Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Stocks, gold and oil plunge in market rout - latest updates
The FTSE 100 dropped at the start of trading amid a global rout in markets. The UK's benchmark stock index fell 0.5pc to 10,175.33 after trading began, while the mid-cap FTSE 250 dropped by 23,092.48. Analysts insisted gold was “not in a…
Trump plans to lower tariffs on Indian goods to 18% after India agreed to stop buying Russian oil
WASHINGTON -- President Donald Trump said Monday that he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The move comes after months of Trump pressing India…
The Future Looks Dim for Big Oil in the Motor Vehicle Industry
Just as American consumers closed out the horse-and-buggy era at the start of the 1900s with the arrival of gas-run vehicles, carriage makers saw the handwriting on the wall and gradually moved capital, labor, and creative efforts elsewhere. Big…
US agrees to drop tariffs after India stops Russian oil purchases
Bernd Debusmann Jrat the White House US President Donald Trump announced that he agreed to a trade deal with India's Prime Minister Narendra Modi, where the US will lower tariffs on goods from India to 18% from 25%. In a post on Truth Social, Trump…
US agrees to drop tariffs after India stops Russian oil purchases
In the post, Trump said that a morning phone call with Modi included discussions of trade and the Russia-Ukraine war. 'He agreed to stop buying Russian oil, and to buy much more oil from the United States and, potentially, Venezuela,' Trump wrote.
Gold, silver, bitcoin and oil slide as 'metals meltdown' rattles markets - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. Commodity, precious metals and crypto asset prices are all sliding today, as the record-breaking rally in gold and silver cools. Financial…
Global stock index edges down, silver and oil extend losses
NEW YORK/ LONDON: MSCI's global equities gauge edged lower on Monday, with Wall Street providing a boost while the dollar rose and investors dealt with a deepening selloff in precious metals ahead of a week packed with corporate earnings, central…
Oil Steadies After Biggest Drop Since June With Focus on Iran
Oil steadied after dropping the most in six months in the previous session on easing geopolitical risks and a broader commodities selloff. West Texas Intermediate traded near $62 a barrel after plunging 4.7% on Monday, while Brent futures settled…
Trump lowering tariffs on India after it agreed to stop buying Russian oil
President Donald Trump says he plans to lower tariffs on goods from India to 18%, from 25%, after Indian Prime Minister Narendra Modi agreed to stop buying Russian oil. The move comes after months of Trump pressing India to cut its reliance on…
Oil Slides Amid a Broader Selloff of Metals, Commodities
Oil plunged as Brent crude plummeted more than 5% at one point, while US crude futures also nosedived as geopolitical risk premiums faded and a broader commodities selloff exacerbated the slide. Will Kennedy reports on Bloomberg Television.
BP Investors Demand Proof More Oil, Gas Spending Boosts Returns
BP Plc needs to demonstrate how its decision to prioritize investment in oil and gas will create value for shareholders, according to a group of investors. An alliance of funds that manages £191 billion ($260 billion) in assets filed a…
How to trade the market spiral as investors dump gold, silver and oil
Analysts flagged U.S. President Donald Trump's nomination of Kevin Warsh for the next chair of the Federal Reserve as a key trigger to the market downturn. 'As we all know, markets are addicted to liquidity and currently this is the big stress,'…
Oil's Iran Risk Persists Even as Tensions Fade
This article is for subscribers only. Welcome to our guide to the commodities driving the global economy. Today, OPEC reporter Grant Smith looks at oil's selloff and takes stock of diplomatic efforts to ease US tensions with Iran. Oil markets are…
Oil Edges Higher as Traders Digest U.S.-India Trade Deal
0108 GMT — Oil edges higher in the morning Asian session as traders digest the U.S.-India trade deal. President Trump said Monday that the U.S. has agreed to reduce tariffs to 18% on India. Trump said Indian PM Modi “agreed to stop…
Oil Prices Down 6% As U.S.-Iran De-Escalation Hopes Cool Market Heat
Oil prices have slipped 6% today in what is a poor start to the month. This comes after an impressive rally in the month of January. The most immediate catalyst for the price drop is the sudden cooling of tensions between the United States and…
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