Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
US Stock Futures Drop After Tech Selloff, Oil Up: Markets Wrap
Equities looked set for more losses after a tech-led selloff on Wall Street Friday and a robust jobs report fueled expectations for an interest-rate hike by the Federal Reserve. Oil jumped after Iran fired missiles at Israel. Equity-index futures…
As OPEC+ meets, Iran war hobbles power to shape oil market
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments. But even if the cartel members vow to ramp up output by thousands of barrels…
Oil Prices Rise Amid Escalating Supply Disruption Concerns
2336 GMT — Oil prices rise in early trade amid escalating concerns of supply disruption in the Middle East. Iran fired at least four waves of missiles toward Israel on Sunday in response to an Israeli airstrike on Beirut hours earlier…
OPEC to increase oil output amid continued closure of Strait of Hormuz
June 7 (UPI) -- The Organization of the Petroleum Exporting Countries on Sunday agreed to increase production by nearly 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it. Ordinarily…
Oil Jumps After Iran Fires Missiles at Israel, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
An Emerging Market Crisis In Oil-Poor Asia?
Reliable availability of cheap energy is, as the Iran war highlights, essential to modern economies and societies, at least for the foreseeable future. Shocks divide the world into the oil haves and oil have-nots. Alongside higher energy prices…
Trump's market sway keeps investors guessing, from oil to bonds
President Donald Trump's comments and policy signals have become a powerful force in financial markets, repeatedly moving prices across oil, bonds, currencies and stocks, The Wall Street Journal reported Saturday. The dynamic was on display last…
McDonald's employee rushed to hospital after co-worker 'threw hot oil over him
A MCDONALD'S worker was rushed to hospital with second-degree burns across his face and body after a coworker doused him in boiling oil, it has been reported. Jacob Smith, 20, suffered harrowing injuries on his face, neck, right arm and back, and…
Indian Stock Market Outlook: West Asia Tensions, Oil Prices, FII Activity Key Factors
The Indian stock market is poised to react to simmering tensions in West Asia, the fluctuating crude oil prices, and the trading patterns of foreign investors this week, as analysts highlight these as key determinants for market direction.
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the group's members from…
TikTok Says Seed Oils Are Dangerous-Dietitians Disagree
Confused by weekly nutrition headlines that seem to contradict each other? You're not alone. From TikTok “experts” swearing off entire food groups to viral posts promising quick fixes, today's nutrition landscape is overflowing with…
As OPEC+ meets, Iran war hobbles power to shape oil market
But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices. With the crucial Strait of Hormuz shut since US and Israeli attacks on…
Oil prices rise more than $2 on Israel strikes on Lebanon
08 Jun 2026 06:31AM (Updated: 08 Jun 2026 06:36AM) BEIJING, June 8: Oil prices were up more than $2 a barrel in early trading on Monday after Israel on Sunday launched strikes on the Beirut area for the first time since the U.S. announced a…
Elon Musk is pouring oil on British flames again
By Rosa Prince / Bloomberg Opinion With grim inevitability, Elon Musk's mission to stoke racial division has been playing out in scenes of riots on British streets. The spark for recent unrest in Southampton, a port city in southern England, was…
OPEC+ approves fourth oil output quota hike since Hormuz closure
LONDON: OPEC+ agreed on Sunday (Jun 7) a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group's members from pumping more. The war has cut oil flows via the Strait of…
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