Oil Industry News
A collection of Oil latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
OPEC to increase oil output amid continued closure of Strait of Hormuz
June 7 (UPI) -- The Organization of the Petroleum Exporting Countries on Sunday agreed to increase production by nearly 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it. Ordinarily…
As OPEC+ meets, Iran war hobbles power to shape oil market
OPEC+ ministers meet Sunday to weigh higher production quotas in a bid to cap oil prices that have surged since the Iran war effectively choked off Gulf crude shipments. But even if the cartel members vow to ramp up output by thousands of barrels…
An Emerging Market Crisis In Oil-Poor Asia?
Reliable availability of cheap energy is, as the Iran war highlights, essential to modern economies and societies, at least for the foreseeable future. Shocks divide the world into the oil haves and oil have-nots. Alongside higher energy prices…
Trump's market sway keeps investors guessing, from oil to bonds
President Donald Trump's comments and policy signals have become a powerful force in financial markets, repeatedly moving prices across oil, bonds, currencies and stocks, The Wall Street Journal reported Saturday. The dynamic was on display last…
Indian Stock Market Outlook: West Asia Tensions, Oil Prices, FII Activity Key Factors
The Indian stock market is poised to react to simmering tensions in West Asia, the fluctuating crude oil prices, and the trading patterns of foreign investors this week, as analysts highlight these as key determinants for market direction.
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
Jonathan Raa | Nurphoto | Getty Images OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even though the U.S. war with Iran is still preventing several of the group's members from…
TikTok Says Seed Oils Are Dangerous-Dietitians Disagree
Confused by weekly nutrition headlines that seem to contradict each other? You're not alone. From TikTok “experts” swearing off entire food groups to viral posts promising quick fixes, today's nutrition landscape is overflowing with…
As OPEC+ meets, Iran war hobbles power to shape oil market
But even if the cartel members vow to ramp up output by thousands of barrels per day, analysts say geopolitical realities mean they probably won't move the needle on prices. With the crucial Strait of Hormuz shut since US and Israeli attacks on…
Why oil didn't hit $200 despite the biggest supply shock in history
Dubai: Despite the effective closure of the Strait of Hormuz for more than three months — cutting over 10 million barrels per day of Middle East oil supplies — prices did not surge as expected. Oil remained below $130 per barrel, far…
Elon Musk is pouring oil on British flames again
By Rosa Prince / Bloomberg Opinion With grim inevitability, Elon Musk's mission to stoke racial division has been playing out in scenes of riots on British streets. The spark for recent unrest in Southampton, a port city in southern England, was…
Kinahan cartel supertanker seized by US special forces in £181m Iranian oil bust
US Special Forces have seized a 1,000-foot oil tanker in the Indian Ocean. The operation disrupted a transnational operation linked to the Kinahan crime cartel that used front companies to move sanctioned Iranian oil worth an estimated $230 million…
OPEC+ decides on fourth oil quota hike since Hormuz closure
OPEC+ agreed on Sunday a fourth increase in its oil output targets in as many months, even though the US war with Iran is still preventing several of the group's members from pumping more. The war has cut oil flows via the Strait of…
Industry Minister to Embark on Multi-Nation Tour to Strengthen Energy and Industrial Cooperation
Industry Minister Kim Jung Kwan is set to embark on a trip to Kazakhstan, three Middle Eastern countries and the Czech Republic on Sunday to bolster energy security and expand industrial cooperation. According to the Ministry of Trade, Industry and…
7 OPEC+ countries to raise oil output by 188,000 bpd in July
RIYADH — Seven OPEC+ countries have agreed to increase their combined crude oil output targets by 188,000 barrels per day (bpd) in July. This is the same as the June hike, which was adjusted down from monthly increases of 206,000 bpd in May…
The Energy Trade Is Bigger Than Oil Prices: 3 Stocks to Buy and 2 to Sell
$57.67 -1.08 (-1.84%) As of 06/5/2026 04:10 PM Eastern Assets Under Management $38.91 billion Energy stocks have been on a tear, but not every name in the sector is telling the same story. Rob Spivey and Joel Litman of Altimetry Research believe…
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