Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Higher For Longer, That's The Story Of Oil And Gas Prices
ARCADIA, CALIFORNIA - MAY 11: An American flag flies above gas prices displayed at a gas station on May 11, 2026 in Arcadia, California. President Trump today said he wants to suspend the national gas tax amid elevated gas prices as the war in Iran…
Oil falls amid hopes for Trump peace deal backing
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. The FTSE 100 edged lower on Friday, as US President…
Oil price drops amid hopes of US-Iran peace deal
Oil prices fell on Friday as investors hoped for the end of the US-Israel war on Iran, leaving the commodity poised for one of the biggest monthly declines ever. The price of Brent crude futures, the global benchmark, fell by 1.3% to $91.54. Brent…
Oil Declines Lift Stocks to Fresh Records
A sharp drop in oil prices propelled stocks to fresh records, buoyed by investor optimism over a possible peace deal between the U.S. and Iran. Brent crude futures, the international benchmark, experienced their biggest monthly slump since March…
Oil is set for its biggest monthly drop in 6 years, bringing consumers some relief
As May's final day of oil trading is underway, the price of crude is set for its biggest one-month decline in six years, delivering some relief to consumers at the pump and some optimism to investors hoping for an end to sky-high energy prices. As…
Watch Markets Cheer Truce Hopes as Oil Falls | Insight with Haslinda Amin 05/29/2026
Markets Cheer Truce Hopes as Oil Falls | Insight with Haslinda Amin 05/29/2026 Insight with Haslinda Amin, a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that…
TotalEnergies' Oil Trading Reaps $2 Billion Per Year, CEO Says
TotalEnergies SE 's oil trading activities generally earn the company about $2 billion per year, Chief Executive Officer Patrick Pouyanné said, a rare comment on the vast size of the oil trading operations of some of Europe's majors. The…
Oil falls amid hopes for Trump peace deal backing
The FTSE 100 edged lower on Friday, as US President Donald Trump said he was now making a “final” decision on whether or not to strike a peace deal with Iran. The FTSE 100 closed down 16.68 points, 0.2%, at 10,409.28. The FTSE 250…
Oil Prices Dip on Hopes for Ceasefire in Iran War - TT
A ticker shows diesel charges at $100 after James Navarro fueled his tow truck on May 15 in Arlington, Texas. (Julio Cortez/AP) World shares hit records on expectations of a U.S.-Iran ceasefire extension. Oil prices slipped on the news, but remain…
Quarter of Large Oil Tankers Trapped by War Have Escaped - TT
Ships remain anchored in the Strait of Hormuz near Larak Island, Iran, on May 16. (Majid Saeedi/Bloomberg) Roughly one-quarter of the large oil tankers trapped inside the Persian Gulf at the outbreak of the Iran war have managed to slip out in a…
Treasuries Set for Best Week Since War Began as Oil Retreats
The US government bond market headed for its best week since the start of the US war on Iran as oil prices declined in anticipation of an agreement to end the conflict. The Treasury market rally trimmed yields across maturities by nine to 12 basis…
Oil Heads for Biggest Drop Since March 2020
Oil prices are headed for their biggest monthly drop in more than six years. Front-month crude-oil futures have fallen roughly 19% this month, including a nearly 2% fall today. That puts them on pace for their biggest monthly drop since the onset…
Exxon exec warns oil price explosion may be imminent
ExxonMobil is warning that global oil markets could be on the brink of a sharp and sudden price spike, with inventories sinking toward what one senior executive called 'unheard of' levels amid ongoing geopolitical disruptions. Neil Chapman, senior…
Extended Iran Ceasefire Considered, Oil Set for May Slide, More
Bloomberg News Now • Browse all episodes Listen for the latest from Bloomberg News…
The 'imminent' oil crisis isn't at the pump-it's under your hood
Prices at the pump have surged and global fertilizer shortages are spreading because of the war in Iran, but the most immediate supply chain crisis hitting consumers may be one that arrives every 5,000 miles: the routine engine oil change. Despite…
Receive a Daily briefing on Oil Industry News
Get Started