Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
America's oldest bad idea about oil
Seventy-three years ago, Washington decided that an elected prime minister was bad for the oil market. Mohammad Mossadegh had nationalized the Anglo-Iranian Oil Company, the forerunner of BP. In August 1953, he was overthrown. For decades, the…
Oil Futures Fall on Possible Correction, But Drop May Be Limited by Geopolitical Tensions
2348 GMT — Oil futures fall in early Asian trade on a possible technical correction after futures posted strong gains last Friday. However, futures' decline may be limited by geopolitical tensions that could lead to supply disruptions.
Russia says 'massive' drone attack kills one, hits oil sites
A 'massive' Ukrainian drone attack overnight killed one person, wounded five others and set two oil refineries ablaze in the Russian city of Saint Petersburg, its governor said Sunday. SCROLL TO CONTINUE WITH CONTENT 'One person was killed and five…
Stock futures rebound as oil nears $110, AI earnings loom
U.S. stock futures (SPX) advanced as investors prepared for a busy week of corporate earnings and Chinese economic reports, while oil prices remained near $110 a barrel amid escalating geopolitical tensions. S&P 500 futures (SPX) rose 0.3% and…
Rural communities exposed to heating oil costs, minister says
Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off buying fuel for the winter in the hope prices…
Rural communities exposed to heating oil costs, minister says
David Dixon, in Truro and Julia Gregory, Devon Some people say they are finding it hard to heat their homes after increases in heating oil costs fuelled by the US-Israeli war with Iran. Residents in the South West told the BBC they have held off…
Ukrainian Drone Strike Hits Putin's Hometown, Striking Oil Terminal
Ukrainian drones unleashed early Sunday the biggest attack on St. Petersburg since the start of the war, hitting a major oil terminal and other critical targets in Russian President Vladimir Putin's hometown following the collapse of a fragile…
My Costco price tracker is pretty stable, but big increases hit oil and protein
Like the proverbial pot that's been watched but won't boil, the Costco prices I've tracked this year have remained remarkably calm amid an economy full of heat. A basket of 45 items I'm following rose 3% since July, but that change is largely…
Week Ahead: Rates, AI, And Oil
The 30-day correlation between DXY and the US two-year yield fell to a seven-month low before the firmer than expected September CPI last week, slightly below 0.30. The semiconductor index finished at new lows since mid-September, and in what…
Ukraine targets Russia with more than 1,000 drones, striking oil terminal in St. Petersburg
LONDON and MOSCOW -- Ukraine overnight launched a massive aerial attack, sending hundreds of drones toward targets in Moscow and St. Petersburg, and striking a major oil terminal again despite pressure from President Donald Trump to end such…
Ukraine Launches Over 1,000 Drones At Russia, Hitting Oil Depots, Amid Trump's Demand For Energy Ceasefire
Ukrainian forces unleashed more than 1,000 drones on Russia overnight Sunday, setting oil depots in St. Petersburg ablaze in one of the war's largest aerial assaults. Fires erupted at the Petersburg Oil Terminal and the city's Ruchi oil depot…
Jio Platforms IPO, Q2 Earnings, Crude Oil Prices: Key Market Drivers Next Week
As the Indian stock market enters a holiday-shortened week, investor sentiment will be primarily shaped by the highly anticipated Jio Platforms IPO, ongoing quarterly earnings reports, and fluctuations in crude oil prices. The Jio Platforms IPO…
Oil Prices Fall as Trump Waives Russia Sanctions and Tariffs
Oil prices declined during early Asian trading on Monday, October 19, as investors assessed the potential impact of US President Donald Trump's decision to waive sanctions and tariffs on Russia. The move raised expectations that additional Russian…
Analysis-Carney's pipeline push is unlikely to bring back Canada's oil jobs boom
FORT MCMURRAY, Alberta, Oct 18 (Reuters) – Canada's Prime Minister Mark Carney is betting a new pipeline can help revive the country's oil industry, boost its production and exports, and reduce its dependence on the United States. Bringing…
Asian stocks skid, Wall Street and bonds aided by oil slip
SYDNEY, Oct 19 (Reuters) – Asian share markets slipped on Monday as unease over AI's enormous funding needs undermined confidence ahead of a week packed with earnings, while the euro eased in the wake of rioting across France. A fall in oil…
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