Oil Industry News

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cnbc.com - Krysta Escobar - This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
This little-known ETF is up over 600% amid U.S.-Iran war, a better trade than oil or energy stocks
CNBC

The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same period. Rising tensions in the Strait of Hormuz…

seekingalpha.com - Carl Surran - U.S. shale industry reluctant to boost oil production in response to Iran war 'chaos' (XLE:NYSEARCA)
U.S. shale industry reluctant to boost oil production in response to Iran war 'chaos' (XLE:NYSEARCA)
Seeking Alpha

U.S. shale executives say they do not expect to significantly increase production over the next two years as a result of the ' chaos ' arising from the war in the Middle East. According to the anonymous survey of more than 100…

forbes.com - Gaurav Sharma - Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
Oil Prices Up 11% On The Week As U.S.-Iran Peace Talks Remain Elusive
Forbes

A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) Future Publishing via Getty Images The past trading week saw oil prices rise by over 11%, as diplomatic efforts to bring peace to the Middle East continue to falter.

businessinsider.com - Naomi Buchanan - Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Why the oil market hasn't seen the Iran war doomsday scenario that experts warned about
Business Insider

Oil prices haven't seen the dramatic surge that some warned about from the war in Iran. Crude futures are above prewar levels, but still well below the more dire spikes to $200 that some forecasters had predicted at the outset of the war. Goldman…

swissinfo.ch - Philippe Monnier - High oil prices could boost renewables, says Energy Vault CEO
High oil prices could boost renewables, says Energy Vault CEO
www.swissinfo.ch

Series CEO spotlight, Episode 12: Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in…

sciencedaily.com - Fish oil may be hurting your brain, new study finds
Fish oil may be hurting your brain, new study finds
ScienceDaily

The research was led by neuroscientist Onder Albayram, Ph.D., an associate professor at MUSC and a member of the National Trauma Society Committee. His team focused on the biological processes involved in repairing blood vessels in the brain after…

theguardian.com - Uwa Ede-Osifo - California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
California's jet fuel supply drops to three-year low as Middle East turmoil squeezes global oil market
The Guardian

California's jet fuel supply has dropped to a level not seen since 2023, as turmoil in the Middle East continues to squeeze the global oil market. As of 17 April, the state's jet fuel stock was just over 2.6m barrels, in comparison to 3.2m barrels…

swissinfo.ch - Philippe Monnier - Sustained high oil prices can make renewable energy and storage solutions more attractive
Sustained high oil prices can make renewable energy and storage solutions more attractive
www.swissinfo.ch

Energy Vault, a firm specialised in energy storage solutions for renewable sources such as solar and wind, is something of an exception for a Swiss-born company. It listed on the New York Stock Exchange (NYSE) in 2022 via an accelerated route…

motherjones.com - Martha Pskowski - Texas is lousy with podunk oil wells, creating headaches for landowners
Texas is lousy with podunk oil wells, creating headaches for landowners
Mother Jones

Get your news from a source that's not owned and controlled by oligarchs. Sign up for the free Mother Jones Daily. This story was originally published by Inside Climate News and is reproduced here as part of the Climate Desk collaboration. Some…

bloomberg.com - Talks Underway in Pakistan on Iran War, Oil Prices Climb
Talks Underway in Pakistan on Iran War, Oil Prices Climb
Bloomberg

Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…

thestandard.com.hk - The Standard 英文虎報 - US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
US imposes sanctions on Chinese 'teapot' refinery for buying Iranian oil
The Standard

The Trump administration said on Friday it had imposed sanctions on an independent 'teapot' refinery in China for buying billions of dollars' worth of Iranian oil, as Washington and Tehran head into another round of peace talks over the weekend.

bloomberg.com - Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Watch Billion-Barrel Hormuz Oil Shock Is About to Crash Demand
Bloomberg

Billion-Barrel Hormuz Oil Shock Is About to Crash Demand The Strait of Hormuz oil shock has yet to crash demand as the rich world borrows from its stocks and pays up to secure supply. Traders are now sounding the alarm that a harsh adjustment is…

observer.ug - DEVON SSUUBI - Uganda's first oil to flow in 2026 - gov't
Uganda's first oil to flow in 2026 - gov't
The Observer

Uganda is edging closer to its long-awaited first oil, with industry leaders indicating that the country has entered the final phase after years of preparation. The update comes ahead of the 11th Oil and Gas Convention scheduled for next week at…

independent.co.uk - Nerijus Adomaitis - All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
All the alternative routes for Middle East oil and gas to bypass the Strait of Hormuz
The Independent

The U.S.-Israeli war with Iran has disrupted shipping through the Strait of Hormuz, with only three vessels passing the waterway in one 24 hour, shipping data showed. The Strait is considered the world's most important oil chokepoint and had been…

fool.com - Reuben Gregg Brewer - Oil, Geopolitics, and Cameco: Here's Where the Stock Could Be in 12 Months
Oil, Geopolitics, and Cameco: Here's Where the Stock Could Be in 12 Months
The Motley Fool

The geopolitical conflict in the Middle East has led to high oil prices, which is hardly a surprise. However, the situation highlights the importance of power to the normal functioning of the world economy. And it makes a company like Cameco (CCJ…

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