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 administration allows for Russian oil sales as energy prices soar
The Trump administration on Thursday night temporarily lifted sanctions on Russian oil shipments in an effort to calm markets and stem the economic fallout from its war on Iran, which has sent crude prices spiraling upward. A general license issued…
Suhail Al Mazrouei reviews emergency response readiness at Fujairah Oil Industry Zone
WAM - Suhail Mohamed Al Mazrouei, Minister of Energy and Infrastructure, conducted a site visit to the Fujairah Oil Industry Zone (FOIZ) to review the response measures taken following the fire incident that recently occurred at one of the zone's…
Ukraine war briefing: Putin envoy says US better understands importance of Russian oil amid energy crisis
Vladimir Putin's envoy says Washington is “beginning to better understand” the importance of Russian oil, after a “productive meeting” with US negotiators about the Ukraine invasion. “We discussed promising…
U.S. targets high oil price by allowing Moscow to sell sanctioned oil
March 13 (UPI) -- The U.S. Treasury Department issued a 30-day license temporarily allowing Russian oil already loaded onto sanctioned tankers to be sold in the international market as part of an effort to ease an acute supply disruption due to the…
Gulf oil shock deepens crisis for Asia's petrochemicals industry
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
Iran threatens to 'set region's oil and gas on fire' if energy infrastructure attacked
Iran has threatened to wreak havoc on the region's oil and gas industry if its own energy infrastructure is attacked during its war with the US and Israel, reports AFP. “We will set the region's oil and gas on fire with the slightest attack…
US eases sanctions on Russian oil in bid to ease energy crisis
The United States has issued a 30-day waiver, allowing countries to purchase sanctioned Russian oil and petroleum products currently stranded at sea without incurring US tariffs. This measure, announced by the Trump administration, aims to calm…
Oil Really Could Hit $200 a Barrel
The Iran war has already created the “largest supply disruption in the history of the global oil market,” according to the International Energy Agency, and the situation could still get much worse. Iran has vowed to sink any ship…
Middle East war live: US eases Russian oil sanctions as energy prices soar
Our digitised version of the FT newspaper, for easy reading on any device. FT Digital Edition: our digitised print edition Global news & analysis Expert opinion Translate instantly to 26 languages Lex: FT's flagship investment column FT Magazines…
Putin's prize: The oil price-spike
The spike in oil prices has been music to Vladimir Putin's ears. Until the latest version of the American-Israeli war with Iran began on Feb. 28, Russia's war-oriented economy was in serious trouble. After initially surging as a result of the…
Trump slammed for 'betrayal' for lifting Russia oil sanctions
Donald Trump is being hit with backlash for lifting Russian oil sanctions in the fallout of his war on Iran as he tries to lower gas prices for Americans. Gas prices across the US have seen a 70-cent average increase over the last month as Trump's…
Global oil markets face historic levels of disruption
CNN's Tom Foreman explains the impact the closure of the Strait of Hormuz is having on U.S. gas prices.
UK 'WON'T follow US in easing oil sanctions on Russia
The UK will not follow the US in easing sanctions on Russian oil, a minister insisted today. Energy minister Michael Shanks warned against doing anything that will help Vladimir Putin 's 'war machine' against Ukraine. The comments came after Donald…
The Oil and Water Moment in AI Architecture
The shift from software architect to AI architect is becoming increasingly real for many practitioners. Software architecture is entering an “oil and water” moment where deterministic systems must coexist with non deterministic AI…
Why oil probably won't go to $150 a barrel
Oil could rocket from $100 to $150 a barrel, some on Wall Street are starting to say. Are they right? Of course. Oil could even go to $200 a barrel. Or $500. Do I hear $1,000? Why not? The bigger the prediction, the better the chance your guess…
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