Oil Industry News

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

washingtonexaminer.com - Les Rubin - Mamdani's New York snake oil
Mamdani's New York snake oil
Washington Examiner

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…

bloomberg.com - Nicholas Lua - Goldman Flags Risk of $120 Oil If Mideast Ship Attacks Intensify
Goldman Flags Risk of $120 Oil If Mideast Ship Attacks Intensify
Bloomberg

Oil may rally to as much as $120 a barrel if attacks on shipping in the Middle East increase, according to Goldman Sachs Group Inc., which recommended bets on natural gas and diesel as a way to capture gains. “Events over the last few days…

wsj.com - Joe Stonor - Oil Higher on Hormuz Escalation Amid Quiet Markets Due to Labor Day
Oil Higher on Hormuz Escalation Amid Quiet Markets Due to Labor Day
Wall Street Journal

Oil prices continued to rise in early European morning trade after Iranian forces fired ballistic missiles on two U.S. Navy warships, representing a fresh escalation in the six-month conflict. Brent crude oil traded close to $97 a barrel as both…

bloomberg.com - Toby Alder - Oil Edges Higher on Renewed Middle East Tensions: Markets Wrap
Oil Edges Higher on Renewed Middle East Tensions: Markets Wrap
Bloomberg

Asian stocks rose after US technology shares advanced on Friday. Oil climbed after the US and Iran traded tanker attacks in the Strait of Hormuz. Benchmark indexes in Japan and South Korea both gained, while those for Australia were little changed.

afr.com - Cecile Lefort - ASX LIVE: Australian shares set for a cautious start as oil pushes above $US96; energy stocksk in focus, $A at US72¢.
ASX LIVE: Australian shares set for a cautious start as oil pushes above $US96; energy stocksk in focus, $A at US72¢.
Australian Financial Review

Go to latest Fresh military strikes between the US and Iran over the weekend threaten to push up energy prices and drag down the Australian sharemarket as investors brace for higher interest rates. At the close of Friday's trading, ASX 200 futures…

thestandard.com.hk - The Standard 英文虎報 - Oil prices extend gains as U.S.-Iran strikes heighten supply disruption concerns
Oil prices extend gains as U.S.-Iran strikes heighten supply disruption concerns
The Standard

Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz and other areas heightened concerns of a prolonged supply disruption from the Middle East. SCROLL TO CONTINUE WITH…

yahoo.com - By Florence Tan - Oil extends gains after US and Iran strike ships
Oil extends gains after US and Iran strike ships
Yahoo!

SINGAPORE, Sept 7 (Reuters) - Oil prices extended gains on Monday as tit-for-tat strikes between the U.S. and Iran on vessels sailing in the Strait of Hormuz ‌and other areas heightened concerns of a prolonged supply disruption from the…

seekingalpha.com - Ron Patterson and Guests - U.S. June Oil Production Rose (Commodity:CL1:COM)
U.S. June Oil Production Rose (Commodity:CL1:COM)
Seeking Alpha

U.S. June oil production increased by 37 kb/d to 13,792 kb/d. The largest increase came from the GOM, 88 kb/d, while the largest decrease came from Texas, 75 kb/d. Texas' June oil production decreased by 75 kb/d to 5,728 kb/d, according to the EIA.

bloomberg.com - Kanupriya Kapoor - Palm Oil Climbs as Indonesian Forest Fires Puts Supply at Risk
Palm Oil Climbs as Indonesian Forest Fires Puts Supply at Risk
Bloomberg

Palm oil rose as traders weighed the risk of supply disruptions from forest fires raging across Indonesia, the world's biggest producer. Benchmark futures climbed as much as 0.9% to 4,975 ringgit ($1,229) per ton in Kuala Lumpur as acrid haze from…

yahoo.com - Torkel Nyberg - Oil Majors Seek Bigger Bargaining Power in Labor Disputes
Oil Majors Seek Bigger Bargaining Power in Labor Disputes
Yahoo!

The biggest oil companies in the United States are playing hardball in unionized labor negotiations in a bid to get more concessions from workers' unions in the new contracts. Over the past few years, some of the top U.S. refining companies have…

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

2334 GMT — Oil rises in early Asian trade amid an escalation in the U.S.- Iran conflict that could increase supply disruptions in the Middle East. The U.S. military said it struck three Iranian oil tankers on Saturday after Iran launched…

nola.com - Mark Ballard - Donald Trump's deal for Venezuelan oil could be good news for Louisiana - eventually
Donald Trump's deal for Venezuelan oil could be good news for Louisiana - eventually
NOLA.com

WASHINGTON – President Donald Trump name-checked Louisiana as one of the places that will benefit from his new deal to open Venezuelan oil fields to U.S. control in hopes of lowering prices at the pump. That's because Louisiana refineries…

bloomberg.com - Serene Cheong - War-Tested Oil Traders Descend on Singapore as Fresh Risks Loom
War-Tested Oil Traders Descend on Singapore as Fresh Risks Loom
Bloomberg

Global oil markets are showing fresh signs of strain after months of war, as conflict-weary traders, anxious buyers, and under-pressure executives huddle in Singapore for the region's main industry gathering. More than six months after the US-Iran…

wsj.com - JGBs Edge Lower Amid Rising Oil Prices
JGBs Edge Lower Amid Rising Oil Prices
Wall Street Journal

0016 GMT — JGBs edge lower in price terms amid rising oil prices that typically lead to higher inflation in Japan, which could spur a quicker pace of BOJ rate increases. “The key question is whether markets bring forward the BoJ…

afr.com - Gus McCubbing - 'Risk of a correction is high' after oil surge, bonds meltdown
'Risk of a correction is high' after oil surge, bonds meltdown
Australian Financial Review

Economists and strategists warn that equity markets are teetering on the edge of a correction as the price of oil pushes back up to $US100 a barrel and bond yields trade near the highest levels since the global financial crisis amid renewed…

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