Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Brazil's oil industry is surging thanks to the war in Iran
(CNN) — Brazilian oil production and exports have hit record highs this year, largely due to increased demand from China as the US-Iran war continues to reshape global trade and geopolitical relationships. The change highlights a global race…
Oil prices near US$100 a barrel as Saudi oil facility attack raises supply risk
Heightened geopolitical tensions are pushing global crude benchmarks towards the critical US$100-a-barrel threshold, and investment banks have lifted their end-2026 price forecasts, dampening import appetite in China – the world's largest…
VALLOUREC AND ARAMCO STRENGTHEN THEIR PARTNERSHIP THROUGH THE SIGNING OF AN AGREEMENT FOR THE SUPPLY OF OIL COUNTRY TUBULAR GOODS
VALLOUREC AND ARAMCO STRENGTHEN THEIR PARTNERSHIP THROUGH THE SIGNING OF AN AGREEMENT FOR THE SUPPLY OF OIL COUNTRY TUBULAR GOODS Meudon, France, September 09, 2026 – Vallourec, a world leader in premium seamless tubular solutions, announces…
Oil nears $100 after Saudi Arabia says energy infrastructure was attacked
Brent, the international oil benchmark, touched $99 per barrel Tuesday after Saudi Arabia reported an attack on energy assets that caused temporary pauses in operations. U.S. crude oil also rose by more than 2.5% to nearly $94 per barrel. Wholesale…
Fuel costs: £100 home heating oil support scheme opens
Business correspondent, BBC News NI Applications for a Stormont scheme to give eligible households a £100 voucher towards home heating oil costs are now open. About 340,000 lower-income households are expected to qualify for the payment which…
Opinion | Trump's Venezuela oil deal: why China can wait and watch
When US President Donald Trump announced on August 28 that the United States had secured majority control over some 65 billion barrels of Venezuelan oil through a private company, the North American Blue Energy Partners (NABEP), he called it…
Oil price approaches $100 a barrel after attacks on Saudi oil facilities - business live
Good morning, and welcome to our rolling coverage of business, the financial markets and the world economy. The global economy faces the prospect of $100 a barrel oil again, as the conflict in the Middle East continues. Brent crude has risen back…
Opinion: Oil patch M&A boom signals confidence in Canada's gas export superpower strategy
Please log in to bookmark this story. Create Free Account Canadians have always appreciated validation from foreigners. Last week, London-based Shell PLC validated the country's potential as an energy superpower by closing its $22-billion takeover…
U.S. says it destroyed five Iran oil tankers after attacks on American warship
U.S. forces destroyed five Iranian oil carriers on Tuesday after Tehran launched ballistic missiles at an American warship twice in recent days, the U.S. military said. “American forces directed the crews to abandon ship before the vessels…
Oil Prices Are Once Again on the Brink of $100
Oil prices surge toward $100 as Houthi attacks, U.S. strikes on Iranian tankers and renewed Middle East tensions rattle markets. Europe's Gas Prices Surge as Storage Fears Return European natural gas prices have jumped to €75 per MWh ($25.5…
CNBC Daily Open: Sanctions, strikes and the road to $100 oil
U.S. Central Command destroyed five Iranian tankers in a major escalation. The Treasury Department sanctioned 27 Iranian airlines, among others to constrain the country's economy. Oil prices inched closer to the $100 a barrel mark. Canada's tariffs…
Oil Rises as Houthi Militants' Attack Amplifies Supply-Disruption Fears
2334 GMT — Oil rises in early Asian trade as Houthi militants' attack on Saudi Arabia 's energy infrastructure amplifies fears over supply disruptions in the Middle East. Iran-backed Houthi militants in Yemen fired drones and missiles at a…
What smart people are saying about oil prices surging back toward $100
Markets are worried about oil again. Oil prices have jumped, sparking a sharp surge in US gas prices that culminated in record high prices at the pump for the Labor Day weekend. Markets are digesting a series of fresh strikes in the Middle East…
US destroys five Iranian oil tankers
US Central Command (CENTCOM) said that its forces destroyed five Iranian crude oil carriers in the Middle East on Tuesday, noting them as retaliatory strikes after the Islamic Revolutionary Guard Corps (IRGC) targeted an American Navy warship with…
Oil nears US$100 as fresh Middle East strikes raise supply risks
Oil prices rose for the fourth straight session, gaining more than US$1 (HK$7.8) in early trade on Wednesday after renewed attacks across the Middle East heightened worries about supply disruptions. SCROLL TO CONTINUE WITH CONTENT Brent crude…
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