Oil Industry News

A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

bloomberg.com - Toby Alder - US Stock Futures Slip on Alphabet, Oil Advances: Markets Wrap
US Stock Futures Slip on Alphabet, Oil Advances: Markets Wrap
Bloomberg

US equity-index futures declined after Alphabet Inc.'s spending plans intensified concerns about the payoff from the industry's aggressive artificial intelligence buildout. Oil extended its rally. Contracts for the tech-heavy Nasdaq 100 Index fell…

businessinsider.com - Jennifer Sor - Oil is surging again as market pros warn of 'cascading damage' to energy markets
Oil is surging again as market pros warn of 'cascading damage' to energy markets
Business Insider

It was only a few weeks ago that markets considered the worst-case scenario for oil to be off the table. The US and Iran had reached a preliminary peace agreement. Oil prices, the key flashpoint of the Iran war, were falling rapidly. All seemed to…

seekingalpha.com - Monica L. Correa - Vulnerable energy markets to raise oil above $100 - analyst (CL1:COM:Commodity)
Vulnerable energy markets to raise oil above $100 - analyst (CL1:COM:Commodity)
Seeking Alpha

Global energy (XLE), (AMLP), (VDE), (XOP) markets are more vulnerable than they were earlier this year, and continued regional escalations could push crude oil prices (CL1:COM) above $100 per barrel within weeks, according to Arne Rasmussen, chief…

thestandard.com.hk - The Standard 英文虎報 - Wall Street indexes dip with technology earnings, rising oil in focus
Wall Street indexes dip with technology earnings, rising oil in focus
The Standard

The Nasdaq led Wall Street lower on Wednesday with a mixed performance from technology stocks, as investors waited for key earnings reports to gauge the health of a market rally fed by enthusiasm for artificial intelligence. SCROLL TO CONTINUE WITH…

wsj.com - Ronnie Harui - Oil Climbs as Escalating Conflict Boosts Supply-Disruption Concerns
Oil Climbs as Escalating Conflict Boosts Supply-Disruption Concerns
Wall Street Journal

Oil prices rose in Asia on Thursday as a broadening Middle East conflict boosts concerns over supply disruptions. American forces launched a 12th straight day of strikes against targets in Iran, U.S. Central Command said Wednesday. “The…

independent.co.uk - Maroosha Muzaffar - Iran war latest: Houthis strike Saudi oil tankers as Tehran warns of retaliation
Iran war latest: Houthis strike Saudi oil tankers as Tehran warns of retaliation
The Independent

The US House of Representatives has approved a defense policy bill that includes President Donald Trump's request for a substantial $1.15 trillion in national security spending and proposes renaming the Department of Defense to the Department of…

digitaljournal.com - AFP - Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears
Tech bounce lifts Asia stocks, oil extends gains on US-Iran fears
Digital Journal

Tech firms enjoyed a much-needed bounce on Thursday as they helped most Asian stock markets higher amid renewed hopes for the AI boom, though oil prices rallied after the US and Iran ratcheted up Middle East tensions. Investor appetite for all…

ttnews.com - Bloomberg News - Houthi threats give oil markets a '2-chokepoint problem' - TT
Houthi threats give oil markets a '2-chokepoint problem' - TT
Transport Topics

The Gas King U-turned to head toward the Suez Canal in the north of the Red Sea. Bab el-Mandeb is to the south. (Bloomberg) Houthi threats against Saudi-linked shipping at the Bab el-Mandeb Strait prompted tankers and other vessels to divert, pause…

bloomberg.com - Paul Burkhardt - Namibia Fuel Retailer Nasan Sees Oil Growth After Vitol Deal
Namibia Fuel Retailer Nasan Sees Oil Growth After Vitol Deal
Bloomberg

Nasan Energies, a Namibian fuel retailer that recently bought stations from Vitol Group, plans to expand operations to service the country's offshore oil industry that includes TotalEnergies SE and Shell Plc. The company anticipates “big…

yahoo.com - By Anushree Mukherjee - Oil climbs over 3% to near six-week high as conflict threatens key oil transit routes
Oil climbs over 3% to near six-week high as conflict threatens key oil transit routes
Yahoo!

July 22 (Reuters) - Oil prices rose to a near six-week high on Wednesday, with Brent crude surpassing $95 a barrel, on mounting concerns about disruptions to Middle Eastern supply routes because of ‌escalating hostilities between the U.S.

wsj.com - Anvee Bhutani - U.S. Stocks Stall as Oil Extends Gains
U.S. Stocks Stall as Oil Extends Gains
Wall Street Journal

U.S. stocks were little changed Wednesday as oil prices extended gains, while investors braced for a wave of major earnings. The Dow Jones Industrial Average fell 6.06 points, or 0.01%, to 52218.58. The S&P 500 slipped 10.24 points, or 0.14%, to…

theguardian.com - Jillian Ambrose - Oil price rises above $95 mark as Middle East conflict escalates
Oil price rises above $95 mark as Middle East conflict escalates
The Guardian

The price of oil has breached the $95 a barrel mark for the first time in six weeks as the escalating Middle East conflict threatens further disruption to global supplies. The benchmark oil price rose sharply on Wednesday as renewed US-Iran…

yahoo.com - By Gregor Stuart Hunter and Johann M Cherian - Rising oil prices weigh on US futures ahead of Big Tech results
Rising oil prices weigh on US futures ahead of Big Tech results
Yahoo!

By Gregor Stuart Hunter and Johann M Cherian July 22 (Reuters) - Oil prices surpassed $95 per barrel on Wednesday as tensions intensified in the Middle East, pressuring U.S. equity futures ahead of key Big Tech earnings, while the dollar dipped…

wsj.com - Oil Rises Amid Prospects of Further Escalation in U.S.-Iran Conflict
Oil Rises Amid Prospects of Further Escalation in U.S.-Iran Conflict
Wall Street Journal

2333 GMT — Oil rises in early Asian trade amid prospects of further escalation in the U.S.- Iran conflict that could lead to increased supply disruptions in the Middle East. President Trump threatened to destroy Iranian infrastructure if…

rediff.com - Nandita Malik - Indian Stock Markets Decline Amidst Surging Crude Oil Prices, West Asia Tensions
Indian Stock Markets Decline Amidst Surging Crude Oil Prices, West Asia Tensions
Rediff.com

Indian stock markets, including the Sensex and Nifty, experienced a notable decline in early trade as surging crude oil prices, fuelled by escalating tensions in the West Asia, weighed heavily on investor sentiment. Indian benchmark indices, Sensex…

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