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 Up as Oil Slides -- Energy Roundup
Shares of energy companies rose despite a sharp drop in oil futures. U.S.-traded crude-oil contracts fell 3.1% to $93.04 a barrel, falling by the largest increment in more than a week after President Trump reportedly revealed the red line that Iran…
Oil execs warn Trump that gas prices could spike due to dwindling supplies: report
Several oil industry executives have reportedly privately warned the White House that the ongoing closure of the Strait of Hormuz is straining global oil inventories and could lead to gas price spikes in the coming weeks. For more than three…
Asian Stocks Poised to Edge Lower, Oil Steadies: Markets Wrap
Stocks in Asia were set to edge lower on Friday as investors grappled with a pullback in artificial-intelligence shares and hopes of a diplomatic resolution to tensions in the Middle East. Equity-index futures for Japan and South Korea pointed to…
Dollar's Lockstep Moves With Oil to Last in 2026: Markets Pulse
The US dollar will likely maintain its strong link to the price of oil for the rest of the year as the Iran war keeps crude prices elevated, according to the latest Markets Pulse survey. In the poll of 124 respondents conducted from May 28 to June…
Japan steps up efforts on cooking oil in race for sustainable aviation fuel
Japanese homemaker Maki Watanabe carefully pours into a plastic bottle the oil she used to cook her deep-fried aubergines, doing her part in her Tokyo kitchen for a national effort to ramp up production of eco-friendly jet fuel. SCROLL TO CONTINUE…
Main Oman Oil Terminal Delays Loadings After Blast, Traders Say
Oman's main crude oil export terminal at Mina Al Fahal has delayed loadings after an explosion disrupted port operations, according to traders familiar with the matter. Loadings that had already been scheduled have been preliminarily pushed back by…
Dwindling US Oil Inventories Are a Warning to Global Markets
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, Oil Trading Americas Team Leader Devika Krishna Kumar looks at the implications of declining US inventories. If crude oil futures are…
The Oil Market Is Near a Tipping Point
An underwhelming outlook from AI chip maker Broadcom threatens to send U.S. stocks lower for a second day in a row. Major indexes had hit records Tuesday. But investors in boring stocks and bonds can console themselves that they didn't pin their…
The oil shock risks triggering a 'severe decline' in the stock market, one research firm warns
Stocks look primed for a 1970s-style decline that could leave investors with little room to hide, HFI Research warns. The energy research firm said it's bracing for more pain in financial markets amid as the oil shock doesn't appear to be waning.
Oil Edges Lower Amid Mixed Middle East Developments
2334 GMT — Oil edges lower in early trade amid mixed Middle East developments. On the one hand, “Israel and Lebanon announced a ceasefire, raising hopes that one of Iran's key conditions for a deal with the U.S. had been met,”…
Oil little changed on uncertainty over U.S.-Iran peace deal
Brandon Bell | Getty Images News | Getty Images Oil prices were little changed on Friday following sharp declines in the previous session, with prospects dimming for a near-term end to the U.S.-Israeli war with Iran after the Hezbollah militia…
Iran War May Pave Way for Giant Australian Oil Field Go-Ahead
Carnarvon Energy Ltd. said a final investment decision on one of Australia's largest undeveloped oil discoveries could be made late next year after almost a decade of delays. The junior explorer holds a 10% interest in the Dorado field, in which…
Oil Prices Fall on Developments in Iran War - TT
A small boat moves along the shoreline where an a cargo vessel, tugboat and industrial barge are all anchored in the Strait of Hormuz off Bandar Abbas, Iran, on June 1. (Amirhosein Khorgooi/ISNA via AP) Oil prices fell and U.S. stock futures were…
Softer Oil, Softer Greenback
The US dollar is mostly softer, with the Canadian dollar the weakest among the G10 currencies. The swaps market has a BOJ hike nearly fully discounted for later this month, and the greenback continues to hover near but below JPY160. Risk-off and a…
Kemi Badenoch erupts at 'utter madness' as huge amount of North Sea oil and gas revealed
Kemi Badenoch is calling for more oil and gas drilling in the North Sea Kemi Badenoch hit out at the 'utter madness' of opposition to North Sea drilling after new research showed the huge amount of oil and gas still remaining. A study by the…
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