Oil Industry News
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Oil price approaches $100 a barrel after attacks on Saudi oil facilities - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The global economy faces the prospect of $100 a barrel oil again, as the conflict in the Middle East continues. Brent crude has risen back…
Asian shares and US futures are mixed, while oil prices creep higher
Asian shares and U.S. futures were mixed Tuesday after markets on Wall Street were closed for the Labor Day holiday. Tokyo 's Nikkei 225 gave up early gains, falling 0.3% to 66,170.34 after the government reported that the economy grew at a…
Oil Prices Climb as Iran Threatens Gulf Energy Infrastructure
Oil prices extended their rally on Tuesday as escalating U.S.-Iran tensions fueled concerns over potential disruptions to Middle East energy supplies and shipping through the Strait of Hormuz. Brent crude futures climbed about 0.1% to $97.20 per…
Vitol Warns on Oil-Product Tightness Even as Hormuz Flows Climb
Oil-product markets are flashing signs of tightness while crude's outlook looks “reasonable,” with flows through the Strait of Hormuz picking up, according to Vitol Group Chief Executive Officer Russell Hardy. Daily shipments through…
$100 Oil Hits India's Import Bill
India's current account deficit could widen to 1.7% of GDP, or about $71 billion, if crude oil prices stay above $90 a barrel for a significant part of the second half of FY27. Indian crude basket crossed $100 per barrel. OMCs face under-recoveries…
Oil Extends Gain as Iran Says Hormuz Deal With Oman Is Close
(Bloomberg) -- Oil extended gains as traders watched for details of an Iranian deal with Oman to manage shipping through the Strait of Hormuz, which could tighten Tehran's control over the crucial waterway. West Texas Intermediate traded above $92…
Asia markets mixed as Iran tensions push oil toward $100 (EWJ:NYSEARCA)
Asian markets were mixed Tuesday as rising U.S.-Iran tensions and higher oil prices fueled concerns about energy-supply disruptions through the Strait of Hormuz. Brent crude approached $100 a barrel, currently trading at $97.6, raising fears that a…
Shares edge down as Iran tensions push oil 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. Stock prices in London closed slightly lower on Monday…
Earnings and Oil Prices Trap Nifty in Narrow Range
This article is for subscribers only. I'm Alex Gabriel Simon in Mumbai, where markets are struggling to decisively snap a losing streak with oil prices near $100 a barrel. The Nifty 50 fell on Monday to its lowest close since July 24, missing out…
Kuwait Oil Exports Recover as Tankers Find Ways Through Hormuz
Kuwait is exporting about 1 million barrels of crude a day, including through ship-to-ship transfers outside the Strait of Hormuz, as oil flows through the waterway recover. State-owned producer Kuwait Petroleum Corp. is also delivering cargoes…
Mamdani's New York snake oil
That is exactly what I see happening in Zohran Mamdani's New York today. We have a very slick snake oil salesman making a case for painlessly fixing all of today's problems. And you won't have to pay a dime. Really? If you believe there is a…
New: Talarico Mourns Failure to Wipe Out Texas Oil and Gas Jobs
If one were deliberately trying to lose an election for a United States Senate seat from Texas, it's hard to see how one could go about that any more effectively than Democrat James Talarico is doing. From his 'vegan' campaign stumble, which he…
Global move away from oil could lead to conflict and migration, experts say
Conflict, migration and economic upheaval will accompany the global move away from oil, unless governments act urgently to help the worst afflicted countries to cope, research has found. Nigeria, Iran, Angola and Algeria are among the countries…
Asian shares and US futures are mixed, while oil prices creep higher
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American and African Crudes Soar as China's Oil Imports Rebound
The prices of crudes from Canada, South America, and Africa have jumped in recent weeks as Chinese oil import demand is rising from a decade-low, benchmark prices rally, and Middle East supply remains disrupted. The Djeno crude from Congo, one of…
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