of Hormuz, actually means…
Interest rate hold provides relief, but oil prices pose inflation threat
The South African Reserve Bank kept interest rates unchanged, with economists and property experts saying the decision provides certainty while warning that volatile oil prices remain the biggest risk to inflation and future rate decisions. The…
From the strait of Hormuz to the North Sea, a global maritime war rages around us - and more than the price of oil is at stake | Simon Tisdall
The US military campaign to protect merchant shipping from Iranian attacks by asserting direct maritime control in the strait of Hormuz is not an idea unique to Donald Trump's administration. Almost exactly 200 years ago, in the period 1825-27, a…
West Asia Conflict, US Fed Rate Decision, Crude Oil Prices: Key Market Drivers This Week
This week, global markets are poised for significant volatility as investors closely monitor the evolving West Asia conflict, the US Federal Reserve's crucial interest rate decision, and the impact of crude oil price fluctuations on inflation and…
'Freeze the conflict': Drones slow Kazakh oil flow amid Russia-Ukraine war
Sitting next to Russian leader Vladimir Putin, Kazakhstan's President Kassym-Jomart Tokayev on Saturday cautiously weighed in on the Russia-Ukraine war, now in its fifth year. “If I may offer my humble opinion … perhaps it is time to…
Huge oil tanker explodes near Iran after Trump pauses strikes
Video purports to show the oil tanker on fire A huge oil tanker has exploded in the Straight of Hormuz after hitting a mine, according to the state's semi-official Tasnim news agency. The vessel was reportedly struck after straying from a route…
Mideast oil may soon have no way out amid 'everything everywhere all at once' wars, but the crisis in refined products is even worse
Fighting across the oil-producing world is catching up with energy markets, which could soon be choked off by multiple chokepoints and shortages. Over the weekend, the U.S. and Iran have paused their attacks on each other in the Persian Gulf while…
Where is Greta and Just Stop Oil when half of Europe is burring?
Please or to access all these features Join the discussion and chat with other Mumsnetters about everyday life, relationships and parenting. localnotail · Today 20:56 Just that, really? Surely this would be the the right opportunity to…
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