Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Energy Sector Rotation and Falling Oil Prices Pressure TotalEnergies SE (TTE)
Antipodes Partners published its 'Antipodes Global Strategy' second-quarter 2026 investor letter, highlighting the key performance stocks, portfolio changes, and the market outlook. A copy of the letter can be downloaded here. The…
FTSE 100 ends lower as oil price pushes higher
News from the City, market updates plus comment and analysis from our business desk I would like to be emailed about offers, event and updates from Evening Standard. Read our privacy notice. Blue chips closed lower in London on Monday as oil prices…
Ukraine drone strike on oil refinery deep inside Russia kills at least 13
A “massive” Ukrainian drone strike on an industrial city deep inside Russia killed at least 13 people, according to the local mayor, as Kyiv steps up its campaign of long-range strikes on targets far from the frontline. Kyiv said it…
FTSE 100 ends lower as oil price pushes higher
Blue chips closed lower in London on Monday as oil prices rose amid a perceived lack of progress in peace talks in the Middle East. The FTSE 100 index closed down 38.59 points, 0.4%, at 10,862.50. The FTSE 250 ended down 110.32 points, 0.4%, at…
Trump says oil supermajors are making too much money. What will they do with it?
Big Oil generated $48 billion in second-quarter profits and nearly $90 billion in cash, marking an all-time high. The windfall is fueling fresh political and environmental backlash, with Trump accusing Exxon Mobil and Chevron of making “too…
Markets end marginally higher on spike in crude oil prices
Market benchmark indices ended marginally higher on Monday, with the Sensex climbing over 43 points and the Nifty ending flat, amid a spike in crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex was up 43.27 points, or 0.06…
Oil prices climb as doubts Strait of Hormuz will open anytime soon grow
Aug. 10 (UPI) -- The price of oil rose on international markets Monday on fears a deal to end the standoff that has effectively closed the Hormuz Strait, through which 20% of the world's hydrocarbons are normally shipped, could be some time off…
Ukrainian drone attack on oil hub deep inside Russia kills 13, official says
Ukraine attacked the petroleum hub of Nizhnekamsk in central Russia's Tatarstan region on Monday, killing 13 people and injuring 78 others, local authorities said, in one of the deadliest attacks in the country in the 4-year-old war. The Ukrainian…
Abu Dhabi's Oil Sales Boom Offers a Glimpse of Its Post-OPEC Future
This article is for subscribers only. Welcome to the Mideast Money newsletter, I'm Adveith Nair. Join us each week as my team and I chronicle the intersection of money and power in a region that's become one of the most influential in global…
Greenland warns Trump-aligned oil company that shipped equipment without approval
Greenland's government has issued a “strong warning” to a U.S. oil company with links to Donald Trump after it brought drilling equipment ashore without prior approval. Texas-based Greenland Energy, established last year, was…
Oil prices increase on wider Middle East concerns - TT
An oil tanker docked at the SK Innovation Co. Ulsan Complex oil refinery facilities in Ulsan, South Korea, on June 25. (SeongJoon Cho/Bloomberg) Oil prices rose after Israel rejected a deal announced by Trump for Gaza, and details emerged on the…
Global stocks tick up with oil steady on Hormuz plans
By Wayne Cole and Harry Robertson SYDNEY/LONDON, Aug 10 (Reuters) - Global equities inched higher on Monday as oil prices held broadly steady after Iran said it was nearing a final pact with Oman defining new shipping lanes in the Strait of…
Bullish Oil Bets Shrink for a Second Week Running, COT Data Show
Money managers have reduced their bullish bets on both Brent and WTI crude futures over the past two weeks despite little progress on a potential reopening of the Strait of Hormuz. In the latest reporting week to August 4, portfolio managers…
US emergency oil reserve falls below 300M barrels for first time since 1980s
The U.S.'s emergency oil reserve has fallen below 300 million barrels of oil for the first time since it was being filled decades ago. New Energy Department data shows that the Strategic Petroleum Reserve (SPR) contained 298.7 million barrels as of…
Trump's Low-Key Pivot Leaves Hormuz Oil in Limbo
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, reporter Grant Smith looks at the latest US pivot on efforts to unblock the Strait of Hormuz. In just over a week, Donald Trump has…
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