Global Oil Industry | The Business Standard

Global Oil Industry

Global Oil Industry

A pumpjack operates at the Vermilion Energy site in Trigueres, France, June 14, 2024. Photo: REUTERS/Benoit Tessier/File Photo

Are global oil stocks big enough to weather another six months of US-Iran war?

The answer is far from clear, depending not only on how ‌much oil remains in storage, but also on how much of it can actually be released

Ships and boats in the Strait of Hormuz, Musandam, Oman, on 22 April 2026. Photo: REUTERS/Stringer/File

Oil down 2% after US, Iran sign ceasefire agreement

Emptier than we thought.Photographer: SeongJoon Cho/Bloomberg

Oil industry elite hits Singapore to debate crude’s next twist

A man looks at the exhaust chimneys and pipes of the oil refinery of Ras-Tanura in Saudi Arabia on Sept. 3, 1990. JACQUES LANGEVIN/SYGMA/SYGMA VIA GETTY IMAGES

Saudi Arabia to take deterrent action to protect oil facilities

Rosneft intends to develop large oil reserves in the northern Ural region's tundra.Ruslan Shamukov / TASS

Oil hits 13-month highs as market rebalances

A fuel refilling station of Turkey’s Petrol Ofisi, which is used by its Dutch owner Vitol to procure second-hand cars and sell them while safely transitioning into a green future. Photo: Collected

The world’s biggest oil trader wants to buy your used car

Representational image. Photo: Collected

Oil industry placing risky bet on plastics: report

Photo: Reuters

Oil falls as US posts surprise rise in crude inventories

A general view of the gas field in Basra , Iraq, August 26, 2017. Picture taken August 26, 2017. REUTERS/Essam Al-Sudani

Iraq increases oil exports in July, still pumps above OPEC+ target

Iraq committed to improving compliance with OPEC+ cuts

OPEC has cut oil output by 1.25 mbpd in June, says Petro-Logistics

Picture: Reuters

Oil prices steady after Navarro walks back from market-jolting comments

Picture: Reuters

Oil prices hit by record US crude inventories, bearish Fed