Oil industry News

Latest conceptually matching events and reports for Oil industry.

All Local News Technology AI & Future Crypto Business Politics Sports Entertainment Health Science World News Climate Investigations Opinion Fact Check Lifestyle Travel Food

Energy

Global Oil Prices Tumble Following Potential U.S.-Iran Diplomatic Breakthrough.

May 25, 2026 at 6:10 AM

Global oil prices dropped by 6% to two-week lows amid growing optimism regarding a potential peace deal between the U.S. and Iran concerning the Strait of Hormuz.

17 sources

Image Credit : oilprice.com

Economy

Image Source : cnbc.com

Global Energy Markets on Edge as Strait of Hormuz Diplomacy Stalls.

May 23, 2026 at 6:03 AM

15 sources

Economy

Image Source : fxleaders.com

Global Oil Price Volatility: Why Geopolitical Tensions and Market Dynamics Hit Consumers Hard.

May 13, 2026 at 12:40 AM

10 sources

Economy

Image Source : bbc.com

Global Oil Markets Tense as US-Iran Ceasefire Negotiations Falter.

May 12, 2026 at 6:29 AM

8 sources

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility

Image Source : fortune.com

United States•

May 12, 2026 at 6:02 AM

US Accelerates Oil Reserve Release to Combat Global Energy Market Volatility.

In coordination with the IEA, the US Department of Energy is releasing 53.3 million barrels of oil from its Strategic Petroleum Reserve to alleviate supply shortages caused by the blockade of the Strait of Hormuz.

9 sources

Economy

Global Oil Markets Tumble as Potential U.S.-Iran De-escalation Emerges.

May 6, 2026 at 11:36 AM

International oil prices experienced a sharp decline as Brent crude fell below $100 per barrel following reports of potential diplomatic progress between the U.S. and Iran regarding the Strait of Hormuz.

8 sources

Global Oil Markets Tumble as Potential U.S.-Iran De-escalation Emerges

Image Credit : theguardian.com

Local News

SINOPEC Reevaluates $3.7 Billion Hambantota Refinery Amid Local Market Share Disputes.

China’s SINOPEC has stalled the $3.7 billion Hambantota oil refinery project, citing concerns that the current 20% local market allocation is insufficient for economic sustainability, with reports suggesting they are seeking a 30% share.

May 4, 2026 at 12:18 AM

4 sources

Local News

Image Source : lankanewsweb.net

Palm Oil Industry Advocates for Policy Reform to Bolster Sri Lanka's Economy.

May 1, 2026 at 8:16 AM

10 sources

World News

Image Source : irreview.org

Global Energy Paradigm Shifts as Conflict Reshapes Supply Chains.

April 30, 2026 at 11:31 AM

8 sources

BP Profits Skyrocket as Global Oil Markets React to Iran War Disruptions

Image Source : finance-monthly.com

Economy•

April 28, 2026 at 6:52 PM

BP Profits Skyrocket as Global Oil Markets React to Iran War Disruptions.

BP has reported a massive surge in first-quarter profits, more than doubling to $3.2 billion, as the Iran-linked conflict caused global oil market volatility and price spikes.

10 sources

Energy

China Eyes Fuel Export Resumption as Domestic Stockpiles Surge.

April 28, 2026 at 4:00 AM

State-owned Chinese oil giants, including Sinopec and CNPC, are seeking government approval to restart gasoline and diesel exports in May, following a period of reduced processing and high domestic inventory levels.

7 sources

Image Credit : klse.i3investor.com

Finance

Global Markets Rally on AI Enthusiasm as Energy Supply Concerns Mount.

Asian stock markets hit record highs driven by AI investment optimism, even as stalled U.S.-Iran diplomatic talks push oil prices to a three-week peak due to Strait of Hormuz supply disruptions.

April 27, 2026 at 4:15 AM

6 sources

Local News

Image Source : island.lk

Sri Lanka and India Advance Plans for Cross-Border Oil Pipeline Project.

April 20, 2026 at 11:51 PM

8 sources

Economy

Ceylon Petroleum Corporation Clarifies High-Cost Fuel Imports Amid Market Volatility.

The CPC Chairman clarified that reports of crude oil being purchased at $286 per barrel were inaccurate, explaining that the high cost applied to refined diesel due to global supply chain pressures.

April 17, 2026 at 9:45 AM

10 sources

Asia Navigates Economic Headwinds Amid Escalating Energy Market Volatility

Image Source : cnbc.com

Economy•

April 17, 2026 at 4:19 AM

Asia Navigates Economic Headwinds Amid Escalating Energy Market Volatility.

The IMF warns that Asia's reliance on Middle East energy supplies poses a significant threat to its economic growth and inflation targets, despite a resilient performance in recent years.

9 sources

Economy

Unpacking the Petrodollar System: Geopolitics and Global Energy Markets.

April 16, 2026 at 10:33 PM

An examination of the 'petrodollar' mechanism, exploring how the dominance of the US dollar in global oil trade shapes international relations, influences inflation, and dictates geopolitical strategies.

10 sources

Unpacking the Petrodollar System: Geopolitics and Global Energy Markets

Image Credit : edgen.tech

Local News

Image Source : list.lk

Sri Lanka Secures Fresh Crude Oil Supply Amid Regional Supply Chain Shifts.

April 16, 2026 at 10:35 AM

9 sources

Economy

Image Source : sudanindependent.net

Escalating Geopolitical Tensions Drive Sri Lanka's Oil Import Costs to Record Highs.

April 16, 2026 at 4:54 AM

12 sources

Economy

Image Source : npr.org

Deciphering the Oil Market Divide: Physical Realities Versus Futures Speculation.

April 13, 2026 at 8:24 AM

5 sources

Image Source : aol.com

Russia•

April 8, 2026 at 6:07 PM

Russian Energy Infrastructure Faces Heightened Pressure Amid Escalating Regional Conflict.

Recent reports highlight the challenges facing Russia's oil and energy sector, including refinery disruptions from drone attacks and shifting global trade dynamics.

13 sources