Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
New North Sea oil drilling faces delay after gear accidentally dropped in sea
Production at Britain's biggest undeveloped oil and gasfield could be delayed for months after equipment from a rig was accidentally dropped in the North Sea, the Guardian can reveal. Andy Burnham's new government is under pressure from the fossil…
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…
Oil Near $100 Puts Fed and Peers in Interest-Rate Spotlight
From Washington to London to Tokyo, central bankers are set to reveal just how worried they are about a return of oil to about $100 a barrel. Three days of Group of Seven rate decisions, starting with the Federal Reserve on Wednesday, followed by…
Is an Oil & Gas ETF or a Solar Stock Fund the Better Buy in 2026?
The State Street Energy Select Sector SPDR ETF (XLE +0.34%) offers low-cost, mature energy exposure with lower volatility, whereas the Invesco Solar ETF (TAN -2.97%) provides high-conviction, volatile access to the solar industry. While both funds…
Oil markets face costs of Iran war | Arkansas Democrat Gazette
American drivers face fresh sticker shock after disruptions from the Iran war intensified in recent days, sending oil over $100 a barrel and national gasoline prices above $4 a gallon. But prices could be poised to go significantly higher, energy…
Every Time President Trump Talks About Iran, Oil Prices Move. Here's the Pattern Investors Should Watch.
Oil is on the rise again amid flaring tensions in the Middle East. That's not remotely shocking, given the Strait of Hormuz's importance. The Strait is effectively closed right now. Roughly 20% of the world's oil moves through that single sea…
Trump has no remaining levers to pull as oil hovers near the $100 'psychological' threshold
President Donald Trump is essentially out of “levers” to pull during a second phase of the Iran war as oil prices again flirt with the $100 per barrel “psychological” threshold that makes energy markets jittery. With…
Oil nears $100 again as Middle East tensions threaten supply
Global oil prices have surged toward $100 per barrel as fighting has again escalated in the Middle East. Renewed hostilities between the US and Iran have again brought traffic through the Strait of Hormuz to a near halt, while the Tehran-allied…
Houthis Fire On Saudi Red Sea Oil Sites
By Federico Maccioni, Timour Azhari and Eman Abouhassira RIYADH, July 25 (Reuters) – Yemen's Iran-aligned Houthi militants fired on Saudi oil installations in two ports on the Red Sea coast on Saturday and Saudi-backed forces bombed the…
Gulf oil-producing nations are building mega-pipelines to replace the Strait of Hormuz
Merchant ships and oil tankers in the Gulf of Oman on June 21, 2026, prior to the brief ceasefire between Iran and the United States, which made it possible to reopen the Strait of Hormuz. The strait is currently blocked again. Pipelines to the Red…
Ukrainian Drones Spark Fires At Russian Oil Refinery And Platform
Jul 25, 2026 (Bloomberg) –Fire broke out at the Tyumen oil refinery in Russia's Ural region after a drone attack as Ukraine and Russia press intensifying strikes on each other's critical infrastructure. Emergency services are at work on the…
Houthi Attacks on Saudi Oil Sites Raise Fears of Wider Middle East Conflict Despite U.S. Strike Pause
Yemen's Iran-backed Houthi militants targeted Saudi oil facilities along the Red Sea on Saturday, escalating regional tensions even as the United States paused its military strikes on Iran for the first time in nearly two weeks. The attacks came…
Oil Keeps Flowing From Red Sea As Hormuz Bypass Stays Open
Jul 24, 2026 (Bloomberg) –Millions of barrels of Saudi Arabian crude are still being shipped from the nation's Red Sea coast to the global market, despite threats and attacks by Yemen's Houthi militants against the kingdom's shipping that…
Ukrainian drone strike sparks fire at Russia's Tyumen oil refinery
Sign up now: Get ST's newsletters delivered to your inbox Published Jul 25, 2026, 06:03 PM July 25 - A Ukrainian drone strike has sparked a fire at the Tyumen refinery in western Siberia, local Russian authorities said on Saturday. The attack on a…
Frozen chips will be crispier without oil if you use simple method chef adores
With so many varieties of chips on the market today, whether you favour big-name brands such as McCain or your supermarket's own-label range, there's no shortage of options. Frozen chips are a convenient and tasty accompaniment to a host of dishes…
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