Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Drill, Burnham, drill? The oil basin that is a totem for Trump - and a headache for Britain's new PM
When oil was first discovered off the north-east coast of Scotland in September 1969, industry folklore has it that the duty superintendent on the rig carefully poured it into a pickle jar commandeered from the canteen and took it back to Amoco's…
US Oil and Gas Workers Drive Production to Record High: Energy Secretary Chris Wright
Washington: US Energy Secretary Chris Wright on Saturday (local time) said American oil and gas workers have pushed production to an all-time high, making the United States the world's largest producer of oil and natural gas. 'American oil and gas…
Peppermint oil lowers blood pressure in just 20 days
Date: August 22, 2026 Source: Summary: Peppermint oil may have an unexpected benefit for people with mildly high blood pressure. Adults who took a small dose twice daily for 20 days saw their systolic blood pressure fall by an average of 8.5 mmHg…
Trump Administration Claims Massive Oil Flows Through Hormuz But Industry Data Raises Questions
U.S. Energy Secretary Chris Wright says the military helped move more than 15 million barrels of oil and petroleum products through the Strait of Hormuz on Tuesday, an extraordinary figure that remains difficult to square with commercial shipping…
Why Shell and the Other Oil Majors Aren't Price Gouging
The energy sector is inherently volatile, with oil prices often fluctuating rapidly and dramatically. Wall Street seems to forget this fact every time the energy sector goes through yet another big price swing. Right now, volatility is high, and so…
Can This 6.3% Yield Survive if Oil Crashes Again?
If you are looking to add some yield to your portfolio, Energy Transfer 's (ET -0.09%) 6.3% distribution yield will likely be attractive to you. The one caveat is that it operates in the energy sector, and the last time the sector was in a…
Somali pirates hijack oil tanker off Yemen in latest attack
MOGADISHU, Somalia -- Somali pirates hijacked an oil products tanker off Yemen, a Somali maritime security official said, the latest in a resurgence of piracy that has seen six commercial vessels seized since April across the Gulf of Aden and…
Iran Allows Iraqi Oil Tankers Through Strait of Hormuz
Iran has approved the passage of several Iraqi oil tankers through the Strait of Hormuz after repeated requests from Baghdad, offering limited relief as regional tensions continue to disrupt one of the world's most important energy routes. Iran's…
Trump says oil companies are 'making too much money.' Their own balance sheets agree
When Chevron reported its highest quarterly profit in six years on July 31, 2026, it was just one detail in a larger picture: Analyst firm Wood Mackenzie estimates the global oil and gas industry is on course for a cash windfall of US$495 billion…
Six EU nations reportedly push windfall tax on oil giants
Six EU nations want the bloc to introduce a windfall tax on oil companies' “excessive profits” linked to price hikes caused by the US-Israeli war on Iran, several media outlets reported on Saturday, citing a joint letter from the…
Leave the Oil in the Ground
I'd like to respond to the letter by Gerald Quindry in last week's Independent. His general idea is we need to drill oil here specifically because we need oil for chemical feedstocks, fertilizer, lubrication, roads, etc. I find this idea self…
Saudis Shuttle Oil North On Tankers To Evade Houthis
Aug 22, 2026 (Bloomberg) –Shipowners including Sinokor Group are helping Saudi Arabian crude exit the Red Sea via the safer northern route, as Iran-backed militants target the kingdom's exports via the Bab el Mandeb chokepoint in the south.
Heaven on Earth' £62 body oil that makes skin 'so soft' falls to £12 in deal
A body oil hailed ‘Heaven on Earth' by users has seen a huge price cut as part of an online beauty deal. Aromatherapy Associates are best known for their luxury bath and body formulas, and their de-stress body oil, worth £62, works out…
Oil Stocks To Keep An Eye On - August 22nd
The 2026 Blueprint: 6 Stocks for a Brand New Portfolio ExxonMobil, Chevron, ConocoPhillips, Marathon Petroleum, Valero Energy, Phillips 66, and Targa Resources are the seven Oil stocks to watch today, according to MarketBeat's stock screener tool.
Iran Grants Permission For A Number Of Iraqi Oil Tankers To Pass Through Hormuz
Aug 22 (Reuters) – Iran has granted permission for a number of Iraqi oil tankers to pass through the Strait of Hormuz following repeated requests from Baghdad through various channels, Iran's state news agency IRNA reported on Saturday. IRNA…
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